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Tax Advisory Global Our Firm is providing services in relation to Income tax, Sales tax, Service tax, Company formation

GST, Taxation, Auditing, Accounting, Company Formation, ROC Compliances, TDS Matters.

13/10/2026

UAE VAT Tip: As of 1 October 2026, the Federal Tax Authority (FTA) requires businesses to go beyond simply holding a valid tax invoice to recover Input VAT (the VAT paid on purchases that you can claim back). Under FTA Decision No. 13 of 2026, you must now verify your supplier's identity, legal existence and business location, and keep that documentation on file. If your annual spend with a single supplier exceeds AED 375,000, enhanced checks apply too, including bank account confirmation and a reputation review, refreshed at least every 12 months. Worth reviewing your supplier onboarding files now, before this comes up in an audit.

12/10/2026

GST Update: If your business turnover ever crossed ₹5 crore in any year since 2017-18, e-invoicing becomes mandatory for your B2B, export and SEZ sales — and that requirement stays permanent, even if turnover dips later. Before claiming Input Tax Credit (ITC, the tax you've already paid on purchases) in GSTR-3B, always reconcile it against GSTR-2B, your auto-generated credit statement — and if you've accepted or rejected any invoice on the Invoice Management System (IMS) after the 14th of the month, recompute GSTR-2B first so your figures match. A five-minute reconciliation check now can save you a compliance notice later.

09/10/2026

Quick compliance reminder for our GST-registered clients on the QRMP scheme (Quarterly Return, Monthly Payment): the GSTR-3B summary return for the July-September 2026 quarter is due by 22 October for Category 1 states (mainly southern and western India) and 24 October for Category 2 states (mainly northern and eastern India). Missing this date brings late fees and interest, so it is worth reconciling your books now rather than rushing in the final days. Not sure which deadline applies to your state, or need a hand filing? Reach out to our team.

08/10/2026

A case from our practice this week: a trading client's GST Input Tax Credit (ITC) claims weren't fully matching GSTR-2B, the government's auto-generated credit statement. Reconciling the purchase register against it showed the gap was due to a few vendors who hadn't yet filed their own returns, so the credit simply hadn't appeared on the portal yet. We held back that portion of the claim, followed up with the vendors, and kept the client's filing accurate instead of risking a mismatch notice later. The takeaway for any business: reconcile your purchase records against GSTR-2B every month, not just at year-end.

07/10/2026

NRIs selling property in India: under Section 195 of the Income Tax Act, the buyer must deduct TDS (Tax Deducted at Source) on the sale - typically 12.5% on long-term capital gains plus surcharge and cess - unless you secure a lower/nil deduction certificate (Form 13) in advance based on your actual gain. Separately, if you're claiming DTAA (Double Taxation Avoidance Agreement) relief to avoid being taxed twice on the same income, you'll need a valid Tax Residency Certificate from your country of residence along with Form 10F filed on the income tax portal. Planning these steps before a sale or before year-end filing can help avoid unnecessary cash-flow strain and notices.

06/10/2026

A quick VAT update for UAE businesses: starting 1 October 2026, the Federal Tax Authority's (FTA) Decision No. 13 of 2026 requires you to verify suppliers and transactions before recovering input VAT (Value Added Tax) - including checking a supplier's bank details and reputation once annual dealings cross AED 375,000. If a supply is later tied to tax evasion and you reasonably should have known, the FTA can deny the input tax claim entirely, so it's worth documenting your supplier due-diligence process now.

05/10/2026

A quick GST note for growing businesses: once your turnover crosses ₹5 crore in any financial year since 2017-18, e-invoicing (raising invoices through the government's official Invoice Registration Portal) becomes mandatory for B2B and export sales, and that requirement stays in place even if turnover later dips below ₹5 crore. If you're approaching this mark, it's worth reviewing your invoicing software now rather than scrambling later. And if your turnover is already above ₹10 crore, remember invoices reported more than 30 days late can't be used to claim input tax credit (ITC) - the credit you get back for GST already paid on business purchases.

02/10/2026

Compliance reminder: businesses registered under India's Goods and Services Tax (GST) must file GSTR-3B — the monthly summary return reporting tax liability and input tax credit — for September 2026 by 20 October 2026. Missing this date brings late fees and interest, and can throw off your GSTR-2B reconciliation for the next filing cycle too. If your books aren't reconciled yet, this is the week to close that gap rather than rush the filing.

01/10/2026

Case Study: A UAE-based trading client came to us after the Federal Tax Authority (FTA) disallowed part of their input VAT during an audit, because several supplier invoices were missing valid Tax Registration Numbers (TRN). We helped the client file a Voluntary Disclosure Form (VDF) to correct the return proactively, which is treated far more favourably than waiting for a formal assessment. The takeaway for any VAT-registered business: verify your suppliers' TRNs before claiming input tax, and disclose errors as soon as you spot them.

30/09/2026

NRI Tax Planning: Since April 1, 2026, the rules for RNOR status (Resident but Not Ordinarily Resident — a middle category between resident and NRI where only India-sourced income is taxed) have changed. If you earn ₹15 lakh or more from Indian sources, you now qualify as RNOR by spending 120 days or more in India in a financial year (up from the earlier 60-day rule), provided you've stayed in India 365+ days over the previous four years. If you're an NRI planning visits home, it's worth tracking your day-count in India each year, since crossing this threshold changes how your global income is taxed.

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