Daily Newsletter - October 31, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

SEBI Regulations

Useful Forms:

ITR eFiling Utilities for AY 2026-27

International Content:

PCAOB Reference Material

Legal Updates:

GST

SEBI

DGFT

Customs

News Update:

Indian News:

Misuse of insolvency proceedings: ED conducts raids in Bengal

Cyberattack on SMARTs portal; Sebi on red alert

SEBI imposes ₹1 crore fine on CDSL for multiple compliance lapses

ICAI to issue guidance note on new audit reporting framework for multi-state cooperative societies

AU Small Finance Bank probes potential data leak on Salesforce platform

AI and data analytics to power next phase of government audits, says CAG

Data Security Council unveils AI liability guide for Indian enterprises

Sebi eases FPI compliance, extends KYC review period from December 1

Centre notifies National Social Security Board for gig, platform workers

NCLT, NCLAT 'hijacked' by corporate affairs ministry: Supreme Court

New RBI forex derivative rules make FCNR(B) hedging costlier for banks

Income tax reassessment invalid without mandatory notice: Supreme Court

Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are met

Govt notifies more GST reform measures, expands reverse-charge coverage

SEBI Aims To Cut Foreign Investor Onboarding To As Little As Five Business Days

'What is wrong with victims': CJI on digital arrest cases; calls for compensation from banks

International News:

Accountant Sentenced to Federal Prison for Money Laundering, PPP Fraud

Fed keeps interest rates unchanged, awaits more data on inflation

Acts & Regulations:

SEBI Regulations:

SEBI (Infrastructure Investment Trusts) Regulations, 2014
Updated upto October 16, 2026

SEBI (Real Estate Investment Trusts) Regulations, 2014
Updated upto October 15, 2026

SEBI (Alternative Investment Funds) Regulations, 2012
Updated upto October 15, 2026

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Updated upto October 15, 2026

Useful Forms:

ITR eFiling Utilities for AY 2026-27:

Updated on October 30, 2026:

ITR 5 - All Utilities 
ITR 6 - Excel Utility

International Content:

PCAOB Reference Material:

QC 1000, A Firm’s System of Quality Control:
QC 1000 Questions and Answers
[August 2026]

Legal Updates:

GST:

Implementing certain recommendations of the GST Council in its 57th meeting held on 08.10.26 at New Delhi, prior to the legislative amendments [Instruction No.2]

Clarifications regarding applicability of GST on certain services [Circular No.266]

Clarification regarding classification and applicability of GST on the supply of certain goods based on the recommendations of the GST Council in its 57th meeting held on 8th October 2026, at New Delhi [Circular No.265]

Seeks to notify a special procedure under Section 148 for payment of tax under the Toll-Operate-Transfer model [No.10 (Rate)]

Seeks to amend Notification No. 17/2017-Central Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting [No.9 (Rate)]

Seeks to amend Notification No. 13/2017-Central Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting [No.8 (Rate)]

Seeks to amend Notification No. 12/2017-Central Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting [No.7 (Rate)]

Seeks to amend Notification No. 11/2017-Central Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting [No.6 (Rate)]

Seeks to notify a special procedure under Section 148 for payment of tax under the Toll-Operate-Transfer model​ [No.10 (Rate)]

Seeks to amend Notification No. 14/2017-Integrated Tax (Rate), dated 28th June, 2017, to give effect to the recommendations of the GST Council​ [No.9 (Rate)]

Seeks to amend Notification No. 10/2017-Integrated Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting​ [No.8 (Rate)]

Seeks to amend Notification No. 9/2017-Integrated Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting​ [No.7 (Rate)]

Seeks to amend Notification No. 8/2017-Integrated Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting​ [No.6 (Rate)]

Seeks to notify a special procedure under Section 148 for payment of tax under the Toll-Operate-Transfer model​ [No.10 (Rate)]

Seeks to amend Notification No. 17/2017-Union Territory Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting​ [No.9 (Rate)]

Seeks to amend Notification No. 13/2017-Union Territory Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting​ [No.8 (Rate)]

Seeks to amend Notification No. 12/2017-Union Territory Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting​ [No.7 (Rate)]

Seeks to amend Notification No. 11/2017-Union Territory Tax (Rate), dated 28th June, 2017, to give effect to the recommendations made by the GST Council in its 57th meeting​ [No.6 (Rate)]

SEBI:

Extension of timeline with respect to compliance of Digital Accessibility Circulars

Rationalisation of periodicity of KYC review for FPIs

DGFT:

Amendment in Export Policy of Agarwood under Chapter 12, Schedule-2 ITC (HS) Export Policy, 2022 [Notification No.46]

Constitution of Sub-Committee for Resilience & Logistics Intervention for Export Facilitation (RELIEF) under EXPORT PROMOTION MISSION [Trade Notice No.33]

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.89(NT)]