LatestAccounting And Audit 19 October 2026
Tax Audit Extension Sought Until Oct 31 2026 Amid GST Relief
Indian tax experts are pressing the government to extend the statutory tax audit deadline to 31 Oct 2026, citing overlapping compliance obligations, recent GST relief and court rulings that have strained auditors and businesses with tighter timelines.
Indian tax professionals argue that the current audit timetable clashes with other statutory duties and recent GST concessions. They request the deadline be moved to 31 Oct 2026 to ease the burden.
- Overlapping compliance schedules increase workload for firms.
- Recent GST relief measures have shifted focus and resources.
- Court rulings emphasize the need for realistic timelines.
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