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Daily Newsletter - October 28, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Legal Updates:

GST

MCA

SEBI

IFSCA

Customs

  

News Update:

Indian News:

Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodus

Can income tax officials take your PPF savings for unpaid tax dues? Know what the law says

GST registration gets easier as CBIC drops Udyam proof, sets seven-day limit for approvals

GST clarification on foreign investor brokerage offers sentiment boost, analysts say

Centre eases GST rules for post-sales discounts, no prior agreement needed from November 1

Sebi extends compliance deadline for debenture trustees till April 2027

GST officers told to split multi-yr tax notices, substantiate fraud claims

Gujarat HC sets GST audit timeline, directs tax officers to flag missing documents promptly

Audit can't replace a lender's due diligence: NFRA Chairperson Nitin Gupta

SC to examine tax treatment of EY US salary reimbursements for staff

Ind AS 117 reporting for Indian insurers: Why finance, actuarial and disclosure processes need to connect

  

International News:

PCAOB criticizes EY for fourth consecutive year over quality control deficiencies

Legal Updates:

GST:

Mandating TDS under Section 51 on registered recipients of specified waste, scrap, and used cooking oil [Notification No.7/2026-Central Tax]

Excluding suppliers of specified waste, scrap, and used cooking oil from Section 23(2) registration exemption [Notification No.6/2026-Central Tax]

The Central Goods and Services Tax (Amendment) Rules 2026 - Key procedural revisions and updated forms [Notification No.5/2026-Central Tax]

Notifies category of supplies for purpose of e-invoicing [Notification No.4]

Notifies section 153 to section 155 of Finance Act, 2026 to come into force [Notification No.3]

  

Amendment to definition of "Nominated Agency" under Notification No.26/2018-Central Tax (Rate) [Notification No.5/2026-Central Tax (Rate)]

Amendments under Section 9(3) to Notification No. 4/2017-Central Tax (Rate) regarding Reverse Charge Mechanism (RCM) supplies [Notification No.4/2026-Central Tax (Rate)]

Exemption of CGST on Psyllium seeds (Isabgol) [Notification No.3/2026-Central Tax (Rate)]

Amendments under Section 9(1) and 15(5) to Notification No. 9/2025-Central Tax (Rate) regarding tax rates and valuation [Notification No.2/2026-Central Tax (Rate)]

  

Amendment to definition of "Nominated Agency" under Notification No.27/2018 -Integrated Tax (Rate)​ [Notification No.5/2026-Integrated Tax (Rate)]

Amendments under Section 5(3) of IGST Act to Notification No. 4/2017-Integrated Tax (Rate) regarding Reverse Charge Mechanism (RCM) supplies​ [Notification No.4/2026-Integrated Tax (Rate)]

Exemption of IGST on Psyllium seeds (Isabgol)​ [Notification No.3/2026-Integrated Tax (Rate)]

Amendments under Section 5(1) of IGST Act and Section 15(5) of CGST Act to Notification No. 9/2025-Integrated Tax (Rate) regarding tax rates and valuation​ [Notification No.2/2026-Integrated Tax (Rate)]

  

Amendment to definition of "Nominated Agency" under Notification No. 26/2018-Union Territory Tax (Rate)​ [Notification No.5/2026-Union Territory Tax (Rate)]

Amendments under Section 7(3) of UTGST Act to Notification No. 4/2017-Union Territory Tax (Rate) regarding Reverse Charge Mechanism (RCM) supplies​ [Notification No.4/2026-Union Territory Tax (Rate)]

Exemption of UTGST on Psyllium seeds (Isabgol)​ [Notification No.3/2026-Union Territory Tax (Rate)]

Amendments under Section 7(1) of UTGST Act and Section 15(5) of CGST Act to Notification No. 9/2025-Union Territory Tax (Rate) regarding tax rates and valuation​ [Notification No.2/2026-Union Territory Tax (Rate)]

  

Clarification in respect of the omission of rule 96(10) of the Central Goods and Services Tax Rules, 2017 [Circular No.264]

Clarification in respect of receipt of payment for export of goods or services [Circular No.263]

Clarification on Input Tax Credit admissibility to authorised agents appointed by manufacturers for sale of motor vehicles, pursuant to Circular No. 231/25/2024-GST dated 10.09.2024 [Circular No.262]

Clarification on issues related to provisions of section 17(4) of the Central Goods and Services Tax Act, 2017 [Circular No.261]

Clarification on issues pertaining to Input Service Distributor [Circular No.260]

Clarification on various issues pertaining to the amount paid as pre-deposit as per sub-section (6) of section 107 or sub-section (8) of section 112 of the CGST Act [Circular No.259]

Clarification on issues related to demand, adjudication and appeal proceedings under the CGST Act, 2017 [Circular No.258]

Guidelines for the handling of applications for GST registration [Circular No.257]

 

MCA:

Relaxation of additional fees and extension of time for filing CRA-4 (Cost Audit Report in XBRL format) [Circular No.6]

 

SEBI:

Extension of timeline for compliance with terms and conditions by Debenture Trustees (DTs) for carrying out activities outside the purview of SEBI

 

IFSCA:

Certification on Cyber Security and Cyber Resilience for Designated Officers and other specified employees of Regulated Entities in the IFSCs

Review of SCC framework for trading on IIBX

Financial Soundness Criteria applicable to existing PSO(s) and the Applicant(s) desirous of commencing Payment System

 

Customs:

Seeks to amend notification No. 45/2025-Customs dated 24.10.2025 [Notification No.34]

Anti-Dumping Duty on imports of "Titanium Dioxide" originating in or exported from China PR-Implementation [Circular No.46]

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