CAalley Newsletter dated March 16, 2023
Latest additions to CAalley:
News Update:
Exposure Draft:
Legal Updates:
News Update:
EPFO plans explainer to ‘demystify’ SC order on higher pensions
A four-member GST appellate tribunal likely in each state to streamline dispute resolution
Accounting audit trail mandatory from April; to make it easier to find financial irregularities
New foreign trade policy may be released by end of this month: Commerce Secretary
Industrialists seek relief from CGST dept
Realtors want govt to rationalise GST on under-construction properties in a bid to encourage sales
Jayant Sinha to introduce Competition (Amendment) Bill 2023 on Friday
RBI, UAE central bank sign MoU on interoperability of their CBDCs
Bar Council permits foreign law firms to practice in select fields in India
SEBI empowered to frame rules and update them as required: Govt tells Parliament
CAG wants Rajasthan govt not to abandon treasury system of accounting
RBI asks banks to review contracts with fintechs
India govt unlikely to roll back tax plan on high-value life insurance
IASB improves approach to developing disclosure requirements
ECB backs big rate hike despite bank chaos
FASB proposes enhancements to income tax disclosures
After SVB, cash is once again king, ex-CFO says
KPMG stands by audits of Silicon Valley Bank and Signature Bank
KPMG Under Pressure After Clean Audits of SVB, Signature Bank
Exposure Draft:
Proposed Accounting Standards Update
Income Taxes (Topic 740)
Improvements to Income Tax Disclosures
[Last date for Comments: May 30, 2023]
Legal Updates:
Reporting and Accounting of Central Government transactions for March 2023
Exchange rate dated 16.03.2023 [No.15(NT)]
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.14(NT)]