Taxation Updates (CA Mayur J Sondagar)

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From Council to Notification: How Far the 57th GST Council Recommendations Have Become Law Credit to @beevenkat sir PDF Link drive.google.com/file/d/12Ha… Thank You @beevenkat sir

Comparative Table — Old Provisions v. Amended Provisions for Notification No. 04/2026-Central Tax (G.S.R. 918(E)) and Notification No. 05/2026-Central Tax (G.S.R. 919(E)), both dated 26.10.2026. Content Credit to @beevenkat Link drive.google.com/file/d/1x0D…

🚨 GST ALERT: CGST (Amendment) Rules, 2026 Notification No. 05/2026–Central Tax dated 26.10.2026 Most changes apply from 1 Nov 2026; some from 1 Dec 2026, 1 Jan 2027 and 1 Apr 2027. Key points 👇 1️⃣ RETURNS & FORMS 📌 Rule 62(5): GSTR-4 on exit from composition – 30 April ➝ 30 June; Rule 63: GSTR-5 – 20 ➝ 13 days 👉 Alignment only – general GSTR-4 already due 30 June; GSTR-5 already 13 days u/s 39(5) 📌 GSTR-4 & CMP-08: ECO u/s 9(5) services shown separately – no tax for composition dealer, but included in turnover 📌 E-invoice v1.2 (1 Jan 2027): RCMDOM & RCMIMP codes 2️⃣ CANCELLATION ON REQUEST – RULE 20 📌 REG-16 within 30 days (relaxed on death of sole proprietor); all due returns must be filed first (GSTR-3B for every period whose GSTR-1 is filed) 📌 Registration suspended from date of application 📌 Returns filed, dues paid & B2B tax never above ₹2.5 lakh/month: portal cancels automatically 📌 Officer silent 15 days = deemed approval; no reply to REG-03 = deemed rejection (REG-05A) 📌 Officer can later shift effective date to an earlier date via SCN (REG-34) 📌 REG-16 (1 Dec 2026): NIL return option for remaining period 3️⃣ AMENDMENT – RULE 19 📌 Only principal place of business change goes to officer – 15 days, else deemed amended 📌 Other changes (incl. legal name, partners) amended on filing; apply to all GSTINs on same PAN 📌 REG-03 now offers personal hearing 4️⃣ RULE 21 – ONLY 5 CANCELLATION GROUNDS Composition annual return default, Rule 23 provisos, 6 months (monthly) / 2 periods (quarterly) returns not filed, Rule 10A breach 5️⃣ RULE 14B – E-COMMERCE SELLERS 📌 GSTIN in another State with ECO warehouse as principal place of business 📌 B2B tax ≤ ₹2.5 lakh/month; ECO consent in 7 working days; biometric Aadhaar + home-State verification 📌 Verification not done in 30 days = deemed approval; one such GSTIN per State 6️⃣ REFUNDS 📌 Inverted duty: input services (ITC from 1.11.2026) now in Net ITC; capital goods from 1.4.2027 📌 Max Refund = (Inverted turnover × Net ITC ÷ Adjusted Total Turnover) − Tax payable on inverted supply 📌 Ledger debit: IGST first, then CGST & SGST equally 📌 1.5x domestic value cap on exports – Rule 89(4)(C) omitted 📌 Deemed acknowledgement if nothing in 10 days; portal RFD-04 in 3 working days 📌 New declaration: no prosecution for evasion above ₹250 lakh (1 Dec 2026) 7️⃣ FROM 1 APRIL 2027 📌 Portal suspends GSTIN for return defaults / Rule 10A breach; not cured in 30 days = deemed cancellation 📌 Revocation auto-approved on filing returns (REG-21 within 180 days) 📌 Rule 86A blocking by 'proper officer' via DRC-26 (1 year) → objection DRC-27 → order DRC-28 📌 DRC-01A to state source proceeding & ground 🔹 OTHERS ISD rules amended; metro railway in Rule 138; Rule 159 – DRC-22 Part B; new Rule 83C for GSTP ⚠️ WATCH 📌 Rule 20(14)–(20) live from 1 Nov 2026, but forms REG-34 to 37 only from 1 Apr 2027 📌 Clause numbering gaps in Rules 14B, 20, 21A, 86A – corrigendum possible 📌 New Rule 21 drops earlier grounds – read with S. 29(2) Full details in images 👇 More: TaxationUpdates.com #GST #CGSTRules #TaxationUpdates