The audit identifies widespread irregularities across customs assessments and export incentive schemes. Most findings were accepted, triggering corrective action and partial recoveries.
The audit found widespread control gaps, delayed processing, and weak automation in duty drawback administration. These deficiencies exposed the exchequer to significant revenue loss.
The audit uncovered large-scale mismatches and non-compliance in GST filings and payments. It highlights risks from ineligible ITC, return gaps, and weak departmental oversight.
SEBI approved new Stock Brokers Regulations, 2025 to replace the 1992 framework, reducing pages and removing redundancies. The ruling prioritises clarity, ease of compliance, and stronger supervisory focus.
GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-population rules, and late fee computation to ensure accurate compliance.
SEBI has further extended the timeline for filing claims against the defaulted broker, giving investors until March 31, 2026. Investors are urged to submit pending claims promptly.
The draft mandates upfront disclosure of all transaction costs for retail forex deals to enhance transparency and informed choice.
The RBI lowered the policy repo rate by 25 bps to 5.25% due to historically low inflation, supporting continued economic growth while maintaining macroeconomic stability.
RBI’s amendments reflect accepted and partially accepted feedback on the draft circular, altering rules on group activities, NBFC norms, and investment thresholds.
The advisory clarifies that from November 2025, auto-populated values in Table 3.2 of GSTR-3B cannot be manually edited. Any corrections must be made through GSTR-1A, which will instantly update the figures.
