“FOCUS ON GOOD GOVERNANCE RATHER THAN BOARD POSITIONS.”
G.V. and Associates, Company Secretaries & Advisory Solutionz (P) Ltd.
In this Issue (Updates for 01.08.2025 – 31.08.2025):
Welcoming Partner CS G. Balasubramaniam • Compliance Calendar • Companies Act • Securities and Exchange Board of India • Reserve Bank of India • Income Tax & GST • Stock Exchange • Other Acts
Welcoming Our New Partner
We are happy to inform you that CS G.Balasubramaniam, FCS is joining as Partner in our firm G.V. and Associates, Company Secretaries.
CS G.Balasubramaniam is Company Secretary by profession and has more than 25 years of experience in Corporate field.
His career spans positions like Company Secretary of one of the top 500 listed entity, Vice President & Company Secretary of Rs.2500 crore business conglomerate, Company Secretary, Finance Controller – International Operations of manufacturing entity etc.
He is an expert in Promotion, formation and incorporation of companies in India and abroad besides handling RBI and other compliance matters related therewith both in India and overseas including but not limited to countries like USA, Germany, Russia, Malaysia, UAE etc.
His proficiency includes heading and guiding Finance, Accounts, Audit, Legal, Secretarial, Human resources, Administration, Non-renewable energy projects etc., in corporate world.
He is qualified to Act as Independent Director (Member in Independent Directors Databank of the Indian Institute of Corporate Affairs).
He has been with LIC Mutual Fund, Mumbai and possess good knowledge on Shares & Securities, Stock market trends, Mutual Funds, Equity research etc.
He was Co-Convener, Economic Affairs & Taxation Panel, Confederation of Indian Industry (CII), Coimbatore Zone in the year 2011-12 & 2012-13.
He has authored a booklet titled “Mutual Funds in India” being used as a study material by P.S.G. College of Arts and Science, Coimbatore.
He was the Chairman of The Institute of Company Secretaries of India, (ICSI) Coimbatore Chapter of the year 2010. Coimbatore Chapter was accredited as Best Chapter (B Grade) for the year 2010.
Further, he has served as Treasurer (2007), Secretary (2008) and Vice Chairman (2009) of ICSI Coimbatore. He has been the Management Committee Member of ICSI Coimbatore Chapter incessantly for a period of 12 years since 2007.
He is a Member of Board of Studies in more than 10 reputed Colleges/Universities, predominantly in Coimbatore and across Tamilnadu and Pondicherry besides being Visiting Professor in few educational institutions.
He has served as a Faculty at The Institute of Company Secretaries of India, Coimbatore Chapter, The Institute of Chartered Accountants of India, Coimbatore Branch, The Institute of Cost Accountants of India, Coimbatore Chapter.
Has handled online video classes and lectures on CAclubindia.com
He has conducted various workshops for students on contemporary topics besides having addressed at various Schools, Colleges, Business schools and more than 1000 symposiums.
His articles are being published in Chartered Secretary Journal at frequent intervals.
His debut includes a live phone-in programme presented by him, telecasted by “Polimer Channel” on “Career as a Company Secretary”.
He spoke on “Career as a Company Secretary” broadcasted by All India Radio, Coimbatore.
His interest in Carnatic vocal music made him learn the same for nearly a decade and has also fetched him a prize from the Madras Doordharsan Kendra.
He is Trustee of “Arsha Avinash Foundation”, a registered charitable trust formed to render service to the society, presently publishing books on spirituality and offers discourses on Bhagavat Gita, veda and vedanta. He renders spiritual discourses for the self realisation of human being.
He has ardently learnt Astrology and numerology.
He was Awarded by Association of Matriculation Schools and Bharatiya Vidya Bhavan for securing highest marks in Higher secondary examination.
He was awarded by His Excellency the Governor of Uttar Pradesh for having made Coimbatore Chapter as Best Chapter (B Grade) during his tenure as Chairman.
