Daily Newsletter - July 15, 2024

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Latest additions to CAalley:

Indian News

Useful Forms:

ITR eFiling Utilities

From the ICAI:

ICAI Guidance Note

Legal Updates:

GST

MCA

SEBI

Customs

 

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News Update:

Indian News:

Irdai may consider implementing risk-based supervision model: Keki Mistry

Increasing TDS/TCS entries irk taxpayers

Govt proposes mandatory labelling for bulk pre-packaged commodities

Tax authorities bowl a GST googly to AIFs

ICAI to establish Section 8 company for mediation, arbitration activities

CBIC issues fresh norm for recovery of GST dues

Can improve recovery rate under IBC to 40%: IBBI chairperson to RPs

CCI antitrust probe finds Apple abused position in apps market: Report

Sebi recognises BSE as supervisory body for research analysts, investment advisers

Audit panels of companies should step up engagement with auditors: NFRA chief Ajay Bhushan Prasad Pandey

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Useful Forms:

ITR eFiling Utilities:

The following ITR eFiling utilities have been updated:

Common Offline Utility (ITR 1 to ITR 4)
Windows Utility
MAC Utility

ITR 4 Excel Utility

ITR 5 Excel Utility

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From the ICAI:

ICAI Guidance Note:

Guidance Note on Reports of Audit under Section 12A/10(23C) of the Income-tax Act, 1961
[Published in July 2024]

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Legal Updates:

GST:

Refund of additional IGST paid on account of upward revision in prices of goods subsequent to exports

 

MCA:

The Companies (Management and Administration) Amendment Rules, 2024

The Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Amendment Order, 2024

The Companies (Significant Beneficial Owners) Amendment Rules, 2024

 

SEBI:

Recognition of BSE Limited as Research Analyst Administration and Supervisory Body (RAASB) and Investment Adviser Administration and Supervisory Body (IAASB)

 

Customs:

Seeks to amend notification No. 50/2017-Customs to give effect to the recommendation of the 53rd GST Council meeting [Notification No.28]

Seeks to provide exemption from Compensation Cess leviable on imports by SEZ unit or developer for authorised operations [Notification No.27]

Seeks to amend notification No. 14/2020-Customs (ADD) dated 9th June, 2020 in order to change the name of the producer viz. “ Shell Eastern Petroleum (Pte) Ltd ” to “Shell Singapore Pte. Ltd.”, in pursuance of DGTR recommendation [Notification No.14(ADD)]

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