P Mehta & Jain - CA Firm

𝐁𝐮𝐝𝐠𝐞𝐭 𝟐𝟎𝟐𝟔 𝐃𝐢𝐫𝐞𝐜𝐭 𝐓𝐚𝐱 𝐂𝐡𝐚𝐧𝐠𝐞𝐬

https://www.capmj.com/Whatsnew.aspx?id=12305

𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐏𝐫𝐢𝐜𝐢𝐧𝐠: 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐖𝐨𝐫𝐤𝐟𝐥𝐨𝐰 𝐟𝐨𝐫 𝐏𝐫𝐞𝐩𝐚𝐫𝐢𝐧𝐠 𝐚 𝐓𝐏 𝐒𝐭𝐮𝐝𝐲 𝐑𝐞𝐩𝐨𝐫𝐭

In continuation of our previous post, where we discussed Transfer Pricing concepts, we are now sharing a practical, easy-to-follow guide on the actual steps involved in preparing a TP Study Report 📘🔍

👉 Attached is the step-by-step practical guide

Link -https://www.capmj.com/Image/Practical-Steps-for-TP-Study-Report.pdf

🌍 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 (𝐓𝐏)- 𝐀 𝐂𝐨𝐫𝐞 𝐏𝐢𝐥𝐥𝐚𝐫 𝐨𝐟 𝐂𝐫𝐨𝐬𝐬-𝐁𝐨𝐫𝐝𝐞𝐫 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 💼

In today’s globalised business environment, Transfer Pricing (TP) ensures that transactions between associated enterprises across countries are conducted at Arm’s Length Price — just as they would be between independent parties.

A robust Transfer Pricing Study in India should follow a clear, compliant process under:

✅ Income-tax Act & Rules
✅ ICAI Guidance Note on TP
✅ OECD Guidelines

The key steps generally include:
🔹 Functional, Asset & Risk (FAR) Analysis
🔹 Search & Selection of Comparable Companies
🔹 Benchmarking and Arm’s Length Margin Computation
🔹 Comprehensive Documentation supporting the TP positions

Such a structured approach not only ensures regulatory compliance, but also promotes transparency, accurate profit allocation, and helps reduce future tax disputes.

𝐌𝐑𝐏 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫 𝐟𝐨𝐫 𝐆𝐒𝐓 𝐑𝐚𝐭𝐞 𝐂𝐡𝐚𝐧𝐠𝐞𝐬

https://capmj.com/resources/Calculators/Gst_mrp_calculator/Gst_mrp_calculator.aspx

1. Search for the relevant product
2. View the old and new GST rates
3. Input the Old MRP to instantly get the New MRP after rate revision
4. Check the direct savings and ensure accurate benefit transfer

🚨 𝐂𝐨𝐧𝐟𝐮𝐬𝐞𝐝 𝐚𝐛𝐨𝐮𝐭 𝐰𝐡𝐢𝐜𝐡 𝐫𝐚𝐭𝐞 𝐚𝐩𝐩𝐥𝐢𝐞𝐬?🚨

When invoice date, payment date, and supply date differ, the applicable GST rate will depend on the time of supply provisions.

Just use this link 👇 to instantly check the correct GST rate to be charged. ✅

👉 https://capmj.com/resources/Calculators/Gst_rate_calculator/Gst_rate_calculator.aspx

Big decisions from the GST Council meeting on 03rd September 2025 🚨
(Rate rationalization aside – here are the top 3!)

⚠️ Please note: Final implementation will require official notifications !

1️⃣ 𝐈𝐧𝐭𝐞𝐫𝐦𝐞𝐝𝐢𝐚𝐫𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 🌏
The Council has recommended removing clause (b) of section 13(8) from the IGST Act, 2017. Now, the place of supply for intermediary services will be the location of the service recipient (as per section 13(2)), helping Indian exporters claim export benefits more easily!
👉 Wait for official notification before acting.

2️⃣ 𝐆𝐒𝐓 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 📝
A new simplified registration scheme for small and low-risk businesses is on the way! Eligible applicants (output tax liability below ₹2.5 lakh/month) will get automated GST registration within 3 working days. About 96% of new applicants are expected to benefit. Voluntary entry & withdrawal allowed. Roll-out from 1st November 2025 (post notification)!

3️⃣ 𝐑𝐢𝐬𝐤-𝐁𝐚𝐬𝐞𝐝 𝐑𝐞𝐟𝐮𝐧𝐝𝐬 𝐟𝐨𝐫 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫𝐬 💸
Exporters and SEZ suppliers will soon get 90% of claimed GST refunds provisionally (subject to system-based evaluation), speeding up cash flow and reducing hassle. Also applies to inverted duty structure refunds, with official operationalization slated from 1st November 2025.
👉 Details to follow via notification – ensure compliance accordingly!

🔔 These updates promise easier compliance, faster refunds, and a boost for India’s exporters & startups.

𝐆𝐒𝐓 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐨𝐧 𝟎𝟑𝐫𝐝 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫, 𝟐𝟎𝟐𝟓

All this will be effective September 22, first day of Navratri

𝑹𝒔.500 𝒏𝒐𝒕𝒆𝒔 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒈𝒐𝒊𝒏𝒈 𝒕𝒐 𝒃𝒆 𝒔𝒕𝒐𝒑 !, 𝒓𝒆𝒂𝒅 𝒃𝒆𝒍𝒐𝒘 𝒄𝒍𝒂𝒓𝒊𝒇𝒊𝒄𝒂𝒕𝒊𝒐𝒏

https://x.com/PIBFactCheck/status/1944046963114090533?t=tJTvlOpMiiMMmu0qyKx7gA&s=08

𝐊𝐢𝐧𝐝 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐓𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬!

𝐂𝐁𝐃𝐓 𝐡𝐚𝐬 𝐝𝐞𝐜𝐢𝐝𝐞𝐝 𝐭𝐨 𝐞𝐱𝐭𝐞𝐧𝐝 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐨𝐟 𝐈𝐓𝐑𝐬,(𝐅𝐘 𝟐𝟎𝟐𝟒-𝟐𝟓) 𝐰𝐡𝐢𝐜𝐡 𝐚𝐫𝐞 𝐝𝐮𝐞 𝐟𝐨𝐫 𝐟𝐢𝐥𝐢𝐧𝐠 𝐛𝐲 𝟑𝟏𝐬𝐭 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟓, 𝐭𝐨 𝟏𝟓𝐭𝐡 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟓

𝐓𝐃𝐒 / 𝐓𝐂𝐒 𝐫𝐚𝐭𝐞𝐬 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐛𝐥𝐞 𝐟𝐨𝐫 𝐅𝐘 𝟐𝟎𝟐𝟓-𝟐𝟔

https://capmj.com/resources/Utilities/Rates_of_TDS/Rates_of_TDS.aspx

𝐂𝐨𝐦𝐦𝐨𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐒𝐭𝐞𝐩 𝐛𝐲 𝐒𝐭𝐞𝐩 𝐏𝐫𝐨𝐜𝐞𝐬𝐬

https://www.capmj.com/image/Common-Legal-Entities-in-India-and-Step-by-Step-Process.pdf

𝐓𝐨 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐟𝐨𝐫 𝐅𝐘 𝟐𝟎𝟐𝟒-𝟐𝟓, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐛𝐞𝐥𝐨𝐰 𝐥𝐢𝐧𝐤 !

https://www.capmj.com/resources/Calculators/Tax_Calculator/cal_Income_Tax.aspx #