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Daily Newsletter - May 10, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

FRC Exposure Draft

From the ICAI:

ICAI Announcement

Legal Updates:

Income Tax




De-stressing Zone - Fun alley


News Update:

Indian News:

Brokers call for Sebi intervention to avert a freeze on bank accounts

Govt expands scope of money laundering law to cover firm's representatives

Bad loan firms call for rule change to open up sector to new players

Goods transport agencies have time till May 31 to opt for GST payment: Govt

Centre asks industry to be ready for EU carbon tax, vows smooth transition

NCLT admits Go First's plea for voluntary insolvency, appoints IRP

GST: Automated returns scrutiny set to roll out

India to push for carbon certificates mutual recognition with EU

Govt entities should curb consumers tendency for ‘forum shopping’, encourage them to approach RERA: Hardeep Singh Puri

Sebi levies Rs 35 lakh fine on 7 entities for non-genuine trades

RBI directs users to pay fee, charges on forex cards in rupees

Finance Ministry Refuses To Act On Insurers Plea In GST Violation Case: Report

Surprise checks one of Goa's plans to boost GST mopup

Ensuring financial stability is a shared responsibility, says FM

Commerce ministry recommends anti-dumping duty on imported optical fibre

Centre to come up with creditor-led insolvency resolution framework: Report

FSDC discusses need for more early warning indicators for economy


International News:

UK watchdog probes Deloitte audit of UK clothing retailer Joules

Federal Reserve warns of credit crunch risk after US bank turmoil

Exposure Draft:

FRC Exposure Draft:

Consultation Paper - Technical Actuarial Standards for Pensions
[Last date for Comments: August 4, 2023


From the ICAI:

ICAI Announcement:

Deferment of second phase of Peer Review Mandate

Legal Updates:

Income Tax:

Inclusion of agents under PMLA



Extension of last date for exercise of option by GTA to pay GST under forward charge [No.5 - Central Tax (Rate)]

Extension of last date for exercise of option by GTA to pay GST under forward charge[No.5 - Integrated Tax (Rate)]

Extension of last date for exercise of option by GTA to pay GST under forward charge[No.5 - Union Territory Tax (Rate)]



Direct Market Access (DMA) to SEBI registered Foreign Portfolio Investors (FPIs) for participating in Exchange Traded Commodity Derivatives (ETCDs)

Registration with the FINNET 2.0 system of Financial Intelligence Unit – India (FIU-India)



Levy of charges on forex prepaid cards/store value cards/travel cards, etc

Formalisation of Informal Micro Enterprises on Udyam Assist Platform



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