CAalley Newsletter for the week ending March 16, 2023
Latest additions to CAalley:
News Update:
Useful Forms:
Reference Section:
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
CBIC has booked 106 cases on insurers for ₹7,581.8 cr. tax evasion: Minister
EPFO extends deadline to opt for higher pension
State-owned IREDA gets Infrastructure Finance Company status from RBI
Domestic aluminum players need to invest to meet net zero target: ICRA
Former RBI dy governor says pricing power of 'Big 5' driving core inflation
India said to bat for sovereign rating upgrade in review with global agencies
68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20
E-rupee worth over Rs 130 crore in circulation: Nirmala Sitharaman
India to discourage foreign trade settlement in Chinese yuan: Sources
Addressing privacy fears, CAG says ethics a must for AI in audit
Angel tax relief likely for Sebi-enrolled FPIs; rules expected by April 15
Fraudsters disguise as market experts to dupe investors
Indian startups should resist pressure to move outside: Mohandas Pai
Govt to infuse more capital in public sector general insurers next year
Lenders to miss March-end deadline to resolve key insolvency cases
GST payers can submit intent to appeal to tribunal and halt recovery process
Three arrested for GST evasion of Rs 150 crore
Sebi resolves 2,672 complaints through SCORES platform in Feb
Government amends KYC to add non-profit organisations, ‘politically exposed persons’
RBI slams high fees on retail forex transactions
Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain
New e-commerce rules may block inventory-based sales
Sebi announces reward mechanism for informants providing tips on defaulters
GST refunds on shopping for foreign tourists on the anvil
Sebi raises bar, sends back IPO documents
Competition Commission of India squeezed by staff vacancies, workload
SEBI asks investors to ensure PAN-Aadhaar link by March 31
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
SVB collapse: Moody's changes outlook on US banking system to 'negative'
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
USA: Big Companies Seeing Tax Benefits From Law Change Some of Them Fought
Useful Forms:
Download amended Income Tax Return Forms
Reference Section:
SEBI (Grant of Reward to Informant under Recovery Proceedings) Guidelines, 2023
IBBI: Format for Serving a Copy of Application for Initiation of CIRP
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
Clarification with respect to Qualified RTAs
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)]
Implementation of origin procedures under India-Australia ECTA [Instruction No.10]