CHAPTER VI MISCELLANEOUS 11. 1) The TechFin and Ancillary Service Provider shall carry out its operation in any of the Specified Foreign Currency: Provided that the TechFin and Ancillary Service Provider may open an INR account to defray its administrative and statutory expenses and for such other purposes as may be permitted under the applicable laws. 2) Every TechFin and Ancillary Service Provider shall maintain its balance sheet in any of the Specified Foreign Currencies. =... ... ...

CHAPTER V INTERMEDIARIES AND SERVICE RECIPIENTS 10. 1) The TechFin and Ancillary Service Provider may provide the services only to an Intermediary or a Service Recipient, who is a Non-resident and from a jurisdiction which has not been identified in the public statement of Financial Action Task Force (FATF) as "High-Risk Jurisdiction subject to call for action". 2) Notwithstanding anything contained in sub-regulation (1), the TechFin and Ancillary Service Provider may also provide t... ... ...

CHAPTER IV REQUIREMENT OF PRINCIPAL OFFICER AND COMPLIANCE OFFICER 9. 1) The TechFin and Ancillary Service Provider shall appoint a principal officer or designate one of its existing officers as a principal officer, who shall be responsible for its overall activities: Provided that in the case of a TechFin and Ancillary Service Provider providing services exclusively to its Group Entities located in the IFSC, the appointment of a principal officer is optional subject to the approval... ... ...

8. The TechFin and Ancillary Service Provider shall abide by the specified in the Fourth Schedule. =============... ... ...

CHAPTER III FIT AND PROPER REQUIREMENTS AND CODE OF CONDUCT 7. 1) The TechFin and Ancillary Services Provider shall ensure that the entity and its principal officer, compliance officer, directors/ partners/ designated partners, and controlling shareholders are 'fit and proper' persons, at all times. 2) For the purpose of sub-regulation (1), a person shall be deemed to be a 'fit and proper' if,- (i). such a person has a record of fairness and integrity, including but not lim... ... ...

6. 1) An applicant desirous of obtaining certificate of registration as TechFin and Ancillary Services Provider shall submit the application to the Authority through SWIT, along with the requisite documents and application fees, in the manner specified by the Authority. 2) After considering the application, if the Authority is of the opinion that the certificate of registration cannot be granted due to certain deficiencies, it shall communicate the same to the applicant, advising it to re... ... ...

5. 1) The applicant shall be an entity incorporated as a company or limited liability partnership in the IFSC, or a branch of a company or of a limited liability partnership incorporated outside the IFSC, or in any other form as may be permitted by the Authority: Provided that a partnership firm registered under the Indian Partnership Act, 1932, wherein all its partners are members of professional body or institute constituted under any Act of Parliament, shall also be eligible to make an... ... ...

CHAPTER II REGISTRATION 4. 1) An entity desirous of providing either TechFin or Ancillary Services or both, shall not commence its operations in the IFSC unless a certificate of registration is granted by the Authority to it in accordance with these regulations: Provided that an existing ancillary service provider authorised under Circular dated February 10, 2021, as amended from time to time, titled as "Framework for enabling Ancillary services at International Financial Services C... ... ...

3. 1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the meanings as assigned to them below and their cognate expressions and variations shall be construed accordingly: - (i). "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (ii). "Ancillary Services" means those services which, directly or indirectly, aid, help or assist in making arrangements for carrying on any of the financial se... ... ...

2. These regulations are aimed at providing a regulatory framework for TechFins and Ancillary Services Providers for making arrangements for carrying on any of the financial services listed in sub-clauses (i) to (xi) of clause (e) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019). =============... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 8th July, 2025 International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025 IFSCA/GN/2025/005-. In exercise of the powers conferred by sub-section (1) of Section 28, read with sub-section (1) of Section 12 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), the International Financial Services Centres Authority hereby makes the follow... ... ...

PowerTel's critical information infrastructure, including specified network, security, authentication, directory, domain name and anti-DDoS resources and associated dependencies, is declared protected systems under Section 70 of the Information Technology Act, 2000. Access requires written authorisation by PowerTel and may be granted to designated employees, need-based managed service provider or vendor personnel, and consultants, regulators, government officials, auditors and stakeholders on a case-by-case basis.

Electronic filing of PGIRP-1 to PGIRP-6 for monitoring insolvency resolution processes involving personal guarantors to corporate debtors remains subject to an extended compliance timeline. The deadline for submission of all applicable forms is extended until 31 December 2026. Penalties for delayed submission or modification will be levied only after that date.

SHRI S.S.GODARA, JUDICIAL MEMBER AND DR. DIPAK P. RIPOTE, ACCOUNTANT MEMBER For the Assessee : Shri Pramod Shingte - AR For the Revenue : Shri M.G. Jasnani - DR ORDER PER DR. DIPAK P. RIPOTE, AM: This appeal filed by the Assessee is directed against the order of ld. Commissioner of Income Tax(Appeals), Pune-11 dated 10.08.2022 emanating from penalty order dated 20.01.2021 for the A.Y. 2017-18. The Assessee has raised the following grounds of appeal: "1. On the facts and c... ... ...

Government of Goa Department of Commercial Taxes Vikrikar Bhavan, Panaji Goa - 403001 CCT/26-4/2017-18/D/2800 Dated: 24 March, 2021 CIRCUAR (No. 10/2020-21 - GST) Subject: Notification No. 38/1/2017-Fin(R&C)(134) dated 30th March, 2020 had been issued which requires Dynamic QR Code on B2C invoice issued by taxpayers having aggregate turnover more than 500 crore rupees, w.e.f. 01.12.2020. Further, vide Notification No.38/1/2017-Fin(R&C)(186), dated 15th December, 2020, pe... ... ...

Each liquidation form due on or before 30 September 2026 and filed after its due date must be accompanied by a fee of Rs. 500 per month of delay, together with applicable GST. The requirement applies to delayed filings made through correction, updation, or any other post-due-date submission under Regulation 47B of the Liquidation Process Regulations.

GST applicability is raised for monthly reimbursement of internet charges where an internet service registered in an individual freelancer's name is repaid by a foreign client after bills are produced. The reimbursement is credited to the freelancer's bank account, requiring consideration of whether the related reimbursement invoice attracts GST.

Income-tax treatment is queried for gifts from children to parents where gifted funds are invested in fixed deposits and ULIP policies. Questions include disclosure of gift receipts in ITR-1 or ITR-2, the relevant reporting schedule, supporting documents, clubbing provisions for fixed-deposit interest, and any upper limit for gifts to close or specified relatives.

The inquiry concerns whether an individual exporting accounting services to foreign clients requires IEC code registration, whether the EDF form is compulsory for service exports, and what procedure is necessary for FEMA compliance. It identifies registration, EDF-form applicability and export-compliance procedure as relevant issues, without supplying a resolution of the requirements.

GST appellate pre-deposit for penalty-only orders is disputed because the amended regime effective from October 1, 2025 contains no transitional provision. Earlier provisions tied pre-deposit to tax in dispute, so an order imposing penalty alone with no tax demand did not attract deposit. The central issue is whether the new penalty pre-deposit applies by reference to the show-cause notice commencing adjudication or to the date of filing the GSTAT appeal. An interim arrangement permits the GSTAT appeal to be entertained without pre-deposit pending determination.