Under Section 16(4) of the CGST Act, November 30, 2026 is the final statutory deadline to claim missed FY 2025–26 Input Tax Credit (ITC), declare credit notes under Section 34(2), amend GSTR-1 invoice errors, and execute mandatory Rule 37A ITC reversals before filing Form GSTR-9 and GSTR-9C by December 31, 2026. Every year around late …
GST Council’s October 2026 Reforms: What Changes for Indian Businesses and What Doesn’t Yet The 56th GST Council meeting, in September 2025, was about rates. The 57th, held in New Delhi on 8 October 2026, was about something finance teams feel more often: how the tax is administered day to day. Registration, returns, refunds, notices, …
India is an attractive market for foreign companies looking to expand their operations. A foreign business can enter India through different structures, such as an Indian subsidiary, branch office or liaison office, depending on its business objectives and applicable regulations. However, setting up a business in India involves more than company registration. Foreign companies and …
Starting a business involves much more than developing a product or finding customers. As a startup grows, financial planning, cash flow, budgeting, taxation, compliance, and business decisions become increasingly important. This is where a Virtual CFO (Chief Financial Officer) can help. A Virtual CFO provides financial expertise and strategic guidance without the cost of hiring …
For decades, the global Indian entrepreneur operated under a straightforward, cross-border tax playbook. If you were an Indian citizen or a Person of Indian Origin (PIO) living abroad, you could fly into Mumbai, Delhi, or Bengaluru, spend a sizable chunk of the year managing your local ventures, catching up with family, attending board meetings, and …
There have been huge advancements in the regulatory environment of India. As a part of their effort towards liberalizing foreign investments, the Government of India has issued the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2026. For many years past, individual cross-border involvement in the rapidly growing stock markets in India was severely constrained, …
In case you are an Indian citizen having your old bank account abroad from when you were studying, or few shares of technology companies or ESOPs from an international company, chances are that you must have been under constant fear. With such strict tax laws prevailing in India, not declaring any of these assets may …
In India, personal finance and retail investments have experienced tremendous growth. Millions of taxpayers have transitioned from traditional fixed deposits to equity shares, exchange-traded funds (ETFs), and mutual funds. While building a robust investment portfolio is excellent for your long-term wealth, it introduces layered complexities when the tax season arrives. As we cross into the …
For decades, salaried professionals in India’s fast-growing economic centers faced a distinct tax disadvantage. Despite paying rents in Bengaluru, Pune, Hyderabad, or Ahmedabad that frequently matched or exceeded those in traditional metros like Mumbai or Delhi, their tax breaks were legally capped under a lower threshold. While a professional in Chennai could claim up to …
Consider having secured an enormous procurement contract either by a government ministry or one of the highly esteemed Public Sector Undertakings (PSUs). The first impulse is joy; however, as the joy wanes, one finds oneself in a state of fear. This fear is called the Working Capital Crunch. Over the years, there existed a bottleneck …