Agrawal Vikas & Co LLP

28/09/2026

Tax Audit A.Y. 2026-27 | Clause 44
Clause 44 should not be treated as a simple GST purchase reconciliation.
For reporting, the auditor should consider reportable expenditure from the books, including relevant capital expenditure, and classify it based on the GST registration status of the supplier.
A proper reconciliation between books, vendor GST status and Clause 44 reporting is important before finalising Form 3CD.
ICAI has also issued its Revised 2026 Guidance Note on Tax Audit u/s 44AB, making accurate clause-wise reporting particularly relevant for A.Y. 2026-27.

26/09/2026

Tax Audit AY 2026-27 | MSME Reporting

Revised Clause 22 of Form 3CD requires detailed reporting of amounts payable to Micro & Small Enterprises, including timely payments and amounts inadmissible under Section 43B(h).

Key check: MSE Status → Acceptance Date → Due Date → Actual Payment Date

Remember: Section 43B(h) applies to Micro & Small Enterprises, not Medium Enterprises.

18/09/2026

*EPFO WAGE CEILING INCREASED*

*₹15,000 → ₹25,000 Per Month*

The Ministry of Labour & Employment has increased the wage ceiling for mandatory coverage under EPF, EPS and EDLI.

*Effective From: 17 September 2026*
Notification: S.O. 5109(E)

Employees drawing monthly wages up to ₹25,000 will now come within the prescribed social security coverage, subject to applicable provisions.

Impact: Wider PF coverage and a possible change in employee and employer contributions.

AVCLLP ACADEMY

Source: Gazette of India

16/09/2026

*ICAI Member Benefit Alert*

*Free Class 3 Individual Signing DSC – 2-Year Validity*

The Beneficiary Schemes Directorate of ICAI is offering a Class 3 Individual Signing Digital Signature Certificate (DSC) with 2-year validity, completely FREE of cost, through IDSign for eligible ICAI Registered Practicing Professional Members.

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• Validity: 2 Years

Apply Online at ApplyDSC.idsign.app/index.php/45I3…

Enter your ICAI Membership/Registration Number in the Remarks Field to facilitate ICAI approval.

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📞 0120-3045994
📧 [email protected]

16/09/2026

*TRACES UPDATE*

*Online TDS–TCS Return Correction is now LIVE on the New TRACES Portal.*

If you have received an email from TDS CPC regarding processing of defaults in Form 140–143 for Q1 of TY 2026–27, and the demand is towards INTEREST ONLY, you can now file the correction online through the New TRACES Portal — without requesting a Conso File.

🔗 TRACES Portal: http://www.tdscpc.gov.in

📌 Path: Defaults → Request for Correction → Pay / Allocate Interest

*AVCLLP ACADEMY*

13/09/2026

*CIBIL is no longer just a credit score. Today, it can directly influence your loan eligibility, interest rate and overall banking credibility.*

That is why this RBI action deserves attention.

RBI has imposed a *₹26.82 lakh penalty on TransUnion CIBIL Limited* for failing to credit prescribed compensation to certain eligible complainants within the stipulated timeline.

Under RBI’s framework, complaints relating to correction or updating of credit information are required to be resolved within the prescribed period. If the complaint remains unresolved beyond *30 calendar days, an eligible complainant may be entitled to compensation of ₹100 per day of delay*.

So, if your CIBIL report contains an incorrect loan, wrong overdue, inaccurate payment status or any other error, do not simply ignore it as a “system issue.” Once a complaint is raised, there is a regulatory timeline for its resolution.

The key message is simple: Your credit history matters, but your rights as a borrower matter too.

— *AVCLLP Academy*

04/09/2026

https://taxguru.in/company-law/form-adt-1-auditor-mandatory-compliance-matter-prudence.html

Revised Form ADT-1 covers first auditor appointments from 14 July 2025, but Section 139(6) and Rule 4(2) do not expressly mandate filing.

03/09/2026

Is ADT-1 Mandatory for First Auditor?

Legal position: Not expressly mandatory under Section 139(6) read with Rule 4(2).
However, after the revised ADT-1 effective from 14 July 2025, filing ADT-1 is recommended as a prudent compliance practice.
In short: Not expressly mandatory, but advisable to file.

— AVCLLP Academy

31/08/2026

MCA Update

Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) has been further extended up to 15 September 2026.
As per MCA General Circular No. 04/2026 dated 31 August 2026.
All other terms and conditions remain unchanged.

AVCLLP Academy

03/07/2026

AVCLLP ACADEMY | GST UPDATE
CBIC Circular No. 255/01/2026-GST
Jurisdiction after GST Registration Transfer – Key Clarification
• Proceedings initiated by the earlier jurisdictional officer remain valid.
• After migration, all further proceedings will be handled by the new jurisdictional officer.
• The previous officer cannot initiate fresh proceedings after the transfer.
• The new jurisdictional officer will continue the case from the stage where it was transferred.
Source: CBIC Circular No. 255/01/2026-GST dated 25.06.2026