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October 2026
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GST57th GST Council: arrest power to go, prosecution threshold ₹5 crore, automatic refunds and wider input tax credit recommended
Prosecution: ₹1 crore → ₹5 croreReliefThe GST Council, in its 57th meeting on 8 October 2026, recommended omitting the arrest power in section 69 of the CGST Act, raising the prosecution threshold from ₹1 crore to ₹5 crore and cutting the general penalty from ₹25,000 to ₹10,000. It also recommended system-sanctioned refunds, refund of credit on capital goods and input services, a shorter list of blocked credits and a simpler registration for small e-commerce sellers. None of it is law yet: each item needs a circular, notification or amendment.
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GSTGross GST collection for September 2026 at ₹2,03,521 crore, up 14.7%; net revenue ₹1,76,520 crore after refunds of ₹27,001 crore
₹2,03,521 crore, up 14.7%Gross GST revenue for September 2026 was ₹2,03,521 crore against ₹1,77,365 crore in September 2025, a growth of 14.7%. Domestic revenue grew 10.1% and import revenue 25.9%. Refunds were ₹27,001 crore, 3.0% lower, leaving net revenue of ₹1,76,520 crore, up 18.1%. The figures are provisional.
September 2026
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Income TaxNet direct tax collections at ₹12,12,411 crore as on 17 September 2026, up 12.96%; refunds 29.19% higher at ₹2,20,027 crore
Net ₹12.12 lakh crore, up 12.96%CBDT data for FY 2026-27 as on 17 September 2026 shows gross direct tax collections of ₹14,32,437.43 crore (up 15.19%), refunds of ₹2,20,026.72 crore (up 29.19%) and net collections of ₹12,12,410.71 crore (up 12.96%). Advance tax stands at ₹5,21,940.72 crore, 16.18% more than a year ago.
May 2026
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GSTGST refund of accumulated ITC: Annexure-B must now be filed through the portal’s offline utility
Annexure-B in ExcelAction neededThe GST portal advisory of 18 May 2026 replaces the PDF Annexure-B with a standard Excel offline utility for refunds of accumulated input tax credit — exports and SEZ supplies without tax, inverted tax structure, and export of electricity. Invoices are reported HSN/SAC-wise and checked against GSTR-2B.
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