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Updated every month · checked 8 November 2026

This month in taxNovember 2026

Every due date this month, what changed, and one thing worth checking. Each item links to its official source.

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Due dates in November 2026

Today’s date and the next one due are marked. Dates change by notification, so confirm on the portal before filing.

  1. 7Sat
    TDS

    TDS and TCS deposit for October

    Everyone who deducted TDS or collected TCS in October

    Source: Income Tax Department: tax payments FAQ ↗
  2. 10Tue
    GST

    GSTR-7 and GSTR-8 for October

    GST TDS deductors and e-commerce operators

    Source: GST portal: welcome kit for new taxpayers ↗
  3. 11Wed
    GST

    GSTR-1 for October (monthly filers)

    Monthly GST filers

    Source: GST portal: welcome kit for new taxpayers ↗
  4. 13Fri
    GST

    IFF for October (optional) and GSTR-6

    Quarterly (QRMP) filers who want to pass credit to buyers early; Input Service Distributors

    Source: GST portal: welcome kit for new taxpayers ↗
  5. 15Sun
    Payroll

    EPF and ESI for October

    Employers covered by EPF and ESI

    Source: EPFO: recovery manual ↗
  6. 20Fri
    GST

    GSTR-3B for October, with the tax (monthly filers)

    Monthly GST filers. No November GST date has been extended.

    Source: GST portal: welcome kit for new taxpayers ↗
  7. 21Sat
    Income tax

    Income-tax return: businesses under tax audit (AY 2026-27)

    Companies, firms and others whose accounts must be audited, and their partners. Moved from 31 October by CBDT Circular 07/2026.

    Source: CBDT Circular 07/2026 of 28 September 2026 (PDF) ↗
  8. 25Wed
    GST

    PMT-06 tax payment for October (quarterly filers)

    Small businesses on the QRMP scheme

    Source: GST portal: QRMP user guide ↗
  9. 30Mon
    GST

    Last date to claim missed input tax credit for FY 2025-26

    Every GST-registered business. Credit not claimed by now is lost; last year’s invoice corrections also close.

    Source: CGST Act, 2017, section 16(4), CBIC ↗
  10. 30Mon
    Income tax

    Income-tax return: transfer-pricing cases (AY 2026-27)

    Businesses that must file the transfer-pricing report

    Source: Income Tax Department: latest news ↗

Moved out of this month

  • MGT-7 and MGT-7A (company annual return) for FY 2025-26: can be filed up to 31 January 2027 without extra fee (MCA General Circular 05/2026). The date for holding the AGM is not extended.
  • AOC-4 (financial statements) and CRA-4 (cost audit report): up to 31 December 2026 without extra fee (MCA General Circulars 05/2026 and 06/2026).

Every date of the year, in the compliance calendar →

What changed

GST

Discounts after the sale: no prior agreement needed from 1 November

A discount given after the invoice (a year-end rebate, a volume scheme) can now reduce the taxable value without being agreed before the sale or linked to particular invoices. A credit note is enough, provided the buyer reverses the matching input tax credit.

What to do: Issue credit notes on time, and check in your buyer’s confirmation or GSTR-2B that the credit has been reversed.

Source: Lakshmikumaran & Sridharan: CGST Act amendments effective from 1 November 2026 ↗
GST

Faster refunds when inputs are taxed higher than sales

Where credit piles up because inputs carry a higher rate than the goods sold (the inverted-duty case), 90% of the refund claimed can now be paid provisionally, as it already was for exports. And the ₹1,000 minimum no longer applies to refunds on goods exported with tax paid.

What to do: If your credit keeps piling up, file the refund claim; do not let it sit in the ledger.

Source: Lakshmikumaran & Sridharan: CGST Act amendments effective from 1 November 2026 ↗
Income tax

Audited businesses: return due on 21 November

For assessment year 2026-27 the return date for businesses under tax audit moved from 31 October to 21 November 2026. Transfer-pricing cases keep 30 November. The tax audit report itself was due by 21 October.

What to do: Match the return with the audit report, Form 26AS and the AIS now, and leave a few days for the portal.

Source: CBDT Circular 07/2026 of 28 September 2026 (PDF) ↗
GST

GST collections for October: ₹2.31 lakh crore, up 22.9%

Gross GST for October 2026 was ₹2,31,290 crore against ₹1,88,125 crore a year earlier. Net of refunds it was ₹2,03,356 crore, up 25.6%. Tamil Nadu collected ₹11,661 crore, up 3%, slower than the country.

What to do: Nothing to file. Use it as a yardstick for your own sales growth.

Source: GST portal: GST revenue report for October 2026 (PDF) ↗

All updates, newest first →

Gifts to staff and customers: three GST and TDS points

  1. Goods given away as gifts do not earn input tax credit. If you claimed credit when you bought them, reverse it.
  2. Gifts to an employee worth up to ₹50,000 in a year are not treated as a supply, so no GST is due on them.
  3. Benefits given to a business contact (a dealer, an agent) above ₹20,000 in a year attract TDS. Keep a list of who received what.
Source: CGST Act, 2017: section 17(5)(h) and Schedule I, CBIC ↗

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*This month in tax: November 2026*

• 7 Nov: TDS/TCS for October
• 11 Nov: GSTR-1 (monthly)
• 13 Nov: IFF (QRMP, optional)
• 15 Nov: EPF and ESI
• 20 Nov: GSTR-3B (monthly)
• 21 Nov: Income-tax return, businesses under tax audit
• 25 Nov: PMT-06 (QRMP)
• 30 Nov: Last date to claim missed GST credit for FY 2025-26
• 30 Nov: Income-tax return, transfer-pricing cases

New from 1 Nov: discounts given after the sale can reduce GST with just a credit note, if the buyer reverses the credit.

MGT-7 is allowed till 31 Jan 2027; AOC-4 and CRA-4 till 31 Dec 2026, without extra fee.

Full list with sources: https://boovaraghavanandco.in/knowledge/this-month/
– Boovaraghavan & Co., Cost Accountants
Email

Subject: This month in tax: November 2026 due dates and changes 

Hello,

Here are the tax dates and changes for November 2026.

Due dates
- 7 November: TDS and TCS deducted or collected in October
- 11 November: GSTR-1 for October (monthly filers)
- 13 November: IFF for October (QRMP filers, optional)
- 15 November: EPF and ESI for October
- 20 November: GSTR-3B for October (monthly filers). No November GST date has been extended.
- 21 November: Income-tax return for businesses under tax audit (AY 2026-27)
- 25 November: PMT-06 for October (QRMP filers)
- 30 November: Last date to claim missed input tax credit for FY 2025-26
- 30 November: Income-tax return for transfer-pricing cases

Dates moved
- MGT-7 and MGT-7A: up to 31 January 2027 without extra fee
- AOC-4 and CRA-4: up to 31 December 2026 without extra fee

What changed
- From 1 November, a discount given after the sale can reduce the taxable value with a credit note, without a prior agreement, provided the buyer reverses the matching credit.
- Refunds of credit that piles up because inputs are taxed higher than sales can now be paid 90% provisionally.
- October GST collections were ₹2.31 lakh crore, up 22.9%.

The full list, with the official source for each item, is at https://boovaraghavanandco.in/knowledge/this-month/

Dates are extended by notification from time to time, so please confirm on the official portal before you file.

Boovaraghavan & Co., Cost Accountants
+91 70100 11800 · office@boovaraghavanandco.in

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