Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

GST Forms - Offline Utilities


ICAI Exposure Draft

FASB Exposure Draft

IRDA Exposure Draft

Legal Updates

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


Indian News:

Insurers face tighter norms on capital adequacy, risk

New industrial policy in few months, says Suresh Prabhu

Mutual Funds to soon trade in commodity derivatives, says Amfi

Vodafone to consolidate two international arbitrations if India agrees

Budget 2018: Middle class can hope for tax relief

Budget 2018: One single ITR form can replace all forms, here is what Modi government should do

Man gets one-yr jail for not paying income tax on time

Centre notifies Companies (Amendment) Act, 2017

Govt extends deadline for linking Aadhaar with saving schemes to March 31

Bitcoin investors look to set off gains against other trading losses

Government, RBI unlikely to give nod to Sebi's 'loan default disclosure' proposal

Wilful defaulters form 14% of PSB bad loans

I-T Dept scrutinises farm income claims by seed firms

Income tax dept relaxes norms for MAT on firms facing insolvency

Resilience of banking system being tested: Jaitley

Budget 2018: Here is why Modi government should make PAN card chip enabled

Electronic platform must for pvt debt issues of Rs 200 crore: Sebi

Govt warns action against all involved in chitfund scams

GST raids in Mumbai on angadias carrying diamonds, gold

Bitcoin Exchanges seeking clarity over levy of GST

Union Budget on February 1

Bill introduced in Lok Sabha to create a new arbitration institution

7.75% savings bonds to be available from Jan 10: FinMin

ICAI told to give monthly reports on CAs

Govt imposes anti-dumping duty on 98 items imported from China

FPIs avoiding taxes by treating capital gains from NCDs as interest income

CBI arrests income tax officer for bribery

Sebi may bar advisors from selling financial products

FRDI: Deposit insurance may need to rise up to Rs 15 lakh to cover at least 90% of FDs

Sebi working with FinMin on new framework on algorithm trading

SEBI to appoint full-time chief vigilance officer


International News:

FASB proposes tweaks to leasing standard


GST Forms - Offline Utilities:



FAQs on GST as on 01-01-2018


ICAI Exposure Draft:

Amendments to Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance
[Last date for comments: January 24, 2018]


FASB Exposure Draft:

Proposed Accounting Standards Update
Leases (Topic 842) - Targeted Improvements

[Last date for comments: February 5, 2018]


IRDA Exposure Draft:

IRDAI (Reinsurance) Regulations, 2018
[Last date for comments: 20th January, 2018 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it.]


Legal Updates

Income Tax:

Relaxation in the provisions relating to levy of MAT in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 [Press Release]

The Electoral Bonds Scheme, 2018

TDS from Salaries u/s 192 [Circular No.29]



Clarifications regarding GST on College Hostel Mess Fees [Circular No.28]

Clarifications regarding levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc. [Circular No.27]

Compilation of 51 GST Flyers [Updated as on 1st January, 2018]



The Companies (Amendment) Act, 2017



CBDT relaxes MAT provisions for companies facing Insolvency

The Companies (Amendment) Act, 2017- amends section 53 of the Companies Act, 2013

Insolvency professional to use Registration Number and Registered Address in all his communications

Insolvency professional to ensure compliance with provisions of the applicable laws

Insolvency professional not to outsource his responsibilities



Margin provisions for intra-day crystallised losses

Electronic book mechanism for issuance of securities on private placement basis

Benchmarking of Scheme’s performance to Total Return Index

Circular on Schemes of Arrangement by Listed Entities and (ii) Relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957

Transaction Charges by Commodity Derivatives Exchanges



7.75% Savings (Taxable) Bonds, 2018 - Amendments

Master Direction – Foreign Investment in India

XBRL Returns – Harmonization of Banking Statistics

Refinancing of External Commercial Borrowings

Submission of Financial Information to Information Utilities

7.75% Savings (Taxable) Bonds, 2018



Certificate of Origin of Goods for European Union Generalised System of Preferences (EU-GSP) - Modification of the system as of 1st January, 2017 [Public Notice No.51]



Seeks to amend notification 50/2017-Customs dated 30.06.2017 so as to exclude petroleum coke from the purview of concessional 5% Basic Customs Duty [No.2]

Seeks to amend notification No. 82/2017-Customs dated 27.10.2018 to amend the effective rate of customs duty of tariff item 6001 9200 [No.1]

Amendment to notification no. 12/97-Customs (NT) dated 2nd April, 1997 [No.2(NT)]

Exchange Rates w.e.f. January 5, 2018 [No.1(NT)]