Daily Newsletter - July 12, 2023
Latest additions to CAalley:
News Update:
Acts & Regulations:
Legal Updates:
News Update:
Global accounting firms set up shop in India's smaller cities
GST Council asserts mere holding of shares in subsidiaries exempt from tax
Checking fraud: Government to tighten GST registrations
RBI seeks to push e-rupee payments using UPI infra
Sebi to SC: Difficult to identify natural persons in FPIs under old rules
Cinema industry welcomes cutting GST rates on food served in movie theatres
GST Council decides to levy uniform taxation for utility vehicles
Prices of SUVs and MPVs to go up 2% following the GST cess increase
Press Release - 50th GST Council Meeting
RBI governor asks banks to remain extra careful, focus on governance
GST Council agrees to levy 28% tax on online gaming on full face value
GST Council: Oppn-ruled states raise concern over ED sharing info with GSTN
Aadhaar-PAN Link: PANs of 10 crore NRIs made inactive? Income Tax Dept responds to false claim
Multi-crore GST scam: Three more held, total arrests 18
Resolve MCA-21 issues, government tells LTI Mindtree
SMEs have to wake up to the need to make cybersecurity a top priority
Resignation does not absolve Auditor of onus of reporting fraud: NFRA
‘ICAI to soon finish financial statement review of 101 firms’
FRC issues amendments to FRS 102 and FRS 101
US: The Accountant Shortage Is Showing Up in Financial Statements
KPMG (UK): Just 7% of auditors’ tasks open to generative AI
Acts & Regulations:
Master Circular for ESG Rating Providers (ERPs) [Issued on July 12, 2023]
Master circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities [Issued on July 11, 2023]
Legal Updates:
BRSR Core - Framework for assurance and ESG disclosures for value chain
