Weekly Newsletter from CA Cult – For Latest Updates
Weekly Newsletter from CA Cult – For Latest Updates (4th Week of February 2024)
- Circular explaining the provisions of the Finance Act, 2023 – Circular No. 1/2024.
- Seeks to amend Notification 11/2021-Cus dated 01.02.2021 in order to exempt AIDC on goods falling under tariff item 5201 00 25 – Notification No. 11/2024-Customs.
- Advisory on Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal.
- Notification on the Consent based sharing of information furnished by taxable person – NOTIFICATION No. 06/2024 –Central Tax.
- Deployment and usage of Change Request Form (CRF) on MCA-21 – reg.
- Enhancing Transparency and Stakeholder Engagement in Liquidation Process.
- Deposit and withdrawal of unclaimed dividends and / or undistributed proceeds in accordance with regulation 46 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations).
- Relief in the Average Export Obligation in terms of the para 5.17(a) of Hand Book of Procedures (HBP) of FTP, 2023 – Policy Circular No. 10/2023-2024.
- Extension in Import Period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS), 2022, Schedule -I (Import Policy).
- Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility.
- Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit.
- Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework.
- Amendment to Master Direction on Prepaid Payment Instruments.
- Centralization of certifications under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) at KYC Registration Agencies (KRAs).
- Newly elected President of ICAI CA. Ranjeet Kumar Agarwal shared his vision for the year 2024-25. ‘Drishti’ Framework for Advancements in Education, Digitalization, Research, and Social Responsibility.
Videos of the Week
- Residential Status under Income Tax Act: https://www.youtube.com/watch?v=rflpjKzefkI
- Impact of Delay in Payment to Micro and Small Enterprises | Section- 43B | MSME | Income-tax Act: https://www.youtube.com/shorts/jL3dvEaqgak
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