What SMEs Need to Know About 2026 GST Updates
The GST Council has introduced significant changes effective April 2026 that impact small and medium enterprises across India. Here's what business owners must prepare for:
Key Changes Effective 2026:
- QRMP Scheme Expanded: Quarterly filing now available for businesses up to ₹5 Cr turnover
- e-Invoicing Mandatory: Required for all businesses above ₹2 Cr turnover
- New ITC Rules: 180-day payment deadline for suppliers to claim Input Tax Credit
- Simplified Returns: GSTR-3B consolidated with auto-populated GSTR-2B
Action Steps for BCS Clients:
- Upgrade to e-invoicing compliant software (Tally Prime, Zoho Books)
- Review supplier payment terms (impact on ITC claims)
- Opt into QRMP scheme if eligible (saves 33% compliance time)
"BCS has helped 15+ Delhi SMEs transition to QRMP scheme, saving ₹2-3 lakh annually in compliance costs."
Need GST compliance support? Contact BCS for free assessment.