Accounting And Audit 17 September 2026
UPI Remains Free, MTNL Fined for Service Breaches
India's finance ministry has issued new rules keeping all UPI transactions charge‑free, while the telecom regulator TRAI has imposed a ₹16.70 lakh fine on MTNL for quality violations in Q2 FY26. The ministry also urged the MCA to create an e‑Form for reporting, and the Haryana Tax Bar Association seeks a 30‑day audit extension. TRAI’s action follows a CAG audit of MTNL’s FY26‑27 accounts, highlighting tighter oversight in both digital payments and telecom services.
UPI stays charge‑free – The finance ministry announced that all UPI transactions will remain without fees. It also asked the MCA to add a dedicated e‑Form for reporting and the Haryana State Tax Bar Association is pushing for a 30‑day audit deadline extension. Read more
MTNL fined by TRAI – TRAI levied a ₹16.70 lakh penalty on MTNL for breaching Q2 FY26 service quality standards, following a CAG audit of its FY26‑27 accounts. The fine underscores stricter telecom oversight. Read more
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