Daily Newsletter - May 17, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

Income Tax Return Forms

Legal Updates:

GST

SEBI

DGFT

Customs

 

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News Update:

Indian News:

Sebi extends timeline for implementing framework on issuance of ODIs by FPIs to Nov 17

RBI penalises Deutsche Bank, YES Bank for breaching compliance norms

Inter-state fake billing nexus busted: 2 held in ₹13.41 crore GST evasion case

CGST Delhi South Commissionerate awarded BIS IS 15700:2018 Certification for Excellence in Public Service Delivery

IndusInd reveals Rs 674 crore error in microfinance books, flags 'other' asset lapse

India begins issuing chip-based e-passports in cities: All you need to know

Interest subsidy may return to help MSMEs compete in global market

Sebi bans SME firm Varyaa Creations from securities market over IPO proceeds diversion

GST is applicable on joint development of properties in this condition, rules Patna High Court; buyers must check this

Creditors recover record ₹67,000 crore via IBC in FY25, up 42% from FY24

Update your EPFO KYC information and save time and trouble: Here's how

Sebi comes out with composition of internal audit team for CRAs

GST amnesty scheme update: Do this to be eligible

Supreme Court may advise lawyers to give timeline to wrap up arguments

Bar Council of India allows foreign lawyers, firms to practice in India on reciprocity basis

  

International News:

Accounting becomes gateway to entrepreneurship

FASB issues guidance on business combinations

KPMG rolls out AI-powered tool for mitigating tariff risks

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Useful Forms:

Income Tax Return Forms:

Income Tax Return Forms for AY 2025-26

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Legal Updates:

GST:

Advisory on reporting values in Table 3.2 of GSTR-3B

  

SEBI:

Review of provisions pertaining to Electronic Book Provider (EBP) platform to increase its efficacy and utility

Simplification of operational process and clarifying regarding the cash flow disclosure in Corporate Bond Database pursuant to review of Request for Quote (RFQ) Platform framework

Extension of timeline for implementation of provisions of SEBI circular dated December 17, 2024 on Measures to address regulatory arbitrage with respect to Offshore Derivative Instruments (ODIs) and FPIs with segregated portfolios vis-à-vis FPIs

Rating of Municipal Bonds on the Expected Loss (EL) based Rating Scale

  

DGFT:

Amendments in Standard Input Output Norms (SION) A-1303 [Public Notice No.7]

  

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.34(NT)]

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