Daily Newsletter - September 17, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

MCA Draft

Acts & Regulations:

RBI Master Direction

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

Income Tax

GST

Customs

News Update:

Indian News:

Central govt notifies CGST rates for goods effective September 22

RBI sets up regulatory review cell, norms to be revisited every 5-7 years

PFRDA proposes NPS exit, withdrawal rule changes; seeks feedback by Oct 17

Sebi mulls allowing FPIs in non-cash, non-agri commodity derivatives

IRDAI launches Bima Sugam: One-stop insurance marketplace, here’s how it works

Cybersecurity audits mandatory for crypto exchanges amid rising thefts

Recent case: He sold family ancestral land for Rs 1 crore and showed Rs 2.45 lakh as income in ITR; won case in ITAT Chennai due to this reason

I-T dept conducts survey op against Marico Group over alleged tax evasion

ICICI Bank gets ₹49 crore GST demand over alleged short payment of tax

Land data to be digitised with ownership rights

Coming soon: Much larger spread for NPS subscribers

Sebi extends settlement window till Oct 16 for stock brokers in algo trading case

GST rejig: No input tax credit for insurers on brokerage, CBIC clarifies

Pass on GST cut benefits fully: Finance ministry to insurers

In AI world, regulation must keep pace with tech: FM Nirmala Sitharaman

785 audit firms of listed companies fail to file statutory returns for FY24

GST discounts for customers: Govt issues key new directive to sellers

RBI issues guidelines regulating payment aggregators

CCI raids steel makers Jindal Saw, Maharashtra Seamless in antitrust case

Sebi signals more relaxations to ease onboarding of foreign investors

International News:

How the PCAOB Can Promote Technology Use in Auditing

Exposure Draft:

MCA Draft:

Establishment of Indian Multi-Disciplinary Partnership (MDP) firms
[Last date for Comments: September 30, 2025]

Acts & Regulations:

RBI Master Direction:

Master Direction on Regulation of Payment Aggregator (PA)
[Published on September 15, 2025]

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

The following ITR eFiling Utilities have been updated:

Common Offline Utility (ITR 1, ITR-2 and ITR 4)
Offline Utility - ITR 5
Excel Utilities for - ITR 1 to 5 & ITR 7

Legal Updates:

Income Tax:

Extension of due date for filing of ITRs for the Assessment Year 2025-26 [Circular No.12]

GST:

GST 2.0 Rate Notification to implement the recommendations of the 56th GST Council [Central Tax (Rate) Notification No.9]

FAQs - 2 on GST 2.0

Customs:

Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver [Notification No.56(NT)]

Customs (Finalisation of Provisional Assessment) Regulations, 2025 [Notification No.55(NT)]

Implementation of Customs (Provisional Assessment) Regulations, 2025 [Circular No.22]

Strengthening Trade Facilitation through Institutionalised Consultation Mechanisms [Circular No.21]

Exemption From Quality Control Order (QCO) On Importof Aerospace Grade Hydrogen Peroxide for Non-Commercial R&D Application [Instruction No.29]