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Daily Newsletter - August 21, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

From the ICAI:

ICAI Announcement

Legal Updates:

Income Tax

GST

Customs

DGFT


  

News Update:

Indian News:

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

Finfluencers Must Disclose Sebi Registration Number, Qualifications On Social Media And Other Platforms: ASCI

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

  

International News:

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:

ICAI Announcement: Amendments to Preface to Auditing Standards and Clarification thereof


Legal Updates:

Income Tax:

CBDT Press Release: Summary of Rule for determination of value of perquisite in respect of residential accommodation provided by employer

  

GST:

The Integrated Goods and Services Tax (Amendment) Act, 2023

The Central Goods and Services Tax (Amendment) Act, 2023

  

Customs:

Seeks to prescribe an effective export duty of 40% on onions till 31st December 2023 [Notification No.48]

Seeks to amend Second Schedule to the Customs Tariff Act to prescribe export duty on onions [Notification No.47]

  

DGFT:

Amendment in export policy of Non- Basmati White Rice (HS Code 1006 30 90) [Trade Notice No.23]


 

 

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