The advisory explains that registrations will be automatically suspended if bank account details are not furnished within 30 days. It highlights the process for updating details and restoring registration.
RBI finalizes amendments to streamline GML regulations, extend repayment tenor, and expand scope for domestic and exporter jewellers, enhancing ease of doing business.
ITC availed for FY 2023-24 but reversed or claimed in FY 2024-25 must be reported in Table 6A1 of GSTR-9. Reversals from prior years are excluded from Table 7, ensuring accurate reconciliation.
The World Bank and IMF assessment highlights India’s progress in banking, insurance, capital markets, and digital infrastructure while recommending reforms for further growth.
Gross GST collections grew 0.7% in November 2025, driven mainly by a 10.2% rise in import IGST, even as domestic revenues dipped. The report highlights uneven state-wise trends and moderate overall tax buoyancy.
SEBI’s new IG Scheme expands eligibility for No-action and Interpretive Letters, providing clarity on regulatory compliance. Confidentiality and streamlined processing ensure timely guidance within 60 days.
Reserve Bank has replaced 9445 circulars with a structured set of Master Directions, easing regulatory interpretation and reducing compliance burden for banks and financial institutions.
The RBI issues comprehensive directions to regulate internet and mobile banking channels, enhancing security, compliance, and accessibility while clarifying definitions and scope.
Under the new MoU, SEBI officers will receive training in digital forensics, cybersecurity, and related domains, enhancing investigative and regulatory capabilities.
Taxpayers must furnish bank account details within 30 days of registration or before filing GSTR-1/IFF. Non-compliance may lead to GST registration suspension.
