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Notifications/Circulars

IRDAI (Meetings) (Amendment) Regulations, 2025

January 1, 2025 249 Views 0 comment Print

IRDAI updates meeting regulations, including frequency, notice period, and agenda circulation. Chairperson’s role clarified for emergent and regular meetings.

IRDAI (Regulatory Sandbox) Regulations, 2025

January 1, 2025 423 Views 0 comment Print

Learn about IRDAI’s Regulatory Sandbox Regulations 2025, enabling innovation in the insurance sector with guidelines on experimentation, permissions, and compliance.

IRDAI (Maintenance of Information by Regulated Entities and Sharing of Information by Authority), Regulations 2025

January 1, 2025 1137 Views 0 comment Print

IRDAI introduces 2025 regulations for insurers’ data maintenance, governance, and confidential information sharing under the Insurance Act. Learn about key provisions.

IRDAI (Re-insurance Advisory Committee) (Amendment) Regulations, 2025

January 1, 2025 339 Views 0 comment Print

IRDAI amends Re-insurance Advisory Committee regulations to enhance efficiency. Updates include member removal criteria and meeting guidelines.

Clarification regarding refund of TDS pertaining to Foreign Contribution (FC)

December 31, 2024 1164 Views 0 comment Print

Ministry clarifies TDS refund transfer to FCRA accounts, stating it’s not a violation and must be reported as “other income” in Form FC-4.

Foreign Contribution (Regulation) Amendment Rules, 2024

December 31, 2024 1464 Views 0 comment Print

Ministry of Home Affairs amends Foreign Contribution rules with changes to carry forward unspent administrative expenses and updated reporting in Form FC-4.

Clarification on GST Treatment of Vouchers by CBIC

December 31, 2024 2484 Views 0 comment Print

CBIC clarifies GST treatment of vouchers, including trading, commission models, and unredeemed vouchers (breakage), providing clarity for businesses and distributors.

Clarification on Place of Supply for Online Services to Unregistered Recipients

December 31, 2024 2271 Views 0 comment Print

CBIC clarifies place of supply for online services provided to unregistered recipients under IGST Act, including mandatory state name on invoices

ITC Availability for Goods Under Ex-Works Contract Clarified

December 31, 2024 7623 Views 0 comment Print

CBIC clarifies ITC eligibility for goods delivered under Ex-Works contract as per Section 16(2)(b) of CGST Act, 2017

Clarification on ITC Reversal for ECO under GST Act

December 31, 2024 1488 Views 0 comment Print

The circular clarifies that electronic commerce operators under section 9(5) of CGST Act need not reverse input tax credit for specified services, excluding restaurant services.

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