Daily Newsletter - January 8, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

CA's Referencer

International Content:

FASB Reference Material

Legal Updates:

GST

IRDAI

News Update:

Indian News:

Indian tax payers migrating to higher range of total gross income: SBI Research report

Budget 2024: Rebate under new income tax regime may be hiked to Rs 7.5 lakh

29,273 bogus firms involved in suspected GST ITC evasion, 121 arrested: Finance ministry

No e-way bill sans e-invoice details from March 1

SEBI allows short-selling by all investors; F&O stocks also eligible

IRDAI eases norms for insurer investment in infrastructure debt funds

RBI says Rs 2,000 notes can be exchanged through post offices as well

International News:

PwC's 2023 annual report: What you need to know

Grant Thornton demoted from top tier of audit supervision after cutting high-profile clients

Reference Section:

CA's Referencer:

Customs Duty Drawback Rates for 2023-24

International Content:

FASB Reference Material:

Segment Reporting (Topic 280)
Improvements to Reportable Segment Disclosures
[November 2023]

Legal Updates:

GST:

Seeks to notify special procedure to be followed by a registered person engaged in manufacturing of certain goods [CGST Notification No.4]

Seeks to rescind Notification No. 30/2023-CT dated 31 st July, 2023 [CGST Notification No.3]

Extension of due date for filing FORM GSTR-9 and FORM GSTR-9C for the Financial Year 2022-23 for the persons registered in certain districts of Tamil Nadu [CGST Notification No.2]

Extension of due date for filing of return in FORM GSTR-3B for the month of November, 2023 for the persons registered in certain districts of Tamil Nadu [CGST Notification No.1]

Corrigendum to notification no 01/2024-Integrated Tax(Rate) dated 03.1.2024

Corrigendum to notification no 01/2024-Integrated Tax(Rate) dated 03.1.2024

IRDAI:

Compliance with MoRTH notifications in view of the Motor Vehicles (Amendment) Act, 2019