GSTN has announced mandatory capture of Ship-To GSTIN in Bill-To/Ship-To transactions under the EWB system. The change aims to improve data accuracy and traceability of goods movement.
RBI issued revised draft directions to regulate recovery practices of banks, NBFCs, and other regulated entities. The framework prohibits coercive recovery methods and introduces stricter borrower protection, transparency, and grievance redressal measures.
RBI has released draft amendment directions for commercial and small finance banks to strengthen Pillar 3 disclosures under Basel norms. The proposal focuses on transparency, governance, comparability, and improved risk reporting standards for banks.
GSTN has launched a standardized Annexure-B Offline Utility for refund applications involving accumulated ITC to enable automated invoice verification. Taxpayers must now upload invoice-wise HSN/SAC details through the prescribed utility.
SEBI issued clarifications after revised PAN application forms under the Income-tax Rules, 2026 created compliance challenges for Foreign Portfolio Investors. The relaxations simplify documentation and ease PAN allotment procedures for FPIs.
RBI revoked the licence of a Mumbai-based co-operative bank after finding inadequate capital, poor earning prospects, and non-compliance with Banking Regulation Act provisions. The decision aims to protect depositors and safeguard public interest.
RBI issued draft directions governing acquisition and treatment of specified non-financial assets acquired during recovery of non-performing loans. The framework introduces valuation, disclosure, and disposal requirements for regulated entities.
The RBI confirmed that nearly all ₹2000 banknotes have been returned since the 2023 withdrawal announcement. With only a small fraction remaining in circulation, the process is nearing completion. The update highlights the effectiveness of the phased withdrawal strategy.
The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and improved tax buoyancy.
SEBI streamlined the PPM approval process to address delays in launching AIF schemes. The new mechanism allows quicker market entry while shifting disclosure responsibility to intermediaries.