ICSI Coimbatore Chapter has honoured him for having served the student fraternity for more than a decade.
ICAI Coimbatore Branch has acclaimed his significant service to student community.
Global Economic Progress and Research Association, New Delhi has presented Gold Medal award to him for his outstanding contribution in Industry and Education in the year 2019.
Please join us in welcoming CS G.Balasubramaniam!
Welcome aboard! We’re thrilled to have you join our team. Your journey here is the beginning of something truly great.
Compliance Calendar For The Month Of October 2025
| Act | Form /<br>Regulation (Reg) No. | Applicability | Due Dates |
|---|---|---|---|
| Companies Act, 2013 | AOC 4 | All companies registered under the Companies Act, 2013, except One Person Companies and small companies. | WITHIN 30.10.2025 |
| AOC-4 XBRL | Indian companies that are listed on a stock exchange and their Indian subsidiaries, or companies with paid-up capital of ₹5 crore or more, or companies with an annual turnover of ₹100 crore or more | WITHIN 30.10.2025 | |
| AOC 4 CFS | Indian companies with one or more subsidiaries or associates | WITHIN 30.10.2025 | |
| MSME -1 | Companies having outstanding dues to MSME | WITHIN 31.10.2025 | |
| NDH -3 | All the Nidhi Companies | WITHIN 31.10.2025 | |
| Limited Liability Partnership Act | Form 8 | LLPs | 30.10.2025 |
| Foreign Exchange Management Act | ECB-2 | LLP & Company having ECB | WITHIN 07.10.2025 |
| SEBI (Listing Obligations<br>and Disclosure Requirements) | Reg 27 | Company listed in Main Board | WITHIN<br>15.10.2025 |
| Reg 13 | All Listed Companies | WITHIN 21.10.2025 | |
| Reg 31 | All Listed Companies | WITHIN 21.10.2025 | |
| Reg 76 | All Listed Companies | WITHIN 31.10.2025 | |
| Insolvency and Bankruptcy Board of India | Form VL | As may be Applicable | WITHIN 10.10.2025 |
| Insolvency and Bankruptcy Board of India | Form CP | As may be Applicable | WITHIN 10.10.2025 |
| Insolvency and Bankruptcy Board of India | Form LIQ | As may be Applicable | WITHIN 10.10.2025 |
Companies Act
The Companies (Incorporation) Second Amendment Rules, 2025
- The Ministry of Corporate Affairs (MCA) vide its notification G.S.R 579(E) dated August 26, 2025, has notified “the Companies (Incorporation) Second Amendment Rules, 2025” which shall come into force on the 15th day of September 2025. According to the amendment, the form no. RD-1 {Form for filing application to Central Government (Regional Director} is substituted.
SOURCE: https://egazette.gov.in/(S(5l0qwc5eoqlvxbg0xcm2cwok))/ViewPDF.aspx
The Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025
- The Ministry of Corporate Affairs (MCA) vide its notification G.S.R 603(E) dated September 04, 2025, has notified “the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025” which shall come into force on the date of their publication in the Official Gazette.
The amendment inter alia provides below insertion as new clause (iii) to rule 25(1A):
- One or more unlisted company, (not being the company referred to in section 8 of the Act), with one or more unlisted company, (not being company referred to in section 8 of the Act), where every company involved in the merger,-
- (a) has, in aggregate, outstanding loans, debentures or deposits not exceeding two hundred crore rupees, and
- (b) has no default in repayment of loans, debentures or deposits referred to in sub-clause (a), on a day, not more than thirty days before the date of notice referred to in clause (a) of sub-section (1) of section 233 of the Act and on the date of filing of scheme under sub-section (2) of section 233 of the Act.
- Provided that a certificate from the auditor of the company that the company meets the conditions referred to in this clause shall be filed in Form No. CAA-10A along with the copy of the approved scheme referred to in subsection (2) of section 233 of the Act.
- Further, various Forms CAA-9, CAA-10, CAA-11 and CAA-12 are substituted.
