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Archive: 02 September 2024

Posts in 02 September 2024

Empanelment of CA firms for Internal Audit of Units of Karnataka State Aids Prevention Society

September 2, 2024 876 Views 0 comment Print

KSAPS invites CAG-empanelled CA firms for internal audit of district and peripheral units for FY 2023-24. Apply by 10/2024. Details inside.

Clarification on Misreported CA in Trading Fraud Case

September 2, 2024 4680 Views 0 comment Print

ICAI clarifies that the individual involved in a trading fraud, reported as a Chartered Accountant, is actually a CA student, not a qualified professional.

2024 Annual SCOMET Update Amends Appendix 3 to Schedule-2 of ITC (HS) Classification

September 2, 2024 5595 Views 0 comment Print

Govt of India updates SCOMET Appendix 3 in ITC (HS) for 2024. New regulations effective 30 days from September 2, 2024, available on DGFT portal.

Review of Extant Instructions – RBI Withdraws Outdated Circulars

September 2, 2024 636 Views 0 comment Print

RBI withdraws several outdated circulars from 1987-2011, replacing them with updated guidelines on credit facilities, banking services, and microcredit regulations.

SEBI Report: 54% of IPO Shares Sold Within a Week

September 2, 2024 1338 Views 0 comment Print

SEBI study reveals 54% of IPO shares (excluding anchor investors) are sold within a week. Key findings include “flipping” behavior and trends post-COVID.

Brief history of GST in India

September 2, 2024 5211 Views 0 comment Print

Explore the timeline of GST in India, from its initial discussions in 2000 to its implementation in 2017, and the GST Council’s key role in shaping the tax system.

Allahabad HC stays demand of GST on royalty

September 2, 2024 1566 Views 0 comment Print

Allahabad High Court stays GST demand on mining royalties, pending review. Case linked to SLP before Supreme Court.

Performance of Private Corporate Business Sector during Q1 2024-25 released by RBI on 30th Aug 24

September 2, 2024 621 Views 0 comment Print

RBI’s Q1 2024 report reveals private corporate sector sales growth at 6.9%, higher profits, and varying sector performances. Manufacturing leads in sales.

Notifications and Circulars for Week ending 1st September 2024

September 2, 2024 1080 Views 0 comment Print

Key updates from Income Tax, GST, Central Excise, Customs, DGFT, and SEBI for the week of August 26 – September 1, 2024, including tax notifications, rulings, and regulatory amendments.

Foreign Manufacturers’ Certification Scheme of BIS

September 2, 2024 978 Views 0 comment Print

Learn the process for foreign manufacturers to obtain BIS certification under the FMCS, including requirements, fees, and necessary documentation.

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