LatestAccounting And Audit 9 October 2026
GST Dispute Reform Proposes Rs 10,000 Notice Threshold, 5% Penalty for Non‑Fraud Cases
India's GST dispute framework is set for change as the ICAI delegation met CBDT member Vatsala Jha, urging a Rs 10,000 notice threshold and a uniform 5% penalty for non‑fraud cases. The meeting also highlighted concerns over the recent extension of tax audit deadlines, aiming to balance compliance with taxpayer convenience.
Proposed changes
- Notice threshold raised to Rs 10,000 before a dispute is escalated.
- Fixed 5% penalty applied to non‑fraudulent cases, simplifying enforcement.
The ICAI delegation raised audit deadline worries during its meeting with CBDT member Vatsala Jha, urging the board to consider the impact of recent extensions. For full details see the original article.
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