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Cred gets In-Principle Approval for Payment Aggregation Services from RBI
Fintech startup Cred recently secured preliminary approval from the Reserve Bank of India ( RBI ) for its payment aggregation ( PA ) business, a...
GST Anti-Profiteering Provision under Challenge: Supreme Court issues Notice to CBIC, NAA and GST Council
The Supreme Court has issued notices to various entities, including the central government, the Central Board of Indirect Taxes and Customs ( CBIC ), the Goods and Services ( GST ) Council, and the...
RBI to disallow Entities other than Credit and Debit Card issuers and Networks from Storing Transaction Data from August 2025
On Tuesday, the Reserve Bank of India issued a directive instructing all payment aggregators to conduct thorough due diligence of merchants according to RBI's standards, aiming to regulate the...
Traders challenge Section 43B(h) Income Tax Act before Supreme Court against MSME Delayed Payment Clause [Read Order]
The Federation of All India Vyapar Mandal has filed a petition in the Supreme Court challenging Section 43B(h) of the Income Tax Act. This new provision, introduced under the Finance Act 2022,...
![Traders challenge Section 43B(h) Income Tax Act before Supreme Court against MSME Delayed Payment Clause [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Income-Tax-Supreme-Court-MSME-Delayed-Payment-Clause-MSME-TAXSCAN.jpg "Traders challenge Section 43B(h) Income Tax Act before Supreme Court against MSME Delayed Payment Clause [Read Order]")
