Mandatory Filing of IEPF-1A with Excel Template under Rule 5(4A) of IEPF Rules, 2016
The Investor Education and Protection Fund Authority (IEPFA) had earlier amended the IEPF Rules via Notification G.S.R. 571(E) dated August 14, 2019, effective from August 20, 2019. This amendment inserted Rule 5(4A), which mandates companies that had transferred amounts under clauses (a) to (d) of Section 205C of the Companies Act, 1956 — or filed IEPF-1 under Section 125(2)(a)–(n) of the Companies Act, 2013 — to file the relevant details in Form IEPF-1A along with the prescribed Excel template, if such statements were earlier submitted in formats other than the mandated one.
FSSAI Mandates Display of ‘Food Safety Connect’ App QR Code at Food Premises
As per the press release, all FBOs including restaurants, cafes, dhabas, and similar establishments must display their FSSAI licence or registration certificate with the QR code of the ‘Food Safety Connect’ app in customer-accessible areas such as entrances, billing counters, or seating zones
Time Limit Extended for Processing Erroneously Invalidated ITRs By CPC
The Central Processing Centre (CPC), Bengaluru, had mistakenly invalidated several electronically filed income-tax returns (ITRs) for various assessment years due to technical issues. These cases had already crossed the statutory time limits for processing, including the deadline of December 31, 2024, for AY 2023–24.
Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector
Reserve Bank of India (RBI) periodically issues directions to streamline and strengthen credit flow to the Micro, Small and Medium Enterprises (MSME) sector.
Acceptance of Electronic Bank Guarantees (e-BG) by Customs via NeSL
This circular supersedes NeSL’s earlier communication (No. NeSL/DDE/2025/0202 dated July 8, 2025) and introduces revised instructions for the use of electronic Bank Guarantees (e-BGs)
CBIC Clarifies Correlation Norms for Inputs under DFIA Scheme
Trade bodies had raised concerns over delays in clearing DFIA imports due to insistence by Customs authorities
Environment (Protection) Fifth Amendment Rules, 2025
Environment (Protection) Fifth Amendment Rules, 2025
Extension of Last Date for Application to Export Pharma Grade Sugar
Trade Notice No. 06/2025-26, dated June 18, 2025, was issued by the Directorate General of Foreign Trade (DGFT) to invite applications for export authorisation of Pharma Grade Sugar under a restricted export category. The notice allowed a one-time export quota of 25,000 MT specifically for bona fide pharmaceutical manufacturers.
Mandatory Accurate Reporting of Gross Wages in ECR for ELI Scheme
To ensure that only eligible employees—those earning gross wages not exceeding ₹1,00,000—receive benefits under the Employment Linked Incentive (ELI) Scheme, employers are now required to accurately report gross wages in the Electronic Challan-cum-Return (ECR).
Advisory w.r.t GSTR-3A Notices issued for non-filing of GSTR-4 to cancelled Composition Taxpayers
The issue is currently being reviewed, and the GSTN technical team is working to fix the system glitch.