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N R B A & Co LLP 🌍 N R B A & Co LLP | Chartered Accountants
Experts in UK🇬🇧, US🇺🇸 & India🇮🇳 Tax, Audit & Outsourced Accounting.

Helping CA, CPA & SMEs with reliable, tech-driven compliance solutions.
🌐 www.nrbacollp.com
| ✉️ [email protected] 👨‍💼 N R B A & Co LLP | Chartered Accountants
🌍 Global Outsourcing Experts in Accounting, Taxation & Audit
(India • UK • USA)

💼 We deliver reliable & tech-driven Accounting, Audit, and Tax Compliance support to CA, CPA, and SME clients worldwide. From UK & US tax returns to Indian audits — we simplify compliance so you can focus on growth.

🧾 Our Expertise
• UK Tax – SA100, CT600, SA800, SA900
• US Tax – 1120, 1120S, 1065
• India – GST, Income Tax, Audit, ROC, RERA
• Outsourcing – Bookkeeping & Year-end Accounts

⚙️ Software: IRIS | Xero | QuickBooks | Sage | Taxfiler | Drake

📧 [email protected]

🌐 www.nrballp.com

20/09/2026

⚖️ Surge in GST Appeals: Over 4,400 Cases at Ahmedabad Tribunal!

​With tax disputes rising, businesses are increasingly knocking on the doors of Appellate Tribunals.

​📊 Key Highlights:

🔹 80,000+ appeals filed nationwide; 3,733 new cases in September alone.

🔹 4,469 cases filed at the Ahmedabad Bench.

🔹 340 registered, 20 disposed of, and 321 cases actively pending disposal.

​Major disputes center around additional tax demands, input tax credit disallowances, interest, and penalties. A timely resolution remains critical for trade liquidity and ease of doing business.

​Source: Sandesh Samachar

​

20/09/2026

📈 STT Revenue Surges 53% to ₹40,214 Crore!

​The Government’s tax collections from the Securities Transaction Tax (STT) have reached a massive ₹40,214 Crore up to September 17 for FY 2026–27—a 53% jump compared to ₹26,305 Crore in the same period last year.

​Key drivers behind this surge:

🔹 Futures STT hiked to 0.05% (from 0.02%)

🔹 Options premium STT hiked to 0.15% (from 0.10%)

🔹 Margin Trading Funding (MTF) hitting an all-time high of ₹1.49 Lakh Crore

​Market volatility aside, tax collections continue to scale new highs!

​Source: Sandesh Samachar

​

20/09/2026

📢 CBDT Major Reform: No Arrests for Income Tax Dues!

​In a landmark taxpayer-friendly update, CBDT has amended Rule 225 (w.e.f. April 1, 2026), completely eliminating arrest & detention for tax recovery!

​Key Takeaways:

✔️ Property-Based Recovery: Enforcement limited to asset attachment/sale, not personal detention.

✔️ Decriminalisation: Minor TDS delays & technical errors will attract interest/penalties, not jail.

✔️ Relief for Legal Heirs: No personal liability or coercive action on legal heirs beyond the inherited estate.

✔️ Registration Extension: Valuers & Tax Practitioners have time till March 31, 2027.

​Source: Gujarat Samachar

​

20/09/2026

⚠️ CRACKDOWN ON GST DEVIATIONS: 1,700+ NOTICES ISSUED ⚠️

​The GST Department has initiated strict action against tax evasion and return discrepancies, serving show-cause notices to over 1,700 businesses across Gujarat!

​📌 Key Takeaways:

• Target: Major traders & bogus billing entities.

• Deadline: 2 weeks to submit formal replies.

• Risk: Bank accounts may be provisionally attached/frozen if not addressed on time!

​💡 Expert Advice:

Do not ignore departmental notices. Consult your Chartered Accountant/tax advisor immediately and reply within the deadline with full documentation.

​Source: Divya Bhaskar

​

20/09/2026

Crores in VAT Refunds Still Trapped After 9 Years! 🚨📉

​Even 111 months post-GST transition, thousands of businesses in Gujarat are facing severe working capital blockages due to pending VAT refunds.

