Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
The Reserve Bank has rationalised the framework for authorising persons under the Foreign Exchange Management Act, 1999 to improve foreign exchange service delivery and ease compliance. The Foreign Exchange Management (Authorised Persons) Regulations, 2026 have been notified, and all authorised persons must comply with them as applicable. Corresponding instructions in the Master Directions on money changing activities and other remittance facilities are being amended, and listed A.P. (DIR Series) Circulars are superseded. The directions are issued under FEMA and are without prejudice to approvals required under any other law.
The Reserve Bank has rationalised the framework for authorising persons under the Foreign Exchange Management Act, 1999 to improve foreign exchange service delivery and ease compliance. The Foreign Exchange Management (Authorised Persons) Regulations, 2026 have been notified, and all authorised persons must comply with them as applicable. Corresponding instructions in the Master Directions on money changing activities and other remittance facilities are being amended, and listed A.P. (DIR Series) Circulars are superseded. The directions are issued under FEMA and are without prejudice to approvals required under any other law.
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