CAclubindia News

GST FAQs: Rs 10,000 Threshold for Show-Cause Notices, ITC and Penalty Rules Clarified

12 October 2026 at 09:08

Get answers to FAQs on the Rs 10,000 GST notice threshold, tax aggregation, ITC demands, exclusion of interest and late fees and penalty charge rules.

Posted in GST | 1 comments | 5778 Views

Jio Platforms Announces Rs 30,213 Crore IPO, Targets Rs 10.3 Lakh Crore Valuation

10 October 2026 at 09:33

Jio Platforms IPO 2026: Check the ₹1,065-₹1,119 price band, ₹30,213 crore issue size, ₹10.3 lakh crore valuation and October 21–23 subscription dates.

Posted in Investments & Personal Finance | 1 comments | 543 Views

RBI Hikes Repo Rate by 25 Basis Points to 5.50% in October 2026

10 October 2026 at 09:21

RBI hikes the repo rate by 25 bps to 5.50% in October 2026, shifts stance to calibrated tightening and rules out near-term rate cuts.

Posted in Investments & Personal Finance | 1 comments | 504 Views

RBI Announces Regulatory Measures for the Foreign Exchange Market

10 October 2026 at 09:18

RBI announces new forex market regulations, including restrictions on rebooking cancelled derivative contracts, reduced exposure thresholds, additional documentation and a Foreign Exchange Risk Reserve (FERR).

Posted in Community & General | 1 comments | 285 Views

ICAI Observer Empanelment for January 2027 CA Exams Opens on 21st October

10 October 2026 at 09:14

ICAI invites eligible members to apply as observers for January 2027 CA exams. Check eligibility, Rs 5000 honorarium, application dates and duties.

Posted in Students | 1 comments | 2577 Views

CBDT Revises Form 161 for Penalty Waiver Applications Under Income Tax Act 2025

10 October 2026 at 09:04

CBDT revises Form 161 under the Income-tax Rules, 2026, for penalty waiver applications under Section 440(2) of the Income-tax Act, 2025.

Posted in Income Tax | 1 comments | 16992 Views

GST Council Recommends Major Compliance Reforms: IPR Taxation, Late Fee Relief and E-Invoicing Changes

09 October 2026 at 10:20

The GST Council recommends key GST reforms covering ITC blocking, late fee waiver for eligible small taxpayers, IPR taxation, e-invoicing, GST notices and ARQP...

Posted in GST | 1 comments | 3045 Views

GST Council Recommends Major Reforms in ITC Refunds, Blocked Credits and Export Benefits

09 October 2026 at 10:14

The 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.

Posted in GST | 1 comments | 612 Views

GST Council Recommends Changes to E-Way Bill Rules to Ensure Smoother Movement of Goods

09 October 2026 at 10:07

The 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.

Posted in GST | 1 comments | 1281 Views

GST Council Recommends Withdrawal of Arrest Powers, Raises Prosecution Threshold to Rs 5 Crore

09 October 2026 at 09:44

The 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.

Posted in GST | 1 comments | 3270 Views