Daily Newsletter - November 3, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

GST Draft

From the ICAI:

ICAI Publication

Legal Updates:

Income Tax

GST

IBBI

SEBI

DGFT

Customs

Central Excise

News Update:

Indian News:

RBI eases reporting norms for small service exporters and importers

Budget 2027: Customs duty relief on 118 goods under review

Irdai cuts share transfer approval fee by 80% to ₹10 lakh for insurers

Over Rs 960cr scam? 127 plots sold, then mortgaged to scam-hit bank in Bengaluru

CBDT tightens merger rules for charity trusts, imposes five-year curbs on changing objectives

IBBI amends rules to speed up resolution of stressed real estate projects

SEBI working to delist companies with no economic activity to protect investors Chairman

International News:

EY, PwC ticked off $80b in private assets without enough proof: ASIC

Accounting firm RSM Canada LLP censured by Canadian audit watchdog for backdating signoffs

Canadian audit watchdog issues audit inspection reports for Grant Thornton branded accounting firms

Exposure Draft:

GST Draft:

Public Consultation on Alternate Mechanism for Amendment of Liability and ITC in FORM GSTR-3B
[Last date for Comments: November 30, 2026]

From the ICAI:

ICAI Publication:

GST Sectoral Guide on Fast-Moving Consumer Goods
[Published in July 2026]

Legal Updates:

Income Tax:

Amendment of the Income tax Rules, 2026 to provide conditions which a registered non profit organisation shall require to fulfil for merger under section 352(4) (Table Sl. No. 8) and 354A of the Income tax Act, 2025 [Notification No.139]

GST:

Advisory on Key Changes in the GST Registration Amendment Process

Advisory on Enhancements Related to Composition Levy Functionality under GST

TDS Registration Advisory for Dealers in Scrap and Other Notified Goods

Advisory on the Revised Process for Approval of Registration Cancellation application under Form GST REG-16

Advisory on Simplified Registration Scheme under Rule 14B of the CGST Rules, 2017

Advisory on Important Changes in FORM GST REG-01 for GST Registration

IBBI:

Compliance with RERA for CDs having real estate projects and disclosure of CIRP at project and office sites of the CD

Introduction of revised Form CA for filing of claims by real estate allottees

IBBI (Insolvency Resolution Process for Corporate Persons)(Fifth Amendment) Regulations, 2026

SEBI:

Framework for Issuance of Depository Receipts on Units of REITs​

Framework for Issuance of Depository Receipts on Units of InvITs​

Cooling off period for offer for sale by Private listed InvITs

DGFT:

Amendment to Para 8.04(iii) of the Handbook of Procedures (HBP) 2023 – Mechanism for resolving Quality Complaints/Trade Disputes [Public Notice No.38]

Amendment to Chapter 10 of the Handbook of Procedures (HBP), 2023 – Extension of SCOMET Authorisation-based facilitation to eligible 4-Star and 5-Star Status Holders and extension of validity of General Authorisation for Export after Repair in India (GAER) [Public Notice No.37]

Customs:

Seeks to extend custom duty exemption on Raw Cotton [Notification No.35]

The Sea Cargo Manifest and Transshipment (Fourth Amendment) Regulations, 2026 [Notification No.90(NT)]

Implementation of the Sea Cargo Manifest and Transshipment Regulations(SCMTR), 2018 [Circular No.47]

Central Excise:

Revision of the Special Additional Excise Duty (SAED) rate on exports of Aviation Turbine Fuel (ATF) outside India [Notification No.56]

Revision of the Special Additional Excise Duty (SAED) rate on exports of petrol and diesel outside India [Notification No.55]