Daily Newsletter - September 1, 2025

Latest additions to CAalley:

News Update:

Indian News

Exposure Drafts:

IFRS Drafts

From the ICAI:

ICAI Publication - GST

International Content:

IAASB Reference Materials

News Update:

Indian News:

GST 2.0 should pave way towards single nationwide tax rate: Report

TCA Kalyani takes charge as Controller General of Accounts, Finance

Delhi to release ₹1,600 cr pending GST refunds to traders before Diwali: CM

Mirror firms allowed: ICAI clears way for CAs in GIFT City

Auditor flags ₹63 crore as potentially fraudulent in HNG transactions

Govt releases methodology for calculating Green Credit for tree plantation, linking it with canopy density

Select black money holders to get relief: Income tax dept. to not not apply penalty and prosecution in these situations

Exposure Drafts:

IFRS Drafts:

IFRS Sustainability Disclosure Standard
Proposed Amendments to the Industry-based Guidance on Implementing IFRS S2
 
  Basis for Conclusions on Proposed Amendments to the Industry-based Guidance on Implementing IFRS S2
[Last date for Comments: November 30, 2025]
 

SASB Standards
Proposed amendments to the SASB Standards
 
  Basis for Conclusions on Proposed amendments to the SASB Standards
[Last date for Comments: November 30, 2025]
 

From the ICAI:

ICAI Publication - GST:

Handbook on Inspection, Search, Seizure and Arrest under GST
[Published in July 2025]

International Content:

IAASB Reference Materials:

ISA 240 (Revised - July 2025)

IAASB-ISA-240 - The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements

Basis for Conclusions