Daily Newsletter - September 8, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

ITR eFiling Utilities

Legal Updates:

GST

RBI

SEBI

Customs

News Update:

Indian News:

RBI to discontinue incremental cash reserve ratio in a phased manner

GST rules for casinos, e-games notified

SEBI implements online payment system for Investor Protection and Education Fund replacing payment via demand drafts

“SEBI’s job is to remove ignorance from markets and not stupidity.” Read what Sandeep Parekh, Nithin Kamath say

Crypto assets should not be legal tender, but a ban is not an easy option

FinMin tightens PMLA rules, brings partners with 10% stake under purview

CCI issues draft norms on combinations under amended competition law

IRDAI Chairman bats for more players in segment to cater India's population

RBI Governor urges fintech players to set up self regulatory organisation

International News:

Auditing and Accounting Boards Should Work Together to Have Common Going Concern Standard, Former PCAOB Chief Auditor Says

FASB finalizes new fair value crypto accounting

Useful Forms:

ITR eFiling Utilities:

ITR 7 Excel Utility updated

Legal Updates:

GST:

The Central Goods and Services Tax (Third Amendment) Rules, 2023 [Notification No.45-Central Tax]

RBI:

RBI Act, 1934 - Section 42(1A)- Requirement for maintaining additional CRR

SEBI:

Mechanism for Sharing of Information by Credit Rating Agencies (CRAs) to Debenture Trustees (DTs)

Change in mode of payment w.r.t. SEBI Investor Protection and Education Fund Bank A/c

New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares

Customs:

Notification in relation to new Land Customs Station Nischintpur Railway Station in West Tripura District, Tripura with route Nischintpur (India) to Gangasagar (Bangladesh) Railway line by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994 [Notification No.65(NT)]

Exchange Rate Notification No. 64/2023-Cus (NT) dated 06.09.2023 [Notification No.64(NT)]