Daily Newsletter - September 29, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Legal Updates:

Income Tax

IBBI

SEBI

Customs

News Update:

Indian News:

Higher pension scheme: EPFO extends deadline to upload details till Dec 31

I-T Department to keep panel of cost accountants

Google, Facebook, Edtech companies may have to pay up to 18% IGST

NFRA has powers to check past audits: Ex-chief Rangachari Sridharan

Can't block ITC for GST on obligatory transport for women employees: AAR

Show cause notices to e-gaming cos for GST evasion as per legal rule: CBIC

Increased monthly GST collections mainly on account of higher compliance: CBIC chief

Fintech firms rush to make tweaks as new data protection law looms

International News:

PCAOB adopts new audit confirmation standard

PCAOB fines Deloitte's Colombia firm $900K for violations

Financial restatements surge among SPAC startups

Legal Updates:

Income Tax:

The Income-tax (22nd Amendment) Rules, 2023 - Forms for report of audit or inventory valuation under section 142(2A) - Amendment to Form 6B and New Form 6D [Notification No.82]

IBBI:

Clarification w.r.t. Liquidators’ fee under clause (b) of sub-regulation (2) of Regulation 4 of IBBI (Liquidation Process) Regulations, 2016 - Circular

SEBI:

Nomination for Mutual Fund Unit Holders – Extension of timelines

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.71(NT)]

Exemption of deposits from the provisions of Section 51 of Customs Act, 1962 [Notification No.70(NT)]

Notification to exempt deposits into ECL till 30th November 2023 [Notification No.69(NT)]