Verix Advisors Pvt Ltd

📢 Policy Watch – Government May Ease Tax Rules for Certain Foreign Investors

The Union Cabinet has reportedly backed a proposal to simplify tax rules for certain foreign investors in select securities.

📈 Potential benefits may include:
✅ Increased foreign investment inflows
✅ Improved investor confidence
✅ Positive sentiment for capital markets
✅ Support for the Indian economy and rupee

⚠️ Detailed provisions and official notifications are awaited. Stakeholders should monitor further developments closely.

📢 GSTN E-Way Bill Portal – Important Updates

GSTN has introduced key enhancements to the E-Way Bill system to improve data integrity, traceability and transaction management.

✅ Mandatory Ship-To GSTIN in Bill-To/Ship-To transactions
✅ New E-Way Bill closure facility
✅ API updates for ERP and system integrators
✅ Enhanced compliance and transaction tracking

⚠️ Stakeholders should review their ERP settings, update processes and complete system testing before the rollout date.

📅 Effective from: 15 June 2026

📢 GST Update – GST Appeals System Gets Structured

A major step towards a more efficient GST dispute resolution system!

✅ GSTAT has allocated benches, members and jurisdictions for GST appeal hearings across India.
✅ Major cities including Mumbai, Delhi, Ahmedabad, Chennai, Hyderabad and Pune are covered.
✅ Clear allocation of cases and hearing schedules will help streamline the appellate process.

⚖️ This move is expected to improve transparency, reduce delays and strengthen GST litigation management across the country.

📢 GST Update – HSN Changes on Beverages

Businesses dealing in beverages should take note of the revised HSN classifications notified under Notification No. 01/2026-IGST (Rate) dated 30 April 2026.

🥤 The changes impact various categories including:
✅ Non-alcoholic beverages
✅ Fruit-based drinks
✅ Aerated & flavoured drinks
✅ Ready-to-drink beverages

⚠️ Certain sweetened and aerated beverages may attract higher GST along with Compensation Cess. Review your product classification to ensure correct tax compliance.

📢 Director KYC Due Date Alert – FY 2025-26

All Directors and Designated Partners holding an active DIN are required to complete their DIR-3 KYC on or before 30th June 2026.

⚠️ Failure to complete KYC may result in:
✅ DIN being marked as Deactivated
✅ Late Fee of ₹5,000 per DIN
✅ Compliance-related difficulties

Don’t wait until the last minute. Ensure uninterrupted compliance and keep your DIN active.

📢 GST Compliance Alert!

Late filing of GSTR-1 and GSTR-3B can lead to hefty late fees, interest and penalties—even when there is no tax liability.

⚠️ Don’t wait for the due date.
✅ File returns on time.
✅ Avoid unnecessary penalties and notices.
✅ Maintain a healthy GST compliance record.

Timely compliance today can save significant costs tomorrow.

📢 10 Years of IBC – Transforming India’s Insolvency Framework

Over the last decade, the Insolvency and Bankruptcy Code (IBC) has strengthened India’s business ecosystem by enabling faster resolutions, business revival and improved economic confidence.

A stronger insolvency system contributes to a stronger economy and a more resilient India.

📢 Due Date Alert – Form 10BE

The due date for issuing Form 10BE for FY 2025-26 is 31st May 2026.

Form 10BE is the certificate issued to donors specifying the amount of donation eligible for deduction under the Income-tax Act.

✅ Ensure timely issuance to donors.
✅ Maintain proper donation records and compliance.

For professional tax and compliance support, connect with Verix Advisors Pvt Ltd.

📢 Due Date Alert – Form 10BD

The due date for filing Form 10BD (Statement of Donations Received) for FY 2025-26 is 31st May 2026.

Trusts and institutions registered under the relevant provisions of the Income-tax Act should ensure timely filing of donation details.

✅ Maintain accurate donor records.
✅ Ensure timely compliance and avoid penalties.

For professional tax and compliance support, connect with Verix Advisors Pvt Ltd.