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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.
57th GST Council Meet Recommends Major GST Registration Reforms for Faster Approvals
09 October 2026 at 09:27The GST Council proposes faster GST registration, automatic amendments and cancellation, and simplified registration for small e-commerce sellers.
57th GST Council Meeting: Key Recommendations on Arrest, Prosecution, ITC and Refunds
08 October 2026 at 20:3457th GST Council Meeting proposes major reforms in GST registration, ITC, refunds, penalties, arrest provisions, e-way bills, exports and compliance processes.
RBI Clarifies FEMA Reporting: No Reporting Required for Personal Transactions
08 October 2026 at 09:48RBI clarifies new FEMA reporting rules, saying individuals need not report personal transactions, overseas services or routine subscriptions.
GST Reforms 2026: Easier Registration, Faceless Assessment and New Compliance Rules
08 October 2026 at 09:16India’s GST reforms target easier multi-state registration, faceless assessment and faster refunds, while new export reporting rules add fresh compliance requirements.
Special Deposit Scheme Interest Rate Fixed at 7.1% for Oct-Dec 2026
08 October 2026 at 09:01The Ministry of Finance has fixed the Special Deposit Scheme interest rate at 7.1% for Non-Government Provident, Superannuation and Gratuity Funds from October 1 to December 31, 2026.
New FEMA Rule From October 2026: Freelancers and Service Exporters Must File EDF
07 October 2026 at 09:20India’s new FEMA rules make EDF reporting applicable to service exporters from October 1, 2026. Know how the new rule affects freelancers and overseas service payments.
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