GST introduces Invoice Management System (IMS) from October 2024, enabling taxpayers to manage and rectify invoices for accurate Input Tax Credit (ITC).
New GST advisory reduces threshold for reporting inter-state supplies to unregistered dealers from ₹2.5 lakh to ₹1 lakh in GSTR-1 and GSTR-5.
SEBI study reveals 54% of IPO shares (excluding anchor investors) are sold within a week. Key findings include “flipping” behavior and trends post-COVID.
RBI warns the public about fraudsters using its name for scams involving fake offers, intimidation, and fake accreditation. Avoid sharing personal info.
SEBI advises caution for investors in SME segment stocks due to misleading practices by some companies. Avoid reliance on unverified sources.
Biometric Aadhaar authentication for GST registration is now required in Dadra & Nagar Haveli, Daman & Diu, and Chandigarh.
GST introduces RCM Liability/ITC Statement for accurate RCM reporting. Deadline for opening balance is 31st Oct 2024, with amendments allowed until 30th Nov 2024.
From Sept 2024, taxpayers must update valid bank account details in GST registration to file GSTR-1/IFF for Aug 2024 onwards. Non-compliance will block filings.
SEBI addresses allegations in Hindenburg Research report, emphasizing ongoing investigations and regulatory integrity in its August 2024 statement.
RBI maintains policy repo rate at 6.50% in August 2024. Focus on controlling inflation while supporting growth. Projected GDP growth of 7.2% for 2024-25.
