Gross GST revenue for July 2025 reached ₹1,95,735 crore, a 7.5% increase from last year, with total net revenue at ₹1,68,588 crore.
The RBI has released draft Master Directions for Co-operative Banks, replacing old norms with new business authorization criteria and rules for operations.
SEBI and NSE launch Samuhik Prativedan Manch for stock brokers, streamlining compliance reporting to a single platform, reducing costs and enhancing ease of business
SEBI takes action against a newspaper ad promoting illegal dabba trading, issuing warnings to media and investors, and involving cyber police.
RBI issues draft Master Direction on Digital Banking Channels Authorisation, 2025, outlining rules for internet and mobile banking services for all Indian banks.
GSTN clarifies GSTR-3A notices issued to cancelled composition taxpayers due to a system glitch; corrective action is underway to resolve the issue.
Understand the upcoming changes to GSTR-3B Table 3.2. From July 2025, inter-State supply values will be non-editable, requiring amendments via GSTR-1A or subsequent GSTR-1/IFF filings.
New GST System features will notify taxpayers of ASP data access via OTP consent and allow viewing/revoking access for enhanced security.
Taxpayers can now file appeals (APL-01) on the GST Portal against rejected waiver applications (SPL-07). Exercise caution as withdrawals are not available.
Jane Street deposits INR 4,843.57 crore into an escrow account, complying with SEBI’s interim order; SEBI reviews request to lift restrictions.
