Monthly Tax Bulletin: June 2026
NewsletterThe 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.
For more updates follow Grant Thornton Bharat on WhatsApp
Navigating complexities, driving growth

In today’s complex and fast-paced business environment, the role of the CFO is more critical than ever. Tasked with shaping the financial future of the organisation, CFOs are strategic leaders who must balance compliance, operational efficiency, and long-term growth. Their influence extends well beyond financial management—it requires vision, precision, and decisive leadership.
At Grant Thornton Bharat, we understand these responsibilities and provide the clarity and expertise needed to act decisively.With the latest tools, deep analytical insights, and a forward-thinking approach, our services empower key decision-makers to create long-term value, streamline financial reporting, and optimise strategies.
Build robust Expected Credit Loss (ECL) models to enhance credit risk assessment, improve financial reporting accuracy and support compliance with evolving regulatory frameworks.
Prepare for public markets with end-to-end capital markets advisory covering IPO readiness, investor relations, governance frameworks and SEBI compliance to build investor confidence and long-term value.
Managing tax compliance in India is increasingly complex due to frequent regulatory changes, growing digitisation, and interlinked monitoring by tax authorities. For many businesses, maintaining a large in-house compliance team is neither efficient nor cost-effective. That’s where Grant Thornton Bharat’s managed tax compliance services come in.
Ind AS 118 introduces a structured approach to financial reporting. Assess the impact on performance measures, reporting frameworks, systems and governance.
Grant Thornton Bharat’s Global Compliance and Reporting Solutions support multinational organisations with centralised accounting, statutory reporting, tax and regulatory compliance, payroll processing and finance controls across multiple jurisdictions through an integrated, technology-enabled service delivery model.
Build robust Expected Credit Loss (ECL) models to enhance credit risk assessment, improve financial reporting accuracy and support compliance with evolving regulatory frameworks.
Ind AS 118 introduces a structured approach to financial reporting. Assess the impact on performance measures, reporting frameworks, systems and governance.
Prepare for public markets with end-to-end capital markets advisory covering IPO readiness, investor relations, governance frameworks and SEBI compliance to build investor confidence and long-term value.
Grant Thornton Bharat’s Global Compliance and Reporting Solutions support multinational organisations with centralised accounting, statutory reporting, tax and regulatory compliance, payroll processing and finance controls across multiple jurisdictions through an integrated, technology-enabled service delivery model.
Managing tax compliance in India is increasingly complex due to frequent regulatory changes, growing digitisation, and interlinked monitoring by tax authorities. For many businesses, maintaining a large in-house compliance team is neither efficient nor cost-effective. That’s where Grant Thornton Bharat’s managed tax compliance services come in.

Take our survey to share your views on priorities, risks and investments shaping finance leadership in India.
A CFO’s responsibilities can broadly be categorised into four interconnected areas. While priorities shift based on immediate needs – for instance, prioritising risk management during a crisis – maintaining a strategic balance across all four is critical for both meeting short-term demands and ensuring long-term success.
Helping to generate value for the organisation through the delivery of insights, involvement in strategic decisions, and leadership of change initiatives.
Identifying and balancing the needs of relevant stakeholders and customers of finance, including those inside and outside the finance function.
Completing core finance function tasks such as transaction processing, ledger maintenance, and statutory reporting.
Ensuring appropriate controls, processes, and governance are effective to identify and mitigate risks faced by the organisation and discharge relevant compliance responsibilities.
At Grant Thornton Bharat, we don’t just provide solutions—we partner with you, tackling challenges head-on and designing innovative strategies tailored to your unique needs. With a balance of scale, expertise, and personalised service, we deliver impactful results that drive financial excellence.
Our comprehensive solutions support CFOs across multiple domains, including:
Our finance solution delivers expertise across finance, accounting, and compliance to support business growth and regulatory adherence.
Our tax compliance and advisory solution ensures businesses meet all tax obligations while optimising their tax position.
Our governance, risk, & regulatory compliance solution enables organisations to strengthen governance frameworks, manage risks, and ensure regulatory compliance.
Our deals advisory solution guides clients through complex transactions, valuations, and post-deal integration for optimal outcomes.
Our finance transformation solution helps build future-ready finance organisations through process redesign, technology adoption and strategic insights.
Our strategic initiatives solution drives business transformation, cost optimisation and sustainable growth.
Aligned to your specific challenges.
From compliance to future-ready finance transformation.
That maximise value and efficiency.
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 United States’ tariff strategy is undergoing a significant legal, economic and geopolitical transition. Recent court rulings striking down sweeping emergency-based tariff measures initially suggested that Washington’s aggressive protectionism might be losing momentum. Yet the broader direction of US trade policy remains unmistakably protectionist. What is changing is not the objective, but the method.
Most accounting standards change processes. Some change disclosures. A few quietly change the conversation. I believe Ind AS 118 belongs in the third category.

A practical Fast Close framework to streamline and standardise reporting, shorten close timelines, and improve accuracy and governance.

From conducting a comprehensive review of RPTs to documentation and related approval processes, we offer bespoke solutions to help you navigate RPT governance.