Newsletter from CA Cult – For Latest Updates (2nd Week)

CA Cult

1 month ago

Weekly Newsletter from CA Cult – For Latest Updates (2nd Week of October 2024)

Order authorizing Income-tax authorities to admit an application or claim for refund and carry forward of loss and set off thereof under section 119(2)(b) of the Income-tax Act, 1961 reg.
Procedure for making declaration and furnishing undertaking in Form-1 under Rule 4 of The Direct Tax Vivad Se Vishwas Rules, 2024 – Notification No. 4 of 2024.

Notifications to amend the rate post 54th GST Council.
Seeks to notify the special procedure under section 148 of the CGST Act for rectification of demand orders issued for contravention of section 16(4) of the said Act – NOTIFICATION No. 22/2024– CENTRAL TAX.
Seeks to provide waiver of late fee for late filing of NIL FORM GSTR-7 – NOTIFICATION No. 23/2024–Central Tax.

Provision for Import/ Re-import of “Exhibits and Sample” — Trade Notice No. 20 / 2024-25.
Amendment in Appendix 10M of Para 10.15 in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2023 to include more items under the purview of Global Authorization for Intra-Company Transfer (GAICT) of SCOMET items/software/technology- Public Notice No. 26/2024-2025.
Applicability of Para 4.08 (ii) of HBP in case of inputs being procured by Advance Authorisation Holders from Units located in SEZ – Policy Circular No. 08/2024-25.

Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit.
Submission of information to Credit Information Companies (CICs) by ARCs.
Facilitating accessibility to digital payment systems for Persons with Disabilities – Guidelines.

Change in timing for securities payout in the Activity schedule for T+1 Rolling Settlement.

Important Announcement on the Self-Paced Module Test.
Notification for Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection (FAFD) on Saturday, November 9, 2024.
Notification for Online Eligibility Test (ET) for Post Qualification Course on Information Systems Audit on Saturday, the 16th November, 2024 (10:00 AM to 12:30 PM) Organized by Digital Accounting and Assurance Board of ICAI.