LatestAccounting And Audit 9 October 2026
India Tightens IPTV Audits, GST Penalties, and Data Rules
The Telecom Regulatory Authority of India has proposed a detailed audit framework for IPTV operators, tightening subscriber data verification. GST reforms suggest a Rs 10,000 notice threshold and a 5% penalty for non‑fraud cases, while the 57th GST Council meeting raises the prosecution limit to Rs 5 crore and removes arrest powers. The DPDP law clarifies child consent and data audit requirements for significant data fiduciaries. Additionally, Ind Bank Housing names Ray & Ray as its statutory auditors for FY26‑27.
- IPTV audit overhaul: TRAI proposes a comprehensive audit framework to verify subscriber data for IPTV services. Details: TRAI IPTV audit proposal
- GST dispute reforms: A Rs 10,000 notice threshold and a 5% penalty are suggested for non‑fraud GST cases. More info: GST reform details
- DPDP privacy clarification: New guidance defines child consent and audit rules for major data fiduciaries under the Data Protection and Digital Privacy law. Read: DPDP clarification
- 57th GST Council outcomes: Arrest powers are removed, prosecution limits rise to Rs 5 crore, and penalties are reduced. See: GST Council changes
- Statutory auditor appointment: Ind Bank Housing appoints Ray & Ray as statutory auditors for FY26‑27. Full story: Auditor appointment
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