Daily Newsletter - September 1, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

Article

Legal Updates:

Income Tax

GST

MCA

IRDAI

DGFT

Customs

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News Update:

Indian News:

RBI governor rated A+ in global finance central banker report cards 2023

Your PPF, SCSS, other small savings schemes will be frozen if you fail to submit Aadhaar details by this date

McDonald's, Domino's and 200 others now face a Rs 30,000 cr tax demand

50% of MSMEs ask for monetary incentives to adopt sustainability: SIDBI–D&B SPeX

RBI cautions UCB directors against camouflage of financial position

Traders to go on strike over ‘harassment’ by GST officials

  

International News:

Audit Quality Is More Complex Than One Board’s Inspection Data

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Reference Section:

Article:

Quality management standards: How to perform a root cause analysis
[Source: Journal of Accountancy]

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Legal Updates:

Income Tax:

The Income-tax (Twentieth Amendment) Rules, 2023 - Insertion of Rule 134 to the Income Tax Rules 1962 [Notification No.73]

  

GST:

Advisory: Introducing Electronic Credit Reversal and Reclaimed statement

  

MCA:

Limited Liability Partnership (Second Amendment) Rules, 2023 - Revised LLP Forms 3 & 4

  

IRDAI:

IRDAI Circular: Modifications permitted to withdrawn Products of Life Insurers

  

DGFT:

Monthly workshops on Cross-border E-Commerce [Trade Notice No.25]

Export of Non-Basmati White Rice (under HS Code 10063090) to Bhutan, Mauritius and Singapore [Notification No.30]

Safeguard Quantitative Restrictions (QR) imposed on import of Isopropyl Alcohol (IPA) – Clarification regarding applicability of QR on imports by SEZ units wrt Notification No. 64/2015-20 dated 31.03.2023 [Circular No.4]

Revised SION for Leather and Leather Products and its General Note [Public Notice No.30]

  

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.63(NT)]

Seeks to amend No. 11/2021-Customs, dated the 1st February, 2021 to exempt LPG, Liquified Propane and Liquified Butane from levy of AIDC [Notification No.51]

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