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SEBI:SEBI has extended the compliance deadline for Angel Funds to disclose their investment allocation methodology from October 15, 2025, to January 31, 2026. Investments after this date must follow the disclosed PPM methodology.(16.10.2025)

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SEBI: SEBI has extended the compliance deadline for Angel Funds to disclose their investment allocation methodology from October 15, 2025, to January 31, 2026. Investments after this date must follow the disclosed PPM methodology. [Circular No.. SEBI/HO/AFD/AFD-POD-1/P/CIR/2025/136  dated 15.10.2025]

Judicial Corner:Order blocking credit ledger under Rule 86A set aside as no reasons recorded and post-decisional hearing not given{ Rithwik Projects (P.) Ltd. vs. Union of India [2025] 179 taxmann.com 256 (Bombay)}(13.10.2025)

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Order blocking credit ledger under Rule 86A set aside as no reasons recorded and post-decisional hearing not given{ Rithwik Projects (P.) Ltd. vs. Union of India [2025] 179 taxmann.com 256 (Bombay)}   Facts Petitioner’s electronic credit ledger under GST was blocked by the tax authority invoking Rule 86A of the CGST Rules thus preventing the …

Judicial Corner:Order blocking credit ledger under Rule 86A set aside as no reasons recorded and post-decisional hearing not given{ Rithwik Projects (P.) Ltd. vs. Union of India [2025] 179 taxmann.com 256 (Bombay)}(13.10.2025) Read More »

Income Tax:  Jhansi Development Authority (PAN: AAALJ0068K) is notified as a tax-exempt authority under section 10(46A)(b) of the Income-tax Act, effective AY 2025-26. This applies as long as it functions under the Uttar Pradesh Urban Planning and Development Act, 1973.(10.10.2025)

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Income Tax  Jhansi Development Authority (PAN: AAALJ0068K) is notified as a tax-exempt authority under section 10(46A)(b) of the Income-tax Act, effective AY 2025-26. This applies as long as it functions under the Uttar Pradesh Urban Planning and Development Act, 1973. [Notification No. 150 /2025/F. No. 300195/37/2024-ITA-I dated 08.10.2025]

Customs: The corrigendum has been issued to correct a wording error in Exemption Notification No. 37/2025-Customs dated 17th September 2025 — the term “aircrafts, missiles, etc.” has been replaced with “aircrafts, etc.” which means duty exemption no longer applies to import of missiles.(10.10.2025)

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Customs The corrigendum has been issued to correct a wording error in Exemption Notification No. 37/2025-Customs dated 17th September 2025 — the term “aircrafts, missiles, etc.” has been replaced with “aircrafts, etc.” which means duty exemption no longer applies to import of missiles. [Corrigendum dated 09.10.2025]

Customs: The CBIC has reviewed the implementation of the Sea Cargo Manifest and Transshipment Regulations (SCMTR), 2018. Sea Arrival and Departure Manifests are now implemented PAN India, while the Stuffing Message (SF) has begun pilot testing at ICD Tughlakabad and CFS-Sattva (Chennai).(09.10.2025)

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Customs  The CBIC has reviewed the implementation of the Sea Cargo Manifest and Transshipment Regulations (SCMTR), 2018. Sea Arrival and Departure Manifests are now implemented PAN India, while the Stuffing Message (SF) has begun pilot testing at ICD Tughlakabad and CFS-Sattva (Chennai). Remaining messages will be operational by 31st December 2025, and the transitional provisions …

Customs: The CBIC has reviewed the implementation of the Sea Cargo Manifest and Transshipment Regulations (SCMTR), 2018. Sea Arrival and Departure Manifests are now implemented PAN India, while the Stuffing Message (SF) has begun pilot testing at ICD Tughlakabad and CFS-Sattva (Chennai).(09.10.2025) Read More »

Article on ‘THE CONCEPT OF INVOLUTION IN ECONOMICS – The Double Edged Sword of Progress’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd.(October 2025)

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INTRODUCTION: First things first.  What is it that the economists call Involution? Has it got anything with us or our economy?  Let us understand the concept before we dive in. Involution, originally an anthropological term, has found renewed relevance in economic discourse, especially in contexts where intensification of efforts lead to diminishing returns. Unlike evolution, …

Article on ‘THE CONCEPT OF INVOLUTION IN ECONOMICS – The Double Edged Sword of Progress’ by CS Venkat R Venkitachalam, Chairman, Bizsolindia Services Pvt Ltd.(October 2025) Read More »

GST: From Oct 2025, 90% GST refunds including “IDS” will be provisionally sanctioned for low-risk cases; officers can withhold on written reasons. Notified categories of taxpayers are excluded from provisional refund sanction.(04.10.2025)

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GST From Oct 2025, 90% GST refunds including “IDS” will be provisionally sanctioned for low-risk cases; officers can withhold on written reasons. Notified categories of taxpayers are excluded from provisional refund sanction. [Instruction No. 06/2025-GST dated 03.10.2025]

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