Daily Newsletter - December 8, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

RBI Master Directions

SEBI Regulation

From the ICAI:

Technical Guides - GST

Legal Updates:

SEBI

IFSCA

Customs

News Update:

Indian News:

GST superintendent held for taking ₹2.5 lakh bribe to activate firm’s tax number in Gurugram

Parliament clears Bill to levy cess on pan masala manufacturing units

Insurer cannot override a doctor's clinical judgment to reject claim

Rs 1L for harassment by credit card recovery agent

Taxpayer got Rs 4 cr income; files no ITR; wins case

Insurance ombudsman reforms: New penalties, online complaint system and appellate authority

TN removes need for collateral on loans below ₹4 lakh to widen credit reach

Labour codes: Variable pay impact on EPF, gratuity

ICAI, CAG working on autonomousaudit systems using blockchain, AI

Simplification of customs will be next big reform, says FM Sitharaman

International News:

IAASB publishes new ISSA 5000 reports

Acts & Regulations:

RBI Master Directions:

Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) Directions, 2025 (Updated as on December 05, 2025)

Reserve Bank of India (Small Finance Banks – Undertaking of Financial Services) Directions, 2025 (Updated as on December 05, 2025)

Reserve Bank of India (Non-Operative Financial Holding Companies) Directions, 2025 (Updated as on December 05, 2025)

Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) Directions, 2025 (Updated as on December 05, 2025)

Master Direction – Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021 (Updated as on December 05, 2022)

SEBI Regulation:

SEBI (Depositories and Participants) Regulations 2018 
[Last amended on November 22, 2025]

From the ICAI:

Technical Guides - GST:

Technical Guide on GST Reconciliation Statement (Form GSTR - 9C)
[Second Edition : December 2025]

Technical Guide on GST Annual Return – Form GSTR 9
[Third Edition : December 2025]

Legal Updates:

SEBI:

Modalities for migration to AI only schemes and relaxations to Large Value Funds for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012

Clarification on the Digital Accessibility circulars of SEBI

IFSCA:

Amendments to Module no. 16 (Providing Credit) of the IFSCA Banking Handbook: COB directions v6.0

Customs:

Collection of anti-dumping duty on imports of titanium dioxide originating in or exported from China PR [Instruction No.33]