Site icon CA Cult

Weekly Updates from CA Cult (1st Week of December 2023)

CA Cult

Weekly Updates from CA Cult (1st Week of December 2023)

Important Updates from last week:

Income-tax

  1. Godavari River Management Board notified under section 10(46) of the Income-tax Act, 1961.

CBIC

  1. Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Andhra Pradesh.
  2. Advisory on the Two-factor Authentication for Taxpayers.
  3. GST Revenue collection for November 2023, at ₹1,67,929 lakh crore records highest growth rate of 15% Y-o-Y.
  4. Seeks to exempt imports of Yellow Peas [HS 0713 10 10] from applicable BCD and AIDC up to 31.03.2024 – NOTIFICATION No. 64/2023-Customs.

MCA

  1. The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2023 issued on December 08, 2023.

DGFT

  1. Amnesty Scheme – Closure of cases of default in Export Obligation under Advance Authorisation and EPCG Schemes where applications have been filed with PRC/EPCG Committee for relaxation in policy/procedure on grounds of genuine hardship/adverse impact on trade – Trade Notice No. 35/2023-24.
  2. Incorporation of Policy Condition for export of Non-basmati rice under HS Code 10063090 – NOTIFICATION No. 47/2023.
  3. Export of Non-basmati White Rice (under HS Code 10063090) to Comoros, Madagascar, Equatorial Guinea, Egypt and Kenya through National Cooperative Exports Limited (NCEL) – NOTIFICATION No. 48/2023.
  4. Amendment in export policy of Onions – NOTIFICATION No. 49/2023.
  5. Amendment of Import Policy and Policy Conditions for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule –I (Import Policy) – NOTIFICATION No. 50/2023.
  6. Amendment in Export policy of De-Oiled Rice Bran – NOTIFICATION No. 51/2023.

RBI

  1. Reserve Bank of India (RBI) and Bank of England sign a Memorandum of Understanding on cooperation and exchange of information related to Clearing Corporation of India Limited.
  2. The Sovereign Gold Bond Scheme (SGBs) 2023-24.

SEBI

  1. Extension of timeline for implementation of provisions of circular SEBI/HO/OIAE/IGRD/CIR/P/2023/156 dated September 20, 2023 on Redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution platform.
  2. Revised framework for computation of Net Distributable Cash Flow (NDCF) by Infrastructure Investment Trusts (InvITs).
  3. Revised framework for computation of Net Distributable Cash Flow (NDCF) by Real Estate Investment Trusts (REITs).

ICAI

  1. Expression of Interest for empanelment of subject experts at the Foundation, Intermediate and Final levels of the CA course and Self-paced Online Modules.
  2. Information Systems Audit – Assessment Test (ISA – AT), January 2024.
  3. Commencement of BOS Live Learning Classes (LLC Batch – 1) under the New Scheme from 18th December for the students of Foundation course appearing in June 2024 examination.

PMLA

  1. Notified reporting entity under section 11A of the Prevention of Money-laundering Act (PMLA) 2002.

Videoes of the Week:

  1. What is Discard Return on Income-tax E-filing Portal and its features : https://www.youtube.com/watch?v=DKmWqPQBUR0
  2. Gifts received on Marriage / Wedding | Tax liability | Income-tax : https://www.youtube.com/watch?v=sE5kjmGsfCo
  3. Send money abroad from NRO Account | Foreign Remittance | Documents & Charges – Part – III: https://www.youtube.com/watch?v=GAy9As9XnfU

Subscribe to our YouTube Channel: https://www.youtube.com/channel/UCUZuSQHyKyarNzKtA5rAiFA

Exit mobile version