The Maharashtra Goods and Services Tax (Amendment) Act, 2025, introduces changes, including a new “track and trace” mechanism for certain goods, penalties for non-compliance, and amendments to input tax credit and appeal processes.
A First Appellate Authority order from the Insolvency and Bankruptcy Board of India addresses two RTI appeals. The order discusses the definition of ‘information’ under the RTI Act and highlights the misuse of the RTI mechanism.
The Ministry of Finance has issued new tariff values for imported goods including crude palm oil soybean oil gold silver and areca nuts effective August 15, 2025.
The Ministry of Finance has amended the Income-tax Rules, 1962, updating Form No. 7 to include block period alongside assessment year from September 1, 2025.
The IRDAI has directed all insurers to conduct a second Quantitative Impact Study (QIS 2) to refine the Risk-Based Capital framework. Results are due by October 15, 2025.
SEBI launches an All India Radio campaign to warn investors about stock trading fraud on social media platforms and to protect their interests.
IRDAI has issued a warning to Acko General Insurance for violating premium collection rules. The insurer failed to strictly comply with Section 64VB(1) of the Insurance Act, 1938.
CBIC issues new guidelines for exporting SCOMET items, outlining a process for classification, clarifying the role of DGFT, and introducing an AEO status for dual-use goods.
RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inclusion for persons with disabilities.
The Reserve Bank of India has issued its second amendment to the KYC Directions, adding provisions for persons with disabilities, clarifying rules for international transactions, and incorporating Aadhaar Face Authentication.
