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COMPLIANCE
Parliamentary panel flags compliance glitches on new income tax act, seeks more data from CBDTA parliamentary committee has identified compliance issues with the new Income Tax Act. They are seeking detailed data from the CBDT on its...- IAMAI seeks sector-specific, phased framework for draft RPwD accessibility rulesIAMAI has urged the government to reconsider uniform accessibility obligations for persons with disabilities. They propose a sector-specifi...
- Healthy consumption: GST collections surge to Rs 2 lakh crore, car sales jump 36%India's economic indicators showed resilience and growth in August. Goods and services tax collections rose 14.8 percent to ₹2 lakh crore. ...
- Direct Tax Reforms: Parliamentary panel to meet tomorrow to discuss simplifying taxesA parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization...
- FSSAI issued clear directives to 5-star hotels emphasising zero tolerance for any violations ahead of BRICS Summit: SourcesFSSAI met with leading five-star hotels regarding food safety violations. The authority emphasized zero tolerance for any breaches of hygie...
- New trade rules raise compliance worries for banks over cross-border paymentsAs of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the valid...
- Joint Kolkata police, fire department team visits Abhishek Banerjee's officeA joint team inspected fire safety measures on every floor of the Camac Street building. This exercise was part of an ongoing fire safety a...
- Karnataka food safety department inspects sweet units, seizes food products worth Rs 6 lakhKarnataka food safety officials seized products valued at Rs 5.99 lakh during a special inspection drive. The drive targeted sweet manufact...
- Companies Compliance Facilitation Scheme extended till September 15The Companies Compliance Facilitation Scheme has seen a two-week extension, allowing companies more time to fulfill their statutory filing ...
- Iran's Revolutionary Guards say supertanker struck by mines in Strait of HormuzA supertanker caught fire after being struck by two naval mines in the Strait of Hormuz. Iran's Revolutionary Guards reported the incident,...
- India mandates IST as common time reference; gives 180-day window for complianceNew rules mandate Indian Standard Time as the single national reference. These rules will come into force 180 days after their official gaz...
- GST Council to hold 57th meet on Sept 12 with ITC, simplifying the GST corporate guarantees & more on agendaThe GST Council will meet on September 12 to discuss key reforms. Proposals include easier input tax credit access for buyers and simplifie...
- Everest Hing ban: FSSAI bans sale of Laljee Godhoo, Everest compounded asafoetida over 'misbranded and sub-standard' productsIndia's food regulator has banned compounded hing products from Everest and Laljee Godhoo. Samples from Everest were found misbranded and s...
- FDA buckles under HC heat, revives Mumbai Cricket Association's suspended eateries after fresh inspectionThe Bombay High Court warned food officials, leading to a license suspension withdrawal. Restaurants on Mumbai Cricket Association premises...
- Capri Global faces Rs 74,000 penalty from NSE, BSE over compliance lapsesCapri Global has been fined Rs 74,000 each by BSE and NSE, plus applicable taxes, for delayed compliance with SEBI listing regulations. The...
- Calcutta Stock Exchange seeks Sebi nod for trading comebackThe 118-year-old Calcutta Stock Exchange is seeking Sebi guidance on reviving equity trading through interoperability or a new clearing cor...
- Sebi proposes scrapping merchant banker requirement rule for small-ticket debt via private placementSebi has put forth a proposal to exempt small-value debt issuances from the requirement of appointing merchant bankers. This initiative is ...
- BSE, NSE impose over Rs 59 lakh penalty on NTPC, SJVN, REC for non-complianceThe BSE and NSE have imposed financial penalties exceeding Rs 59 lakh on three public sector power companies: NTPC, REC, and SJVN. The fine...
- MSMEs are embracing AI without understanding the privacy risks: PrivaSapien CEOWith key provisions of India’s Digital Personal Data Protection Rules set to take effect in May 2027, PrivaSapien CEO Abilash Soundararajan...
- RBI imposes penalty on Progfin, Shri Ram Finance Corporation for non-complianceThe Reserve Bank of India recently levied fines on two financial firms for regulatory failures. Shri Ram Finance Corporation was penalized ...
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