​🔍 The Key Issues:

• Portal Data Loss: Bank records vanished during GST migration, and closed legacy portals block online updates.

• Red Tape: Tax authorities demand physical affidavits and in-person visits for account re-verification.

• Audit Hurdles: Multi-layer approvals (claims over ₹25L & ₹50L) and piecemeal audit queries add 2–3 year delays per file.

​A wake-up call for urgent administrative reform to release trapped liquidity for trade and industry!

​Source: Divya Bhaskar

​

20/09/2026

How are Indian households allocating their money? 📊

​A clear shift is underway: while safety remains paramount, wealth creation is driving fresh savings into capital markets.

​🔹 Equities & MFs in household savings jumped from 1.8% (2011–12) to 15.2% (2024–25)

🔹 Fresh MF inflows grew 2.6x in 2 years to ₹4.66L Cr

🔹 Direct equity additions reached ₹73,567 Cr in FY 24–25

🔹 Mutual fund assets surged 74% (March '23–'25), growing 3.6x faster than bank deposits

🔹 Bank deposits still hold the dominant share (₹153.16L Cr), with funds moving from savings accounts into Fixed Deposits

​Households aren't exiting banks—they are diversifying smartly for long-term growth.

​Source: Divya Bhaskar

​

20/09/2026

🔍 Income Tax Scrutiny Goes Next-Gen! 💻⚡

​The Income Tax Department is setting up 22 Digital Intelligence & Analytics Labs across India (at ~₹73.46 Cr) to track tax evasion & undisclosed assets.

​Key capabilities:

▪️ Recovery of deleted files & cloud-stored data

▪️ Decryption of password-protected files

▪️ Deep audits into Tally, SAP, spreadsheets & crypto wallets

▪️ Scrutiny beyond laptops/phones to servers & messaging apps

​Tax compliance is now purely data-driven. Accurate digital bookkeeping is essential! 📊

​Source: Divya Bhaskar

​

19/09/2026

🚨 GST Alert: ₹21.49 Crore Fake ITC Scam Unearthed

​Tax authorities have cracked down on a major fraudulent billing racket. Here is what you need to know:

​🔹 The Fraud: Over ₹21.49 crore in fake Input Tax Credit claimed without genuine movement of goods.

🔹 Digital Tracking: E-way bills were cross-referenced with RFID toll data, exposing fake transport claims.

🔹 Action Taken: 28 supplier firms put under scrutiny; 26 GST registrations canceled for non-existent entities.

🔹 Key Takeaway: Digital oversight is tighter than ever. Always ensure genuine supply trails, valid e-Way bills, and thorough vendor due diligence.

​Source: Divya Bhaskar

​

19/09/2026

Is Cash Still King in the UPI Era? 💵📲

​Despite India's massive digital payment boom, physical cash is witnessing a notable resurgence. According to recent RBI data, Cash in Circulation (CIC) touched ₹42.89 Trillion by August-end—up 12.50% year-on-year!

​From 10.70% of GDP in FY18, CIC has risen to 12.10% in FY26. While UPI continues double-digit growth, talks surrounding MDR charges on transactions above ₹2,000 are triggering concerns among merchants and retailers.

​Could transaction fees tip the scales back to cash transactions, or will digital convenience prevail?

​Source: Gujarat Samachar

​

19/09/2026

Will the RBI raise the repo rate this October? 📈

​Following aggressive rate hikes by the US Fed, ECB, and the Bank of Japan, the Reserve Bank of India faces growing pressure. Shrinking yield differentials with global securities and domestic inflation concerns make an October repo rate hike a real possibility.

​At the same time, strong foreign inflows have propelled banking system liquidity to a massive surplus of ₹9.85 lakh crore. Absorbing this excess via VRRR auctions remains difficult, as round-the-clock digital transactions make banks reluctant to lock funds into 30-day tenors.

​Source: Gujarat Samachar

​

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