Weekly Updates from CA Cult (1st Week of September 2023)

Weekly Updates from CA Cult (1st Week of September 2023)

Important Updates from last week:

Income-tax

1. Latest Updates on Income-tax E-filing Portal.
2. New Rules 13 and 13A inserted in Income-tax Rules.
3. Insertion of Rule 134 to the Income tax Rules 1962 – “Application under sub-section (20) of section 155 regarding credit of tax deduction at source (TDS) ” – NOTIFICATION.
4. CBDT releases the fifth annual APA report. CBDT records signing of 95 APAs in FY2022-23, the highest ever in any financial year since the launch of the APA programme.

CBIC

1. Seeks to levy Anti-dumping Duty (ADD) on Fishing Net – NOTIFICATION No. 08/2023-Customs (ADD).
2. Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication.
3. Introducing Electronic Credit Reversal and Reclaimed statement.

MCA

1. Limited Liability Partnership (Second Amendment) Rules, 2023
2. Resignation of shri Krishnamurthy Subramanian Part-time member of IBBI.

DGFT

1. Introduction of additional safeguards for export of Basmati rice to prevent exports of Non-Basmati white rice through mis-classification as Basmati rice.
2. Amendment in Registration Fees under Steel Import Monitoring System (SIMS) – NOTIFICATION No. 28/2023.
3. SCOMET Updates 2023 – Amendment in Appendix 3 (SCOMET items) to Schedule- 2 of ITC (HS) Classification of Export and Import Items, 2018- NOTIFICATION No. 27/2023.
4. Amendment in Export Policy of Non-basmati rice under HS Code 10063090 – NOTIFICATION No. 29/2023.
5. Export of Non-Basmati White Rice (under HS code 1006 30 90) to Bhutan, Mauritius and Singapore – NOTIFICATION No. 30 /2023.
6. Revised SION’s for the leather, leather products and footwear- PUBLIC NOTICE No. 30/2023

SEBI

1. Guidelines for MIIs regarding Cyber security and Cyber resilience.

ICAI

1. Mock Test Papers Series – I for Students appearing in CA Foundation Course December 2023 Examinations.
2. Mock Test Papers Series – II for Students appearing in CA Foundation Course December 2023 Examinations.
3. Mock Test Papers Series – I for Students appearing in CA Final/Intermediate November 2023 Examinations.
4. Mock Test Papers Series – II for Students appearing in CA Final/ Intermediate November 2023 Examinations.

Videos of the Week:

1. Online Gaming and its Taxation | Winning | Tax Burden | GST | Income-tax: https://www.youtube.com/watch?v=boWIAyiebi4
2. How to Register your TAN online before filing TDS/TCS Return?: https://www.youtube.com/watch?v=UqbRXjcRKBA
3. How to get a Registration of Copyright (ROC) Certificate online? (Part 3): https://www.youtube.com/watch?v=VeQVsl2u1pY

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