CAclubindia News
CBDT Revises Form 161 for Penalty Waiver Applications Under Income Tax Act 2025
10 October 2026 at 09:04CBDT revises Form 161 under the Income-tax Rules, 2026, for penalty waiver applications under Section 440(2) of the Income-tax Act, 2025.
GST Council Recommends Major Compliance Reforms: IPR Taxation, Late Fee Relief and E-Invoicing Changes
09 October 2026 at 10:20The GST Council recommends key GST reforms covering ITC blocking, late fee waiver for eligible small taxpayers, IPR taxation, e-invoicing, GST notices and ARQP...
GST Council Recommends Major Reforms in ITC Refunds, Blocked Credits and Export Benefits
09 October 2026 at 10:14The GST Council recommends wider ITC refunds on capital goods and input services, changes to blocked credit rules, and new export-related benefits for Indian businesses.
GST Council Recommends Changes to E-Way Bill Rules to Ensure Smoother Movement of Goods
09 October 2026 at 10:07The GST Council recommends changes to e-way bill rules, restricting vehicle interception, limiting checks in transit states and clarifying detention and confiscation provisions under the CGST Act.
GST Council Recommends Withdrawal of Arrest Powers, Raises Prosecution Threshold to Rs 5 Crore
09 October 2026 at 09:44The GST Council recommends withdrawing arrest powers under Section 69, raising the prosecution threshold from ₹1 crore to ₹5 crore and rationalising GST offences and punishments.
57th GST Council Recommendations Relating to Services
09 October 2026 at 09:41Explore GST Council recommendations relating to services, including EV transport, e-commerce delivery, input tax credit, GST exemptions, highway projects and banking transactions.
57th GST Council Meet Recommends Changes and Clarifications in GST Rates on Goods and Services
09 October 2026 at 09:40The GST Council recommends GST rate clarifications on toys, used vehicles, Isabgol seeds, waste scrap, bio-stimulants and other goods.
GST Dispute Reforms: Rs 10,000 Notice Threshold and 5% Penalty Proposed in Non-Fraud Cases
09 October 2026 at 09:36The GST Council proposes a ₹10,000 minimum threshold for show cause notices, lower penalties in non-fraud cases and capped appeal pre-deposits.
GST Council Proposes Automated Refunds, 90% Provisional Refunds and Faster Processing
09 October 2026 at 09:33The GST Council proposes automated refunds, 90% provisional sanction for eligible claims, a 10-day acknowledgement timeline and simplified refund filing.
GST Return Reforms: New ITC Reconciliation Mechanism Proposed from April 2027
09 October 2026 at 09:29The GST Council proposes a new return mechanism from April 2027 to reduce ITC mismatches, improve reconciliation and minimise GST notices.
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