The Aypa blog

Tax, books and business, in plain words.

Notes from our accountants on GST, income tax, TDS, payroll and running a business in India: what changed, what it means for you and what to do next.

AppealsCircularsGST

GST notices, hearings and appeals: what Circulars 258 and 259 of October 2026 change

On 26 October 2026 the CBIC told its officers, stage by stage, what a show cause notice must contain, how hearings run and what a valid order looks like, and settled how the appeal pre-deposit is worked out and refunded. Here is each stage, with a flow chart and a worked pre-deposit example.

8 Nov 2026·5 min read

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GSTGST appeal

Drafting a GST appeal: limitation, pre-deposit and filing

A practical walk-through of the GST first appeal under Section 107: the three-month limit and the one-month extension, the 10 per cent pre-deposit and its caps, what the grounds memorandum should contain, and how to file and keep proof. It also covers when a writ petition is still open, now that the GST Appellate Tribunal is working.

8 Nov 2026·17 min read

BuybackCapital gains

A buyback at face value, ₹277 crore of 'gains': the ITAT's ruling in Perfetti Van Melle

An Indian company bought back shares from its Dutch parent at ₹10 each, the price the parent paid. The tax officer said the shares were worth ₹298.30 and taxed ₹277 crore as capital gains. The Delhi Tribunal deleted the addition. Here is the story, the stages of the case and what it means for group buybacks.

6 Nov 2026·7 min read

Case lawIncome tax

Bagasse, a Ghana subsidiary and cane harvesting: what the Karnataka High Court held in NSL Sugars

A sugar company priced its own bagasse at ₹1,500 a tonne, wrote off money spent on a failed overseas subsidiary, and paid harvesters without deducting TDS. The Karnataka High Court sided with the company on the first two and sent the third back for facts. Here is the story, the stages of the case and what it means for your business.

6 Nov 2026·9 min read

Credit notesDiscounts

Post-sale discounts under GST from 1 November 2026: no prior agreement, just a credit note

From 1 November 2026, a discount given after the sale reduces GST if the supplier issues a credit note and the buyer reverses the matching input tax credit. The old rule that the discount had to be agreed before the sale and tied to each invoice is gone. Here is what changed, how it works with examples, and what to do.

6 Nov 2026·6 min read

Income taxInternational tax

Paying a foreign vendor: TRC, no-PE declarations, gross-up and TDS under the Income-tax Act, 2025

A foreign vendor sends a tax residency certificate, a no-PE declaration and an invoice 'net of Indian taxes'. The file looks complete, but the documents only support a tax view; they don't decide it. Here is the order in which to work it out, a gross-up example in rupees, and the forms to file.

6 Nov 2026·8 min read

CircularsGST

Three ITC disputes settled: the October 2026 GST circulars on ISD, banks' 50% option and demo vehicles

On 26 October 2026 the CBIC issued circulars that settle long-running input tax credit disputes: who checks eligibility and who reverses when credit flows through an Input Service Distributor, how a bank's GSTINs use the 50% option, and whether car dealers on the agency model can claim credit on demo vehicles. Here is each answer with a worked example.

6 Nov 2026·7 min read

EsopIncome tax

Working across borders: residency, salary, ESOPs and social security under the Income-tax Act, 2025

An employee moves abroad on deputation, comes back, exercises ESOPs and draws a foreign pension. Which country taxes what, and how is double tax avoided? Here is the order in which to work it out, with examples in rupees and the cases that guide each step.

5 Nov 2026·7 min read

ComplianceExport of services

FEMA export and import rules: what changes from 1 October 2026

The second amendment to the FEMA (Export and Import of Goods and Services) Regulations, 2026 adds a definition of resident individual and eases how service exporters are deemed to submit the EDF. It also limits when an Authorised Dealer must enter import of services details in IDPMS, using a ₹10 lakh threshold for non-resident individuals.

4 Nov 2026·3 min read·1

ComplianceGST

GST changes notified after the 57th Council meeting

The 57th GST Council's recommendations have been notified, mostly as procedural changes covering refunds, registration, returns, ITC and adjudication. Several changes take effect from 1 November 2026, with others from 1 December 2026 and 1 April 2027.

4 Nov 2026·7 min read

ComplianceGST

GST changes from 1 November 2026: ITC and reverse charge

The Central Government has issued GST notifications dated 27 October 2026 that change rates, input tax credit conditions and reverse charge rules, effective from 1 November 2026. Businesses in hotels, restaurants, catering, EV transport and rental, delivery and concession-based road operations should review the revised provisions before the effective date.

30 Oct 2026·4 min read