Regulatory alerts, budget analysis, and compliance guidance from our team — updated as the rules change, not once a year.
Since the Council's rate overhaul took effect on 22 September 2025, most goods sit at 5% or 18%, with a new 40% rate for select luxury and sin goods. Here's what to re-check in your own classification.
15 Jul 2026Tax rates are unchanged, but the Tax Year terminology, staggered filing deadlines, and revised-return timeline all shift from 1 April 2026.
10 Jul 2026If your payroll system still cites 194C, 194J, or 194H, those citations are technically obsolete for deductions from 1 April 2026 onward.
5 Jul 2026Consolidated export, ECB, and cross-border guarantee regulations replace scattered circulars — with a 1 October 2026 effective date to plan around.
20 Jun 2026Retrospective immunity from prosecution for non-disclosure of modest overseas holdings, effective from 1 October 2024.
12 Jun 2026Litigation-reduction measures, simplified GST credit notes, the new National Appellate Authority for Advance Ruling, and the sector-specific detail that matters.
1 Feb 2026| Due Date | Compliance | Applies To |
|---|---|---|
| 7 Jul 2026 | TDS/TCS deposit for June 2026 | All deductors |
| 11 Jul 2026 | GSTR-1 for June 2026 | GST-registered businesses |
| 18 Jul 2026 | CMP-08 for April–June 2026 | Composition dealers |
| 20 Jul 2026 | GSTR-3B for June/Q1 (verify by category) | GST-registered businesses |
| 31 Jul 2026 | ITR filing & Q1 TDS/TCS returns | Individuals, all deductors |
A practical guide for businesses: the Tax Year terminology shift, staggered filing deadlines, new TDS section codes, and a checklist for your accounting team.
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