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Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

MCA eForms

Legal Updates

  • Income Tax
  • GST
  • MCA
  • SEBI
  • IRDA
  • RBI
  • Customs
  • DGFT

 


Indian News:

Insolvency code: To get its pound,CBDT to strengthen presence before Tribunals

Pass GST cut benefits to consumers or face action: Sushil Modi to traders

300 per cent jump in PAN applications post note ban: CBDT

GST under revenue department

Banks need clarity on default disclosure : Sebi

Arun Jaitley rules out single GST rate

Finance Ministry directs PSU banks to deal swiftly with burgeoning NPAs

RBI questions dealings under liberalised remittance scheme on laundering suspicion

GST: Bid to reach out to non-filers

Govt may amend law to let Sebi act against unlisted units

Next step in GST recast: Lower end of tax slabs

Jaitley promises more capital for PSBs in Budget

GST rates of more goods may be re-jigged

P-note investments hit 8-year low of Rs 1,23,000 cr over Sebi norms

Stockbrokers ask govt to reduce STT, abolish dividend tax

Cabinet okays double taxation avoidance pact with Hong Kong

Most names on RBI's second list to land in NCLT: SBI chief Rajnish Kumar

Good news for GST assessees as Council gives more time to file returns

GST Council meet: FMCG companies hail tax reduction, say will pass benefits to consumer

GST Council relaxes return filing norms, slashes late fee

Businesses can revise GST transition claim form now

GST rejig:Tax rate on 178 daily items reduced, eating out set to become cheaper

Only 6.47 percent of income tax assessees issued scrutiny notices opt for e-assessment in Gujarat

Reserve Bank of India asks NBFCs not to use coercion during loan recovery Mumbai

Delhi HC upholds ICDS validity but strikes down key provisions

Irda makes Aadhaar mandatory for insurance policies

To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already

Submit net worth certificates by Nov 30: BSE to traders

Sebi mulls 'out of the box' approach for effective corporate governance

Centre looking at bringing realty, power under GST

GST Council to look at 5% rate on job work for all sectors

Government may consider relaxing rules to attract global fund managers to operate from India

Paradise Papers: Tax authorities were already investigating some of the offshore accounts

 

International News:

Audit fee increases don’t lead to better audit quality, says study

PCAOB identifies 3 areas with most frequent 2016 audit issues

Global regulators want to limit accountants' say on audit rules

Many banks unprepared for FASB's new credit loss standard

 


MCA eForms:

Updated on November 8, 2017

 


Legal Updates

Income Tax:

Issue regarding representation before the benches of National Company Law Tribunal (NCLT)

Lodging of tax arrear claim in respect of corporate cases filed under IBC-2016 before NCLTs

Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961 [Circular No.28]

 

GST:

Changes recommended in Composition Scheme [Press Release]

GST Rate on certain goods - Recommendations & Clarifications
[As per discussions in the 23rd GST Council Meeting held on 10th November, 2017]

Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017

 

MCA:

The Companies (Accounts) Amendment Rules, 2017

The Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2017

 

SEBI:

SEBI (International Financial Services Centres) Guidelines, 2015 – Amendments

 

IRDA:

The Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017

 

RBI:

Statement on Developmental and Regulatory Policies - October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons

Risk Management and Inter-Bank Dealings – Simplified Hedging Facility

Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017

 

Customs:

Exchange Rates Notification No.108/2017-Custom(NT) dated 14.11.2017 [No.108(NT)]

Procedure Regarding Appeal At A Higher Fora After Dept Has Lost In Two Previous Stages [Instruction No.17]

Refund of IGST paid on export of goods under rule 96 of CGST Rules, 2017 [Circular No.42]

Exchange Rates Notification No.107/2017-Custom(NT) dated 09.11.2017 [No.107(NT)]

Seek to increase rate of basic customs duty on Peas and Wheat [No.84]

Exchange Rates Notification No.106/2017-Custom(NT) dated 8.11.2017 [No.106(NT)]

Exchange Rates Notification No.105/2017-Custom(NT) dated 7.11.2017 [No.105(NT)]

Exchange Rates Notification No.104/2017-Custom(NT) dated 6.11.2017 [No.104(NT)]

 

DGFT:

Amendment in Paras 2.20, 2.21 and 2.22 of the Handbook of Procedure (2015-20) [Public Notice No.38]