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Daily Newsletter - September 18, 2024

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Latest additions to CAalley:

News Update:

Indian News

Exposure Draft:

NFRA Draft

Useful Forms:

ITR eFiling Utilities

Legal Updates:

GST

DGFT

Customs

Central Excise

 


  

News Update:

Indian News:

Sitharaman launches NPS Vatsalya, parents can open pension a/c for children

Now, withdraw up to Rs 1 lakh from your PF, even within 6 months of joining

Fears over proposed revamp of audit standards misplaced: NFRA

Tupperware Brands files for bankruptcy as company seeks 'strategic alternatives'

AI for MSMEs: Bridging the gap between technology and business goals is important

Big defaulters may bypass courts to let banks win

IBBI chief asks insolvency professionals to be transparent to improve bids

Dispute over food GST: Gujarat High Court rules in company's favour

NFRA issues revised audit standards for public input to align with ISA 600

New UPI Lite feature! Soon your UPI Lite balance will be topped up automatically - here’s how it will work

No tax rate reductions for old regime, clarifies Nirmala Sitharaman

Rs 1 cr penalty on HDFC Bank: How to protect yourself from recovery agents

Foreign banks in regulatory standoff seek RBI relief on trading rules


Exposure Draft:

NFRA Draft:

Proposed Revision in SA 600 - Special Considerations - Audit of Group Financial Statements (including The Work of Component Auditors)
[Last date for Comments: October 30, 2024] 
  


Useful Forms:

ITR eFiling Utilities:

ITR 6 - Excel Utility has been updated


Legal Updates:

GST:

Advisory: Draft Manual on Invoice Management System

Advisory: Re-opening of Reporting ITC Reversal Opening Balance

 

DGFT:

Amendments under Interest Equalisation Scheme [Trade Notice No.17]

 

Customs:

Amendment of Circular 07/2024-Customs to further ease the process of publication of automated exchange rate [Circular No.17]

Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 in respect of EOUs [Circular No.16]

 

Central Excise:

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude [Notification No.25]


  

  

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