Latest MCA circulars, GST notifications, Tax Audit deadlines, and state industrial updates curated daily by corporate advisors, legal experts, and tax consultants.
The 57th GST Council recommended removing the establishment restriction on cross-border transactions and rationalizing place of supply rules, benefiting IT exporters and SEZ units.
The 57th GST Council recommended Rule 14B, enabling small online sellers to obtain GST registration in other states by declaring an e-commerce fulfillment warehouse as their Principal Place of Business.
The 57th GST Council approved in principle an optional Annual Return Quarterly Payment (ARQP) scheme for B2C MSMEs with turnover up to ₹5 crore, alongside targeted late-fee relief under Section 39(1).
The 57th GST Council introduced a ₹10,000 minimum tax notice threshold, reduced the maximum general penalty to ₹10,000, and created a 5% reduced penalty incentive to resolve minor tax disputes.
The 57th GST Council recommended an integrated return reconciliation architecture effective April 2027, featuring enhanced Invoice Management System (IMS) tools, credit reversal ledgers, and automated liability correction.
The 57th GST Council approved user-friendly Form GST REG-01 upgrades, automatic acceptance of registration amendments, and automated voluntary cancellations to remove startup onboarding delays.
The 57th GST Council recommended significant relaxations under Section 17(5) to unlock blocked input tax credits on employee insurance, catering, and infrastructure, alongside staggered refunds on capital goods.
The 57th GST Council proposed automated refund sanctioning of excess cash ledger balances and 90% provisional clearance for zero-rated exports and inverted duty claims within 10 days, unlocking vital liquidity for businesses.
The 57th GST Council recommended abolishing arrest powers under Section 69 and elevating the criminal prosecution monetary limit to ₹5 crore, marking a decisive shift towards commercial civil dispute resolution.
The 57th GST Council Meeting held on 8 October 2026 recommended landmark changes across Indian taxation: ending arrest powers under Section 69, raising prosecution limits to ₹5 crore, automating refunds, relaxing blocked ITC, and simplifying returns.
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