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TaxCorp · Articles Monday, 24 August 2026

Expert writing across every domain, in one place

Analysis, opinions and practice notes on Income Tax, GST, Company Law, Customs, FEMA and the profession — published as they are approved by our editors.

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CA, CS, CMA Companies (Indian Accounting Standards) Amendment Rules, 2026: Practical Impact on ESG-linked Loans, FVOCI Disclosures, Renewable Power Contracts and Electronic Settlements

1. BackgroundThe Ministry of Corporate Affairs, after consultation with the National Financial Reporting Authority, has issued the Companies (Indian A...

CA, CS, CMA Global Financial Reporting Update: FASB, PCAOB and IFRS Foundation Announce Key Developments

This edition of the global financial reporting update covers three important international developments: the FASB’s proposal on cash equivalents and c...

GST Section 16(2)(c) and ITC under GST: From Bona Fide Buyer Protection to Mandatory Statutory Satisfaction

1. The central controversyInput Tax Credit, or ITC, is the backbone of GST. Yet, since the introduction of GST in 2017, one of the most contested ques...

GST Global Indirect Tax Update: VAT Relief on Medicines in the Philippines and Postal Import Reforms in Argentina

This edition of Global IDT Insights highlights two notable indirect tax developments: the Philippines has expanded and updated its list of VAT-exempt...

GST GSTAT on Stock Transfers: When No Tax Is Payable, Section 129 Penalty Cannot Be Computed

1. The controversy in briefThe e-way bill framework under Section 68 of the CGST Act, 2017 and Rule 138 of the CGST Rules, 2017 is intended to prevent...

GST Gujarat High Court on GST for Corporate Guarantees: Taxability Upheld, 1% Floor Read Down

The decision of the Gujarat High Court in Torrent Power Ltd. v. Union of India [2026] 189 taxmann.com 490 (Gujarat), decided on 14 August 2026 along w...


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