CBIC issued clarifications Regarding Applicability of GST on Certain Services – R&D Exemption, Foreign Shipping Services, Motor Vehicle Leasing, TRAI, Banking Fund Transfer Pricing & NBFC Co-Lending Arrangements
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CBIC issued clarification Regarding Classification and Applicability of GST on the Supply of Certain Goods – GST Rates on Sublimation Paper, Toys & Bio-Stimulants, ITC Benefits for Used Vehicle Dealers and Past Period Regularisation
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📝 GST BIG UPDATE 2026 🚨 | 12 Major CGST Rule Changes | ITC, Refunds, E-Invoicing & Registration #Shorts
🚨 GST BIG UPDATE 2026! 🚨 12 Major Changes in CGST Rules, 2017 that every taxpayer, CA, tax professional and business owner must know!
📢 From E-Invoicing, GST Registration, Cancellation & Revocation 📝 to ITC Blocking under Rule 86A, Faster GST Refunds, 90% Provisional Refunds, Inverted Duty Structure, ISD Changes and Provisional Attachment 💰⚖️ — several important changes are proposed to take effect from 1st November 2026, 1st January 2027 and 1st April 2027. 📅
These updates aim to simplify GST compliance, improve transparency and provide relief to taxpayers! ✅ 📊 Want a detailed PPT covering all 12 changes? Comment “GST” below! 💬👍
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#GSTUpdates #GST2026 #CGSTRules #GSTAmendments
GST Advisory – Scheduled Maintenance of e-Invoice Services (31 October – 1 November 2026)
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Major Income Tax Relief for BSNL & MTNL Employees: CBDT Clarifies Ex-Gratia Compensation under VRS-2019 Eligible for Exemption under Section 10(10C)
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Centre may take call on LTCG tax restructuring on equities in coming weeks
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SC to examine tax treatment of EY US salary reimbursements for staff
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Consolidated changes in GST Forms notified vide Notification No. 05/2026-CT – Registration, Composition, Return, Refund, Demand and E-invoice forms
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Provisional attachment under Section 83 – Rule 159 amended; order in Part A of FORM GST DRC-22 and rejection of objection in Part B w.e.f. 01.11.2026
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E-way bill provisions extended to movement of goods by metro railway – Rule 138(2A) amended w.e.f. 01.11.2026
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Refund of unutilised ITC – 1.5 times cap on turnover of zero-rated supply of goods removed; “Net ITC” to include input services (from 01.11.2026) and capital goods spread over 60 months (from 01.04.2027) – Rule 89(4) and 89(5) amended
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Faster, system-based processing of GST refunds – Rules 86, 89, 90, 91 and 92 amended; 10-day acknowledgement, deemed acknowledgement, automatic 90% provisional refund and auto-sanction of excess cash balance refunds
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Rule 86A amended – Blocking of ITC in the electronic credit ledger to be by order in FORM GST DRC-26; taxpayer gets right to object (DRC-27) and personal hearing (DRC-28) w.e.f. 01.04.2027
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Due-date alignment – FORM GSTR-4 on opting out of composition (Rule 62) and FORM GSTR-5 for non-resident taxable persons (Rule 63) amended
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Input Service Distributor (ISD) – Rules 36, 39, 54(1A) and 60 amended; FORM GSTR-6 and GSTR-6A rationalised w.e.f. 01.11.2026
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System-based suspension, cancellation and revocation of GST registration – Rules 21A and 22 substituted and new Rule 23A inserted w.e.f. 01.04.2027
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Grounds for suo-motu cancellation of GST registration by the Department rationalised w.e.f. 01.11.2026 – Rule 21 substituted
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Automatic, system-based cancellation of GST registration on the taxpayer’s application; new forms REG-34 to REG-38 notified – Rule 20 substituted
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Automatic amendment of GST registration particulars; officer approval confined to change in principal place of business – Rule 19 substituted
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