caalley logoThe alley for Indian Chartered Accountants

Weekly Newsletter - September 10, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

ITR eFiling Utilities for AY 2025-26

From the ICAI:

ICAI Publications

ICAI-WIRC Publication

International Content:

IFRS for SMEs module

Legal Updates:

Income Tax

GST

MCA

RBI

SEBI

IFSCA

DGFT

Customs

 


  

News Update:

Indian News:

Enforcement Directorate searches across three states in Rs 346-cr bank 'fraud' case

Pay more than Rs 20,000 in cash for these transactions and get ready to pay up to 100% penalty, says tax dept

ITR filing deadline alert: Why Finance Ministry may not extend September 15, 2025 due date

India hoped for 'big' GST reform, received only a revised rate card

Sebi eases InvIT, REIT rules for HNIs: ₹25 Lakh now enough to get started

Madras HC sets aside EPFO circular, clears path for higher pension claims

Sebi notifies easier delisting rules for PSUs with 90% govt holding

ED attaches fresh ₹186 crore assets in bank fraud case against DHFL

GST overhaul: Government permits revised MRPs on unsold stock; use of old packaging allowed till December

Creating domestic 'Big Four': ICAI developing digital platform to facilitate CA firm mergers, tie-ups

UPI transaction limits for these categories set to change from September 15, 2025; see the list

Need proactive outreach for easy transition to new GST rates: CBIC chief

India reduces local remedies exhaustion period for Israel under BIA

SAT tells Sebi to respond to Jane Street's appeal, effectively halting further action

ITR deadline extension: Pressure mounts on CBDT to extend September 15 date amid tech, data mismatch issues

GST 2.0: CBIC clarifies social media claims about transition benefits under revised GST rules are false

FM Sitharaman has a message of hope for exporters hit by Trump tariffs

GST reforms 2025: Now, companies don't need to match credit notes to invoices

MCA likely to simplify process for transfer of unclaimed shares

Govt keeping 'good watch' on rupee as several currencies fall, says FM

Court bars reporters, activists from publishing defamatory content on Adani

Centre may introduce Bill in winter session to replace tobacco GST cess

Cash Deals Cannot Be Disregarded Just Because There Is No Bank Record: Supreme Court

GST Diwali Dhamaka has a catch, but govt is watching

GST revamp: Health policy prices may not drop as much as 18%

Father sells house for Rs 67 lakh and shows only Rs 1,690 income in ITR, wins case in ITAT Ahmedabad; Know how

Sebi ramps up Jane Street probe amid inadequate data, ongoing complaints

Why India's GST began with so many slabs and why it's being simplified now

Industry must pass on benefits of GST rate cut to consumers: Piyush Goyal

GST Council defers rollout of 40% tax on tobacco and pan masala

Indian exporters lobby RBI for weaker rupee to offset Trump tariffs

Sberbank publishes guide for Indian entrepreneurs planning to localise biz in Russia

Govt clears ₹1.5k cr incentive scheme to promote critical mineral recycling

Sebi chief Pandey wants banks to help curb insider trading

US firm Jane Street files case against Sebi's market manipulation charge

GST Council okays fast registration for non-risky businesses, seven-day refund window

GST reforms: 0% GST on individual health and life insurance; reduced from 18%

GST Council clears 2-slab structure: What gets cheaper, what gets expensive

Only two GST rates, cuts part of structural reforms: FM Sitharaman

Two-rate GST structure approved; new rates to kick-in from Sept 22: FM

  

International News:

AICPA offers guidance on auditing crypto lending

PCAOB Postpones Effective Date of New Quality Control Standard by One Year

UAE clarifies new corporate tax rules for free zones: What Businesses need to know now


Useful Forms:

ITR eFiling Utilities for AY 2025-26:

ITR 5 Offline Utility released


From the ICAI:

ICAI Publications:

Suggestions on Practical Issues in GST
[Published in August 2025]

Leadership and Team Management Skills
[January 2025]

Wealth Management and Financial Planning Skills
[January 2025]

  

ICAI-WIRC Publication:

Excel utility – Check List for Tax Audit Form 3CD
[Published on September 3, 2025]


International Content:

IFRS for SMEs module:

Module 1 - Small and Medium-sized Entities


Legal Updates:

Income Tax:

Modification to Circular No.9/2022 - Extension to exemption to sovereign wealth funds and pension funds [Circular No.11]

 

GST:

Advisory to file pending returns before expiry of three years

FAQs on GST Rate Rationalisation based on recommendations of GST Council in its 56th meeting on 3rd September, 2025

Recommendations of the 56th Meeting of the GST Council held at New Delhi [Press Release]

 

MCA:

The Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025

 

RBI:

Returns – Department of Payment and Settlement Systems – Submission in CIMS

 

SEBI:

Framework for AIFs to make co-investment within the AIF structure under SEBI (Alternative Investment Funds) Regulations, 2012

Format of Disclosure Document for Portfolio Managers

SEBI (Share Based Employee Benefits and Sweat Equity) (Amendment) Regulations, 2025

SEBI (Portfolio Managers) (Amendment) Regulations, 2025

SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2025

SEBI (Real Estate Investment Trusts) (Second Amendment) Regulations, 2025

SEBI (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2025

SEBI (Investor Protection and Education Fund) (Amendment) Regulations, 2025

Streamlining of the process for surrender of (Know Your Client) Registration Agency (KRA) registration

 

IFSCA:

Fee structure applicable for Third-Party Fund Management Services

Extension of deadline for implementing revised norms for principal officer and compliance officer for capital market intermediaries

 

DGFT:

Amendments in Para 4.53 of the Handbook of Procedures, 2023 [Public Notice No.22]

Amendment in Export Policy of Animal By-Products [Notification No.29]

Clarification regarding applicability of Minimum Import Price (MIP) on Virgin Multilayer Paper Board (VPB) imposed vide Notification No. 26/2025-26 dated 22.08.2025 [Circular No.4]

 

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.53(NT)]


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