Weekly Updates from CA Cult (3rd Week – March 2023)
Weekly Updates from CA Cult (3rd Week – March 2023)
Important Updates from last week:
- CBDT’s e-Verification Scheme harnesses information technology to facilitate voluntary compliance.
- Telecom equipment in the context of notification No. 02/2019-Customs dated 29-01-2019 amending notification No. 57/2017-Customs dated 30.06.3017 -reg.
- Seeks to amend notification No. 50/2017- Customs, dated 30.06.2017, in order to reduce the BCD on Tur Whole to Nil – Notification No. 16/2023-Customs.
- Delhi South CGST unearths fake invoicing racket involving tax evasion of Rs. 17 crore, 2 held.
- Designation of Special Court in State of Jharkhand.
- Central Government establishes a Centre for Processing Accelerated Corporate Exit (hereinafter referred to as C-PACE).
- Amendment in Policy Conditions under ITC HS code 2515 of Chapter 25 and 6802 of Chapter 68 of Schedule-I (Import Policy) of ITC (HS) 2022- NOTIFICATION No. 60 /2015-2020.
- Reserve Bank of India (RBI) and Central Bank of the UAE sign MoU to promote innovation in financial products and services.
- Reporting and Accounting of Central Government transactions for March 2023.
- Clarification with respect to Qualified RTAs (QRTAs).
- Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2023.
- The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition of AMC Repo Clearing Limited under Regulation 12 of the Securities Contracts.
- Common and simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and Nomination.
- Notification for Online Assessment Test (AT) for Certificate Course on Fundamental and Technical Analysis of Stocks including equity Research (FATA) on for the following dates through Digital learning Hub Organized by Committee on Financial Markets and Investors’ Protection of ICAI.
- Taking forward India’s economic growth story, ICAI join hands with CII as a Prime partner for B20.
- Sessions starting from 21st March for CA. Final & 22nd March for CA. Intermediate students appearing in May 2023 examinations.
- Guidance Note on Audit of Banks (2023 Edition) – ICAI.
OTHER UPDATES
- Government to protect the interests of workmen as per the provision of the Industrial Disputes Act, 1947.
- Code on Social Security, 2020 provides for framing of suitable social security schemes for gig and platform workers.
- All grievances and monitoring of the outstanding dues of MSEs facilitated through Samadhan Portal.
- Notification of reconstitution of advisory committee for MSME Ministry of Micro Small and Medium Enterprises as provided in the Chapter III sub section (2) of section 7 of the Micro Small and Medium Enterprises Development Act 2006 (27 of 2006) request for Gazette notification regarding.
- UIDAI makes online document update in Aadhaar free of cost; to benefit millions of residents.
- Maintenance of Books of Accounts and their retention period under different Acts / Laws: https://cacult.com/maintenance-of-books-of-accounts-under-the-different-acts/
- Important changes in Form 26AS from AY 2023-24 onwards: https://cacult.com/important-changes-in-form-26as-from-ay-2023-24-onwards/
Video of the Week:
- Important compliance to be done on or before 31st March 2023: https://www.youtube.com/watch?v=IKmbXJU6seQ
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