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Daily Newsletter - June 16, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

CA's Referencer

Legal Updates:

Income Tax

GST

IBBI

SEBI

Customs


  

News Update:

Indian News:

Sebi notifies disclosure norms; top 100 listed firms to confirm or deny market rumour from Oct 1

Shell cos to fake invoice: How firms trying to evade GST are getting caught

Banks ask RBI to frame policy for silver loans

Wilful defaulters may get loan after five years of compromise settlement

GST Council to meet next in Delhi on July 11

I-T dept sends queries to NRIs about big, unexplained transactions

How Sebi’s 'execution only platforms' for MFs remove regulatory grey area

CAG to explore new audit areas as it adopts end-to-end digital framework

CBIC to assign risk rating to GST applications, taxmen to verify documents

SAT stays IRDAI order transferring Sahara Life business to SBI Life

  

International News:

India pitches for a rating upgrade with Moody's, questions methodology

Accounting Firms Scramble to Push Out AI Acceptable Use Policies

ECB raises rates to 22-year high, in no mood to pause


Reference Section:

CA's Referencer:

Utility for Determining Materiality

Background Material on GST - Volume 1 [Issued by ICAI - April 2023 edition]

Background Material on GST - Volume 2 [Issued by ICAI - April 2023 edition]

Saransh - Last Mile Referencer for Accounting

Measuring Cost of Regulation (CoR) in India [Issued by DPIIT in April 2023]

Model Tripartite Agreement between the Issuer Company, Existing Share Transfer Agent and New Share Transfer Agent


Legal Updates:

Income Tax:

Further amendments to Notification No.S.O.359 dated 30th March, 1988 - Amendments to give effect to the e-Appeals Scheme, 2023 [No.41]

Income Tax Authorities assigned to give effect to the e-Appeals Scheme, 2023 [No.40]

  

GST:

Advisory: Update on Enablement Status for Taxpayers for e-Invoicing’

  

IBBI:

Notification under Section 14(3)(a) of IBC for contracts under Oilfields (Regulation and Development) Act, 1948

  

SEBI:

Master Circular for Investment Advisers

Master Circular for Research Analysts

SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023

  

Customs:

Simplified regulatory framework for e-commerce exports of Jewellery through Courier mode [Circular No.17]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.45(NT)]

Exchange Rate Notification dated 15.06.2023 [No.44(NT)]

Courier Imports and Exports (Electronic Declaration and Processing) (Second Amendment) Regulations, 2023 [No.43(NT)]

Seeks to further amend 48/2021-Customs dated 14.06.2023 to reduce BCD on Refined Soya Bean Oil and Refined Sunflower oil to 12.5% [No.39]


 

 

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