Daily Newsletter - October 2, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Legal Updates:

Income Tax

GST

RBI

SEBI

Customs

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News Update:

Indian News:

Reporting period of EU’s carbon tax kicks-in

SEBI extends deadline for firms to verify market rumours by 4 months

Centre seeks capacity for 1k IBC cases

DHFL branch audits: NFRA penalises 18 auditors, debars them for 6-12 months

FinMin notifies Oct 1 date for implementing amended GST law for e-gaming

Govt “fully prepared” to levy 28% GST on online gaming from Oct 1: CBIC Chairman

Thousands of taxpayers get GST notices for FY18

  

International News:

Big 4 raid each other's pools as talent war rages amid unprecedented growth

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Legal Updates:

Income Tax:

The Income-tax (Twenty-Third Amendment) Rules, 2023 - New Rule 21AHA - Exercise of option u/s 115BAE(5) [Notification No.83]

  

GST:

Seeks to make amendments (Third Amendment, 2023) to the CGST Rules, 2017 in supersession of Notification No. 45/2023 dated 06.09.2023 [Notification No.51/2023-Central Tax]

Seeks to amend Notification No. 66/2017-Central Tax dated 15.11.2017 to exclude specified actionable claims [Notification No.50/2023-Central Tax]

Seeks to notify supply of online money gaming, supply of online gaming other than online money gaming and supply of actionable claims in casinos under section 15(5) of CGST Act [Notification No.49/2023-Central Tax]

Seeks to notify the provisions of the Central Goods and Services Tax (Amendment) Act, 2023 [Notification No.48/2023-Central Tax]

Seeks to provide Simplified registration Scheme for overseas supplier of online money gaming [Notification No.4/2023-Integrated Tax]

Seeks to notify the supply of online money gaming as the supply of goods on import of which, integrated tax shall be levied and collected under sub-section (1) of section 5 of the Integrated Goods and Services Tax Act,2017 [Notification No.3/2023-Integrated Tax]

Seeks to notify the provisions of the Integrated Goods and Services Tax (Amendment) Act, 2023 [Notification No.2/2023- Integrated Tax]

Seeks to amend Notification No 1/2017- Central Tax (Rate) dated 28.06.2017 [Notification No.11/2023-Central Tax (Rate)]

Seeks to amend Notification No 01/2017- Integrated Tax (Rate) dated 28.06.2017 [Notification No.14/2023- Integrated Tax (Rate)]

Seeks to amend Notification No 01/2017- Union territory Tax (Rate) dated 28.06.2017 [Notification No.11/2023-Union Territory Tax (Rate)]

  

RBI:

₹2000 Denomination Banknotes – Withdrawal from Circulation – Review

  

SEBI:

Extension of timeline for verification of market rumours by listed entities

  

Customs:

Seeks to amend notification No. 55/2022-Customs dated 31.10.2022, in order to provide export duty exemption on exports of Bangalore Rose Onion [Notification No.57]

Amendment in the First Schedule to the Customs Tariff Act, 1975 [Notification No.72(NT)]

Implementation of Section 16 4 of IGST Act related to restriction on export of certain goods on payment of IGST and coverage under refund mechanism [Circular No.24]

Mandatory additional qualifiers in import/export declarations in respect of certain products [Circular No.23]

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