20 Oct 26

TDS Challan for FY 2025-26 Valid for TY 2026-27 Under Cross-Year Utilisation Rules

Investment Banker Urges India to Scrap Capital Gains Tax on Foreign Investors

FM Sitharaman Flags AI-Driven Capital Outflows as Concern for Indian Stock Markets

19 Oct 26

GSTAT Raipur Affirms Rs. 5.96 Lakh GST Penalty for Expired E-Way Bill Under Section 129

GSTAT Issues Standard Operating Procedure (SOP) for Branch Officer-to-Branch Officer (BO-to-BO) Case Transfers

GSTN Introduces New E-Invoicing Facility for Recipient-Generated Self-Invoices Under RCM

Delhi GSTAT Orders Builder to Pay Rs. 31.20 Lakh with Interest to 66 Homebuyers for Not Passing on ITC Benefits

18 Oct 26

Net Direct Tax Collections Rise 13.21% to Rs 13.38 Lakh Crore Till 14th Oct 2026

Tax Audit Extension Demand to 31st Oct 2026 Amid GST Relief and Court Rulings

17 Oct 26

ITAT Chennai Orders CIT(A) to Condone 315-Day Delay and Adjudicate Assessee’s Appeal on Merits

Delhi GSTAT Orders Builder to Pay Rs. 31.20 Lakh with Interest to 66 Homebuyers for Not Passing on ITC Benefits

ITAT Chennai Allows Additional Evidence in Case of Unexplained Cash Credits Under Sections 68 and 69

16 Oct 26

Govt Plans to Revise GST Inspection Rules to Reduce Unnecessary Checks on Goods Vehicles

Chennai ITAT Upholds Section 153C Jurisdiction Relying on Seized Material, Restores ?13.53 Cr Addition

India’s FY27 Net Direct Tax Collections Rise 13.21% to ?13.38 Lakh Crore as of Oct 14

Central Excise Duty Revised to Rs 2.5 and Rs 8.5 Per Litre from 16th October 2026

RBI Clarifies Foreign Exchange Risk Reserve Rules for Authorised Dealers

15 Oct 26

CBIC Chairman Discusses 57th GST Council Reforms with Trade Associations in Bengaluru

GST E-Invoicing May Soon Extend to Services Imported from Unregistered Companies Under RCM

UPI MDR on Select Merchant (P2M) Transactions to Be Implemented Immediately After Diwali

FM Sitharaman: LTCG Tax Removal May Be Discussed During Budget Consultations

14 Oct 26

Andhra Pradesh HC Declares Section 147A of IT Act Unconstitutional

CBIC Clarifies GST on Food Delivery Services Reduced to 5%, No New Tax

Delhi HC Rejects Firm’s Rs. 1 Cr Refund Claim for Income Tax Paid on Partner’s Behalf

UPI MDR on Select Merchant Transactions to Be Implemented After Diwali 2026

FM Sitharaman Open to Hearing Views on LTCG Tax Removal Ahead of Budget 2027-28

13 Oct 26

Madras HC Quashes Rs. 5.50 Cr GST Demand Raised on Projected Revenue from Uncommenced Construction

Bombay HC Rules IT Department Need Not Wait for Certified Copy of Digitally Signed Order

Income Tax Dept Detects Tax Evasion Exceeding ?25,000 Cr by Restaurants

No New GST on Food Delivery Services. Rate Reduced to 5%, Clarifies CBIC

ICSI Seeks MCA Annual Filing Due Date Extension Till 31st Dec 2026 Without Additional Fees

12 Oct 26

GST Portal Enables GSTR-9 and GSTR-9C Filing for FY 2025-26

RBI Hikes Repo Rate by 25 Basis Points to 5.50% in October 2026

GST Council Allows Employers to Claim Input Tax Credit on Health and Life Insurance Premiums

Karnataka HC: Director Cannot Individually Challenge Income Tax Search Against Company

11 Oct 26

GST Council Proposes E-Way Bill Rule Reforms to Improve Goods Transportation

GST Council Recommends Major Compliance Reforms: IPR Taxation, Late Fee Relief and E-Invoicing Changes

GST Council Approves Faster GST Registration and Quicker Refunds

GST Council Recommends No GST Notices For Tax Demands Below Rs 10,000

10 Oct 26

GST Council Scraps Arrest Powers and Increases Prosecution Threshold from ?1 Cr to ?5 Cr

RBI Announces Regulatory Measures for the Foreign Exchange Market

GST Council Recommends Major Compliance Reforms: IPR Taxation, Late Fee Relief and E-Invoicing Changes

07 Oct 26

ICSI Seeks MCA Annual Filing Due Date Extension Till 31st Dec 2026 Without Additional Fees

Gujarat AAR Rules No GST Applicable on Amounts Recovered from Employees Towards Canteen Meals

GST Council May Consider Proposals on Arrest Powers, ITC Protection & Prosecution Threshold at Upcoming Meeting

Mumbai ITAT Quashes Rs. 1.23 Crore Penalty, Says Tax Claim Rejection Alone Doesn’t Prove Concealment

ICAI Suggests Major GST Registration and Refund Reforms to Ease Taxpayer Compliance

ICAI E-Way Bill Handbook 2026: Check GST Applicability, Exemptions and Validity Rules

New FEMA Rule From October 2026: Freelancers and Service Exporters Must File EDF

06 Oct 26

Delhi HC Raises Concern Over No Time Limit for Duplicate PAN Cancellation

ITAT Grants Relief to Senior Citizen Who Mistakenly Paid Rs. 9.91 Lakh Tax on Tax-Free Bond Interest

Agra GSTAT Says Service Tax on Cancelled Pre-GST Flat Bookings Can’t Be Availed as ITC

UPI Charges From 15th Oct 2026: 0.4% MDR on Payments Above Rs 2000