GST, income tax, TDS and labour updates and deadline extensions, summarised. Tap a title for the summary.
CBIC notified the first set of 57th GST Council changes on 26 October. From 1 November 2026, post-sale discount and credit-note rules are simplified, inverted-duty refunds can be paid 90% provisionally after risk checks, and the place of supply for intermediary services moves to the recipient's location.
Read source →Circulars issued on 26 October (including Circular 258) require multi-year GST notices to show the demand year by year, with facts, evidence, legal provisions and the exact tax. Unpaid tax or a mismatch alone no longer justifies invoking fraud or suppression provisions without specific evidence of intent.
Read source →Advisory 678 adds RCMDOM and RCMIMP supply types; currently in IRP sandboxes only.
Read source →Annual returns for 2025-26 opened on 8 October; all GSTR-1 and 3B must be filed first.
Read source →Doing nothing in IMS auto-accepts invoices, but that isn't proof the credit is eligible; disallowed credit later carries interest. September GSTR-3B was due 20 October (22/24 October for quarterly filers by state).
Read source →Process reforms: no arrests, prosecution threshold ₹5 crore, general penalty ₹10,000, refunds acknowledged in 10 days and 90% paid in 3 working days.
Read source →From Q2 of 2026-27, Forms 138 and 140 can be prepared, validated and filed inside the TRACES login without a separate utility file. The July–September return is due 31 October.
Read source →Under new RBI rules, from 1 October 2026 service exporters as well as goods exporters must file an Export Declaration Form with their bank — including Indian units billing their Korean parent for services.
Read source →Indian penalties accrue daily from the day after the deadline; some, like AOC-4 and MGT-7, have no cap.
Read source →Taxes collected for the state, like TDS and GST, can expose officers personally.
Read source →September 2026 GST collections rose 14.7% to over ₹2 lakh crore.
Read source →Tax audit report 30 Sept → 21 Oct; audit-case returns 31 Oct → 21 Nov.
Read source →From 17 September 2026 the mandatory PF wage ceiling rose from ₹15,000 to ₹25,000 a month, the first change since 2014. Staff earning ₹15,000–25,000 may now be covered.
Read source →Same GST rate nationwide, but location still changes the real cost.
Read source →Central rules for the four labour codes (in force since 21 Nov 2025) were notified on 8 May 2026.
Read source →The 1961 Act is repealed; 'tax year' replaces previous/assessment year and 194-series TDS moves to s.393.
Read source →Rates unchanged; manpower supply under contractor TDS; TCS on tours and education remittances at 2%; MAT final from April 2026.
Read source →29 laws merged into four codes; allowances above 50% of pay are added back to wages.
Read source →Four slabs became two (5%, 18%); ACs, TVs, small cars, cement 28%→18%; aerated drinks and luxury cars 40%.
Read source →Authorities demanded unpaid duty plus a 100% penalty from Samsung India and fined seven executives, including the CFO, $81m. The dispute is over how 2018–21 telecom imports were classified; Samsung is contesting.
Read source →AI answers are based on information researched by Adullam. For important legal, tax, HR and other decisions, please always confirm with a specialist.
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