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The alley for Indian Chartered Accountants

CAalley Newsletter dated February 10, 2023

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Latest additions to CAalley:


Indian News

International News

Indian Exposure Drafts:

Finance Ministry Draft

SEBI Draft

International Exposure Drafts:

GASB Exposure Draft

UK Exposure Draft

From the ICAI:

ICAI Announcement

Legal Updates:



Central Excise


News Update:

Indian News:

Unbranded namkeen products to attract 12% GST, not 5%, rules Gujarat AAR

No updated tax returns after facing searches by I-T department

Over 10,000 e-gamers get I-T notices

GST Council will decide on cement tax rate after expert study, says CBIC

New tax regime sops may cut donations

Govt asks blocked lending apps to submit documents proving legality

No rationalisation of GST structure for now: Revenue Secretary

Sebi eyes new rules for listed bonds

FM Nirmala Sitharaman urges IMF to develop globally coordinated approach to crypto asset regulations

RBI to frame guidelines on penal charges for default in loan servicing

Reserve Bank announces guidelines on climate risk, sustainable finance

Govt asks Irdai, insurance firms to address issues to reduce pending cases

India’s audits are increasingly focusing on cyber security: CAG

Auditing of local bodies key as India aims to touch $5 trn economy: CAG


International News:

KPMG Canada falls short in audit inspection report from US audit watchdog

Indian Exposure Drafts:

Finance Ministry Draft:

Settlement of Contractual Disputes
Last date for Comments: March 8, 2023]


SEBI Draft:

Consultation Paper on Review of Role and Obligations of Mutual Fund Trustees
Last date for Comments: February 24, 2023]


International Exposure Drafts:

GASB Exposure Draft:

Additional Proposal for Implementation Guidance Update—2023
Last date for Comments: March 10, 2023]


UK Exposure Draft:

Future financial services regulatory regime for cryptoassets - Consultation and call for evidence
Last date for Comments: April 30, 2023 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.]


ICAI Announcement:

A Primer on the Concept of Social Stock Exchange

Legal Updates:


Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India



Clarification in respect of the compliance by the first-time issuers of debt securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 with Regulation 23(6)


Central Excise:

Re-assignment of 185 Appeal cases pending in Thiruvananthapuram zone [Order No.1]

Click Here to view Annexure



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