Daily Newsletter - May 17, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

SEBI Master Circulars

Legal Updates:

GST

IRDAI (Master Circulars)

Customs

Central Excise

  

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News Update:

Indian News:

Online MSMEs flag GST license challenges in Tamil Nadu

[Indian] Big Five auditors sulk over lack of fair remuneration

Finance Ministry asks SBI to form committee to tackle co-lending issues

At 269, NCLT approves record resolutions under IBC in FY24: IBBI data

IGST exemption: AAR ruling may set precedent for foreign client services

GST AAR: Acting as a marketing, recruiting or referral consultant to foreign universities can qualify as exports

Compliance plays a big part in helping Indian MSMEs grow exports

Around 700 surety bonds worth Rs 3,000 cr issued by Insurance cos so far

RBI set to meet ARCs on May 17; may discuss borrowing, settlement process

 

International News:

AICPA approves revised attestation standards

KPMG Leads in IPO Audit Clients for Q1 of 2024

Crowe UK slapped with £144,000 audit fine

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Exposure Draft:

SEBI Draft:

Consultation paper on facilitating investments by Indian Mutual Funds in such overseas funds that invest certain portion of their assets in Indian securities
[Last date for Comments: June 7, 2024] 

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Acts & Regulations:

SEBI Master Circulars:

Master Circular for Credit Rating Agencies (CRAs) [Published on May 16, 2024]

Master Circular for ESG Rating Providers (ERPs) [Published on May 16, 2024]

Master Circular for Debenture Trustees (DTs) [Published on May 16, 2024]

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Legal Updates:

GST:

Advisory: Information from manufacturers of Pan Masala and Tobacco taxpayers

 

IRDAI:

Master Circular on Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers, 2024

Master Circular on Expenses of Management, including Commission, of Insurers, 2024

 

Customs:

Exchange Rate Notification No. 36/2024-Cus (NT) dated 16.05.2024 [Notification No.36(NT)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.35(NT)]

Seeks to impose Anti-dumping duty on import of 'Pentaerythritol' from China PR, Saudi Arabia and Taiwan for 5 years, pursuant to final findings issued by DGTR [Notification No.8(ADD)]

 

Central Excise:

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude [Notification No.14]

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