Daily Intelligence Capsule — 15 October 2026

Latest EditionLatest Edition — Thursday, 15 October 2026

Lead Briefing

Input Service Distributor (ISD) Under GST — Registration, ITC Distribution and GSTR-6

A Knowledge/Explainer on the ISD mechanism under GST, timed to annual-return reconciliation season.

India's Wholesale Inflation Jumps to 11.39% in September

a Fuel-Led Spike the Street Is Reading Very Differently From Retail Prices

WPI rose to 11.39% in September 2026 from 9.92% in August, led by a 25.85% jump in Fuel and Power -- nearly double the pace of September's retail CPI of 5.54%.

Read: a Fuel-Led Spike the Street Is Reading Very Differently From Retail Prices

GSTR-9 and GSTR-9C Annual Return Filing for FY 2025-26 Is Now Live

Due 31 December, With a Portal Glitch CAs Should Know About

GSTR-9/GSTR-9C for FY 2025-26 is now open on the GST portal, due 31 December 2026, with a separate 30 November ITC cut-off and a reported (unconfirmed) portal glitch.

Read: Due 31 December, With a Portal Glitch CAs Should Know About

ITAT Guwahati Quashes a ₹5.68 Crore Cash-Transaction Penalty

Not on the Facts, But Because the Department Was Six Months Too Late

ITAT Guwahati quashed a ₹5.68 crore Section 271DA cash-penalty order as time-barred under Section 275(1)(c), without reaching the merits of the underlying cash receipts.

Read: Not on the Facts, But Because the Department Was Six Months Too Late