Daily Newsletter - August 21, 2023
Latest additions to CAalley:
News Update:
From the ICAI:
Legal Updates:
News Update:
Delhi HC seeks govt's stand on plea against inclusion of CAs under PMLA
Small GST taxpayers need to keep tabs on demand notices
In AI age, India Inc gets young on board as independent directors
GST reward scheme on anvil; customers can participate in lucky draw
Sebi plans to bring follow-on offer rules for REITs, InvITs
For many fintechs, NBFC tag may be elusive
Income Tax dept operationalises board for Advance Rulings in Delhi, Mumbai
CBDT notifies rules for valuing rent-free homes provided by employers
NFRA Chair says if CFOs and audit committees are careful, frauds can be prevented
Sebi notifies rules to strengthen investor grievance redressal mechanism
Sebi notifies rule; gives board representation to REITs' unitholders
Companies will need to give report on inventory valuation in case of audit
US regulators raise pressure on board members at competing companies
PCAOB permanently bars CPA firm
FASB to revisit accounting priorities
From the ICAI:
ICAI Announcement: Amendments to Preface to Auditing Standards and Clarification thereof
Legal Updates:
The Integrated Goods and Services Tax (Amendment) Act, 2023
The Central Goods and Services Tax (Amendment) Act, 2023
Amendment in export policy of Non- Basmati White Rice (HS Code 1006 30 90) [Trade Notice No.23]