Daily Newsletter - August 28, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

CA's Referencer

International Content [New addition]

Exposure Drafts:

SEBI Drafts

Legal Updates:

GST

Customs

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News Update:

Indian News:

Hindenburg case: Sebi probe faults Adani group on disclosure rules

Sebi notifies stricter delisting rules for non-convertible debt securities

After new directives, Income Tax department may reopen a large number of past cases

ITAT nixes additional tax demand on firm for deposits during demonetisation

If you submitted Form 60 instead of PAN earlier, Income Tax Dept now wants you to get a PAN

Six foreign tours companies under tax scanner

NFRA to list out frequent lapses to alert auditors, managements

Govt unlikely to infuse capital in PSU general insurers in FY24: Official

I-T dept unveils revamped website for enhanced taxpayer experience

Govt to take up with RBI penal charges imposed by bank

Centre considers raising retirement age for public sector bank heads, MDs

NFRA may approach SC over power to probe pre 2018 cases

NHRC wants Irdai to ensure insurers offer health products to disabled

  

International News:

China’s economic slump is sounding alarm bells across the world

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Reference Section:

CA's Referencer:

NFRA Circular: Statutory Auditors’ Responsibilities in relation to Fraud in a Company

NFRA: Audit Quality Inspection Guidelines

Non-Accrual of interest on borrowings by the companies in violation of Indian Accounting Standards

  

International Content:

International Financial Reporting Standards (IFRS)

IFRS Sustainability Disclosure Standards

IFAC Reference Materials

IAASB Reference Materials

FASB Reference Materials

IESB Reference Materials

IPSASB Reference Materials

PCAOB Reference Materials

FRC Reference Materials

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Exposure Drafts:

SEBI Drafts:

Consultation Paper on mechanism for fee collection by SEBI registered Investment Advisers and Research Analysts
[Last date for Comments: September 15, 2023] 

Consultation Paper on Association of SEBI Registered Intermediaries/Regulated Entities with Unregistered Entities (including Finfluencers)
[Last date for Comments: September 15, 2023] 

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Legal Updates:

GST:

Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication

Seeks to extend the due date for furnishing FORM GSTR-7 for April, May, June and July , 2023 for registered persons whose principal place of business is in the State of Manipur [CGST Notification No.44]

Seeks to extend the due date for furnishing FORM GSTR-3B for quarter ending June, 2023 for registered persons whose principal place of business is in the State of Manipur [CGST Notification No.43]

Seeks to extend the due date for furnishing FORM GSTR-3B for April, May, June and July , 2023 for registered persons whose principal place of business is in the State of Manipur [CGST Notification No.42]

Seeks to extend the due date for furnishing FORM GSTR-1 for April, May, June and July, 2023 for registered persons whose principal place of business is in the State of Manipur [CGST Notification No.41]

  

Customs:

Exchange Rate Notification No. 62/2023-Cus (NT) dated 25.08.2023 [Notification No.62(NT)]

Seeks to amend notification No. 55/2022-Customs dated 31.10.2022, to provide conditional exemption on certain variety of rice [Notification No.50]

Seeks to levy export duty on parboiled rice by including it in 2nd Schedule of Customs Tariff Act [Notification No.49]

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