SOURCE:https://www.mca.gov.in/bin/dms/getdocument?mds=SYSKtbXJsx%252BNzNlhs92xwA%253D%253D&type=open
MCA Widens the scope of fast-track mergers under the Companies Act, 2013
- The Companies Act, 2013 regulates the incorporation, responsibilities, governance, and dissolution of companies in the country. Section 233 of the Companies Act, 2013 provides for merger or amalgamation of certain companies (Fast Track Merger) through approval of Central Government [Delegated to Regional Directors]. Section 233(1) of the Companies Act, 2013 allows mergers/demergers between
- (i) two or more small companies and
- (ii) holding company and its wholly owned subsidiary
- Section 233 empowers Central Government (MCA) to prescribe, by way of rules, additional classes of companies who can avail such fast track process. In order to facilitate ease of doing business and allow small companies and start-up companies to avail such fast track procedure, amendment was made in the year 2021 in the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (CAA Rules) to extend the scope of fast track process for merger/demergers between
- (a) two or more start-up companies and
- (b) one or more startup company with one or more small company.
- Subsequently through amendment made in CAA Rules in September, 2024, merger of a transferor foreign company incorporated outside India being a holding company with the transferee Indian company being its wholly owned subsidiary company incorporated in India (reverse flipping) has also been allowed through fast-track merger procedure.
SOURCE : https://www.pib.gov.in/PressReleasePage.aspx?PRID=2165660
NFRA announces outreach programmes across the country to enhance its stakeholder engagement initiatives with audit professionals
- The National Financial Reporting Authority (NFRA) has announced outreach programs across the country to further enhance its outreach and stakeholder engagement initiatives with audit professionals. The initiative is aimed at enhancing audit quality and promoting sustainable audit practices for all sizes of audit firms. The workshop series will bring together auditors, professional bodies, academics, and experts to discuss key practical themes on several professional and qualitative aspects of audit. Informative and interesting technical sessions have also been planned as part of the outreach programs.
SOURCE : https://www.pib.gov.in/PressReleasePage.aspx?PRID=2168223
Extension of time for filing e-form DIR-3-KYC and web-form DIR 3-KYC-WEB without fee upto 15.10.2025
- The Ministry has received suggestions to extend the time beyond 30.09.2025 for filing of e-form DIR3-KYC and web-form DIR-3-KYC-WEB without payment of filing fee. The matter has been examined in the Ministry and it has been decided to allow filing of e-form DIR-3-KYC and web-form DIR-3-KYC-WEB without filing fee upto 15th October, 2025.
SOURCE:https://www.mca.gov.in/bin/dms/getdocument?mds=DDGnyBW4dh4b%252FcVgXvMoSg%253D%253D&type=open
Attestation And Apostille Services- Now Through Online Through E-Sanad Portal
e-Sanad is an initiative of the Ministry of External Affairs (MEA), Government of India. It provides a centralised platform for contactless, faceless, cashless and paperless document verification, attestation, or apostille.It works for Indians and foreigners who hold documents issued by Indian Document Issuing Authorities (DIAs).
Types of documents Covered :
- Educational,
- personal,
- commercial.
The document must be available in a digital repository or digital depository, such as the National Academic Depository (NAD) or other DIAs who have been integrated. If the document isn’t in a digital repository, the traditional attestation/apostille route still applies.
Indian citizens, for documents issued by Indian authorities and foreigners who have documents issued from Indian DIAs are eligible to use it
ADVANTAGES OF USING E-SANAD
No need to physically visit many offices.
Contactless + paperless.
Quicker processing especially for documents in digital repositories.
Transparent process: status tracking with ARN, email/SMS updates etc.
DISADVANTAGES OF USING E-SANAD
If the issuing authority doesn’t have a digital depository or if your document is not in such repository, the process will require extra steps.
