Weekly Updates from CA Cult (2nd Week – February 2023)
Weekly Updates from CA Cult (2nd Week – February 2023)
Important Updates from last week:
- CORRIGENDUM TO CIRCULAR NO. 23 OF 2022 DATED 03.11.2022 – EXPLANATORY NOTES TO FINANCE ACT, 2022.
- Centralised Processing of Equalisation Levy Statement Scheme, 2023.
- Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore – 24.09% higher than gross collections for corresponding period of last year as on 10.02.2023.
- Amendment in Circular No. 29/2020-Customs dated 22.06.2020 for allowing transhipment of Bangladesh export cargo to third countries through Delhi Air Cargo – Circular No. 03/2023-Customs.
- Extension of Time for filing of 45 company e-Forms and PAS-03 in MCA 21 Version 3.0 without additional fee -reg.
Directorate General of Foreign Trade (DGFT)
- Alignment of RoDTEP Schedule for chapter 28, 29, 30 & 73 with First Schedule of the Customs Tariff Act, 1975- NOTIFICATION No: 55 /2015-2020.
- Addition of Gemological Science International (GSI) Pvt. Ltd., Mumbai, Maharashtra, India in Para 4.42 of Foreign Trade Policy (2015-20)- NOTIFICATION No. 56/2015-2020.
- Assistance in filing of the applications for fixation of Standard Inputs Output Norms (SION)- Trade Notice No. 26/2022-23.
- RBI Extends Market Trading Hours.
- The RBI issues an updated Alert List.
- Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India.
Securities and Exchange Board of India (SEBI)
- SEBI statement on the Market Stability.
- Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs).
- Grant of extension of time to entities operating/desirous of operating as Online Bond Platform Providers (OBPPs) for making an application to obtain certificate of registration as a stock broker under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992.
- Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2023.
- Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2023.
- Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA.
- Clarification w.r.t. issuance and listing of perpetual debt instruments, perpetual non-cumulative preference shares and similar instruments under Chapter V of the SEBI (Issue and Listing of Non convertible Securities) Regulations, 2021.
- Clarification in respect of the compliance by the first-time issuers of debt securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 with Regulation 23(6).
- Status of SCORES complaints as on January 31, 2023.
Institute of Chartered Accountants of India (ICAI)
- Notification for Online Assessment Test (AT) for Certificate Course on Forex and Treasury Management (FXTM) on 9th February 2023. – 10:00 AM to 12:00 PM & 2:00 PM to 4:00 PM.
- Exposure Drafts of Guidance Note on Financial Statements of Non-Corporate Entities and Guidance Note on Financial Statements of Limited Liability Partnerships for comments.
- Important Announcement for November, 2023 CA Examination.
- The Institute of Chartered Accountants of India (ICAI) celebrated its 73rd Annual Function.
- A Primer on the Concept of Social Stock Exchange.
- Registration for Online Home-Based Practical Training Assessment.
- Comparison between “Income tax under the Old Tax Regime and Tax rates proposed under the Union Budget 2023-24 for New Tax Regime”.
Videos of the Week:
- Income tax comparison under Old Tax Regime | New Tax Regime | Proposed Slab Rates in New Tax Regime: https://www.youtube.com/watch?v=luf0ryMWC5Q
- How to prepare GSTR-1 from Tally | Offline GST Return | JSON Import | Quick filing of GST Return: https://www.youtube.com/watch?v=8byewKi5KHU
- What is TAN Number and How to apply for TAN online via TIN NSDL Portal: https://www.youtube.com/watch?v=WaQoLkWT4Bc
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