*GST RegistrationSimplified*

*7 major changes from CBIC Circular No. 257/03/2026-GST (26 Oct 2026) on GST registration*

1) Officers can ask ONLY for documents listed in FORM GST REG-01 — no extra papers like Udyam/MSME certificates, shop licences or other non-prescribed documents.

2) Entity-wise document checklists issued for Proprietorship, Partnership/LLP, Company, HUF, Society/Trust, etc., so applicants know exactly what is needed.

3) Clear rules + ready formats for premises proof: owned (any one utility/tax doc), rented (agreement + ownership proof), consent-based (Annexure-VI consent letter), no agreement (Annexure-V undertaking), inherited (Annexure-IV affidavit + death certificate), and co-working spaces.

4) Presumptive queries banned — officers cannot question residential address of directors/applicants in another city/state, object to residential premises, or reject based on electricity connection type (domestic/commercial).

5) Queries allowed only through FORM GST REG-03 and only for incomplete/illegible documents, address mismatch, or vague address — no other clarifications.

6) Strict timelines: 7 working days for Aadhaar-authenticated applications (30 days if physical verification needed); reply to REG-03 in 7 days and decision in next 7 days; no action = deemed approval.

7) Bank account details not mandatory while applying — can be furnished within 30 days of registration or before filing first return/IFF, whichever is earlier.

*List of Some Recommendations of the 57th Meeting of the GST Council*

👉 Streamlining registration process with clear guidelines on filing and processing
Issuance of a comprehensive circular specifying the documents and information required for GST registration, along with FAQs, to simplify the filing and processing of registration applications for other than rule 14A

Amendment in the registration application in FORM GST REG-01, to provide for drop boxes for selection of prescribed documents/information

👉 Automatic acceptance of amendments to all registration particulars on the portal, except those relating to the Principal Place of Business (PPoB).

For taxpayers registered under rule 14A amendments of all registration particulars, including those relating to the PPoB, will be accepted automatically on the portal.

👉 Automatic cancellation of registration on the application of the taxpayer if Taxpayer has not passed on ITC exceeding ₹2.5 lakh in any of the months since registration
Taxpayer has passed on ITC exceeding ₹2.5 lakh in a month, but has filed the final return in FORM GSTR-10 within specified time period. FORM GST REG-16 will be amended so that the details of FORM GSTR-10 can be furnished in the said application itself so no need to file Separate Form GSTR-10

👉Insertion of rule 23A in CGST Rules, 2017, to provide for a mechanism of system-based cancellation and revocation of registration based on non-compliance and subsequent compliance of the defaults of non-filing return or non-furnishing of the details of the bank account, within specified time period.

👉 Simplified GST registration mechanism for small sellers on the Electronic Commerce Operators (ECO) platform
Insertion of rule 14B in the CGST Rules, 2017, to provide for a simple mechanism for registration for small suppliers making supplies of goods through ECOs, in States/UTs, where they do not have physical presence, and where they intend to pass on ITC not more than₹2.5 lakh per month, excluding stock transfers between distinct persons, by declaring the warehouse of an ECO in that State/UT, as their Principal Place of Business (PPoB). Registration in such cases will be granted automatically by the system, subject to certain conditions.

👉 Enhancements in FORM GSTR-1/1A/IFF to enable better reconciliation of the details furnished in these forms with the details reported in the return in FORM GSTR-3B

👉 Insertion of a rule 86D in the CGST Rules, 2017, to provide for a facility namely, “Electronic Statement of tax paid on Reverse charge basis and input tax credit claimed” on the portal, to facilitate the taxpayers in correct reporting of tax liability and ITC on supplies liable to RCM in returns

👉Insertion of sub-rule (1A) in rule 61 of the CGST Rules, 2017 to provide a mechanism of correct reporting and correction/rectification of liability in the return, so that liability in the return in FORM GSTR-3B aligns with the details of liability furnished in FORM GSTR-1/1A/IFF.

👉Amendment in FORM GST DRC-03, to declare the details of the underlying invoice for which payment has been made.

👉 Full refund claim of excess balance in the electronic cash ledger will be sanctioned automatically by the system, without officer intervention.

👉No notices will be issued if the tax amount involved is less than Rs. 10,000/-.

👉Reduced penalty of 5% in non-fraud cases, where tax along with interest is discharged within 30 days (under section 73) or 60 days (under section 74A) of the adjudication order.

👉 Removal of condition of minimum penalty of Rs. 10,000/-, in non-fraud cases.

👉The GST Council recommended reducing the maximum general penalty under section 125 of the CGST Act, 2017 from Rs. 25,000/- to Rs. 10,000/-.

👉Accumulated ITC on input services for refunds pertaining to inverted duty structure shall be available in respect of ITC availed on input services on or after 1 November, 2026.

👉Remove the restrictions on availment of ITC inter-alia on the supplies of outdoor catering, health and life insurance, telecommunication towers, pipelines laid outside factory premises, free samples, goods destroyed or written off on expiry of shelf life as required by law.

👉*Concept note for an optional scheme for Annual Return Quarterly Payment (ARQP): The GST Council approved in-principle a concept note for an optional Annual Return Quarterly Payment (ARQP) scheme for taxpayers having an aggregate turnover equal to or less than Rs. 5 Crore in the preceding financial year and engaged exclusively in supplies to unregistered persons (B2C supplies).*

ITR forms for AY 2026-27 FY 2025-26 live, contact us for filling 

Filing of applications for Lower / Nil TDS or TCS Deduction Certificates in Forms 13, 15C, 15D and 15E for FY 2026–27 has been enabled on the TRACES portal. 

Applications may be submitted up to 31.03.2026. 

Certificates issued against such applications shall be valid for FY 2026–27 under the Income-tax Act, 2025.

#Economy | 📈 India’s Retail Inflation Rises to 3.2% in February from 2.74% in January

More details 👇
https://www.moneycontrol.com/news/business/economy/india-s-retail-inflation-rises-to-3-2-in-february-13858309.html?utm_medium=social&utm_source=whatsapp&utm_campaign=regular-editorial

Reliance Industries is reportedly planning to invest in a $300 billion oil refinery project in Texas, announced by US President Donald Trump.

 If completed, it would become the first new oil refinery built in the US in nearly 50 years. The project, expected to be located near Brownsville , aims to significantly boost US refining capacity, create thousands of jobs, and strengthen energy security. 

The scale of the investment makes it one of the largest energy infrastructure deals ever, highlighting deepening India–US energy ties and Reliance’s growing global energy ambitions.

Central Goods & Services Tax (#CGST) Delhi South Commissionerate arrests director of a company for fraudulent availment of Input Tax Credit (ITC) amounting to ₹60.59 crore through bogus invoices of ₹397.23 crore 

Analysis of #GST return data and verification of the declared place of business of the supplier entity revealed that the premises was merely a co‑working space and no books of accounts, stock, invoices or any evidence of genuine business activity was found

Further, CGST Delhi South Commissionerate, in the current fiscal year, has already launched prosecutions against 45 fraudsters under the CGST Act, 2017

ITR-U or Updated Income Tax Return is the form that allows you to rectify errors or omissions and update your previous ITR. It can be filed within four years from the end of the relevant assessment year. You can file ITR-U for preceding 4 assessment years (48 months). For FY 2024-25, ITR-U can be filed from 1st April 2026 to 31st March 2030.