RBI increases the upper limit of an offline payment transaction to Rs. 500 from Rs 200 with immediate effect
The Reserve Bank of India (“RBI”) has increased the upper limit of an offline payment transaction to ₹500 from Rs 200. Other […]
Digital Personal Data Protection Act, 2023 receives Presidential assent: commencement notifications expected to follow giving effect to different provisions of the Act
The Digital Personal Data Protection Act, 2023 (“Act”) (which was earlier passed by both Houses of Parliament) has received assent of the […]
Jan Vishwas (Amendment of Provisions) Bill, 2023 receives President’s assent; Govt. will notify the law by a separate Gazette Notification
The Jan Vishwas (Amendment of Provisions) Act, 2023 (“Act”) (which was earlier passed by both houses of the Parliament) has now received […]
CBIC amends Central Goods and Services Tax Rules, 2017; notifies withdrawal of physical verification of principal place of business in presence of applicant
Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 38_2023 to notify amendments in the Central Goods and Services […]
CBIC notifies procedure to be followed by E-Commerce Operators in case of supply of goods made through them by persons exempted from obtaining GST registration
Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 37/2023-Central Tax to notify Electronic Commerce Operator (ECO) as the […]
CBIC notifies procedure to be followed by E-Commerce Operators in case of supply of goods made through them by Composite dealers
Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 36/2023-Central Tax to notify Electronic Commerce Operators (ECOs) as the […]
Jan Vishwas (Amendment of Provisions) Bill, 2023 passed in Lok Sabha to boost ease of living and ease of doing business
With a view to enable ease of doing business by decriminalizing minor offences, the Jan Vishwas (Amendment of Provisions) Bill, 2023 (“Bill”) […]
Outcome of the 47th GST Council Meeting held on 28th and 29th June, 2022
GST Council held its 47th meeting on 28th and 29th June, 2022 in Chandigarh. In the meeting, GST Council has recommended changes […]
Reserve Bank of India rolls out regulatory framework for microfinance loans; applicable to all NBFCs including Microfinance Institutions and Housing Finance Companies; gains immediate effect
The Reserve Bank of India (“RBI”) has issued the Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022 (“Master Direction”). […]
RBI rolls out implementation plan of ‘Core Financial Services Solution’ by NBFCs in advance ; fallout of the Scale Based Regulation (SBR)
Further to the Scale Based Regulation (“SBR” ) rolled out by the Reserve Bank of India (“RBI”) in October, 2021 about the […]
RBI rolls out Master Direction on Credit Derivatives Transactions in OTC markets; gains effect from 09.05.22 ; NBFCs, SCBs etc. eligible to act as market-makers in credit derivatives
The Reserve Bank of India ( “RBI”) in a circular has issued the Master Direction – Reserve Bank of India (Credit Derivatives) […]
RBI releases Framework for facilitating Small Value Digital Payments in offline mode; effective immediately
The Reserve Bank of India has now introduced the ‘Framework for facilitating small value digital payments in offline mode’ for the Authorised […]