Corporate Law & Tax Weekly

Form GST REG‑01, the application every new GST registration starts with, has been revised from 1 November 2026. A One Person Company now gets its own category, an SEZ Entity ID and a Section 9(5) e-commerce section have been added, up to ten bank accounts can be reported, and identity details are validated online before the application reference number is generated — errors surface at the form itself, not weeks later in a notice.

Amendments get stricter. Where a REG‑14 amendment changes a promoter or an authorised signatory, the authorised signatory and one promoter must now complete OTP verification before the ARN is generated.

If that verification is not completed within three days, the amendment lapses and must be started again — a small window that proprietors and company secretaries will need to plan around, because the two people who must act are rarely in the same room.

The net also widens. Dealers in used cooking oil, plastic, tyre and e-waste scrap must now take TDS registration in Form GST REG‑07, choosing the ‘Others’ category and typing in their line of trade — a sector the department plainly wants inside the deduction trail.