Daily Newsletter - September 24, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Draft

IFSCA Draft

Acts & Regulations:

IFSCA FAQs

RBI Master Direction

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

GST

IFSCA

DGFT

Customs

News Update:

Indian News:

GST invoices getting smarter from October: Here's what you need to know

India may raise foreign investment limit in PSU banks

Thinking of withdrawing EPF for misuse? EPFO warns it can lead to recovery under EPF scheme

Tax clarity for govt staff, DFS releases FAQs on Unified Pension Scheme

Relief from GST annual return filing for these taxpayers; Know its impact

Bombay High Court rules retired employee must get 10% interest for two year delay for gratuity, pension

RBI allows standalone primary dealers to trade in rupee NDF market

Benefits of AI should not overshadow prudent risk management: RBI dy guv

Govt enables GST grievance redressal on National Consumer Helpline

Large ships accorded infra status, to draw more finances

International News:

PCAOB Shines Light on Broker-Dealer Auditors in Latest Publication

SEC chair threatens IFRS recognition

Exposure Draft:

SEBI Draft:

Consultation Paper on Review of Framework to address the ‘technical glitches’ in Stock Brokers’ Electronic Trading Systems’
[Last date for Comments: October 12, 2025] 

IFSCA Draft:

Public Consultation on Circular on Internet Banking Services to Clients of IBUs -Review
[Last date for Comments: October 13, 2025] 

Acts & Regulations:

IFSCA FAQs:

FAQs - Interoperable Regulatory Sandbox

RBI Master Direction:

Master Direction - Risk Management and Inter-Bank Dealings
[Updated as on September 22, 2025]

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated on September 23, 2025:
ITR 6 - Excel Utility

Legal Updates:

GST:

Advisory: New Changes in Invoice Management System (IMS)

Communication to taxpayers through eOffice - requirement of Document Identification Number (DIN) [Circular No.252]

FAQ-4 on fresh advisory issued by the Department of Consumer Affairs related to GST rate revision

FAQ-3 on Goods Rate Notifications as per GST 2.0

IFSCA:

Amendment to the IFSCA Operating Guidelines on Bullion Exchange, Bullion Clearing Corporation, Bullion Depository and Vault Manager – Eligibility Criteria of Bullion Trading Member

DGFT:

Export Policy of Second Generation (2G) Ethanol [Notification No.32]

Updation in SCOMET List 2025 as on 23.09.2025 [Notification No.31]

Clarification Regarding Ineligibility of Spices for Import under Duty-Free Import Authorisation (DFIA) [Circular No.5]

Export of Second Generation (2G) Ethanol under HS Code 22072000 under Restricted Authorization [Trade Notice No.12]

Customs:

Communication to taxpayers through eOffice - requirement of document Identification Number (DIN) [Circular No.23]