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CBDT issued amendments to tax rules governing business and securitization trusts and allowed waiver of interest on delayed TDS/TCS due to tech issues.
The Supreme Court clarified “First Offence” status under compounding rules, impacting how repeat offences are viewed.
The GSTN released an advisory addressing waiver scheme filing concerns, and CBIC notified the effective dates for CGST rule changes and Form 9 updates.
From 1st April 2025, ISD registration becomes mandatory, bringing implications for service distributors.
Judicial highlights include the West Bengal AAR’s stance on liquidation asset sales being taxable and the Madras HC’s classification of holographic label supplies as goods.
On the audit front, ICAI issued fresh merger/demerger guidelines for CA firms and offered critical year-end book closure guidance for FY 2024–25.
Regulatory updates feature SEBI's online portal for share acquisitions, a circular tightening Related Party Transaction disclosures, and RBI's revision to bank rate and liquidity tools.
Wrap up the quarter efficiently with our April 2025 compliance calendar.
Download the full publication below.