Weekly Newsletter from CA Cult – For Latest Updates

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

Income-tax

1. Direct Tax collections at 80.61% of total Budget Estimates of Direct Taxes for F.Y. 2023-24 upto 10.01.2024.

CBIC

1. Advisory on the introduction of new Tables 14 & 15 in GSTR-1.
2. Advisory on Payment through Credit Card (CC)/Debit Card (DC) and Unified Payments Interface (UPI).
3. Seeks to amend Second Schedule to the Customs Tariff Act to prescribe export duty of 50% on exports of Molasses (HS 1703) – Notification No. 01/2024-Customs.
4. Seeks to amend notification Nos. 48/2021 and 49/2021 – Customs both dated 13.10.2021 in order to extend the existing concessional import duties on specified edible oils up to and inclusive of the 31st March 2025 – Notification No. 02/2024-Customs.

DGFT

1. Extension of Validity of Pre-Shipment Inspection Agencies (PSIAs) – Public Notice No. 37/2023.
2. Clarification regarding Import Policy Provisions for Laptops, Tablets, All-in-one Personal Computers and Ultra Small Form Factor Computers, Servers under HSN 8471- Policy Circular No. 09/2023-24.
3. Amendment in policy condition of silver covered under Chapter 71 of Schedule –I (Import Policy) of ITC (HS) 2022 – NOTIFICATION No. 57/2023.

RBI

1. Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks.
2. RBI notification on the Credit/Investment Concentration Norms – Credit Risk Transfer.
3. Second Schedule to the Reserve Bank of India Act, 1934 – Norms for inclusion.
4. Public Holiday on January 22, 2024 under the Negotiable Instruments Act, 1881.
5. Exchange / Deposit facility of ₹2000 banknotes at RBI – Non-availability on Monday, January 22, 2024.

SEBI

1. Ease of Doing Investments by Investors-Facility of voluntary freezing/ blocking of Trading Accounts by Clients.

ICAI

1. Final Paper 6: Integrated Business Solutions MCQ Weightage and Duration of Examination.
2. Last date for Registration in the Foundation Course for appearing in June, 2024 Foundation Examination.
3. Announcement for Candidates 59th Campus Placement Program Feb-Mar 2024.
4. The 17th ICAI Awards Ceremonial Triumph: Recognizing Excellence and Innovation in Accountancy.

OTHER UPDATES

1. The Draft Trademarks (Amendment) Rules, 2024 – NOTIFICATION.

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