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The alley for Indian Chartered Accountants

Daily Newsletter - January 2, 2024

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Latest additions to CAalley:

News Update:

Indian News

Useful Forms:

ITR Utilities

Exposure Draft:

RBI Draft

Legal Updates:

GST

RBI

DGFT

Customs

Central Excise


  

News Update:

Indian News:

Everyone wants to do an FTA with India due to rapidly growing market: GTRI

RBI issues new rules on inoperative, unclaimed savings accounts, FD, deposits: FAQs on how to claim, charges, interest to be paid

Female govt employees may now nominate child for pension before husband

Services of audit cos under lens of NFRA

HDFC Bank goes live with NPCI-developed UPI in secondary market platform

Tax officials arrest mining company MD for GST irregularities of 18 crore

LIC and YES Bank receive tax notices worth 806 cr and 3 cr respectively

SEBI imposes penalty on Unitech Advisors, honchos; bars them from market

Supporting regulatory framework needed to harness benefits of AI: RBI DG

NFRA flags audit lapses by Walker Chandiok, releases inspection report


Useful Forms:

ITR Utilities:

All ITR eFiling utilities have been updated as on January 1, 2024


Exposure Draft:

RBI Draft:

Draft Circular on Declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India
[Last date for Comments: January 31, 2024] 


Legal Updates:

GST:

Advisory on the functionalities available on the portal for the GTA taxpayers

Notification of Constitution of Principal Bench of Goods and Services Tax Appellate Tribunal

 

RBI:

Inoperative Accounts /Unclaimed Deposits in Banks- Revised Instructions

Review of Instructions on Bulk Deposits for Urban Co-operative Banks

 

DGFT:

Amendment in Para 2.31 of the Foreign Trade Policy, 2023 [Notification No.56]

 

Customs:

Seeks to amend Notification No. 96/2008 Customs dated 13.08.2008 [Notification No.67]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.95(NT)]

Seeks to amend Sea Cargo Manifest and Transhipment Regulations 2018 [Notification No.94(NT)]

Seeks to amend Notification No. 29/2022 - Customs (ADD) dated 19.10.2022 [Notification No.18(ADD)]

 

Central Excise:

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on export of Diesel [Notification No.2]

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and reduce the Special Additional Excise Duty on export of ATF [Notification No.1]


 

 

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