Monthly US Tax Bulletin - May 2026
NewsletterThe May 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.
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Grant Thornton Bharat offers expert guidance & solutions for SEZs & STPIs in India, maximizing value, compliance, & growth. Get tailored support now.
Hire the best team for all your GST advisory services related needs like GST registrations, assistance on GST compliances, transition management, etc
Grant Thornton Bharat offers expert guidance & solutions for SEZs & STPIs in India, maximizing value, compliance, & growth. Get tailored support now.
Hire the best team for all your GST advisory services related needs like GST registrations, assistance on GST compliances, transition management, etc
Conduct due diligence reviews from indirect tax perspective
Conduct health-check reviews and ensure that tax compliances are adhered to
Provide technical assistance and representation services during departmental audits
Assistance in preparation and filing of representations before Advance
Ruling authorities and other tax or government authorities
Conduct management/personnel training for clear understanding of relevant GST provisions

Our team of experts can assess tariff impacts, realign supply chains, and help you navigate trade risks with strategic, regulatory, and market entry support.
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.
The May 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.
The May 2026 edition of our GST Compendium analyses key judicial pronouncements, GSTN advisories, customs and FTP updates, and system-driven compliance measures influencing business operations and tax positions.
Explore how Budget 2026’s GST amendment on trade discounts could reshape tax treatment, compliance and commercial practices for businesses in India.

RoDTEP is launched by the government to replace the existing Merchandise Exports from India Scheme (MEIS) scheme for exports of goods from India.

Insights on challenges, emerging trends and various compliance requirements of the SEZ regime

Updates to the taxation of OIDAR services

Punjab Industrial and Business Development Policy 2022

Contribution of the STPI scheme to the success of the IT/ITeS industry

Revolutionary shift in tax transparency environment

Understanding the indirect tax landscape in the pharmaceutical industry