GST Calendar –Compliances for the month of August ’2025 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) September 10, 2025 GSTR-8 (Tax Collected at Source ‘TCS’) September 10, 2025 GSTR-1 September 11, 2025 IFF- Invoice furnishing facility (Availing QRMP) September 13, 2025 GSTR-6 Input Service Distributor September 13, 2025 GSTR-2B (Auto Generated Statement) September 14, 2025 […]
NOTIFICATION G.S.R. 555(E) [NO. 133/2025/F. NO. 370142/27/2025-TPL], DATED 18-8-2025 The CBDT notifies monetary limits for salary u/s 17(2)(iii) & tax-free medical treatment abroad. For the purposes of item (c) of sub-clause (iii) of clause (2) of section 17 of the Act, the prescribed income under the head “Salaries” shall be four lakh rupees. For the purposes of clause (vi) of Proviso […]
Ministry of Corporate Affairs (MCA) Companies (Incorporation) Second Amendment Rules, 2025 On August 26, the MCA introduced this amendment to the 2014 Rules. It replaces the current Form RD-1 with a revised version. The change will take effect on September 15, 2025. Read More: https://www.mca.gov.in/content/mca/global/en/home.html Companies (Indian Accounting Standards) Second Amendment Rules, 2025 Announced on August 28, this amendment requires […]
The UK economy grew modestly in the second quarter, performing better than many forecasters had expected. While government spending and construction provided support, household consumption remained weak and business investment fell back. Inflation is still above target, shaping cautious interest rate decisions, and consumer behaviour remains restrained. However, the mortgage market is showing signs of revival, with lending activity improving […]
India is no longer just a promising emerging market — it’s a powerhouse of innovation, talent, and consumer demand. With a population exceeding 1.4 billion, a rapidly growing middle class, and a thriving digital economy, India has become one of the most attractive destinations for global business expansion. However, while the opportunities are vast, entering the Indian market requires navigating […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of June, 2025 issued by MCA, SEBI, RBI and Other laws. MCA MCA has launched the final set of 38 Company Forms including 13 Annual filing forms on 14th July 2025 at 12:00 AM With the said changes, the MCA has combined […]
Global investment giant Blackstone has acquired South City Mall in Kolkata for $376.8 million (around INR 3225 crores) from South City Projects (Kolkata) Ltd, a joint venture of six prominent Kolkata-based real estate families, including the Emami, Rameswara, Shrachi, Sureka, Merlin, and JB Groups. Launched in 2006, the 1 million sq. ft. mall is one of eastern India’s largest retail […]
Gujarat High Court – Addwrap Packaging Pvt. Ltd. & Anr. v. Union of India & Ors. Facts: Rule 96(10) restricted the ability of certain exporters to claim IGST refunds on exports made under LUT (Letter of Undertaking) or payment of tax, if they or their suppliers availed certain customs/GST exemptions (e.g., Advance Authorization, EPCG, EOU). The petitioners had exported goods […]
CBDT notified ‘376’ as Cost Inflation Index (CII) for Financial Year 2025-26 The CBDT vide Notification No. 70/2025, dated 01-07-2025, has notified ‘376’ as the Cost Inflation Index (CII) for the Financial Year 2025-26. CIRCULAR F. NO. 225/37/2025/ITA-I, DATED 13-6-2025 The CBDT vide circular dated 13.06.2025; issues guidelines for mandatory selection of returns for complete scrutiny in FY 2025-26. Important […]
In today’s fast-paced digital economy, e-commerce businesses are booming. From small-scale startups selling on Instagram to large marketplaces operating globally, online retail is transforming the way we shop and do business. But while the e-commerce model offers tremendous opportunities, it also comes with unique financial challenges. Managing inventory, processing thousands of transactions, handling taxes across multiple regions, and tracking expenses […]