LatestIncome Tax 5 October 2026
Next‑Gen GST Drives 12.6% Filing Rise
In the April‑July 2026 tax window, on‑time GSTR‑3B filings rose 12.6% over the prior period, indicating stronger taxpayer compliance after the rollout of next‑generation GST reforms. Officials say the jump should boost overall revenue collection.
Key highlights
- On‑time GSTR‑3B returns increased by 12.6% in the April‑July 2026 period.
- The rise reflects the impact of next‑generation GST measures aimed at simplifying compliance.
- Authorities expect higher filing rates to improve overall tax revenue.
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