The RBI MPC’s October 2024 meeting retained the repo rate at 6.50% and shifted to a neutral stance amid balanced growth and inflation outlooks.
GSTN updates registration process for metal scrap buyers via GST REG-07, effective October 22, 2024, ensuring compliance with new regulations.
GSTN introduces a validation process for updating bank account details during non-core amendments. Follow the guidelines to ensure compliance.
From January 2025, changes to auto-populated GSTR-3B values will be restricted. Amend through GSTR-1A or Invoice Management System for accurate return filing.
Learn about the latest FAQs on the Invoice Management System (IMS), including GSTR-2B actions, ITC, credit notes, and return filing for October 2024.
SEBI improves process for FPIs, enabling same-day sale proceeds availability post-settlement, boosting efficiency and aligning with domestic investors’ timelines.
GST auto-populates eligible ITC in GSTR-9 for FY 2023-24 from GSTR-2B. Changes available from 15th October 2024, with a validation utility for taxpayer use.
The GST Invoice Management System (IMS) is live from 14th Oct 2024. It helps taxpayers match invoices for accurate ITC claims. GSTR-2B to be generated on 14th Nov.
Notification 25/2024 mandates compliance for businesses dealing with metal scrap under GST. GST portal update will enable registration via FORM GST REG-07.
RBI issues guidance for regulated entities on internal risk assessments for money laundering and terrorist financing compliance.
