fagareassociates_co

20/10/2026

11/10/2026

🌺 Happy Navarathri! 🌺

May Maa Durga bless you and your family with strength, prosperity, happiness, and success.

Warm wishes from Fagare Associates Chartered Tax Practitioners.

Your Trusted Partner in Taxation & Compliance. 🙏

✨❤️ ❤️

10/10/2026

GSTR-9 & GSTR-9C for FY 2025-26 are now live on the GST portal.

🗓️ Due date: 31 December 2026

Quick reminders:
🔹 GSTR-9 cannot be revised once filed – reconcile first.
🔹 ITC of FY 2025-26 can be claimed till 30 Nov 2026 or the date of filing GSTR-9, whichever is earlier – so don’t file before claiming pending ITC.
🔹 This year covers two rate structures (rate change from 22 Sept 2025) – check HSN and rate-wise data.

Start early, avoid the December rush.

10/10/2026

GSTR-9 & GSTR-9C for FY 2025-26 are now live on the GST portal.

🗓️ Due date: 31 December 2026

Quick reminders:
🔹 GSTR-9 cannot be revised once filed – reconcile first.
🔹 ITC of FY 2025-26 can be claimed till 30 Nov 2026 or the date of filing GSTR-9, whichever is earlier – so don’t file before claiming pending ITC.
🔹 This year covers two rate structures (rate change from 22 Sept 2025) – check HSN and rate-wise data.

Start early, avoid the December rush.

Fagare Associates™
Chartered Tax Practitioners
8095771937

09/10/2026

🚨 57th GST Council Meeting – Key GST Reforms

8 October 2026 | Major Relief for Taxpayers & Businesses

The 57th GST Council meeting has recommended several important process and compliance reforms aimed at making GST simpler, faster and more business-friendly.

🔹 1. Arrest Provisions Removed
GST arrest provisions have been recommended for removal, with the focus shifting towards recovery and proportionate penalties.

🔹 2. Prosecution Threshold Raised
The prosecution threshold is recommended to increase from ₹1 Crore to ₹5 Crore.

🔹 3. General Penalty Reduced
Maximum general penalty under Section 125 proposed to reduce from ₹25,000 to ₹10,000.

🔹 4. Wider ITC & Refund Eligibility
Recommendations include wider eligibility for Input Tax Credit and refunds, including certain capital goods and input services.

🔹 5. Faster GST Refunds
Refund procedures to be streamlined to improve working capital and cash flow for businesses.

🔹 6. Relief for Small Taxpayers
An optional simplified scheme has been approved in principle for small consumer-facing businesses with turnover up to ₹5 Crore.

🔹 7. Simplified GST Compliance
Registration, return filing and other GST processes are proposed to become easier and more streamlined.

🔹 8. Common Standards for Notices
Standardised procedures for GST notices and proceedings are recommended, including a ₹10,000 monetary threshold for notices.

🔹 9. Easier E-commerce & Export Compliance
Simplified registration for small sellers on e-commerce platforms and measures to facilitate export of services have also been recommended.

📌 Important Note

These are GST Council recommendations. The relevant changes will become effective only after the required amendments, notifications and/or rules are issued.

FagareAssociates
Simplifying Tax, Empowering Business.
📞 8095771937

GSTIndia TaxUpdates GSTCompliance InputTaxCredit Taxpayers MSME

07/10/2026

📢 Big development in TDS Return filing from Q2 of FY 2026-27!

TDS returns can now be filed directly ONLINE through the TRACES Portal itself!!

No need to first file on the Income Tax portal, wait for transfer to TRACES, and then processing.

✅ Very useful for short returns
✅ Faster & simple process
✅ Working perfectly

Complete process in this 🏮

Step 1: Select the appropriate TDS Form

Step 2: Import challans from the portal. If any challan is not updated, you can also enter it manually.

Step 3: Enter the deductee details.

For multiple entries/deductees, a Bulk Upload facility is also available

Step 4: Challan Mapping with Deductee entries

Step 5: Validation & Conformation

Step 6: E-verification through Aadhaar OTP or DSC of Authorized Person

05/10/2026

👉Digital Signature Certificate) Update 2026 and the transition to FIPS 140-3 compliant cryptographic modules.

✨Key points in simple language:

1. New rule from 21 September 2026
* New DSCs are to be issued using FIPS 140-3 compliant modules.
* New DSC issuance using the older FIPS 140-2 modules is shown as discontinued.
2. Existing DSC remains valid
* If your current DSC/token is working, you can continue using it until its expiry date.
* You don’t necessarily need to replace it immediately.
3. New/renewed DSC
* Fresh issuance and normal renewal are shown as using FIPS 140-3 compliant technology.
4. GST users
* The poster highlights GSTN emSigner v3.3 support for new DSC tokens issued on or after 21 September 2026.

Practical takeaway

If your existing DSC is working properly, there is no immediate need to change it. When you apply for a new DSC or renewal, ensure the token is FIPS 140-3 compliant.

💼Fagare Associates
📊Chartered Tax Practitioners
📊| Certified Public Accountant
📞8095771937
can assist with DSC-related services.