Weekly Updates from CA Cult (2nd Week – February 2023)

Weekly Updates from CA Cult (2nd Week – February 2023)

Weekly Updates from CA Cult (2nd Week – February 2023)

Important Updates from last week:


  2. Centralised Processing of Equalisation Levy Statement Scheme, 2023.
  3. 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.


  1. 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.


  1. 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)

  1. Alignment of RoDTEP Schedule for chapter 28, 29, 30 & 73 with First Schedule of the Customs Tariff Act, 1975- NOTIFICATION No: 55 /2015-2020.
  2. 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.
  3. Assistance in filing of the applications for fixation of Standard Inputs Output Norms (SION)- Trade Notice No. 26/2022-23.


  1. RBI Extends Market Trading Hours.
  2. The RBI issues an updated Alert List.
  3. Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India.

Securities and Exchange Board of India (SEBI)

  1. SEBI statement on the Market Stability.
  2. Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs).
  3. 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.
  4. Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2023.
  5. Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2023.
  6. Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA.
  7. 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.
  8. 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).
  9. Status of SCORES complaints as on January 31, 2023.

Institute of Chartered Accountants of India (ICAI)

  1. 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.
  2. Exposure Drafts of Guidance Note on Financial Statements of Non-Corporate Entities and Guidance Note on Financial Statements of Limited Liability Partnerships for comments.
  3. Important Announcement for November, 2023 CA Examination.
  4. The Institute of Chartered Accountants of India (ICAI) celebrated its 73rd Annual Function.
  5. A Primer on the Concept of Social Stock Exchange.
  6. Registration for Online Home-Based Practical Training Assessment.


  1. 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:

  1. Income tax comparison under Old Tax Regime | New Tax Regime | Proposed Slab Rates in New Tax Regime: https://www.youtube.com/watch?v=luf0ryMWC5Q
  2. How to prepare GSTR-1 from Tally | Offline GST Return | JSON Import | Quick filing of GST Return: https://www.youtube.com/watch?v=8byewKi5KHU
  3. 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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CA Cult