Monthly Newsletter

GSTN issued an advisory in July extending the Annual Aggregate Turnover (AATO) amendment window for FY 2025-26, which had earlier been set to close in May 2026. The window allowed taxpayers who had reported incorrect AATO — which determines filing frequency and procedural eligibility — to correct it through the GST portal. This extended window has now closed.

The GST Appellate Tribunal introduced a token mechanism to record taxpayers’ intent to file appeals. Under Order No. 156/2026, an appellant obtains a token from the GSTAT portal to register intent; the actual appeal must then be filed within 60 days of token generation, and the appeal is deemed filed on the date of token issuance for limitation purposes. This mechanism remains active for taxpayers with approaching limitation deadlines.

CBIC has clarified departmental GSTAT appeals arising from DGGI cases adjudicated by a Common Adjudicating Authority (CAA). The taxpayer’s jurisdictional CGST Commissioner is the reviewing authority. Separate appeals must be filed for each taxpayer by its jurisdictional Commissionerate before the GSTAT bench having territorial jurisdiction over that taxpayer, with prescribed inter-Commissionerate communication.

Days before the scheduled 1 August 2026 go-live, GSTN issued Advisory No. 668 placing the proposed e-Way Bill enhancements in abeyance until further notice. The two features deferred are: mandatory capture of ‘Ship-To GSTIN’ in Bill-To / Ship-To transactions, and voluntary closure of E-Way Bills before expiry. Industry groups had raised concerns over practical difficulties in collecting Ship-To GSTIN details from customers, commercial confidentiality issues, ERP modification timelines, and compliance risks from the proposed validations. Businesses that had already commenced system changes should monitor GSTN advisories for the revised implementation date.

CBDT notified the Cost Inflation Index (CII) for Financial Year 2026-27. The CII is used to compute the indexed cost of acquisition for long-term capital assets — including immovable property, unlisted shares, debentures, and jewellery — for the purpose of calculating Long-Term Capital Gains (LTCG). Taxpayers and companies planning to compute LTCG on transfers made during FY 2026-27 should refer to the updated index on the Income Tax India portal.

MCA granted a further extension of the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026), extending its validity from 15 July 2026 to 31 August 2026. The extension was granted in view of ongoing capacity enhancement and restoration activities at the MCA21 Data Centre following the fire incident at the facility. Companies with eligible pending statutory filings — including AOC-4, MGT-7, ADT-1 and other MCA21 forms — should utilise this final window to clear outstanding compliance without additional fees.

MCA announced the 'Corporate Mitra' Course on the SWAYAM Plus portal — a government initiative to build a pool of para-professionals supporting MSMEs across accounting, taxation, banking, financial management, legal and secretarial compliance, and cost and management accounting. Registrations ran from 15 July to 31 July 2026 and are now closed.