Daily Newsletter - November 1, 2023

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Latest additions to CAalley:

News Update:

Indian News

Legal Updates:

Income Tax

GST

MCA

RBI

SEBI

IRDAI

Customs

Central Excise

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News Update:

Indian News:

ED attaches Rs 503 cr assets of Jet founder Goyal, others in London, Dubai

SEBI confirms market ban against 22 entities in Sadhna Broadcast stock manipulation case

GIFT taps RBI, finance ministry on family funds

RBI to regulate entities facilitating cross border payment transactions

Attrition high in private banks, they need to build core team: RBI's Das

MCA enforces provision for foreign listing of Indian public companies

Tech is critical, but banks won't like to be tech companies: Citi India CEO

Colgate Palmolive gets Rs 170 crore Transfer Pricing Order from Income Tax authorities

Tax authorities probing Raymond's consumer care business sale to Godrej: GST in focus

Maharashtra GST personnel stage protest demanding restructuring of dept

RBI allows DCCBs to wind-up branches without prior notice to central bank

Insurers to provide details of basic features to customers from Jan 1

Govt asks private companies to dematerialise securities by Sept 2024

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Legal Updates:

Income Tax:

The Income-tax (Twenty-Seventh Amendment) Rules, 2023 - Changes in Form ITR 7 [Notification No.94]

  

GST:

Clarifications regarding applicability of GST on certain services [Circular No.206/18/2023]

Clarification regarding GST rate on imitation zari thread or yarn based on the recommendation of the GST Council in its 52ndmeeting held on 7th October, 2023 [Circular No.205/17/2023]

  

MCA:

Commencement of Section 5 [Companies (Amendment) Act, 2020] (29 of 2020)

  

RBI:

Regulation of Payment Aggregator – Cross Border (PA - Cross Border)

Banking Regulation (Amendment) Act 2020 - Change in Name of Co-operative Banks

Clarification regarding Shifting of Branches/Offices/Extension Counters within the same city, town or village by District Central Co-operative Banks (DCCBs) and Guidelines on Closure of Branches and Extension Counters by DCCBs

  

SEBI:

Revision in manner of achieving minimum public unitholding requirement – Infrastructure Investment Trusts (InvITs)

  

IRDAI:

Revision of Customer Information Sheet

  

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.79(NT)]

  

Central Excise:

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on export of Diesel [Notification No.37]

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and reduce the Special Additional Excise Duty on export of ATF [Notification No.36]

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