1. Income-tax & TDS/TCS
- Notification No. 134/2026 (late catch) (08 Oct 2026) — Income-tax (Sixth Amendment) Rules, 2026 substitute Form 161 for penalty waiver u/s 440(2) ITA 2025 on payment of 100%/120% additional tax — applying means giving up the appeal. (Source: CBDT – Notfn 134/2026, G.S.R. 871(E))
2. GST
- 57th GST Council recommendations (late catch) (08 Oct 2026) — Wide reforms: no SCN below ₹10,000, s.69 arrest to go, auto refunds, isabgol NIL, scrap RCM/TDS — effective only once notified. (Source: PIB – PRID 2320934)
- FAQs on 57th Council recommendations (late catch) (Oct 2026) — Confirms changes apply only via notifications; input-service ITC counts in inverted-duty refunds from 01 Nov 2026. (Source: GST Council – FAQs)
- PIB Press Note: Next-Gen GST Process Reforms (late catch) (09 Oct 2026) — Explains reforms incl. omission of rule 96(10) as clarificatory w.e.f. 23.10.2017 — relevant to exporters' pending IGST refund disputes. (Source: PIB – NoteId 160401)
3. MCA / ROC & ICAI
- ICAI – MEF 2026-27 final window (14 Oct 2026) — Last window for Multipurpose Empanelment Form was 15–16 Oct only (now closed); firms that missed it should check empanelment status. (Source: ICAI – mef141026n)
- ICAI – CA Intermediate Sept 2026 results (14 Oct 2026) — Results likely by evening of 22 Oct 2026 — relevant for articled staff. (Source: ICAI – exam141026r)
4. Charity Commissioner (Gujarat & Maharashtra)
No material updates this week.
5. Labour Laws (PF & ESI)
- EPFO circular – ECR due date extension (13 Oct 2026) — ECR filing and PF remittance for September 2026 wages extended from 15 Oct to 31 Oct 2026, due to mid-month wage-ceiling change to ₹25,000. (Source: SCC Online – EPFO circular dt 13-10-2026)
6. Key Judgments
- MEPCO Industries Ltd. v. CIT (late catch) (Supreme Court, 07 Oct 2026) — Power subsidy linked to post-production power charges is a revenue receipt; apply the purpose test to the scheme as a whole. (Source: SCC Online – 2026 SCC OnLine SC 2080)
7. Professional News
No material updates this week.
8. Due Dates – Next 14 Days
| Date | Compliance | Applies to | Source |
|---|---|---|---|
| 18 Oct 2026 | CMP-08 – Q2 (Jul–Sep 2026) | Composition dealers | CGST Rules, r.62 |
| 20 Oct 2026 | GSTR-3B – September 2026 (monthly) | Monthly GST filers | CGST Act s.39(1) / r.61 |
| 21 Oct 2026 | Tax audit report 3CA/3CB-3CD, AY 2026-27 (extended; no further extension issued) | Tax-audit assessees; trusts (10B/10BB – our reading) | CBDT – Circular 07/2026 |
| 22 Oct 2026 | GSTR-3B – Q2 (QRMP) | QRMP filers in Gujarat (Group A) | CGST Rules, r.61 proviso |
| 25 Oct 2026 | ITC-04 – Apr–Sep 2026 | Job-work principals, AATO > ₹5 cr | CGST Rules, r.45(3) |
| 30 Oct 2026 | AOC-4 / AOC-4 XBRL (AGM held 30 Sep) | Companies | Companies Act s.137(1) |
| 30 Oct 2026 | LLP Form 8 – FY 2025-26 | LLPs | LLP Rules, r.24 |
| 31 Oct 2026 | PF ECR + remittance – September 2026 wages (extended) | EPF-covered employers | SCC Online – EPFO circular dt 13-10-2026 |
| 31 Oct 2026 | Q2 TDS/TCS statements – Forms 138, 140, 143, 144 | All deductors / collectors | IT Rules 2026, r.219 |
| 31 Oct 2026 | Form 3CEB transfer-pricing report | Entities with international / SDT transactions | IT Act 1961 s.92E |
| 31 Oct 2026 | EPFO Employees' Enrolment Campaign 2026 closes | Employers with left-out employees | PIB – PRID 2300475 |
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.