Daily Newsletter - July 7, 2023
Latest additions to CAalley:
News Update:
Exposure Draft:
Reference Section:
From the ICAI:
Legal Updates:
News Update:
ITR filing 2023: Reporting rule for Provident Fund income on contributions over Rs 2.5 lakh
SEBI amends rules to streamline disclosure framework for issuers of debt securities
A quarter of 69,000 suspected GST accounts fake, reveals CBIC drive
SEBI to HC: Won't insist on 15 day compliance in 'fit and proper person' rule
Insist on invoice while making payments, says GST official
PSBs should follow transparent NPA recognition norms, pursue risk mgmt: FM
Companies play catch-up as cybersecurity attacks rise in digital India
CBDT to keep close tabs on IVF clinics, hotels, others to add new filers
Over 4,900 fake GST registrations cancelled since May 16
India's central-bank working group proposes steps to broaden rupee's global reach
Taxpayers will have 3 months to move GST Appellate Tribunal after it's formed, says Bombay HC
GST Council likely to define MUVs and XUVs for levy of 22% cess: Report
Govt. mulls rating firms on GST compliance
RBI cancels licenses of two co-operative banks in Maharashtra, Karnataka
GST Council to discuss tax valuation norms on online gaming on July 11
RBI issues draft circular on issuance of debit, credit, prepaid cards
FRC inspections show continued improvement at largest audit firms
US audit fees that lag inflation squeeze accountants
Exposure Draft:
Consultation Paper on mandating FPIs to route a specific percentage of certain transactions in secondary market trades through Request for Quote (RFQ) platform of stock exchanges
[Last date for Comments: July 26, 2023]
Reference Section:
Accounting Standards (AS) : Disclosures Checklist
[Revised in October, 2022]
Accounting Standards: Quick Referencer for Micro Non-Company Entities
[Issued in May 2021]
From the ICAI:
New Addition: ICAI Implementation Guides
Legal Updates:
Corrigenda to Circular No. 10 (Regarding TCS on LRS) [Circular No.11]
Important Update: Geocoding Functionality Now Live for All States and Union Territories
Regulatory Framework for Sponsors of a Mutual Fund
Master Circular for Infrastructure Investment Trusts (InvITs)
Master Circular for Real Estate Investment Trusts (REITs)
Master Circular for Debenture Trustees
Exchange Rate Notification No.50/2023-Cus (NT) dated 06.07.2023 [No.50(NT)]
Implementation under India-Japan CEPA [Instruction No.19]
