A summary of the Manipur Goods and Services Tax (Amendment) Act, 2025, detailing key changes to tax provisions, including new sections and procedural modifications.
The Ministry of Finance has temporarily exempted cotton imports from customs duty and AIDC. The exemption, effective from August 19 to September 30, 2025, is aimed at public interest.
CBDT notifies new perquisite rules under Section 17(2); salary limit ₹4 lakh and gross total income limit ₹8 lakh for claiming exemptions.
The Maharashtra government has amended the tax arrears settlement act for public sector undertakings, validating past collections and broadening its scope to include more entities.
The EPFO has simplified the process for members to seed or correct their Aadhaar in their UAN. The new process involves employers and allows members to submit physical forms in certain cases.
EPFO circular simplifies death claims for minors, removing the need for a Guardianship Certificate and allowing direct bank transfers to minor children’s accounts.
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.
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.
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.
RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inclusion for persons with disabilities.
