1. Key Highlights
- CBDT Circular 07/2026 (28.09.2026, late catch) — AY 2026-27 audit report due 21.10.2026; audit-case ITR 21.11.2026. (Source: CBDT – Circular No. 07/2026)
- 57th GST Council (08.10.2026) – ITC/refunds — s.17(5) blocks eased; IDS refund of input-services ITC from 01.11.2026; law change pending. (Source: PIB – PRID 2320934)
- 57th GST Council – litigation — s.69 arrest omitted; prosecution floor ₹5 cr; no SCN below ₹10,000; lower penalties. (Source: PIB – PRID 2320934)
- 57th GST Council – procedure — auto registration actions; late-fee waiver ≤₹5 cr; e-way bill curbs; new return rules from Apr 2027. (Source: PIB – PRID 2320934)
2. Income-tax & TDS/TCS
- Circular 07/2026 dt 28.09.2026 (late catch) — AY 2026-27 audit report 30.09→21.10.2026; audit-case ITR 31.10→21.11.2026. (Source: CBDT – Circular No. 07/2026)
3. GST
- 57th GSTC, 08.10.2026 – ITC/refund — s.17(5) blocks eased; IDS refund: input services 01.11.2026, capital goods 01.04.2027. (Source: PIB – PRID 2320934)
- 57th GSTC – disputes — s.69 omitted; s.132 ₹5 cr; ₹10,000 SCN floor; s.125 max ₹10,000; pre-deposit cap ₹40 cr. (Source: PIB – PRID 2320934)
- 57th GSTC – registration/returns — auto amendments/cancellations; late-fee waiver ≤₹5 cr; new rules from Apr 2027. (Source: PIB – PRID 2320934)
- 57th GSTC – e-way bill/Rule 86A — interception only on intelligence; hearing before ECL blocking. (Source: PIB – PRID 2320934)
- 57th GSTC – exports — IGST s.2(6)(v), s.13(3)(a) to be omitted; SEZ/FTWZ delivery zero-rated. (Source: PIB – PRID 2320934)
- 57th GSTC – rates — clarifications only: toys, used cars, scrap RCM, isabgol nil. (Source: PIB – PRID 2320934)
4. MCA/ROC & ICAI
No material updates this week.
5. Charity Commissioner (Gujarat & Maharashtra)
No material updates this week.
6. Key Judgments
No material updates this week.
7. Due Dates – Next 14 Days
| Date | Compliance | Applies to | Source |
|---|---|---|---|
| 10/10 | GSTR-7, GSTR-8 (Sep) | GST TDS deductors, ECOs | CGST ss.39(3), 52(4) |
| 11/10 | GSTR-1 (Sep) | Monthly filers | CGST s.37 |
| 13/10 | GSTR-1 (Q2), GSTR-6, GSTR-5 | QRMP, ISD, NRTP | CGST ss.37, 39 |
| 15/10 | ADT-1 (AGM 30.09) | Companies | Cos. Act s.139(1) |
| 18/10 | CMP-08 (Q2) | Composition | CGST s.39(2) |
| 20/10 | GSTR-3B (Sep) | Monthly filers | CGST s.39(1) |
| 21/10 | Tax audit report AY 26-27 | Audit cases | CBDT Cir. 07/2026 |
| 22/10 | GSTR-3B (Q2) | QRMP, Gujarat | CGST s.39(1) |
Sources: official Government / statutory-body portals, Taxmann and SCC Online.
This update is for general information only and does not constitute professional advice. Readers should verify with the original notification or circular and seek advice on their specific facts before acting.