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GST E-Invoicing Update October 2026: RCM Self-Invoice Rules

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The GST portal has announced an e-invoicing facility for recipient-generated self-invoices under the Reverse Charge Mechanism (RCM), covering domestic supplies from unregistered persons and imports of services. The update was listed on 16 October 2026. What is the latest GST e-invoicing update? The new facility relates to two categories: RCMDOM: Recipient-generated self-invoices for domestic supplies received from unregistered persons under RCM. RCMIMP: Recipient-generated self-invoices relating to imports of services under RCM. This is particularly relevant for businesses that regularly receive services or other supplies on which GST is payable under reverse charge. Important: The introduction of a portal facility does not automatically mean that every RCM transaction requires an Invoice Reference Number (IRN). Businesses should confirm the applicable legal requirements, turnover criteria, transaction eligibility and effective date before changing their invoicing process. What is a se...
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GSTR-9 and GSTR-9C for FY 2025-26: Filing Guide, Turnover Limits, Due Date and Reconciliation Checklist

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  GSTR-9 and GSTR-9C Filing for FY 2025-26: What Taxpayers Need to Know The annual GST return season is here. The GST portal enabled filing of GSTR-9 and GSTR-9C for the financial year 2025-26 from 8 October 2026. In its advisory dated 13 October 2026, GSTN asked taxpayers to file all applicable GSTR-1 and GSTR-3B returns for FY 2025-26 to enable the annual-return filing option. For businesses and tax professionals, this is the right time to review sales, purchases, input tax credit (ITC), tax payments and books of accounts before submitting the annual return. 1. What Is the Difference Between GSTR-9 and GSTR-9C? Although these forms are related, they serve different purposes. Particulars GSTR-9 GSTR-9C Purpose Annual GST return Reconciliation statement Main information Annual sales, purchases, ITC, tax paid and other GST details Reconciliation of GST figures with financial statements Turnover criteria Generally applicable above ₹2 crore, subject to exemptions Generally applicable ...
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Location: India
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GSTR-2B vs Purchase Register: How to Identify ITC Mismatches Before Filing GSTR-3B

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  Why Is GSTR-2B Reconciliation Important? Have you ever found a difference between the ITC recorded in your purchase register and the credit appearing in GSTR-2B? This is a common challenge during monthly GST return preparation. Sometimes, a supplier has not uploaded an invoice. In other cases, the invoice number, taxable value, GSTIN or tax amount may not match your books. Identifying these differences before filing GSTR-3B helps you review ITC eligibility and avoid unnecessary corrections later. GSTR-2B is an auto-drafted statement based on information reported by suppliers and other specified sources. However, ITC appearing in GSTR-2B should not automatically be treated as eligible credit. The taxpayer must also check the applicable GST conditions. Common Reasons for ITC Mismatches Here are some of the issues tax professionals should look for during reconciliation. 1. Purchase Invoice Missing from GSTR-2B Your business has recorded a purchase invoice, but it does not appear in ...
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Location: India
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GST Updates 2026: 7 Key Reforms Every CA, Tax Professional and Business Owner Should Know

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Latest GST Updates: Key Changes You Should Know The 57th GST Council meeting, held on 8 October 2026, brought several proposed changes that could affect GST registration, return filing, input tax credit (ITC), refunds and compliance procedures. For CAs, tax consultants, accountants and business owners, understanding these changes is important—not just to stay updated, but also to prepare for their impact on regular GST compliance work. Here are the key recommendations worth keeping on your radar. 1. GST Registration Process May Become Simpler Applying for GST registration can sometimes involve documentation issues, clarification requests and delays. The Council recommended clearer guidelines, improvements to the registration application and a more user-friendly GST portal. What you should know: Keep your business documents and application details accurate, and respond promptly to any clarification requested during registration. 2. Changes in GST Prosecution and Penalties The Council re...
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Location: India
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