Tax Diva Consulting

Happy Akshay Tritiya ✨
Wishing you sustainable growth and lasting prosperity🪷

Union Budget 2026–27 | A Practical Summary for Businesses

We’ve put together a clear and concise Budget 2026–27 summary, focusing on points that may actually matter in day-to-day business decisions —
tax provisions, compliance aspects, and relevant sector highlights.

Sharing this as a quick reference for business owners and finance teams navigating the year ahead.

📌 Budget summary attached
📩 Happy to discuss applicability, if required

CharteredAccountant

💼 *Did you know your Head Office can legally share GST credit with branches?*

Many businesses lose eligible ITC simply because common service invoices stay at HO.

📌 That’s where Input Service Distributor (ISD) comes in.
✔️ Proper ITC distribution
✔️ Better cash flow
✔️ Fully GST-compliant (Rule 39 + GSTR-6)

If your business has multiple GST registrations, ISD is not optional—it’s strategic.

📞 Need help with ISD registration or monthly compliance?
Tax Diva Consulting LLP is here to assist.

This is a common discussion point with foreign founders and global CFOs exploring India entry. The presentation gives a high-level overview of incorporation and FDI-related compliances.
BusinessStructuring

Visit us at Stall G28 on 21 September from 10.00 am to 6.30 pm at Vishwakarma Baug, Vile Parle West

💰 𝗜𝘀 𝘆𝗼𝘂𝗿 𝗖𝗼𝗺𝗽𝗮𝗻𝘆’𝘀 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗥𝗲𝗳𝘂𝗻𝗱 𝘀𝘁𝘂𝗰𝗸 𝗳𝗼𝗿 𝗺𝗼𝗻𝘁𝗵𝘀... 𝗼𝗿 𝗲𝘃𝗲𝗻 𝘆𝗲𝗮𝗿𝘀?
Refund delays are not just an individual problem – 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝘀 𝗮𝗻𝗱 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 often face crores blocked in refunds, leading to severe 𝗰𝗮𝘀𝗵 𝗳𝗹𝗼𝘄 𝘀𝘁𝗿𝗲𝘀𝘀.
Common reasons:
🔹 TDS / Form 26AS / AIS mismatch
🔹 MAT credit not given
🔹 CPC automated adjustments u/s 143(1)
🔹 Refund adjustment against old or incorrect demand
🔹 Appeal-related refunds pending for years
At 𝗧𝗮𝘅 𝗗𝗶𝘃𝗮 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗟𝗟𝗣, we specialize in 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 & 𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹 𝗥𝗲𝗳𝘂𝗻𝗱 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴:
✅ Refund review & claim filing
✅ TDS, Form 26AS & AIS reconciliation
✅ MAT & AMT credit verification
✅ Rectification u/s 154 & handling of CPC notices
✅ Refund release in appeal cases
✅ Escalation with CPC, AO & higher authorities

👉 If your 𝗿𝗲𝗳𝘂𝗻𝗱 𝗶𝘀 𝗽𝗲𝗻𝗱𝗶𝗻𝗴, don’t let working capital stay blocked. Act strategically.

🚨 Are you leaving money on the table with GST Refunds?

Many businesses, especially hashtag , hashtag units and those under hashtag duty structure, have significant working capital blocked in hashtag .

👉 But here’s the reality I see in practice:
- Refund claims often get delayed because of mismatches between GSTR-1, GSTR-3B and 2B.
- Applications are rejected due to incomplete documentation.
- Businesses are unaware of time limits (2 years from relevant date) and lose their right to claim.

The result? 🚫 Hard-earned money stays stuck with the department.

✅ A well-prepared GST refund application can unlock this cash flow quickly.
✅ With the right strategy (whether to go via IGST route or LUT + ITC refund), businesses can optimise their refunds.
✅ Timely filing = interest benefit if the department delays beyond 60 days.

At Tax Diva Consulting LLP, we assist startups, exporters and corporates in:
- Identifying unclaimed refunds,
- Preparing robust documentation, and
- Representing refund cases before the authorities.

