Finance

Cabinet approves release of an additional instalment of Dearness Allowance and Dearness Relief from 1-7-2023.

In fight against fake ITC, Director General of GST Intelligence (DGGI) has detected more than 6000 fake ITC cases involving more than Rs. 57,000 Cr. GST evasion with arrest of 500 persons between April 2000 to September 2023.

RBI amends Master Directions on Know Your Customer (KYC) norms.

Circular No. RBI/2023-24/69 DOR.AML.REC.44/14.01.001/2023-24, dated 17-10-2023.

ICAI issues ‘Technical Guide on Internal Audit of Pharmaceutical Industry’.

ICAI issues ‘Manual on Concurrent Audit of Banks’.

Sec. 138 of the Negotiable Instruments Act – Courts below should frame issue after careful thought and application of judicial mind to avoid litigation travelling all the way upto Supreme Court.

Rajesh Jain v. Ajay Singh – [2023] 155 taxmann.com 179 (SC).