Monthly Compliance Update Vol 1 · Issue 1
Monthly Compliance Update
GSTR-3B extension, IMS offline tool, India-Japan tax MoU, and new PAN correction procedures.
May 2026
Volume 1 · Issue 1
Monthly Compliance Update May 2026 · Vol 1 · Issue 1 Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
3
4
5
6
7
TDS/TCS Deposit — March
8
9
10
GSTR-7 & GSTR-8
11
GSTR-1 (Monthly)
12
13
GSTR-1 IFF
14
15
TDS Certificate 16B/16C
16
17
18
19
20
21
GSTR-3B — March (Extended)
22
23
24
25
GST PMT-06 Challan
26
27
28
29
30
31
| Date | Category | Compliance / Filing | Applicable To |
|---|---|---|---|
| 7 May | Income Tax | TDS/TCS Deposit — March | All Deductors/Collectors |
| 10 May | GST | GSTR-7 & GSTR-8 | TDS/TCS Deductors |
| 11 May | GST | GSTR-1 (Monthly) | Monthly Filers |
| 13 May | GST | GSTR-1 IFF | QRMP Taxpayers |
| 15 May | Income Tax | TDS Certificate 16B/16C | TDS Deductors (property/rent) |
| 21 May | GST | GSTR-3B — March (Extended) | Monthly Return Filers |
| 25 May | GST | GST PMT-06 Challan | QRMP Taxpayers |
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- Notification No. 01/2026-CT, dated 21 April 2026 — GSTR-3B Due Date Extended for March 2026: CBIC extended the due date for FORM GSTR-3B for the month of March 2026 to 21 April 2026, applicable to all registered persons required to file monthly returns under Section 39(1) of the CGST Act, 2017. The extension was granted under Section 39(6) on the recommendations of the GST Council.
- 1 April 2026 — GST Revenue Collections for March 2026: Gross GST collections for March 2026 stood at ₹2,00,064 crore, reflecting 8.8% year-on-year growth. Domestic revenue grew 5.9% to ₹1,46,202 crore while GST from imports rose 17.8% to ₹53,861 crore. Net collections after refunds of ₹22,074 crore stood at ₹1,77,990 crore, up 8.2% YoY. Full year FY 2025-26 gross collections grew 8.3% to ₹22,27,096 crore.
- Advisory No. 655, dated 3 April 2026 — Appeals in NIL Demand Cases: GSTN clarified that taxpayers cannot file Form APL-01 appeals against demand orders reflecting a "NIL" demand even where a genuine dispute exists. This arises where payment was made at the SCN stage without admitting liability and the authority subsequently records demand as fully discharged. Payment at the SCN stage does not extinguish the right to appeal. Taxpayers must approach the adjudicating authority for a rectification order; once corrected, the appeal may be filed within prescribed timelines.
- Advisory No. 656, dated 10 April 2026 — APL-01 Pre-Deposit Field Made Editable (w.e.f. 6 April 2026): GSTN made the pre-deposit percentage field editable in Form APL-01 effective 6 April 2026. Earlier, the portal auto-populated a mandatory 10% pre-deposit under Section 107(6) of the CGST Act without allowing modification, creating difficulties where the deposit had already been made through other modes or where the demand amount was inaccurately reflected. The Appellate Authority will continue to independently verify the correctness of the pre-deposit during adjudication.
- Advisory dated 6 March 2026 — GSTR-3B Interest Re-computation Facility for February 2026: A technical glitch caused incorrect auto-calculation of interest in Table 5.1 of the March 2026 GSTR-3B for certain taxpayers, without accounting for the minimum cash balance in the Electronic Cash Ledger per the proviso to Rule 88B(1) of the CGST Rules, 2017. Taxpayers observing any discrepancy should use the "RE-COMPUTE INTEREST" button under Table 5.1 of GSTR-3B to obtain the corrected figure.
- Advisory No. 658, dated 21 April 2026 — IMS Offline Tool (Excel-based) Introduced: GSTN introduced an Excel-based offline tool for the Invoice Management System (IMS), enabling taxpayers to accept, reject, or keep invoices pending — individually or in bulk — without real-time portal access. Download from the GST portal under Downloads → Offline Tools → IMS Offline Tool. Process the data offline and upload the JSON file back to the portal. Especially useful for businesses handling high volumes of supplier invoices.
Action Required: Taxpayers with demand orders showing a "NIL" demand figure but a subsisting dispute must immediately seek a rectification order from the adjudicating authority to preserve their right of appeal under Section 107. All businesses should also download the new IMS Excel offline tool to streamline monthly invoice reconciliation.
- Notification No. 56/2026, dated 2 April 2026 — India-Japan MoU for Mutual Assistance in Tax Collection: The Central Government notified a Memorandum of Understanding between India and Japan for mutual assistance in collection of taxes under the Income-tax Act and the applicable DTAA. The MoU formalises bilateral cross-border recovery of tax dues, enabling each country to recover tax claims on behalf of the other as if they were its own. It covers tax, interest, penalties, and related charges and applies to requests made on or after 8 July 2025. The arrangement strengthens international tax enforcement and acts as a deterrent against offshore tax evasion.
- Order dated 1 April 2026 — Standardised Forms for PAN Correction [Rule 158(12) r/w Section 262(4)]: The Directorate of Income-tax (Systems) prescribed standardised forms and procedures for PAN data correction effective 1 April 2026. Two new forms introduced: PAN CR-01 for individuals and PAN CR-02 for non-individuals. Applicants must furnish PAN, Aadhaar (for individuals except exempt cases), complete personal or entity details, contact information, and supporting documents including proof of identity, address, and date of birth or incorporation. Submission is permitted through authorised PAN centres or online portals.
Action Required: Entities or individuals seeking PAN corrections must henceforth use the prescribed PAN CR-01 / CR-02 forms. Legacy or informal correction requests may no longer be accepted. Ensure supporting documents are in order before filing.
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Disclaimer
This newsletter is published for informational purposes only and does not constitute legal, financial, or professional advice. Readers are advised to independently verify all information before taking any action. No liability is assumed by DJAS & Co. or its partners for any loss arising from reliance on this publication.