💡 Pro 𝐭𝐢𝐩: 𝐀𝐥ways 𝐫𝐞𝐜𝐨nci𝐥e yo𝐮𝐫 𝐫𝐞𝐭𝐮𝐫𝐧𝐬 𝐦𝐨𝐧𝐭𝐡𝐥𝐲. 𝐀 𝐬𝐦𝐚𝐥𝐥 𝐦𝐢𝐬𝐦𝐚𝐭𝐜𝐡 𝐭𝐨𝐝𝐚𝐲 𝐜𝐚𝐧 𝐛𝐞𝐜𝐨𝐦𝐞 𝐚 𝐛𝐢𝐠 𝐫𝐞𝐟𝐮𝐧𝐝 𝐛𝐥𝐨𝐜𝐤𝐚𝐠𝐞 𝐭𝐨𝐦𝐨𝐫𝐫𝐨𝐰.

Has your business claimed all the refunds it is eligible for? If not, it’s time to check.

🚀 𝗠𝗮𝗻𝘆 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗺𝗶𝘀𝘀 𝗼𝘂𝘁 𝗼𝗻 𝗚𝗦𝗧 𝗜𝗻𝗽𝘂𝘁 𝗧𝗮𝘅 𝗖𝗿𝗲𝗱𝗶𝘁 (𝗜𝗧𝗖) 𝘀𝗶𝗺𝗽𝗹𝘆 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘁𝗵𝗲𝘆 𝗱𝗼𝗻’𝘁 𝗿𝗲𝗰𝗼𝗻𝗰𝗶𝗹𝗲 𝘁𝗵𝗲𝗶𝗿 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀 𝗽𝗿𝗼𝗽𝗲𝗿𝗹𝘆!

I’ve seen businesses that 𝗱𝗼𝗻’𝘁 𝗺𝗮𝘁𝗰𝗵 the ITC reflecting in 𝗚𝗦𝗧𝗥-𝟮𝗕 (𝗽𝗼𝗿𝘁𝗮𝗹) with the input credit booked in their accounts. This small gap can lead to 𝗺𝗶𝘀𝘀𝗲𝗱 𝗜𝗧𝗖 𝗰𝗹𝗮𝗶𝗺𝘀 𝗮𝗻𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 𝘁𝗮𝘅 𝗼𝘂𝘁𝗳𝗹𝗼𝘄𝘀.

💡 A simple monthly reconciliation can help recover missed ITC and optimize cash flow. But while doing this, keep these key points in mind:

✅ 𝗡𝗼 𝗜𝗧𝗖 on personal expenses, motor vehicles, or non-business expenses.
✅ 𝗠𝗮𝗸𝗲 𝘁𝗶𝗺𝗲𝗹𝘆 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀—if not paid within 180 days, ITC gets reversed.
✅ 𝗥𝗖𝗠 𝗜𝗧𝗖 𝗶𝘀 𝗰𝗹𝗮𝗶𝗺𝗮𝗯𝗹𝗲! Ensure you report reverse charge taxes in GSTR-3B for eligibility.

💬 Are you reconciling your ITC regularly? Drop a comment if you need help! 👇

Are you a or looking for collateral-free loans to scale your ? The Credit Guarantee Fund Trust for Micro and Small Enterprises ( ) scheme is here to support your entrepreneurial journey!
✅ Collateral-free loans up to ₹10 crores for MSME
✅ Government-backed credit guarantee
✅ Empowering MSMEs and startups
✅ Easier access to working capital & expansion funds

This scheme is a game-changer for businesses struggling with funding challenges.

If you are a or , now is the time to leverage this opportunity!

💡 𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟱 𝗣𝗮𝗻𝗲𝗹 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻: 𝗦𝗵𝗮𝗶𝗹𝗲𝗻𝗱𝗿𝗮 𝗖𝗼𝗹𝗹𝗲𝗴𝗲 💡

What an exciting day it’s been! I had the privilege of joining an amazing panel to break down Budget 2025 and its impact across different sectors.

brought his sharp insights on changes in Direct Tax provisions.
CA Mrinal Mehta unpacked the GST implications with clarity and precision.
dived deep into what this budget means for the capital markets.
I had the chance to share my thoughts on how the budget affects startups and MSMEs.

One big highlight for me: Budget 2025 is expanding the MSME umbrella, giving more companies the chance to qualify and benefit. Plus, the boost to the CGTMSE scheme—increasing the limit from ₹5 crore to ₹10 crore—is a total game-changer for small businesses!

It was an absolute honor sharing the stage with Shardul Sir, a mentor to many like me, and learning alongside the super-talented CA Mrinal and CA Kaustubh.

Excited to discuss Budget 2025 with the students of Nirmala University today, alongwith . Looking forward to insightful conversations on how the budget impacts students and their future!

Tax Diva Consulting LLP