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The tax and regulatory environment continues to evolve rapidly, with significant developments on both federal and state fronts.

The August 2026 edition of the Grant Thornton Bharat Monthly Tax Bulletin provides a concise summary of key developments in direct taxes, FEMA, transfer pricing, and indirect taxes for July 2026.

Appeals under GST carry a statutory cost of entry. A taxpayer challenging an adverse order must first make the prescribed pre-deposit; once this condition is met, recovery of the balance demand is ordinarily deemed to be stayed until disposal of the appeal.

The GST credit mechanism rests on the premise that tax paid at the preceding stage should ordinarily flow as input tax credit, leaving businesses liable to tax only on their value addition.

Judicial rulings, regulatory clarifications, and policy updates continue to shape indirect tax decision-making.

India’s IPO market was active in FY26, supported by strong domestic participation, but IPO readiness became more important than ever. Investors were not simply backing market momentum.

As GST enters its tenth year, the anticipated 57th GST Council meeting assumes significance far beyond another round of tax rate changes or procedural amendments.

The tax and regulatory environment continues to evolve rapidly, with significant developments on both federal and state fronts. To keep you ahead of these developments, we present the July 2026 edition of the Grant Thornton Bharat Monthly US Tax Bulletin.

The July 2026 edition of the Grant Thornton Bharat Monthly Tax Bulletin provides a concise summary of key developments in direct taxes, FEMA, transfer pricing, and indirect taxes for June 2026.

We are pleased to present the July 2026 edition of The Tax Controversy Chronicle - Grant Thornton Bharat’s quarterly publication that spotlights key judicial developments across direct tax, indirect tax, FEMA, and transfer pricing.

The July 2026 edition of the GST Compendium discusses important updates under the GST, Customs, FTP, FTA and SEZ framework, along with significant judicial pronouncements, advance rulings and key policy developments.

Nine years ago, GST replaced a fragmented web of excise duty, VAT, service tax and local levies with a single promise of ‘one nation, one tax’. By 2026, GST has evolved into a critical pillar of India's formal economy, creating a digital trail of transactions across sectors and supply chains while providing policymakers with an increasingly sophisticated and near real-time understanding of economic activity.

The June 2026 edition of the Grant Thornton Bharat Monthly US Tax Bulletin provides a concise summary of recent key developments in federal and state taxes in the US.

Equity-based compensation has become a cornerstone of modern remuneration strategies, particularly in knowledge-driven and high-growth sectors.

The June 2026 edition of the Grant Thornton Bharat Monthly Tax Bulletin provides a concise summary of key developments in direct taxes, FEMA, transfer pricing, and indirect taxes for May 2026.

The June 2026 edition of our GST Compendium analyses key judicial pronouncements, advance rulings, customs updates, GSTN enhancements, and direct tax developments influencing compliance obligations and tax positions.