Securities And Exchange Board Of India
Extension of timelines and Update of reporting authority for IAs and RAs
The SEBI has issued a circular dated August 29, 2025 pertaining to extension of timelines and update of reporting authority for IAs and RAs w.r.t. SEBI Circular for Compliance to Digital Accessibility Circular ‘Rights of Persons with Disabilities Act, 2016 and rules made thereunder, mandatory compliance by all Regulated Entities’ dated July 31, 2025. In this regard, SEBI has received representations from Regulated Entities (REs) requesting an extension of timeline to submit their compliance against the provisions of the circular. Based on the representations received, the extensions are granted.
SEBI Circular-Framework for Intraday Position Limits Monitoring for Equity Index Derivatives
The SEBI has issued a circular dated September 01, 2025, specifying framework for intraday position limits monitoring for equity index Derivatives. Vide this circular, it is decided to implement the certain entity level intraday monitoring framework for index options to ensure market stability, while facilitating participation by various market participants, including liquidity providers / market makers. The provisions of the Circular shall come into effect from October 01, 2025 except for the provision mentioned at para 4.7 of the circular, which shall come into effect from December 06, 2025.
The SEBI (Investor Protection and Education Fund) (Amendment) Regulations, 2025
The Securities and Exchange Board of India (SEBI) vide its notification F. No. SEBI/LAD-NRO/GN/2025/256 dated September 01, 2025, has notified “The Securities and Exchange Board of India (Investor Protection and Education Fund) (Amendment) Regulations, 2025” which shall come into force on the date of their publication in the Official Gazette. According to the amendment, in regulation 4(1) the following clause has been inserted:
“(la) monies transferred in accordance with clause (c) of sub-regulation (3) of regulation 38B of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021;”
SOURCE: https://egazette.gov.in/(S(0yy5e1lmj125dapw5drysiam))/ViewPDF.aspx
The Securities and Exchange Board of India (Portfolio Managers) (Amendment) Regulations, 2025
The Securities and Exchange Board of India (SEBI) vide its notification No. SEBI/LAD-NRO/GN/2025/260 dated September 01, 2025, has notified “The Securities and Exchange Board of India (Portfolio Managers) (Amendment) Regulations, 2025” which shall come into force on the date of their publication in the Official Gazette. The amendment inter-alia provides: Regulation 22(3) is substituted with the following:
“(3) The portfolio manager shall provide to the client, the Disclosure Document, in the format as may be specified by the Board, along with a certificate in Form C as specified in Schedule I, prior to entering into an agreement with the client as referred to in sub-regulation (1).”
SOURCE: https://egazette.gov.in/(S(i3rdh3q3hggjjbak0jhp2vhe))/ViewPDF.aspx
Streamlining of the process for surrender of (Know Your Client) Registration Agency (KRA) registration
The SEBI has issued a circular dated September 05, 2025, regarding streamlining of the process for surrender of (Know Your Client) Registration Agency (KRA) registration. Regulation 13 of {KYC (Know Your Client) Registration Agency} Regulations, 2011 provides that a KRA, who has been granted a certificate of registration under the Act or the regulations made there under, may make a request for surrender to the Board, duly satisfying the Board, about the factors. In this context, based on the inputs received from the stakeholders, it is decided that the process for surrender of KRA registration should be streamlined for voluntary/involuntary scenarios so that critical operations and services of KRA are wind down in orderly manner. Vide this circular the SEBI has inter-alia enumerated certain norms pertaining to Critical Operations and Services of KRAs; Standard Operating Procedure; KRAs to ensure compliance; Applicability and Review etc.
The Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) (Amendment) Regulations, 2025
The Securities and Exchange Board of India (SEBI) vide its notification No. F. No. SEBI/LAD-NRO/GN/2025/262 dated 08th September, 2025, has notified “The Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) (Amendment) Regulations, 2025” which shall come into force on the date of their publication in the Official Gazette.
