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ICAI has released Applicable Standards/ Guidance Notes/ Legislative Amendments for CA Foundation Examination December 2023.

ICAI releases Applicable Standards/ Guidance Notes/ Legislative Amendments for CA Foundation Examination December 2023

News

Finance Minister Nirmala Sitharaman has introduced bills to amend the Central and Integrated GST laws to impose a 28% tax on the entire face value of bets placed in online gambling, casinos, and horse race clubs.

CGST and IGST Amendment Bill introduced in Lok Sabha

Orders

The Disciplinay Committee of ICAI in the matter of CA. Akhilesh Agarwal has held CA guilty of misconduct for doing fraud of Rs.50,00,000.

CA guilty of misconduct for doing fraud of Rs.50,00,000

RBI Governor Shaktikanta Das instructed banks to maintain an incremental cash reserve requirement (CRR) of 10% on deposits increased between May 19 and July 28, with effect from the week beginning August 12. RBI notified this via issuing Notification.

Banks asked by RBI to temporarily maintain incremental CRR

RBI has imposed a monetary penalty of Rs.2.00 lakh on Mahabaleshwar Urban Co-operative Bank for contravention directions issued by RBI under Supervisory Action Framework (SAF), and directions issued by RBI on ‘Maintenance of Deposit Accounts’ and ‘Know Your Customer (KYC)’.

RBI imposes monetary penalty on Mahabaleshwar Urban Co-operative Bank; Know Details

Finance Minister is expected to present revisions to Central GST legislation on Friday and seek adoption during the monsoon session of Parliament, as the government races against the clock to secure the authority to tax online gaming, casinos, and horse racing.

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ICAI releases Applicable Standards/ Guidance Notes/ Legislative Amendments for CA Foundation Examination December 2023

CGST and IGST Amendment Bill introduced in Lok Sabha

CA guilty of misconduct for doing fraud of Rs.50,00,000

Banks asked by RBI to temporarily maintain incremental CRR

RBI imposes monetary penalty on Mahabaleshwar Urban Co-operative Bank; Know Details

Finance Minister likely to introduce Amendments in GST Law during Monsoon Parliament Session