Regulatory Radar
For CAs and compliance professionals in India.
Confused about the purpose of this newsletter? Click here.CBIC clarifies departmental GSTAT appeals in common-adjudication cases
CBIC has clarified how the department should file GSTAT appeals when a Common Adjudicating Authority passed the original order in a DGGI matter. The update is relevant to taxpayers and advisers handling affected GST disputes.
- Who should examine this
- Illustrative example only — Taxpayers, advocates and GST advisers handling affected DGGI appeals
- Recommended next step
- Identify open common-adjudication matters and verify the appeal forum, limitation position and case tracker.
GSTN publishes FAQs on the Ship-to field and voluntary e-Way Bill closure
GSTN has released operational FAQs covering mandatory capture of the Ship-to field and voluntary closure of e-Way Bills. Businesses using automated e-invoice and dispatch workflows should check whether their ERP mapping needs adjustment.
- Who should examine this
- Illustrative example only — Businesses generating e-invoices or e-Way Bills and their GST advisers
- Recommended next step
- Test Ship-to master data and e-Way Bill closure controls before the revised portal workflow is used in production.
CBDT notifies Form ITR-BN for search and requisition cases
CBDT has notified the Income-tax (Third Amendment) Rules, 2026, introducing Form ITR-BN and an Appendix IV framework for returns connected with search and requisition cases.
- Who should examine this
- Illustrative example only — Taxpayers and advisers handling income-tax search or requisition proceedings
- Recommended next step
- Add Form ITR-BN to the relevant case workflow and review the prescribed information against active matters.
FSSAI issues direction on labelling Coffee–Chicory Mixtures
FSSAI has issued a direction linked to the amended labelling requirements for Coffee–Chicory Mixtures. Food businesses dealing in these products should review labels, packaging approvals and inventory in circulation.
- Who should examine this
- Illustrative example only — Coffee manufacturers, importers, brand owners and food-compliance teams
- Recommended next step
- Review product artwork and packaging inventory against the official labelling direction before the next print run.
DGFT aligns Schedule II export policy with the Finance Act, 2026
DGFT has harmonised Schedule II of ITC (HS) 2022 with the Finance Act, 2026. Exporters should re-check product classifications and policy conditions before relying on existing compliance matrices.
- Who should examine this
- Illustrative example only — Exporters, customs teams and advisers maintaining ITC (HS) policy mappings
- Recommended next step
- Reconcile exported product codes with the revised Schedule II and update trade-compliance masters.
RBI consolidates Special Rupee Vostro Account rules for INR trade settlement
The RBI has brought five earlier instructions into one framework for banks settling international trade in Indian rupees. Exporters and importers using INR settlement should align their banking documentation with the consolidated rules.
- Who should examine this
- Illustrative example only — Exporters, importers and authorised dealer banks using INR settlement
- Recommended next step
- Review active INR trade-settlement arrangements and replace references to superseded circulars in client checklists.
Urban Co-operative Banks: revised NPA and provisioning norms take effect
The amended IRACP framework changes how Urban Co-operative Banks recognise income, classify stressed assets and calculate provisions. The changes are targeted; ordinary corporate clients are not affected.
- Who should examine this
- Illustrative example only — Urban Co-operative Banks, their auditors and finance teams
- Recommended next step
- Re-check NPA classification timelines and provisioning matrices before the next reporting close.
SEBI sets certification rules for distributors of Specialized Investment Funds
People distributing Specialized Investment Funds must hold the prescribed NISM certification before selling the product. AMCs and wealth managers should verify staff eligibility before onboarding SIF clients.
- Who should examine this
- Illustrative example only — AMCs, SIF distributors, wealth managers and RIAs
- Recommended next step
- Create a staff certification register and block SIF distribution until the required credential is verified.
Transmission of securities gets a simpler, standard document set
SEBI has harmonised how securities pass to nominees and legal heirs, reducing documentation differences across intermediaries.
- Who should examine this
- Illustrative example only — RTAs, depositories, listed companies and succession advisers
- Recommended next step
- Update transmission SOPs and client document checklists to the standardised requirements.
Move from general to client-specific
Get your Personalized Radar
Your Personalized Radar checks every new circular against the client profiles you save—entity type, sector, registrations, turnover, state and listed status. It tells you exactly which clients are affected, why the circular applies, the relevant deadline and the next action to take. That means you review a client-specific compliance list instead of every update from every regulator.
Try Personalized Radar free for 7 days 9 circulars shown in this edition.