Weekly Newsletter - November 9, 2023
Latest additions to CAalley:
News Update:
Exposure Drafts:
Useful Forms:
From the ICAI:
Acts & Regulations:
Legal Updates:
News Update:
SC holds IBC cannot be held to be operating in retroactive manner
Insurance ombudsman disposes of 92% of complaints in FY23
HC orders tax refund of Rs 1,128 cr to Vodafone Idea; pulls up I-T dept
GST exemptions disrupt input tax credit chain, will complex GST: CBIC chief
Sebi eases access to unclaimed funds in REITs, InvITs, debt securities
GST authorities to start sending advisories to non-complaint businesses
RBI body raises concern over rise in bank borrowing by NBFCs
Get ‘taxonomy’ right first then seek investors in green sector: Ajay Tyagi
Cyber fraud: Chartered accountant from Pune arrested for cheating people through 'task' fraud
IBBI proposes smooth registration of occupied flats in insolvent realty projects
Regulated entities to follow new IT framework from April 2024: RBI
FinMin focuses on bringing all business establishments under GST net
Cash component in realty deals rising, reveals demonetisation anniversary eve survey
IBBI suggests project-based insolvency, excludes allotted property
Will not accept unfair taxes on steel, aluminum industry: Piyush Goyal
CBIC clarifies on GST implications for electricity charges
Punjab govt gives Diwali gift to over 60,000 traders by introducing OTS of pre-GST arrears
Auditors questioning companies is a good sign: NFRA Chief
Stage set for rollout of legally mandated accounting standards for LLPs
Ahead of FATF review, Centre takes multiple measures to implement recommendations
Sebi exploring non-disruptive approach to instant equity trade settlement
The taxman wants to know if Indians are taking the FPI route to mask investments
Centre may allow CAs to cater to non-financial services clients from GIFT IFSC
Indore: Business And Tax Consultants Demand Revised Returns In GST
REITs, InvITs collect Rs 18,658 cr in Apr-Sep on robust infra demand
RBI imposes penalty on PNB, Federal Bank, 2 other entities
FinMin launches amnesty scheme for filing appeals against GST demand orders
Are Indian GST revenues really as buoyant as they appear to be?
Self-regulation does not work well in preventing frauds, says Sebi WTM
Govt weighs local tax options to avoid EU carbon levy: Piyush Goyal
ED officer arrested in Jaipur by Rajasthan Anti-Corruption Bureau
One step forward, two steps backwards? Lenders fret on new SC ruling on IBC
SEBI unveils new format for MFs’ SID
IRDAI constitutes taskforce to review existing Bancassurance framework
RBI launches two key surveys which will provide inputs for monetary policy
PCAOB chief chides auditors for blaming failures on talent shortage
UK ditches much of corporate governance revamp to focus on being competitive
EY Eyes Giving More Power to Partners in Wake of Failed Split
PwC plans to cut around 600 UK jobs
Australia: Smaller firms slam accounting regime as ‘useless’
AI bot capable of insider trading and lying, say researchers
Can ChatGPT Pass the CFA Exam? AI Researchers Tried to Find Out
FRC calls for a ‘better, not more’ approach to annual reports
Canada: Deloitte Auditors Got Caught Changing Their Computer Clocks to Backdate Workpapers
Exposure Drafts:
Exposure Draft of Lack of Exchangeability - Amendments to Ind AS 21
[Last date for Comments: December 1, 2023]
Discussion Paper - Real-Estate Related Proposals - CIRP & Liquidation
[Last date for Comments: November 28, 2023]
Discussion Paper on amendments to CIRP Regulations
[Last date for Comments: November 22, 2023]
Useful Forms:
From the ICAI:
Guide to CA Certificates in GST
Handbook on TDS Provisions under GST
Technical Guide on GST Annual Return (Form GSTR 9)
Acts & Regulations:
Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices
Legal Updates:
Condonation of delay in filing appeals against order passed u/s 73 or 74 [CGST Notification No.53]
Simplification and streamlining of Offer Documents of Mutual Fund Schemes
Participation in Account Aggregator Framework as Financial Information User
Introduction of Centralized Video Conference Facility at DGFT Headquarters [Trade Notice No.32]
Allowing advance assessment of Courier Shipping Bills [Circular No.28]
Exchange Rate Notification No. 81/2023-Cus (NT) dated 02.11.2023 [Notification No.81(NT)]
