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Daily Newsletter - October 27, 2023

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Latest additions to CAalley:

News Update:

Indian News

Useful Forms:

ITR eFiling Utilities

Exposure Draft:

RBI Draft

Legal Updates:

GST

RBI

IRDAI

DGFT

Customs


  

News Update:

Indian News:

Irdai excludes retail sector of insurance industry from arbitration clause

SEBI's instant settlement plan faces foreign investor pushback

Finance ministry notifies prospective levy of GST on corporate guarantees

Irdai sets up 12-member committee to simplify insurance policy wordings

Sebi proposes new type of high-risk mutual fund to compete with PMS

ITR filing by individuals grows 90 per cent to 6.37 crore in AY 2021-22

CRA to replace pension funds as FIP in account aggregator ecosystem

Lenders and CIC to pay Rs 100 per day for record update delay: RBI

Premature withdrawal to be allowed on all bank FDs of up to Rs 1 crore: RBI hikes limit of non-callable FDs

Sebi finalises SOP to stop promoter misuse of foreign cos for shareholding

If alerted promptly, bank must compensate for cyber fraud: Consumer court

CBDC can play important role in cross-border payment, says RBI Guv

Sebi bars finfluencer from securities market, asks to disgorge Rs 17 cr


Useful Forms:

ITR eFiling Utilities:

Tutorial for ITR 5 & 6

ITR 7 FAQs

ITR 6 Excel Utility updated
&
ITR 7 Windows and MAC setup Utilities updated


Exposure Draft:

RBI Draft:

Draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services
[Last date for Comments: November 28, 2023] 


Legal Updates:

GST:

Advisory related to changes in GSTR-5A

The Goods and Services Tax Appellate Tribunal (Appointment and Conditions of Service of President and Members) Rules 2023

The Central Goods and Services Tax (Fourth Amendment) Rules, 2023 [CGST Notification No.52]

IGST notification giving effect to GST Council recommendations regarding refunds [IGST Notification No.5]

  

RBI:

Joining the Account Aggregator Ecosystem as Financial Information User

Review of Financial Information Provider (FIP) under Account Aggregator Framework

Non-Callable Deposits - Master Direction on Interest Rate on Deposits

Review of Instructions on Bulk Deposits for Regional Rural Banks (RRBs)

Framework for compensation to customers for delayed updation/ rectification of credit information

Strengthening of customer service rendered by Credit Information Companies and Credit Institutions

  

IRDAI:

Amendment of Arbitration Clause in General Insurance policies

  

DGFT:

Streamlining of Halal Certification Process for Meat and Meat Products [Notification No.41]

Amendment in Policy Condition 1 of Chapter 15 of ITC (HS), 2022, Schedule – I (Import Policy) [Notification No.40]

  

Customs:

Revised All Industry Rates of Duty Drawback [Circular No.26]

Amendment in Circular No 11/2013 dated 06.03.2013 for inclusion of Surat, under jurisdiction of Commissioner of Customs, Ahmedabad [Circular No.25]


 

 

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