Daily Newsletter - June 28, 2023
Latest additions to CAalley:
News Update:
Exposure Drafts:
Acts & Regulations:
Regulatory:
Legal Updates:
News Update:
ITC can't be denied under GST even when post-supply discounts received: AAR
Is your advance tax, self-assessment tax details missing from ITR forms? Here’s what you can do
ITR 2022-23: Three key changes to keep in mind while filing your return
Go Green, Earn Credits: Govt starts Green Credits scheme under Mission LiFE
Delhi govt sets up GST registration cell to boost revenue collection
Income tax department keeps tolerance range intact for transfer pricing
Insurance regulator IRDAI bats for risk-based supervision, trials to begin from July
Sagar Samajik Sahayog: New CSR guidelines for ports in India unveiled
In a 1st, RBI slaps fines on all 4 credit bureaus
‘Resigning auditor must flag if fraud is noticed’: NFRA
Exercise professional scepticism while evaluating fraud at cos: NFRA tells auditors
Jaipur Officials bust syndicate operating in 14 States fraudulently claiming ITC of Rs 1,047 crore
RBI to engage external managers for small part of FX reserves: Das
EPFO extends deadline to apply for higher pension for members till July 11
RBI finalises norms for banks to hold capital for operational risks
FASB proposes improvements to accounting for purchased financial assets
PCAOB Looks to Add Rules for Auditors on Technology-Assisted Analysis
New rules aim to clamp down on corporate greenwashing
ISSB issues inaugural global sustainability disclosure standards
Exposure Drafts:
Proposed Amendments Related to Aspects of Designing and Performing Audit Procedures that Involve Technology-Assisted Analysis of Information in Electronic Form
[Last date for Comments: August 28, 2023]
Proposed ASU: Financial Instruments—Credit Losses (Topic 326) - Purchased Financial Assets
[Last date for Comments: August 28, 2023]
Acts & Regulations:
SEBI (Mutual Funds) (Amendment) Regulations, 2023 [Published on June 26, 2023]
Regulatory:
NFRA Circular: Statutory Auditors’ Responsibilities in relation to Fraud in a Company
Legal Updates:
Disclosure of Information on Issuers Not Cooperating (INC) with CRAs
Manner of achieving minimum public unitholding - REITs
Manner of achieving minimum public unitholding - InvITs
Circular - Monitoring of Investments in Alternative investment Fund
Surrogacy Act, 2021 and ART Act, 2021 and the relevant Rules thereunder
