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Daily Newsletter - August 26, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Draft

CCI Draft

International Content:

FASB Reference Material

Legal Updates:

GST

Customs

 


  

News Update:

Indian News:

No GST on fines, penalties, late fees collected by RBI, says Maha AAR

New platform to help auditors, banks verify key company information online

India sets out to close a critical auditing standard gap to align itself with global peers

GST payers with no valid bank account barred from filing GSTR-1 from Sept 1

What is the new Unified Pension scheme and how is it different from NPS?

RBI to launch Unified Lending Interface to transform lending space: Das

Foreign shipping companies granted Rs 3,000 crore GST exemption for FY18

Cases over Rs 1,000 crore make up 90% insolvency claim value

SEBI’s expenditure on investor protection and education at 10-year low in FY24

FM tells officers to effectively implement GST, keep positive attitude

Irdai forms task force to tackle challenges, boost growth of surety bonds

GST meeting: Group of Ministers agree on maintaining current tax slab but no word on online gaming

 

International News:

EY Sheds U.S. Audit Clients in Response to Shortfalls


Exposure Drafts:

IBBI Draft:

Discussion Paper on MSME Registration and Disclosure Framework under CIRP
[Last date for Comments: September 12, 2024] 
  

 

CCI Draft:

Consultation on draft CCI Recruitment Rules
[Last date for Comments: September 23, 2024] 
  


International Content:

FASB Reference Material:

Accounting Standards Update:
Compensation — Stock Compensation (Topic 718)
Scope Application of Profits Interest and Similar Awards


Legal Updates:

GST:

Advisory: Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Dadra and Nagar Haveli and Daman and Diu AND Chandigarh

Advisory: Introduction of RCM Liability/ITC Statement

Advisory: Furnishing bank account details before filing GSTR-1/IFF

  

Customs:

Amendment to revise the AIR of duty drawback of gold and silver jewellery/articles [Notification No.55(NT)]

Seeks to continue levy of anti-dumping duty on "Chlorinated Polyvinyl Chloride Resin (CPVC)-whether or not further processed into compound" imported from China PR and Korea RP, for 5 years pursuant to Sunset Review Final Findings issued by DGTR [Notification No.15(ADD)]


  

  

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