Daily Newsletter - March 11, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Useful Forms:

MCA Forms

Legal Updates:

Income Tax

GST

IFSCA

SEBI

DGFT

Customs

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News Update:

Indian News:

SEBI to introduce T+0 settlement on an optional basis by March 28: Madhabi Puri Buch

Top auditors stop offering non-audit work to clients

Trade game-changer in making? Several countries willing to start trading with India in rupee

Using a credit card? From usage beyond limit to overlimit fees - top queries answered based on RBI’s new FAQs

Why RBI has increased its scrutiny on co-branded credit cards

CBDT starts sending emails, SMSs for mismatch in tax profile in FY24

SEBI notifies micro-REITs regulations; move to boost transparency, investments

CBIC working to weed out duplicate notices

FinMin asks PSBs to ensure compliance in withdrawal from Rera accounts

Govt exempts certain payments to units in IFSC from TDS starting April 1

UPI can now be used to make payments to Nepalese merchants, says NPCI

NFRA proposes sandbox-like structure for audit innovations

Big-Four’s dominance has regulator worried

CGST Commissionerate busts syndicate involved in Rs 1,000 cr ITC fraud

CCI can now impose fines based on cos' global turnover

 

International News:

AICPA Provides Recommendations for Clarification on Proposed Digital Asset Transactions Regulations

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Useful Forms:

MCA Forms:

MCA eForms have been updated as on March 8, 2024:

All MCA eForms are available at here

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Legal Updates:

Income Tax:

Advance Tax e-campaign for F.Y. 2023-24 [Press Release]

TDS Exemption for IFSC units [Notification No.28]

Advisory for Trusts / Institutions

Advisory on Updated Returns

 

GST:

Integration of E-Waybill system with New IRP Portals

 

IFSCA:

Clarifications in relation to Fund Management Entities and Schemes set up in IFSCs by Sovereign Wealth Funds

Notification on TDS Exemption IFSC

 

SEBI:

Measures to instill trust in securities market – Expanding the framework of Qualified Stock Brokers (QSBs) to more stock brokers

 

DGFT:

RODTEP implementation for exports of products manufactured by AA holders (except Deemed Exports) and EOU for 166 Tariff lines [Notification No.74]

Incorporation of Policy condition for export of Chitin, Chitosan, Chitosan Salts, Chitosan Salts (Chitosan Hydrochloride, Chitosan Acetate, Chitosan Lactate) and Chitosan Derivatives (Chitosan Succinamide) [Notification No.73]

Amendment in export Policy of Human Biological Samples under Chapter-30 of ITC HS schedule-2 of export policy [Notification No.72]

Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ [Notification No.71]

Extending RoDTEP support for exports made by Advance Authorisation (AA) holders, Export Oriented Units (EOU), Special Economic Zones (SEZ) units [Notification No.70]

Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ [Public Notice No.50]

Procedure for Import Allocation for the Financial Year 2024-25, for import of Calcined Pet Coke for Aluminium Industry and Raw Pet Coke for CPC manufacturing industry [Public Notice No.49]

 

Customs:

Exchange Rate Notification No. 18/2024-Cus (NT) dated 07.03.2024 [Notification No.18(NT)]

Inclusion of gender specific infrastructure facilities to be provided by the Custodian CCSP-CFS/AFS/ICD under the HCCAR, 2009 [No.3]

Encouraging Women Participation in International Trade [Circular No.2]

Product Designation for Commercial Import of Premium Frozen Duck Meat into India [Instruction No.4]

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