In a landmark legislative move, India has replaced its 169-year-old,…

Effective July 1, 2025, India introduced major financial and compliance reforms spanning taxation, banking, and railways. Key changes include irreversible GST filings with a three-year filing cap, launch of a second e-way bill portal, and mandatory Aadhaar for new PAN applications. The ITR deadline for AY 2025–26 is extended to September 15, 2025. Banks revised credit card and ATM fees, while Indian Railways hiked fares and made Aadhaar authentication compulsory for Tatkal bookings. These measures aim to boost digital transparency and regulatory discipline, urging businesses and individuals to adopt stricter compliance and timely updates.