Newsletter from CA Cult – For Latest Updates (December 2024)

Weekly Newsletter from CA Cult – For Latest Updates (3rd Week of December 2024)

Income-tax

1. Guidance Note 2/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 – reg.

CBIC

1. Recommendations of the 55th Meeting of the GST Council.
2. Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Haryana, Manipur, Meghalaya and Tripura.
3. Advisory on difference in value of Table 8A and 8C of Annual Returns FY 23-24.
4. Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Chhattisgarh, Goa and Mizoram.
5. Advisory on Updates to E-Way Bill and E-Invoice Systems.
6. Advisory for Entry of RR No./eT-RRs in EWB system Post EWB-FOIS Integration.

DGFT

1. Procedure for implementation of Import Management System for import of restricted IT Hardware (viz. Laptops, Tablets, All-in-one Personal Computers, Ultra small form factor computers and Servers under IISN 8471) for the calendar year 2025 -reg.
2. EPCG Scheme – Applicability of amendment to Para 5.10(c) of Hand Book of Procedures 2015-20 (Mid-Term Review).
3. Fixation of one new Standard Input Output Norms (SIONs) at SION A-3683 under ‘Chemical and Allied Product’ (Product Code ‘A’) – Public Notice No. 34 /2024-25.
4. Rescheduling of Launch Date for Preferential eCoO 2.0 System – Trade Notice No. 24/2024-25.

SEBI

1. Transaction in Securities of Unlisted Public Limited Companies on Electronic Platforms.
2. SEBI issues directions to stock exchanges in the Commodities Derivative Segment.

ICAI

1. Information Systems Audit – Assessment Test (ISA – AT), on 25th January 2025.
2. Last date for Registration in Foundation Course for appearing in Foundation Examination to be held in May, 2025.
3. CA Final results are likely to be declared on 26th December.
4. Post Qualification Courses (PQC) examination held in November 2024 are likely to be declared on Thursday, the 26th December 2024 (Late Evening).

OTHER UPDATES:

1. Prompt response of clarifications sought in respect of Registration/ Renewal/ Prior permission applications under the Foreign Contribution (Regulation) Act (FCRA), 2010 – PUBLIC NOTICE

Blog of the Week:

1. Amendment in Banking Regulation Law 2024: A Focus on Auditor Remuneration

Videos of the Week:

1. Calculation of Income Tax FY 2024-25 | Old vs New Regime | For Salaried Employees: https://www.youtube.com/watch?v=WVQa59QNncM
2. Big Update on Remuneration of the Statutory Auditors | Banking Regulation Law 2024: https://www.youtube.com/shorts/bLpn8MKUtrQ

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