Weekly Regulatory Update – w/e 06 Nov 2026

1. Key Highlights

1. GSTN – TDS registration for scrap dealers (01 Nov 2026) — Registered recipients of used cooking oil, plastic, tyre and e-waste scrap must register as GST TDS deductors (REG-07). (Source: GSTN – Notification No. 07/2026-Central Tax)
2. GSTN – revised REG-16 cancellation process (01 Nov 2026) — Self-cancellation is approved by the system once all returns are filed. Where output tax liability exceeds Rs 2.5 lakh in any period, GSTR-10 is due within 3 days. (Source: GSTN – Advisory under Rule 20)
3. CIT v. Orissa Mining Corpn. Ltd. (Supreme Court, 28 Oct 2026, late catch) — A reassessment is void if no s.143(2) notice was issued, even where the assessee took part in the proceedings. Neither s.292BB nor a s.142(1) letter cures the defect. (Source: SCC Online – 2026 SCC OnLine SC 2268)
4. CBDT Notification No. 139/2026 (30 Oct 2026, published 03 Nov) — New Rule 189A and Form 112A cover mergers of registered NPOs. Form 112A is due within one month, and objects cannot be changed for 5 years. (Source: CBDT – Notification No. 139/2026)
5. GSTN – e-way bill numbering (04 Nov 2026) — From 1 Jan 2027 the e-way bill number becomes 14 digits and the consolidated EWB number becomes 11 digits. ERP and API systems need updating. (Source: GSTN – Advisory)

2. Income-tax & TDS/TCS

• Notification No. 141/2026 (04 Nov 2026) — Dividend paid by one IFSC aircraft-leasing unit to another is exempt from TDS u/s 393(1) of ITA 2025 if Form 1(N) is furnished. Effective 1 Apr 2026. (Source: CBDT – Notification No. 141/2026)

3. GST

• GSTN – TDS registration for scrap dealers (01 Nov 2026) — Registered recipients of used cooking oil, plastic, tyre and e-waste scrap must register as GST TDS deductors (REG-07). (Source: GSTN – Notification No. 07/2026-Central Tax)
• Notification No. 04/2026-Central Tax (Rate) (27 Oct 2026, late catch) — From 1 Nov, reverse charge applies to these four scrap categories when bought from unregistered persons. (Source: SCC Online – Notification No. 04/2026-CT(Rate))
• GSTN – REG-16 cancellation (01 Nov 2026) — Self-cancellation is approved by the system once all returns are filed. Where output tax liability exceeds Rs 2.5 lakh in any period, GSTR-10 is due within 3 days. (Source: GSTN – Advisory under Rule 20)
• GSTN – registration amendment (01 Nov 2026) — Amendments other than to the principal place of business (PPOB) take effect automatically. OTP verification of the signatory and one promoter must be completed within 3 days, or no ARN is generated. (Source: GSTN – Notification No. 05/2026-Central Tax)
• GSTN – revised REG-01 (01 Nov 2026) — New registrations need an OPC category where applicable, documents for each premises, bank details (or within 30 days) and LLP designated partner DIN. CIN/LLPIN are validated online. (Source: GSTN – Circular No. 257/03/2026-GST)
• Psyllium (isabgol) exemption (27 Oct 2026, late catch) — Psyllium seeds (1211 90 13) are exempt from CGST, IGST and UTGST from 1 Nov. This matters to the Gujarat isabgol trade. (Source: SCC Online – CBIC notifications dt. 27-10-2026)
• GSTN – composition levy (01 Nov 2026) — There is a new composition category for persons under s.10(2A), and the category can be changed through REG-14. (Source: GSTN – Advisory)
• GSTN – Rule 14B registration (01 Nov 2026) — E-commerce sellers can register in other States using an e-commerce operator's warehouse as their PPOB. (Source: GSTN – Advisory on Rule 14B)
• GSTN – e-way bill numbering (04 Nov 2026) — From 1 Jan 2027 the e-way bill number becomes 14 digits and the consolidated EWB number becomes 11 digits. (Source: GSTN – Advisory)

4. MCA / ROC & ICAI

• MCA circular – annual filings (24 Oct 2026, late catch) — Additional fees are relaxed and time is extended for filing FY 2025-26 financial statements and annual returns. (Source: MCA – Circulars, dt. 24-10-2026)
• MCA circular – CRA-4 (27 Oct 2026, late catch) — Additional fees are relaxed and time is extended for filing the cost audit report (CRA-4, XBRL). (Source: MCA – Circulars, dt. 27-10-2026)
• ICAI Valuation Standards, 2026 – exposure drafts (02 Nov 2026) — Seven drafts revising ICAI Valuation Standards 2018. Comments are due by 22 Nov 2026. (Source: ICAI – IB&VSB)

5. Charity Commissioner (Gujarat & Maharashtra)

• CBDT Notification No. 139/2026 (30 Oct 2026, published 03 Nov) — New Rule 189A and Form 112A cover mergers of registered NPOs with the same or similar objects. Form 112A is due within one month, objects cannot be changed for 5 years, and both entities must be audited. (Source: CBDT – Notification No. 139/2026)

6. Labour Laws (PF & ESI)

No material updates this week.

7. Key Judgments

• CIT v. Orissa Mining Corpn. Ltd. (Supreme Court, 28 Oct 2026, late catch) — A reassessment is void if no s.143(2) notice was issued, even where the assessee took part in the proceedings. (Source: SCC Online – 2026 SCC OnLine SC 2268)

8. Professional News

• NFRA (06 Nov 2026) — Prof. Sanjay Kallapur and Prof. R. Narayanaswamy have been re-appointed as part-time members. (Source: NFRA – Notice)
• GST collections – Oct 2026 (01 Nov 2026) — Gross collections were Rs 2,31,290 crore (+22.9% YoY). Gujarat collected Rs 13,516 crore (+16%). (Source: GSTN – Revenue report Oct 2026)
• ICAI (06 Nov 2026) — Results of the CA Foundation examination held in September 2026 have been declared. (Source: ICAI – Announcement)

9. Due Dates – Next 14 Days

Sources: official Government / statutory-body portals, Taxmann and SCC Online. For information only – not professional advice.