Daily Newsletter - June 21, 2023

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Latest additions to CAalley:

News Update:

Indian News

Reference Section:

CA's Referencer

Legal Updates:

GST

IBBI

RBI

SEBI

IRDAI

DGFT

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News Update:

Indian News:

Centre mulls tweaks in NPS to offer assured base pensions to govt employees

Wilful defaulter norms in place since 2007: RBI

How savvy shoppers undermined India's great cash swap

Sebi bans 6 entities from securities markets for violating insider trading norms

Target-based incentives to attract 18% GST: AAR

Compromise settlement provides ways to lenders to recover lost money: RBI

6 years of GST: 88% MSMEs see reduced cost of goods and services, says Deloitte survey

MCA plans to further intensify crackdown on shell companies: Report

SBI MD Swaminathan Janakiraman appointed as RBI's deputy governor

TCS levy: Credit card users may have to declare forex transactions to banks

Sebi bars IIFL Securities from taking new business for 2 years

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Reference Section:

CA's Referencer:

TDS Rates - For AY 2024-25

Tax rates as per IT Act vis a vis Tax Treaties

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Legal Updates:

GST:

Due Date extension notifications for April and May 2023 for GSTR 1, 3B and 7 for the State of Manipur

  

IBBI:

Application to initiate corporate insolvency resolution process under sections 7 or 9 of the Insolvency and Bankruptcy Code, 2016, along with record of the default issued by the Information Utility [Circular No. IBBI/IU/59/2023]

  

RBI:

FAQs on Framework for Compromise Settlements and Technical Write-offs

  

SEBI:

Circular - Trading Preferences by Clients

Master Circular on Scheme of Arrangement

  

IRDAI:

'Use and File' Procedure for Life Insurance Products

  

DGFT:

Amendment in Paragraph 10.08 (ix) in the Foreign Trade Policy 2023 to amend the Policy for General Authorisation for Export of Chemicals and related Equipments (GAEC) [Notification No.12]

Modification of SION E-121 [Public Notice No.16]

Amendment in Paragraph 10.16 (A) in the Handbook of Procedures 2023 to amend the procedure for General Authorisation for Export of Chemicals and related Equipments (GAEC) [Public Notice No.15]

Procedure for allocation of quota for export of wheat on humanitarian and food security grounds, based on requests received from Governments of other countries [Trade Notice No.9]

Procedure for allocation of quota for export of broken rice on humanitarian and food security grounds, based on requests received from Governments of other countries [Trade Notice No.8]

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