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BusinessThe GST Council, led by Finance Minister Nirmala Sitharaman, approved reforms to ease tax compliance. Key changes include removing tax officials' power to arrest and increasing the prosecution threshold to ₹5 crore. The Council also addressed anomalies related to input tax credit (ITC) and resolved the duty inversion issue, aiming to simplify GST processes for businesses.
TOI Business·
SportsIndia spent crores on the Asian Games but returned with fewer medals than expected, prompting the Sports Ministry to take action. A meeting will be held to address the decline in medal tally. India won 85 medals including 21 golds at the 2026 Asian Games. The Prime Minister is scheduled to meet the medalists on October 15.
Navbharat Times·
GCE has inaugurated a new medical gas centre in India as part of the ongoing expansion of healthcare infrastructure. This development aims to enhance the supply and availability of medical gases critical for hospitals and healthcare facilities, supporting improved patient care and medical treatments across the country.
gasworld·
BusinessThe GST Council has approved the removal of arrest powers from GST officers and set a minimum threshold of Rs 10,000 for issuing show-cause notices. Additionally, the prosecution threshold has been raised to Rs 5 crore. These reforms aim to ease compliance and reduce harassment of taxpayers, as announced in the 2026 GST Council meeting led by Finance Minister Sitharaman.
Moneycontrol.com·
ScienceAstronomers have discovered an extremely powerful radio galaxy named TXS 2354+015, estimated to be about 12.5 billion years old. It is considered the most powerful radio galaxy found so far. The galaxy's central supermassive black hole emits plasma jets that have caused significant disturbances in space.
News18 Hindi·
Astronaut Sophie Adenot has safely returned to Earth following a record-setting space mission. She was part of NASA's SpaceX Crew-12, which splashed down at 11:34 a.m. EDT. The mission involved four astronauts who completed a medical relief operation on the International Space Station before returning home.
Euronews.com·
TOI Business·
The GST Council, led by Finance Minister Nirmala Sitharaman, approved reforms to ease tax compliance. Key changes include removing tax officials' power to arrest and increasing the prosecution threshold to ₹5 crore. The Council also addressed anomalies related to input tax credit (ITC) and resolved the duty inversion issue, aiming to simplify GST processes for businesses.
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