Highlights include the AEO Mutual Recognition Agreement with New Zealand, NACIN’s capacity-building strategies, and a Rs. 6.53 crore tax evasion case.
RBI directs agency banks on government account closure for FY 2024-25, with extended deadlines for transactions and special clearing arrangements on March 31, 2025.
RBI permits Indo-Maldives trade settlements in Indian Rupees (INR) and Maldivian Rufiyaa (MVR) alongside the ACU mechanism, effective immediately.
IBBI mandates detailed disclosure of carry forward losses in the Information Memorandum (IM) to enhance transparency in corporate insolvency resolution processes.
The appeal by Maptech Poly Products Pvt Ltd against a penalty for non-maintenance of its registered office was dismissed by the Regional Director, MCA.
India imposes a five-year anti-dumping duty on vacuum insulated flasks from China to protect domestic manufacturers from underpriced imports.
India imposes a six-month provisional anti-dumping duty on aluminium foil imports from China to address underpriced imports and protect the domestic industry.
CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, competent authority, and application terms.
GSTN introduces biometric Aadhaar authentication and document verification for GST registration applicants in Uttar Pradesh, effective March 15, 2025.
Kerala SGST launches Centralised Refund Processing from March 15, 2025, ensuring faster verification, virtual hearings, and streamlined taxpayer communication.
