LatestIncome Tax 30 September 2026
India Tax Updates: Refund Boost, EPF Changes, GST Notices
The Indian government will boost exporter tax refunds to nearly ₹2 trillion over five years, while new wage‑ceiling rules reshape EPF/EPS contributions. GST authorities have issued show‑cause notices to Nucleus Software and Urban Company, and a panchayat has warned Surabhi Medical College over tax dues. Extensions for tax‑audit reports and ITR filing deadlines provide relief, and a new mining law threatens state revenue streams.
- Export refund boost: The government plans to increase the outlay for RoDTEP and RoSCTL schemes to about ₹2 trillion over five years, aiming to strengthen exporters. (LiveMint)
- EPF/EPS wage ceiling: New rules set a Rs 20,000 wage ceiling, altering employer PF contributions from October 2026. (Economic Times)
- GST show‑cause to Nucleus Software: The firm received a notice demanding ₹17.49 crore for FY23. (ScanX)
- GST show‑cause to Urban Company: Urban Company faces a ₹3.05 crore notice for FY23 input‑tax credit claims. (ScanX)
- Panchayat notice: Surabhi Medical College was served tax‑due notices by the Mittapally panchayat. (Telangana Today)
- Mining law impact: A new uniform mining tax law could cut revenue for Jharkhand, sparking concerns. (DownToEarth)
- Tax audit deadline extended: CBDT moved the tax‑audit report due date to 21 Oct 2026 and extended ITR filing for audited taxpayers. (SAG Infotech)
- ITR filing extension: The Return of Income deadline shifted from 31 Oct to 21 Nov 2026 for eligible taxpayers. (IBTimes India)
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