Daily Newsletter - July 1, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

RBI Master Directions

Tech Zone – Simplifying Technology for CAs:

Tech-Zone Series - New Article

Legal Updates:

GST

DGFT

Customs

News Update:

Indian News:

Delhi HC rules National Stock Exchange a public authority under RTI

MCA set to notify SA 600, 40 revised audit standards by August

Stock traders' alert: When income tax audit becomes mandatory for AY 2026-27

India's Chartered Accountancy Profession Enters A New Era Of Reinvention

CA Day 2026: Why is it celebrated on July 1? Know history, this year's theme, motto

GST's credit challenge: Why input tax credit remains the biggest challenge

Nine years of GST: How one tax reshaped India's indirect tax system

IRDAI targets dark patterns with nine-month audit drive across insurance industry

Haryana scam shocker: IAS officer arrested on retirement day in ₹593-crore IDFC Bank fraud probe

SEBI Proposes Uniform Investor Consent Rules, Wider Conflict Checks For AIFs

RBI revises Certificate of Registration surrender norms for NBFCs

Bad loans may edge up to 1.9% by FY28 despite resilient banks: RBI

Small savings interest rates for July-September 2026 quarter

Govt extends GST Appellate Tribunal appeal filing deadline to July 31 after portal rush

Government extends CBDT chief Ravi Agrawal's tenure by 6 months

DGFT extends enhanced export insurance cover for West Asia shipments till September 30

CBAM explained: Why Europe's carbon tax matters for India's exporters

International News:

FRC refreshes auditing standards to reduce reporting burden and improve transparency

Exposure Draft:

SEBI Draft:

Consultation paper on rationalizing the requirement of obtaining investor consent and ambit of conflicted transactions requiring investor consent under SEBI (Alternative Investment Funds) Regulations, 2012
[Last date for Comments: July 21, 2026] 

Acts & Regulations:

RBI Master Directions:

Updated as on June 29, 2026:

Master Direction - Remittance of Assets

Master Direction - Deposits and Accounts

Tech Zone – Simplifying Technology for CAs:

Tech-Zone Series - New Article:

Tech-Zone Series: Excel ITR Filing Mastery: Practical Hacks Every CA Needs This Season

Part 2 - Smart Calculations, Error-Proofing & Performance Under Pressure

Legal Updates:

GST:

Advisory on Revision of Timeline for Amendment of Aggregate Annual Turnover (AATO), 2026

DGFT:

Amendment in Import Policy under Chapter 74 (Policy Condition 3, sub-para (c)) and Chapter 76 (Policy Condition 1, sub-para (c)) of the ITC(HS), 2022 [Notification No.22]

Amendment to Notification No. 35/2025-26 for extension of timelines under Component II of Resilience & Logistics Intervention for Export Facilitation (RELIEF) Intervention [Notification No.21]

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.60(NT)]

Seeks to amend Notification 13/2026-Customs to extend its validity for 15 days till and inclusive of 15th July 2026 [Notification No.23]

Seeks to amend Notification 12/2026-Customs to extend its validity for 15 days till and inclusive of 15th July 2026 [Notification No.22]