Withdrawal of Track and Trace System for Export of Drug Formulations
DGFT has withdrawn Para 2.76 of the Handbook of Procedures, 2023, which outlined the procedure for implementing the Track and Trace system for export consignments of drug formulations.
ICAI Guidelines for Aggregation of Limited Liability Partnerships (LLPs)
The Institute of Chartered Accountants of India (ICAI) has issued guidelines for the aggregation of Limited Liability Partnerships (LLPs) under the Chartered Accountants Act, 1949.
Amendments to Liquidation and Voluntary Liquidation Process Regulations
This amendments aim to:
1) Make the liquidation and voluntary liquidation processes faster and more efficient.
2) Ensure transparency and accountability at every step.
3) Simplify procedures while protecting creditors, shareholders, and other stakeholders.
4) Reduce delays caused by incomplete documentation, uncalled capital, or ineligible bidders.
Postponement of Hard-Locking Auto-Populated Liability in GSTR-3B
The GST Network (GSTN) has postponed the implementation of hard-locking auto-populated liability in GSTR-3B, which was initially planned for the January 2025 tax period
Biometric-Based Aadhaar Authentication for GST Registration in Tamil Nadu & Himachal Pradesh
The GST Network (GSTN) has introduced a new functionality for biometric-based Aadhaar authentication and document verification for GST registration applicants in Tamil Nadu and Himachal Pradesh.
Income-tax (Second Amendment) Rules, 2025
The Income-tax (Second Amendment) Rules, 2025, amends the Income-tax Rules, 1962 to include new provisions related to Venture Capital Funds, Finance Companies in International Financial Services Centres (IFSC), and retail schemes within these centres.
Clarification on Late Fee Applicability for Delay in Furnishing FORM GSTR-9C
The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification regarding the levy of late fees for delays in furnishing the reconciliation statement in FORM GSTR-9C
Introduction of Online Module for Filing Annual RoDTEP Return (ARR)
This notice is about introducing a digital platform to make it easier for exporters to file their Annual RoDTEP Return (ARR) online.
Maintaining FCRA Accounts and Utilisation by NGOs/Associations Without Valid Registration
The public notice issued by MHA clarifies the rules and penalties related to handling FC under the FCRA, 2010.
Guidelines for Off-Grid Solar/Wind/Wind-Solar Hybrid Projects with or without Storage
This framework is designed for entities that are not connected to the State electricity grid but want to generate their own renewable energy for self-consumption.