According to the amendment a new regulation 9A is inserted:
“9A. Employee identified as promoter or part of the promoter group in the draft offer document. An employee who is identified as a “promoter” or part of the “promoter group” in the draft offer document filed by a company with the Board in relation to an initial public offering, and who was granted options, SAR or any other benefit under any scheme at least one year prior to filing of the draft offer document, shall be eligible to continue to hold and/or exercise such options, SAR or any other benefit, in accordance with its terms and subject to compliance with these regulations and other applicable laws.”
SOURCE : https://egazette.gov.in/(S(oi1hfq4ohlu42gdvvagefgr1))/ViewPDF.aspx
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2025
- The Securities and Exchange Board of India (SEBI) vide its notification No. F. No. SEBI/LAD-NRO/GN/2025/261 dated 08th September, 2025, has notified “The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2025” which shall come into force on the date of their publication in the Official Gazette. According the amendment inter alia provides:
- A new sub-regulation 2A is inserted in regulation 39 stating: The listed entity shall issue securities pursuant to any Scheme of Arrangement or any subdivision, split or consolidation of securities only in the dematerialised form. Provided that the listed entity shall open a separate demat account for such securities of investors not having a demat account.
- sub-regulation (1) to regulation 91C which is stating norms pertaining to disclosures by a not for profit organisation is substituted and specified timelines for making annual disclosures to the Social Stock Exchange(s).
SOURCE: https://egazette.gov.in/(S(cb4ur3wljljoxlrz2eb4y2vy))/ViewPDF.aspx
Framework on Social Stock Exchange (“SSE”)
SEBI has issued circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2029 dated September 19, 2025, specifying Framework on Social Stock Exchange (“SSE”). Based on the recommendations of Social Stock Exchange Advisory Committee (SSEAC) and the feedback received through public consultation on the recommendations of SSEAC, the Board approved amendments to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations). Accordingly, the provisions of ICDR Regulations and LODR Regulations in this regard, have been amended vide Gazette Notification dated September 09, 2025 and September 08, 2025 respectively.
Reserve Bank Of India
Launch of Microsite for Banknotes
- A microsite link: https://indiancurrency.rbi.org.in/ for banknotes has been launched by the Reserve Bank of India. The microsite provides members of the public, a platform to access information on banknotes such as details of the design and security features through a 360-degree view of the banknotes, multimedia (video, audio and animation), interactive games etc. with simple and efficient navigation. The microsite also has a dedicated section for information on exchange of banknotes. The new microsite replaces the earlier microsite https://paisaboltahai.rbi.org.in.
SOURCE: https://rbi.org.in/Scripts/BS_PressReleaseDis
Reserve Bank Of India (Regulation Of Payment Aggregators) Directions, 2025
- Reserve Bank of India (RBI) has issued Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025. This Master Directions entail, interalia, the following:
- a. Rationalisation of the definition of various categories of Payment Aggregators
- b. The authorisation process;
- c. The process for carrying out due diligence of merchants by Payment Aggregators;
- d. Permissible operations in escrow accounts;
SOURCE:https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61218
The Reserve Bank has released the September 2025 issue of its monthly Bulletin. The Bulletin includes one speech, seven articles and current statistics.
The seven articles are:
- State of the Economy;
- Flow of Financial Resources to Commercial Sector in India during 2024-25;
- The Untold Story of FinTech Customers’ Experience;
- Review of Performance of the NBFC Sector;
- Impact of UPI on Cash Demand – Evidence from National and Subnational Levels; Is Consumption Inequality Declining? – What the 2022-23 NSSO Survey Tells Us;
- Infrastructure – An Engine of India’s Growth Express.
RBI Executive Director Sh. Shirish Chandra Murmu to succeed Sh. Rao as Deputy Governor.
Government has appointed Sh. Shirish Chandra Murmu, Executive Director at RBI, as Deputy Governor of Central Bank for a three year term staring Oct 09, 2025. He will succeed Sh. M Rajeshwar Rao, who is retiring. The appointment was cleared by the appointments committee of the Cabinet.
