Taxpayers must furnish bank account details within 30 days of registration or before filing GSTR-1/IFF. Non-compliance may lead to GST registration suspension.
The authority held that complaint-related submissions received from Insolvency Professionals are held in fiduciary capacity and exempt under Section 8(1)(e). The ruling reiterates that RTI cannot be used to obtain confidential regulatory material.
The ROC held that failure to reflect authorised capital alteration in every copy of the Memorandum violated Section 15(1), resulting in a penalty on the company and its directors. The ruling reinforces strict compliance with documentation updates.
The Department of Posts introduces a Standard Operating Procedure to correct balance differences in POSA, PPF, and SSA accounts caused by non-migrated pre-CBS transactions.
The 2025 amendment caps professionals at ten concurrent assignments, with stricter limits for high-value cases, improving efficiency and accountability.
IBBI amends regulations mandating timely and accurate filing of forms by resolution professionals, with penalties for delays and incomplete submissions.
DGFT revises the Handbook of Procedures, merging ANF-1A into ANF-2A and enabling electronic verification of IEC application details to simplify the process.
The FSSAI increases the maximum permissible esters as ethyl acetate from 0.2 g/l to 3.0 g/l in alcoholic beverages, effective 1 June 2026, under the 2025 amendment.
FSSAI has designated seven new Food Safety Officers for key ports and airports across India to enhance food safety regulation and compliance at critical entry points.
RBI updated its Alert List by adding multiple unregulated forex trading websites, warning the public against using platforms operating without authorisation. The key takeaway is to rely only on RBI-approved entities for forex transactions.
