Latest Tax Updates, News, Articles & Notifications
SEBI FATCA CRS circular of 11 November 2026: intermediaries report under section 508 of the Income-tax Act 2025 and file Form 166 in place of Form 61B.
MSMED Amendment Act 2026: most provisions in force from 15 October 2026, with TReDS settlement for CPSEs and graded penalties for buyers under section 27.
From 3 December 2026, SEBI lets NRIs, OCIs and foreign nationals in FATF compliant countries complete KYC digitally from abroad, with VIPV, live GPS and matched IP safeguards.
From 1 January 2027, e-invoicing covers import of services and reverse charge purchases from unregistered suppliers for the Rs 5 crore class under CBIC Notification 04/2026-Central Tax.
EDF for export of services: RBI’s Second Amendment of 2 November 2026 deems filing for individuals and remittances up to Rs 10 lakh, and narrows IDPMS entries.
SEBI’s accredited investor circular of 5 November 2026 allows manager-led accreditation, sets three-year validity and defines the Rs 5 crore exposure test.
GST registration amendment and cancellation rules from 1 Nov 2026: new rules 19 and 20, rule 14B e-commerce warehouse option and CBIC Circular 257/03/2026-GST.
MCA General Circular 05/2026: AOC-4 and MGT-7 for FY 2025-26 can be filed without additional fees till 31 Dec 2026 and 31 Jan 2027. AGM date not extended.
Post-sale discount under GST from 1 November 2026: new Section 15(3)(b) needs a credit note and the recipient’s ITC reversal; no prior agreement condition.
GST refund rules from 1 November 2026: 10-day acknowledgement, deemed acknowledgement, portal provisional refund and a new inverted duty formula explained.
