Weekly Updates from CA Cult (4th Week – July 2023)
Weekly Updates from CA Cult (4th Week – July 2023)
Important Updates from last week:
- Union Finance Minister Smt.Nirmala Sitharaman presides over the 164th Income Tax Day celebrations at New Delhi.
- Condonation of delay under clause (b) of sub-section (2) of section 119 of the Incometax Act, 1961 for returns of income claiming deduction u/s 80P of the Act for various assessment years from A Y 2018-19 to AY 2022-23- Reg.
- Form for exercising option by a Goods Transport Agency (GTA) intending to revert under reverse charge mechanism (RCM).
- Amendment in exemptions on supply of services under CGST Act.
- mendment in the categories of services on which tax will be payable under reverse charge mechanism under CGST Act.
- Seeks to amend No. 01/2017- Central Tax (Rate) (CGST Rate Schedule notified under section 9 (1)) to implement the decisions of 50th GST Council.
- Amendment in exempt central tax on supply of gold by nominated agencies to registered persons.
- Amendment in Export policy of De-Oiled Rice Bran – NOTIFICATION No. 21/2023.
- Reserve Bank of India clarifies on Star Series Banknotes.
- Securities and Exchange Board of India (Stock Brokers) (Second Amendment) Regulations, 2023.
- Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2023.
- Resources for Trustees of the Mutual Funds.
- Framework for Corporate Debt Market Development Fund (CDMDF).
- LIST OF ORGANIZATIONS PARTICIPATING IN THE CAMPUS PROGRAM AUGUST-SEPTEMBER 2023.
OTHER UPDATES:
- IRDAI advised Insurance Companies to settle claims arising out of floods in North India on Fast Track.
- Life Insurance Corporation of India (Employees) Pension (Amendment) Rules, 2023.
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