Daily Newsletter - October 20, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

ITR eFiling Utilities

Exposure Draft:

CCI Draft

Acts & Regulations:

RBI Master Direction

Legal Updates:

Income Tax

GST

PMLA

SEBI

DGFT

Customs

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News Update:

Indian News:

GST to be paid on gold coins, white goods given as incentives, rules AAR

SC: There is no automatic application of MFN clause for lower withholding tax in India

Monetary policy ought to remain actively disinflationary: RBI Governor Das

NFRA penalises auditor for lapses in Sobha audit case

ICAI receives UN Award for its contribution to sustainability reporting

Sebi eases norms for borrowing for large corporates through debt securities

Banks disburse Rs 1,400 cr of loans under frictionless credit platform: RBI ED

Irdai mandates TP insurance to employees travelling in employer's vehicle

Illegal betting and gambling: Tax authorities losing Rs 2 lakh crore annually, says report

Govt to issue end-to-end digital authorisation for laptop, tablets' import

GST intelligence detects tax evasion of Rs 1.36 trillion so far in FY24

I-T dept may launch drive to quicken refunds

SC contempt notices to NCLAT members for defying its order

3-judge SC bench will decide if PMLA verdict needs relook

  

International News:

Looks Like PwC Australia Is Getting in Trouble With the PCAOB For Failing to Report an ‘Event’

Companies shifting disclosures in response to SEC cybersecurity rules

PCAOB Enforcement is Continuing to Flex its Muscles

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Useful Forms:

ITR eFiling Utilities:

Common Offline Utility (ITR 1 to ITR 4) for Windows & MAC has been updated

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Exposure Draft:

CCI Draft:

Draft ‘The Competition Commission of India (Lesser Penalty) Regulations, 2023’
Background Note
Draft Lesser Penalty Regulations
[Last date for Comments: November 6, 2023] 
  

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Acts & Regulations:

RBI Master Direction:

Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023

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Legal Updates:

Income Tax:

The Income-tax (Twenty Sixth Amendment) Rules, 2023 -New Rule 16D - Form of report for claiming deduction under section 10AA [Notification No.91]

  

GST:

Latest GST Notifications dated Oct.19, 2023 giving effect to recommendations of GST Council

  

PMLA:

The Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2023

  

SEBI:

Ease of doing business and development of corporate bond markets – Revision in the framework for fund raising by issuance of debt securities by large corporates

  

DGFT:

Amendment in Policy Condition No. 4 of Chapter 84 of schedule 1 (import policy) of ITC (HS), 2022 [Notification No.38]

Implementation of Import Management Systems for IT Hardware [Circular No.6]

Discontinuation of Issuance of Physical copy of Restricted Import Authorisation with effect from 19.10.2023 [Trade Notice No.31]

Submission of data to RoDTEP Committee for review of RoDTEP rates [Trade Notice No.30]

  

Customs:

Revised All Industry Rates of Duty Drawback [No.77(NT)]

Seeks to amend notification no. 50/2017-Customs in order to implement recommendations made by the GST Council during its 52nd Meeting with respect to GST rates on goods [Notification No.60]

Exchange Rate Notification No. 76/2023-Cus (NT) dated 19.10.2023 [Notification No.76(NT)]

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