Category: Updates
The DGFT has announced rule changes to simplify the calculation of the “composition fee” for the extension of export obligations under the “Advance Authorization Scheme (AES).” These rule changes …
MCA has issued a notice inviting online public comments on the proposed amendments in the Insolvency and Bankruptcy Code (IBC) 2016, latest by 07/02/2023. The establishment of an effective …
The NFRA has requested feedback on the proposed new requirement of publishing an annual transparency report (ATR) by the statutory auditors of NFRA-regulated public interest entities (PIEs) from Financial …
The ICAI has released a “Technical Guide on Digital Assurance” to provide guidance to members on the use of technology in audits (January 2023 Edition). The ICAI came to …
The ICAI has published the final set of its “Social Audit Standards (SASs)”. Social Auditors are required to follow these 16 SASs in the social audits commencing on or …
The CBIC has clarified the issues concerning the applicability of GST to certain services, such as Air Force Mess accommodations and MeitY incentives to acquiring banks for RuPay Debit …
The National Financial Reporting Authority (NFRA) of India is reportedly proposing to establish a method for auditors that would assist them in keeping their audit documentation files and information …
The Institute of Chartered Accountants of India (ICAI) has released an exposure draft of the “Guidance Note on Audit of Public Charitable Institutions u/s 12A of the Income Tax …
CBIC has notified the “Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (CAVR 2023)” to address the threat of undervalued imports. These Rules prescribes the manner …
The MCA has decided to allow the physical filing of Forms GNL-2 and MGT-14 between 07/01/2023 and 22/01/2023, as the MCA21 Portal transitions from V2 to V3. Following the …
