LatestAccounting And Audit 21 September 2026
India Tax & Finance Updates: GST E‑Invoice, REITs, Sustainability Standard
GST e‑invoice threshold rises from ₹10 crore, shifting tax audit due dates for FY 2026‑27. ICAI partners with Tirumala Tirupati Devasthanams on REITs to monetize temple land and issues a new sustainability assurance standard effective April 2027, indicating tighter compliance and innovative financing in India.
GST E‑Invoice Rule Change
- The e‑invoice applicability limit has increased from ₹10 crore, affecting tax audit timelines for FY 2026‑27. Details: CAclubindia article
REIT Initiative for Temple Land
- ICAI and Tirumala Tirupati Devasthanams are planning a Real Estate Investment Trust to unlock value of temple land assets. More info: Business Standard report
New Sustainability Assurance Standard
- ICAI issued a fresh standard on sustainability assurance, slated to be effective from April 2027, aiming to strengthen ESG reporting. Read: Business Standard article
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