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TaxCorp · Articles Friday, 31 July 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 Global Audit Developments: IAASB’s LCE Audit Standard Update and FRC’s 2026 Reviews

This week’s international audit and financial reporting developments focus on three key regulatory updates: proposed changes to the global audit stand...

CA, CS, CMA Can an Auditor Treat AI Output as Audit Evidence? A Reworked Perspective on NFRA’s Technology Principles

1. The changing audit environmentAudit methodology has moved far beyond traditional sampling and manual verification. What earlier started with Comput...

CA, CS, CMA First-time Adoption of Ind AS: Moving Joint Ventures from Proportionate Consolidation to the Equity Method

1. Context: Why this transition mattersA recurring issue for Indian companies adopting Ind AS for the first time is the treatment of joint ventures in...

GST Section 74 Cannot Be Built on Supplier Doubt Unless Purchaser Fraud Is Shown

The decision in Additional Commissioner, Grade 2 and Another v. M/s Safecon Lifesciences Private Limited, (2026) TaxCorp(GST) 70124 (SC), though conta...

GST DGGI Adjudication and GSTAT Appeals: CBIC’s Emerging Shift from CAA-Centric Control to Taxpayer-Based Jurisdiction

1. Why Circular No. 256/02/2026-GST matters beyond procedureCircular No. 256/02/2026-GST dated 25.07.2026 has been issued by the CBIC to prescribe the...

GST Inverted Duty Refund: Same Rate on Main Input and Output Is Not a Ground to Reject Section 54(3) Claim

Madras High Court Re-centres the Refund Test on the StatuteThe decision of the Madras High Court in M/s Vindhya Spinning Mills Private Limited v. The...


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