Income Tax And Goods And Services Tax
Recommendations of the 56th Meeting of the GST Council held at New Delhi on 03.09.2025
- The 56th meeting of the GST Council was held in New Delhi under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council inter-alia made the recommendations relating to changes in GST tax rates, provide relief to individuals, common man, aspirational middle class and measures for facilitation of trade in GST. FAQs are also being issued for clarification of doubts. The recommendations made by the 56th GST Council are as below:
Changes in GST rates of Goods and Services
- Recommendations relating to GST rates on goods
- Changes in GST rates of goods
Other changes relating to goods
- It has been decided that the GST will be levied on Retail Sale Price (RSP) instead of transaction value on Pan Masala, Gutkha, Cigarettes, Unmanufactured tobacco, Chewing tobacco like Zarda.
- It has been decided to grant ad hoc IGST and compensation cess exemption on new armoured sedan Car imported by the President’s Secretariat for the President of India.
- Recommendations and changes relating to GST rates on services
Other changes relating to services
- The Council has recommended to add Explanations to the definition of ‘specified premises’ in the context of taxability of restaurant services in order to clarify the position that a stand-alone restaurant cannot declare itself as a ‘specified premises’ and consequently cannot avail the option of paying GST at the rate of 18% with ITC.
- The Council has recommended to align the valuation rules with the change in the tax rate applicable to lottery tickets, certain amendments in the GST Valuation rules are being carried out.
Recommendation relating to date of implementation
The changes in GST rates on services will be implemented with effect from 22nd September 2025.
- The changes in GST rates of all goods except pan masala, gutkha, cigarettes, chewing tobacco products like zarda, unmanufactured tobacco and bidi, will be implemented with effect from 22nd September 2025.
Measures for Facilitation of Trade
Process Reforms
- GST Council has taken various decisions and recommended various measures to facilitate trade. The process reforms and other measures related to GST law and Procedure are at Annexure -V. The date of implementation of these process reforms will be notified in due course.
Operationalization of the Goods and Services Tax Appellate Tribunal (GSTAT)
- The Goods and Services Tax Appellate Tribunal (GSTAT) will be made operational for accepting appeals before end of September and will commence hearing before end of December this year. The Council also recommended the date of 30.06.2026 for limitation of filing of backlog appeals. The Principal Bench of the GSTAT will also serve as the National Appellate Authority for Advance Ruling. These measures will significantly strengthen the institutional framework of GST by providing a robust mechanism for dispute resolution, ensuring consistency in advance rulings, and offering greater certainty to taxpayers. This will further enhance trust, transparency, and ease of doing business under the GST regime.
Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman launches Goods and Services Tax Appellate Tribunal (GSTAT) in New Delhi
- The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman formally launched the Goods and Services Tax Appellate Tribunal (GSTAT) in New Delhi, on September 24, 2025.
- The launch of GSTAT marks a major milestone in the evolution of the Goods and Services Tax regime and strengthens the institutional framework for indirect tax dispute resolution in the country.
- Smt. Sitharaman stated that GSTAT is a natural extension of the reform arc — an important advance for ease of doing business and a vital forum for justice; and in simple terms: when a taxpayer has a dispute, the first appeal lies within the tax administration.
- At the second level, whether the original order is from the Centre or a State, the appeal will now converge at a single, independent forum – the GSTAT.
- For details: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2170932
Extension of timelines for filing of various reports of audit for Financial Year
2024 25
- The Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Income-tax Act,1961 (the Act) hereby extends the ‘specified date’ for the assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act for furnishing of report of audit under any provisions of
- the Act for the Financial Year 2024-25 (relevant Assessment Year 2025-26) from 30th September, 2025 to 31st October, 2025.
