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Daily Newsletter - January 23, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Legal Updates:

Income Tax

GST

SEBI

Customs


  

News Update:

Indian News:

Fintech associations exploring ways to incentivise SRO membership

CBDT releases key Direct Tax Statistics through Time-Series data

Sebi firm on FPI ownership norms as deadline looms

Govt raises import duty on gold, silver jewellery findings to 15% from 11%

ICAI enters into MoU with 11 Universities

Govt expands scope of financial services that can be taken up at IFSC

5 GST officials booked for demanding Rs. 5 crore bribe from a Ghaziabad-based businessman

Govt should not cut import duties on parts used in making smartphones: GTRI

Flurry of GST show cause notices heading to businesses for FY19, as deadline ends on Jan 31

Budget 2024-25: Govt may increase capex to propel economic growth

States out of NPS: Corpus will keep getting returns

DGGI has no special power over state GST officials: Jharkhand HC

 

International News:

[US] IRS adds crypto question to more tax forms

SEC Poised to Adopt Tougher Rules for SPACs


Exposure Draft:

SEBI Draft:

Consultation paper on proposal to enhance trust in the Alternative Investment Funds (AIF) ecosystem to facilitate Ease of Doing Business measures
[Last date for Comments: February 11, 2024] 


Legal Updates:

Income Tax:

Explanatory Circular Explaining the Provisions of The Finance Act, 2023 [Circular No.1]

 

GST:

Advisory: Furnishing bank account details by registered taxpayers under Rule 10A of the CGST Rules, 2017

Advisory: Payment through Credit Card (CC) / Debit Card (DC) and Unified Payments Interface (UPI)

 

SEBI:

Framework for Offer for Sale (OFS) of Shares to Employees through Stock Exchange Mechanism

 

Customs:

Seeks to amend Notification No. 11/2021 dated 1st February 2021, to impose AIDC on entries falling under 7112, 7113 and 7118 [Notification No.5]

Seeks to amend Notification No. 11/2018 dated 2nd February 2018, to exempt certain entries from SWS [Notification No.4]

Seeks to amend Notification No. 50/2017 dated 30th June 2017, to amend entry related to Spent catalysts and ash containing precious metals [Notification No.3]

Amendment of Notification No.19/2022 Customs (NT) dated 30.03.2022 [Notification No.6(NT)]

Amendment of Notification No.18/2023 Customs (NT) dated 30.03.2023 [Notification No.5(NT)]


 

 

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