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Daily Newsletter - February 3, 2025

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Latest additions to CAalley:

News Update:

Indian News

Budget 2025 News

International News

Exposure Draft:

SEBI Draft

Legal Updates:

GST

IBBI

IRDAI

Customs

 


  

News Update:

Indian News:

India set for electronics boost amid Trump's tariffs on Chinese imports

Drafting uniform toll policy to ease travel on National Highways: Gadkari

India's rating upgrade a challenge as debt woes trump fiscal prudence, says Fitch

Income Tax dept not an adversarial entity, but participative: CBDT chief

'Tax assessee’s word is final for us... trust is what we want': FM Nirmala Sitharaman

There is no plan to phase out old tax regime: CBDT Chairman Ravi Agrawal

Revised Customs duty now closer to Asean average: CBIC Chairman Agarwal

India reviewing crypto stance amid shifting global regulatory landscape

Rupee not depreciating against any currency other than $: FM Sitharaman

"CAs can't be just number crunchers, they should act as ethical guardians": Rajnath Singh

Sebi proposes unique UPI address for payment collection to weed out unregistered entities

Sebi voices concern about 'Greenwashing' by corporates

Sebi asks exchanges to develop web-portal to monitor stock brokers' system audit

 

Budget 2025 News:

GST rules for credit notes tightened to stop leakage

Obsolete GST norms on gift coupons deleted

Budget 2025 focuses on ease of doing biz, promotes manufacturing: ICAI

Crypto income: Budget 2025 tightens crypto transaction monitoring, other tax norms

Budget proposes GST amendment: Track and Trace Mechanism to prevent evasion

Govt to rationalise procedures for speedy company mergers

Govt to share selected data, maps from PM Gati Shakti with pvt sector: FM

 

International News:

New ICAEW Code of Ethics explained: role and mindset


Exposure Draft:

SEBI Draft:

Consultation paper on draft circular for “Safe and Efficient Transfers on UPI”
[Last date for Comments: February 21, 2025] 


Legal Updates:

GST:

Information received from Ministry of Civil Aviation (MoCA) with respect to Gazette notification No. 08/2024 - Integrated Tax (Rate) dated 08.10.2024 notified by Department of Revenue

 

IBBI:

IBBI (Liquidation Process) (Amendment) Regulations, 2025

IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2025

IBBI (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2025

IBBI (Inspection and Investigation) (Amendment) Regulations, 2025

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2025

 

IRDAI:

Review of Premium Rates under Health Insurance Policies for Senior Citizens

 

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.6(NT)]


  

  

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