IFSCA amends its framework for Global/Regional Corporate Treasury Centres, allowing the Chairperson to grant relaxation on certain conditions for up to one year based on applicant requests.
New GST rules, effective Oct 2023, limit return filing to three years from the due date. This applies to GSTR-1, 3B, 4, and other key forms. Enforced on the GST portal from July 2025 tax period. File outstanding returns promptly.
GST Portal advisory states GSTR-3B auto-populated liability will be non-editable from July 2025 tax period. Amendments must be made via GSTR-1A before filing GSTR-3B.
SEBI circular dated June 6, 2025, extends the additional liquidation period for migrating Venture Capital Funds (VCFs) to July 19, 2026. The migration application deadline remains July 19, 2025.
The RBI’s MPC cut the repo rate by 50 bps to 5.50% to support growth amid easing inflation. Policy stance moves to neutral, aiming for price stability.
The RBI has cut the repo rate to 5.50%, reduced CRR to 3.0% in tranches, and revised penal interest rates, aiming to stimulate the economy.
An order from the Registrar of Companies, Hyderabad imposes a penalty on two directors for failing to disclose their interests as required by Section 184 of the Companies Act, 2013.
IFSCA issues new policies for Payment Service Providers in IFSC, requiring prior approval for international payment systems and authorization for systems affecting domestic transactions.
NPCI introduces NACH 3.0, an upgraded platform with enhanced security, improved interface, and optimized file handling for member banks, with migration starting in July.
CBDT authorizes income tax data sharing with Maharashtra for “Mukhyamantri Mazi Ladki Bahin Yojana” beneficiary identification, outlining the data exchange mechanism and MoU requirements.
