Newsletter from CA Cult – For Latest Updates (1st Week October)

Weekly Newsletter from CA Cult – For Latest Updates (1st Week of October 2024)

Income-tax

1. Extension of timelines for filing of various reports of audit for the Assessment Year 2024-25- reg.
2. CBDT notifies Rules and Forms for Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024.

CBIC

1. Archival of GST Returns data on GST portal.
2. Restoration of GST Returns data on the Portal.
3. Advisory on issuance of Notices/Orders without digital signatures of the issuing authorities.
4. Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Odisha.
5. Recommendations during 54th meeting of the GST Council.
6. Advisory: GSTN e-Services App to Replace the e-Invoice QR Code Verifier App Shortly.
7. Notification under Section 171 of CGST Act to provide for the sunset date – Notification No. 19/2024 – Central Tax.
8. Advisory on Proper Entry of RR No./Parcel Way Bill (PWB) Numbers in EWB system Post EWB-PMS Integration.

MCA

1. Form CSR-2 shall be filed separately for financial year 2023-2024

DGFT

1. Amendment in Chapter 5 of the Handbook of Procedures (HBP) 2023, related to EPCG Scheme to reduce ‘Compliance Burden’ and enhance ‘Ease of doing Business’ — reg.
2. Amendment in Export Policy of Non-basmati White rice under HS code 1006 30 90 – Notification No. 31 /2024-25.

RBI

1. Gold loans – Irregular practices observed in grant of loans against pledge of gold ornaments and jewellery.
2. Due diligence in relation to non-resident guarantees availed by persons resident in India.
3. Directions – Compounding of Contraventions under FEMA, 1999.

SEBI

1. Usage of UPI by individual investors for making an application in public issue of securities through intermediaries.

ICAI

1. Extension of last date for payment of Membership /COP fee for the year 2024-25 to 31st December, 2024.
2. Reschedulement of Chartered Accountants Examination, November 2024.
3. ICAI invites suggestions for Comprehensive Review of the Income-tax Act, 1961.
4. Notification for Online Assessment Test (AT) for Certificate Course Financial Markets and Securities Laws (FMSL)- October 2024 on for the following dates through Digital learning Hub Organized by Committee on Financial Markets and Investors’ Protection of ICAI.
5. Announcement for Extension of Last Date for Submitting MEF 2024-25 from 07th October to 21st October, 2024.

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