Daily Newsletter - January 13, 2025

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Latest additions to CAalley:

News Update:

Indian News

Exposure Draft:

SEBI Draft

FAQs:

SEBI FAQs

CA's Referencer:

NFRA

Legal Updates:

GST

MCA

SEBI

IRDAI

 

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News Update:

Indian News:

GST registered suppliers must take note of these new changes made in GSTR-1 from January 2025

NFRA plans 7 papers to strengthen the audit standards

Ahead of Feb policy, RBI guv Sanjay Malhotra to meet bank chiefs this week

Press Release: IRDAI further strengthens the Regulatory framework

Gujarat CAs go global: Dubai emerges as top spot for tax and compliance ventures

CA seeks police protection amid allegations of multi-crore Torres jewellery fraud case

NFRA wants audit panels of companies to ask auditors tough questions

IBBI mandates eBKray auction platform for selling assets under liquidation

Sebi proposes increasing threshold for granular disclosures by FPIs

NFRA looks to enhance communication between auditors and audit panels

Mandatory for banks to offer fixed interest rate product: RBI's FAQs

Work-life balance essential, not optional: Industry leaders on L&T chief's remarks

GSTN launches online rectification for pending ITC claims from 2017-2021

Angel tax removal helped reverse flipping, startup funding $155 bln in 2024: DPIIT

Govt extends monthly GST return, payment deadline due to snag in system

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Exposure Draft:

SEBI Draft:

Consultation paper on proposal to increase the size criteria (set to guard against potential circumvention of Press Note 3 stipulations) in the additional disclosure framework
[Last date for Comments: January 31, 2025] 

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FAQs:

SEBI FAQs:

Clarifications on Insider Trading - Comprehensive FAQs on SEBI (PIT) Regulations, 2015

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CA's Referencer:

NFRA:

NFRA Auditor-Audit Committee Interaction Series 1 –
Accounting Estimates - Expected Credit Losses
[Publish ed on January 10, 2025]

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Legal Updates:

GST:

Seeks to extend the due date for furnishing FORM GSTR-8 for the month of December, 2024 [CGST Notification No.6]

Seeks to extend the due date for furnishing FORM GSTR-7 for the month of December, 2024 [CGST Notification No.5]

Seeks to extend the due date for furnishing FORM GSTR-6 for the month of December, 2024 [CGST Notification No.4]

Seeks to extend the due date for furnishing FORM GSTR-5 for the month of December, 2024 [CGST Notification No.3]

Seeks to extend the due date for furnishing FORM GSTR-3B for the month of December, 2024 and the quarter of October to December, 2024, as the case may be [CGST Notification No.2]

Seeks to extend the due date for furnishing FORM GSTR-1 for the month of December, 2024 and the quarter of October to December, 2024, as the case may be [CGST Notification No.1]

 

MCA:

Application for Empanelment of Chartered Accountants for the Office of The Official Liquidator, High Court of Gujarat

 

SEBI:

Circular on Revise and Revamp Nomination Facilities in the Indian Securities Market

Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty

 

IRDAI:

IRDAI (Re-insurance Advisory Committee) (Amendment) Regulations, 2025

IRDAI(Meetings)(Amendment) Regulations,2025

IRDAI(Insurance Advisory Committee) (Amendment) Regulations, 2025

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