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LatestGoods & Service Tax (GST) 27 September 2026

GST Updates: ITC Savings, EV Plans, Audit Tips & Council Meet

Recent GST updates feature a two‑minute ITC recovery tool, Sazgar Motors’ EV launch despite higher GST, key tax‑audit pitfalls before the Sept 30 deadline, the GST Council’s reform‑focused meeting, court rulings overturning GST orders, IFRS 20 asset guidance, and a forward‑charge overview.
  • ITC Recovery: A new tool can reclaim thousands of rupees in Input Tax Credit in just two minutes. ↑
  • EV Launch: Sazgar Motors plans an electric‑vehicle rollout while absorbing recent GST hikes, expecting supportive auto policies. ↑
  • Tax‑Audit Deadline: Guidance highlights five common mistakes in GST turnover, TDS, AIS and expense claims ahead of the Sept 30 audit cut‑off. ↑
  • GST Council Meeting: The Oct 7 council session will focus on process reforms and ease of doing business, with no rate changes expected. ↑
  • Court Rulings: Calcutta High Court quashes a GST adjudication order for denying a personal hearing and also overturns a GST registration cancellation over undisclosed bank details. ↑ ↑
  • IFRS 20 Insight: EY explains how to recognize regulatory assets and liabilities arising from timing differences in service provision. ↑
  • Forward‑Charge Mechanism: Overview of the supplier‑borne tax collection responsibility under Section 9(1) of the CGST Act. ↑

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