Weekly Updates from CA Cult (1st Week – July 2023)

Weekly Updates from CA Cult (1st Week – July 2023)

Weekly Updates from CA Cult (1st Week – July 2023)

Important Updates from last week:

Income-tax

  1. Corrigenda to Circular No.10 of 2023 dated 30th June, 2023 (Circular to remove difficulty in implementation of changes relating to Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) and on purchase of overseas tour program package).
  2. Order U/s 120 of the Income-tax Act, 1961.

CBIC

  1. Sixth GST Day with vision GST@6 सरलीकृत कर, समग्र विकास celebrated at New Delhi.
  2. Notification to bring Goods & Services Tax Network (GSTN) under the Prevention of Money Laundering Act (PMLA).

MCA

  1. Final Panel of IPs and IPEs as IPs prepared in accordance with ‘Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2023’, for appointment as IRP, liquidator, RP and BT, during the period July 1, 2023, to December 31, 2023.

DGFT

  1. Procedure for allocation of quota for export of broken rice on humanitarian and food security grounds, based on requests received from Governments of other countries – Trade Notice no. 12/2023.
  2. Amendment in import policy condition for items under ITC(HS) code 07019000 of Chapter 07 of ITC (HS), 2022, Schedule – I (Import Policy)- Notification No. 16/2023.
  3. Procedure for allocation of quota for export of broken rice on humanitarian and food security grounds, based on requests received from Governments of other countries – Trade Notice No. 13/2023.

RBI

  1. Withdrawal of ₹2000 Denomination Banknotes – Status.

SEBI

  1. Appointment of Director nominated by the Debenture Trustee on boards of issuers.
  2. Roles and responsibilities of Trustees and board of directors of Asset Management Companies (AMCs) of Mutual Funds.
  3. Regulatory Framework for Sponsors of a Mutual Fund.

ICAI

  1. Announcement for Candidates 58th Campus Placement Program August-September 2023.
  2. Important Update on Results of the CA Final and Intermediate Examination May 2023.
  3. Important Announcement on the result of International Taxation AT.
  4. Check out the Important Dates for Online Assessment Test (AT) for Certificate Course on FXTM and FMSL.
  5. Important Announcement for November-December 2023 CA Examinations.
  6. Important Dates for Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) -Adv. Information Technology Test – Computer Based Mode (CBT).
  7. The Institute of Chartered Accountants of India (ICAI) today announced the results of Chartered Accountants Final & Intermediate Examination held in May, 2023.
  8. ICAI Doctoral Scholarship Scheme 2023 – An Initiative by the Research Committee (Last Date: September 30, 2023).

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