SOURCE : https://incometaxindia.gov.in/news/circular-no-14-2025.pdf
Other Acts
Environment Audit Rules, 2025
The Central Government have notified Environment Audit Rules, 2025 for certification and registration of environmental auditor for ascertaining environmental compliance of the projects, activities or processes prescribed under various environmental regulations and rules or under any other Act or rules or regulations pertaining to Environment, Forest and Climate Change. The Environment Audit Rules, 2025 provides with the Roles and responsibilities of Registered Environment Auditors, Site visit and sampling, Roles and responsibilities of the Environment Audit Designated Agency (EADA) and Mechanism for registration of Certified Environment Auditors.
Appointments in the National Financial Reporting Authority
In exercise of the powers conferred by sub-section (3) of section 132 of the Companies Act, 2013. The Central Government has appointed the following officers in the National Financial Reporting Authority:
- Shri Nitin Gupta, Chairperson;
- Ms. Smita Jhingran, Full-Time Member;
- Shri P. Daniel, Full-Time Member;
- Shri Sushil Kumar Jaiswal, Full-Time Member
Key GST Exemptions and Reduction
Dairy Products
- Milk and paneer exempt from GST.
- GST on butter, ghee, and similar products reduced from 12% to 5%.
- GST on milk cans (iron, steel, aluminum) reduced from 12% to 5%.
- Cheese, pasta, namkeens, jams, jellies, fruit pulps, juice-based drinks, chocolates, biscuits, coffee, cakes, pastries, and ice creams reduced to 5%.
Food Processing & Packaging
- Processed foods made by cooperatives taxed at 5%.
- Packing paper, cases, and crates GST reduced to 5%.
Agricultural Machinery & Inputs
- Tractors (below 1800 cc) GST cut to 5%.
- Tractor components (tyres, tubes, hydraulic pumps, etc.) reduced from 18% to 5%.
- Fertiliser inputs (ammonia, sulphuric acid, nitric acid) slashed from 18% to 5%.
- Twelve bio-pesticides and micronutrients reduced from 12% to 5%.
- Commercial trucks and delivery vans GST reduced from 28% to 18%.
- Third-party insurance of goods carriage reduced from 12% to 5% with ITC
NITI Aayog in collaboration with UNDP organised a National Workshop on ‘The National Multidimensional Poverty Index (MPI): Strengthening Outreach and National Capacity’ in New Delhi
A one-day National Workshop on ‘The National Multidimensional Poverty Index (MPI): Strengthening Outreach and National Capacity’ was organised by NITI Aayog, in collaboration with the United Nations Development Programme, as part of the NITI–State workshop series under the State Support Mission. The conference brought together senior government officials from 30 States and Union Territories, along with representatives from various Ministries of Government of India, UN agencies (UNDP, UNRCO), and think tanks (Institute of Economic Growth, IIT Roorkee, NCAER, CEEW, Institute of Human Development and the Nudge Institute). A panel discussion was held on how States are currently using data for targeting in social protection and poverty alleviation schemes, and on the potential for integrating the MPI into these efforts. The panelists shared key insights on supporting more effective, data-driven decision-making in programme design and delivery, including reducing the periodicity of surveys and complementing existing data. They also shared their experiences of ideating and implementing various initiatives such as Tamil Nadu’s Chief Minister’s Breakfast Scheme, Uttar Pradesh’s Sambhav Abhiyan, Andhra Pradesh’s Zero Poverty – P4, and Odisha’s Social Protection Delivery Platform. The workshop also included a session focusing on the Technical Methodology of National MPI and Leave No One Behind (LNOB) Analysis of Multidimensional Poverty in India.
SOURCE: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2165241
Disclaimer: This Newsletter is designed to provide information of corporate and legal updates during the particular period and is not intended as a substitute for professional consultation and advice in a particular matter. We request to read or refer to the relevant law, rule or notification before concluding or taking any decision of the contents. In no event we are not be liable for any damages whatsoever arising out of the use of or reliance on the contents of this newsletter. This Newsletter is for private circulation purpose only.
Disclaimer: This newsletter is prepared by G.V. and Associates, Company Secretaries & Advisory Solutionz (P) Ltd. for knowledge sharing and compliance awareness. It does not constitute legal opinion or formal advisory.