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Daily Newsletter - September 5, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

From the ICAI:

ICAI Publications

Legal Updates:

Income Tax

GST

RBI

SEBI

IFSCA

DGFT

 


  

News Update:

Indian News:

GST revamp: Health policy prices may not drop as much as 18%

Father sells house for Rs 67 lakh and shows only Rs 1,690 income in ITR, wins case in ITAT Ahmedabad; Know how

Sebi ramps up Jane Street probe amid inadequate data, ongoing complaints

Why India's GST began with so many slabs and why it's being simplified now

Industry must pass on benefits of GST rate cut to consumers: Piyush Goyal

GST Council defers rollout of 40% tax on tobacco and pan masala

Indian exporters lobby RBI for weaker rupee to offset Trump tariffs

Sberbank publishes guide for Indian entrepreneurs planning to localise biz in Russia

Govt clears ₹1.5k cr incentive scheme to promote critical mineral recycling

Sebi chief Pandey wants banks to help curb insider trading

US firm Jane Street files case against Sebi's market manipulation charge

GST Council okays fast registration for non-risky businesses, seven-day refund window

GST reforms: 0% GST on individual health and life insurance; reduced from 18%

GST Council clears 2-slab structure: What gets cheaper, what gets expensive

Only two GST rates, cuts part of structural reforms: FM Sitharaman

Two-rate GST structure approved; new rates to kick-in from Sept 22: FM

  

International News:

UAE clarifies new corporate tax rules for free zones: What Businesses need to know now


From the ICAI:

ICAI Publications:

Leadership and Team Management Skills
[January 2025]

Wealth Management and Financial Planning Skills
[January 2025]


Legal Updates:

Income Tax:

Modification to Circular No.9/2022 - Extension to exemption to sovereign wealth funds and pension funds [Circular No.11]

 

GST:

FAQs on GST Rate Rationalisation based on recommendations of GST Council in its 56th meeting on 3rd September, 2025

Recommendations of the 56th Meeting of the GST Council held at New Delhi [Press Release]

 

RBI:

Returns – Department of Payment and Settlement Systems – Submission in CIMS

 

SEBI:

Streamlining of the process for surrender of (Know Your Client) Registration Agency (KRA) registration

 

IFSCA:

Extension of deadline for implementing revised norms for principal officer and compliance officer for capital market intermediaries

 

DGFT:

Clarification regarding applicability of Minimum Import Price (MIP) on Virgin Multilayer Paper Board (VPB) imposed vide Notification No. 26/2025-26 dated 22.08.2025 [Circular No.4]


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