Weekly Updates from CA Cult (4th Week of June 2023)
Weekly Updates from CA Cult (4th Week of June 2023)
Important Updates from last week:
- New Rule 21AGA (Exercise of option under sub-section (6) of section 115BAC) inserted under the Income-tax Rule, 1962.
- Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 12.73%.
- Extension of due date for furnishing GST Return – Manipur- NOTIFICATION.
- DGGI Gurugram officials bust racket involving 539 fake entities and fraudulently claiming ITC of Rs. 1,124.66 crore, one held.
- Relaxation in paying additional fees in case of delay in filing DPT-3 for the Financial Year ended on 31st March 2023 up to 31st July 2023-reg.
- Amendment in Paragraph 10.08 (ix) in the Foreign Trade Policy 2023 to amend the Policy for General Authorisation for Export of Chemicals and related Equipments (GAEC) – Notification No. 12/2023.
- Amendment in Paragraph 10.16 (A) in the Handbook of Procedures 2023 to amend the procedure for General Authorisation for Export of Chemicals and related Equipments (GAEC).
- Modification of SION E-121 – Public Notice No. 16/2023.
- Amendment in Export policy of HS Code 2610 – Notification No. 13/2023.
- Amendment in procedure for import of Copper products and Zinc Oxide under the Revised India Nepal Treaty of Trade – PUBLIC NOTICE No. 17 /2023.
- DGFT liberalizes and simplifies the policy for export of Drones/Unmanned Aerial Vehicles (UAVs) for civilian end uses from India.
- Fixation/ Review of Norms of advance authorization by Norms Commitee (NC-7) from new online Norms Fixation IT module – Trade Notice No. 10/2023.
- Process for EOP extension and issuance of EODC for Advance Authorisation for Annual Requirement – Trade Notice No. 11/2023.
- Amendments in Category 5B of the Appendix 3 (SCOMET LIST) to Handbook of Procedures 2023 – PUBLIC NOTICE No. 19/2023.
- Amendment under Appendix 2T (List of Export Promotion Councils/Commodity Boards/Export Development Authorities) of Appendices and ANFs of FTP 2023 – PUBLIC NOTICE No. 18 /2023.
- RBI Clarification on the Banknote.
- Master Circular for Issue of Capital and Disclosure Requirements.
- Announcement for Candidates for appearing in December, 2023 Foundation Examination under the Existing Scheme of Education and Training.
- Announcement for New Scheme of Education and Training.
- Gazette Notification w.r.t New Scheme of Education and Training.
- Checklist on the Standards on Auditing by ICAI.
- Restricting revocation of the UDINs within 48 hours.
- Insurance Companies to Settle Biparjoy Claims on Fast Track.
Video of the Week: Tip of the Day on Income-tax Return (ITR) Filing for AY 2023-24: https://www.youtube.com/watch?v=4PC_QE4Gfcs
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