Monthly US Tax Bulletin - August 2026
NewsletterThe tax and regulatory environment continues to evolve rapidly, with significant developments on both federal and state fronts.
Advisory services
- Evaluate tax implications on existing or proposed business transactions
- Review contracts and agreements in order to identify the GST impact, from the perspective of Procurement, Manufacturing and Distribution
- Assistance in identifying optimal valuation model for related party transactions under GST, while aligning the same with the model adopted under transfer pricing provisions
- Evaluate the legal positions adopted and suggest changes, if any, under the GST regime
- Assistance to comply with the provisions of anti-profiteering rules under GST
- Advice on matters pertaining to import and export of goods into/from India under the Customs Act, 1962
- Assistance in Customs Valuation-related matters with regards to import from related parties
- Advice on various incentive schemes pertaining to duty-free import/export of goods or services under the Foreign Trade Policy GST Advisory Services (GST)
RBI replaces SOFTEX with unified EDF effective 1 October
We can help exporters evaluate regulatory implications, strengthen compliance processes and prepare for a seamless transition to the EDF framework.
Compliance services
Assistance in obtaining registrations under GST or other statutory legislations as required
Verification of input tax credit records and identification of ineligible credits
Review of periodic computation of tax liabilities
Assistance in preparing and filing periodic return(s)
Provide GSP/ASP solutions for seamless execution of monthly compliances
File requisite statutory applications with various authorities
Assistance in drafting responses to notices, enquiries and such other communication received from revenue/assessing authorities
Assistance in preparation and filing of appeals against orders received from appellate authorities
Representation before the appropriate authorities and engaging external legal counsel, if required
Filing advance ruling applications with the authorities in order to seek clarification on ambiguous matters
Other indirect tax services
1.
Conduct due diligence reviews from indirect tax perspective
2.
Conduct health-check reviews and ensure that tax compliances are adhered to
3.
Provide technical assistance and representation services during departmental audits
4.
Assistance in preparation and filing of representations before Advance
5.
Ruling authorities and other tax or government authorities
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Conduct management/personnel training for clear understanding of relevant GST provisions
Webinar recording
56th GST Council meeting: Decoding the Fine Print & Impact on Industry
We hosted a webinar on the '56th GST Council meeting: Decoding the fine print & impact on industry', marking a shift to GST 2.0—a simpler, more predictable, growth-focused tax system. Experts discussed macro reforms and sectoral implications for pharma & healthcare, FMCG, automobiles, real estate, and technology, alongside transitional challenges in pricing, contracts, and supply chains.
Our insights
Monthly Tax Bulletin: August 2026
NewsletterThe 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.
The Cost of Appellate Access: Pre-deposit in Penalty-only GST Appeals
ArticleAppeals 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.
Our resources
GST landscape reset for online gaming companies
A practical analysis of the Supreme Court's verdict on online stake-based gaming and the emerging GST disputes around valuation, recovery, and compliance
Helping you navigate RoDTEP Compliances
RoDTEP is launched by the government to replace the existing Merchandise Exports from India Scheme (MEIS) scheme for exports of goods from India.
Service Offerings
A walk-through of the SEZ models in India
Insights on challenges, emerging trends and various compliance requirements of the SEZ regime
Service flyer
Online Information and Database Access or Retrieval services
Updates to the taxation of OIDAR services
Flyer
Fiscal incentives under Invest Punjab
Punjab Industrial and Business Development Policy 2022
Flyer
Software Technology Parks of India (STPI)
Contribution of the STPI scheme to the success of the IT/ITeS industry
Flyer
Tax and ESG
Revolutionary shift in tax transparency environment
Flyer
Decoding indirect tax aspects in the pharmaceutical industry
Understanding the indirect tax landscape in the pharmaceutical industry