Weekly Updates from CA Cult (March 2022- Second Week)
Weekly Updates from CA Cult (March 2022- Second Week)
Important Updates from last week:
Central Board of Indirect Taxes & Customs (CBIC)
- Webinar on Smart Search HSN- An Enhanced search HSN functionality for taxpayers.
- Enhanced Registration application user interface (UI).
- CGST Delhi officials bust a syndicate of 7 firms in GST evasion of more than Rs 85 crore.
- Notification to appoint common adjudicating authority- NOTIFICATION No. 02/2022-Central Tax.
- Limited Liability Partnership (2nd Amendment) Rules 2022.
- Important Update for Stakeholders on DSC Association.
- LLP filing and Other services are live in V3.
- Important updates related to V2 and Associating DSC in V3.
Directorate General of Foreign Trade (DGFT)
- Amendment in import policy conditions of items under ITC HS 0106 90 00 of Chapter 01 of ITC (HS), 2022, Schedule – I (Import Policy)- Notification No. 57/2015-20.
- Extension of the last date for submission of applications under certain Scrip based Schemes- NOTIFICATION No. 58/2015-2020.
- Amendment in import policy and insertion of policy condition under Chapter 29 and 38 of ITC (HS), 2022, Schedule – I (Import Policy)- Notification No. 59/2015-20.
- Amendment in Policy condition of Sl.No. 55 & 57, Chapter 10 Schedule-2, ITC(HS) Export Policy, 2018- Notification No. 60/2015-20.
- BE(A)WARE – A Booklet on Modus Operandi of Financial Frauds.
- Reserve Bank of India launches (a) UPI for Feature Phones (UPI123pay) and (b) 24×7 Helpline for Digital Payments (DigiSaathi).
- Issue and regulation of share capital and securities – Primary (Urban) Co-operative Banks.
- Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit – Extension
- Results of the Swap Auction, March 08, 2022.
- NaBFID – All India Financial Institution (AIFI).
- Reserve Bank clarifies on the mode of receipt of complaints under Reserve Bank – Integrated Ombudsman Scheme 2021 (RB-IOS).
- Action against the Paytm Payments Bank Ltd under section 35 A of the Banking Regulation Act, 1949
Securities and Exchange Board of India (SEBI)
- Automation of disclosure requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011-System Driven Disclosures -Ease of doing business.
- Change in UPI limits – Revision to Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper.
Insurance Regulatory and Development Authority of India (IRDAI)
- Draft notification of Motor Third Party Premium Rates for the Financial Year (FY) 2022-23 for stakeholder’s consultation.
- Disclosure of underwriting philosophy of offering Health Insurance Coverage to Transgender persons.
- Union budget 2022-23 encourages the power of youth: Smt. Nirmala Sitharaman
Institute of Chartered Accountants of India (CA Fraternity)
Updates for Members/Students
- Survey for seeking preference for learning a foreign language through virtual mode from ICAI Members and Students.
- Consent for enrolment for Exclusive Blended Online Weekend Batch of the Spanish language (level A1.1) for ICAI Members and Students (60 hours), Last Date: 10th March, 2022.
- Announcement of Online Examination of the ‘Certificate Course on Indian Accounting Standards (Ind AS)’ to be held on 24th April 2022.
- Important Update on Convocation 2022 – Kanpur and Indore
General Updates
- Visit of Delegation of CA Maldives to ICAI
OTHER UPDATES
- Clarification regarding the fake websites.
- Amendment of Rule 55 of the ESI Central Rules 1950- Notification.
- India and World Bank sign $125 Million Loan to support access to Social Protection Services in West Bengal.
- Aadhaar authentication services for validation of the identity of users of the FINnet system.
- The Central Board recommends an 8.10% rate of interest to its subscribers for the year 2021-22.
Blog of the Week: Clarification on provisions given in the Union Budget 2022: https://cacult.com/clarification-on-provisions-given-in-the-union-budget-2022/
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