Weekly Updates from CA Cult (2nd Week – March 2023)
Weekly Updates from CA Cult (2nd Week – March 2023)
Important Updates from last week:
- Direct Tax Collections for F.Y. 2022-23 up to 10th March 2023.
- Advisory: GSTN launches e-invoice registration services with private IRPs.
- Extension of requirement of Health Certificate accompanied with the import of food consignments-reg.
- Boarding functions – Improving transparency using boarding Jacket fitted with Body Worn Camera (BWC) having video/audio recording facility by Boarding Officer -reg.
- Rectifiable labelling information for imported food consignments -reg.
- MCA important update for all the Members of ICSI & ICAI.
- Serving of copy of applications to the Board, as mandated under Rules 4, 6 and 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.
- Tribunal to adjudicate the disputes in matter of election.
Directorate General of Foreign Trade (DGFT)
- Discontinuation of Tariff Rate Quota for Import of Crude Sunflower Seed Oil w.e.f. 01.04.2023 -PUBLIC NOTICE No. 60/ 2015-20.
- 17 NBFCs surrender their Certificate of Registration to RBI.
Securities and Exchange Board of India (SEBI)
- Master Circular for Foreign Venture Capital Investors (FVCIs).
- Framework for Adoption of Cloud Services by SEBI Regulated Entities (REs).
- Operational Guidance -Amendment to Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 (“Buy-back Regulations”).
Institute of Chartered Accountants of India (ICAI)
- Implementation Guide to SA 580, Written Representations.
- EXTENSION OF LAST DATE FOR ONLINE EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS FOR MAY/JUNE 2023 EXAMINATIONS UP TO 15TH MARCH 2023.
- Revision Test Papers (RTPs) by the ICAI for CA Final Course May 2023: https://cacult.com/rtps-ca-final-course/
- Revision Test Papers (RTPs) by ICAI for CA Intermediate Course: https://cacult.com/rtps-ca-intermediate-course/
- Post Budget Webinar on Union Budget 2023-24
OTHER UPDATES
- Notification on the Virtual digital assets under PMLA.
- Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023.
- Economic Cooperation and Trade Agreement (ECTA) signed between India and Australia is a transformative agreement which will unlock the next level of potential in trade and investment.
- Important changes in Form 26AS from AY 2023-24 onwards.
Videos of the Week:
- Timely payments to Micro and Small Enterprises | Section- 43B | MSME Act | Income-tax Act: https://www.youtube.com/watch?v=nP1VXxV7g0s&t=125s
- Detailed analysis of TDS and taxability on the net winnings from online games: https://www.youtube.com/watch?v=w_H4vdmDpzg
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