Rch Group - Compliance, Cxo & Recruitment

04/08/2026

FAQ

04/08/2026

🚨*Corporate Laws (Amendment) Bill, 2026 — Key Updates*

👆_Joint Committee has recommended several major changes_

04/08/2026

The Supreme Court has reaffirmed that ITC cannot be denied merely because the supplier's GST registration was cancelled retrospectively, where the transaction is genuine and duly supported by evidence.

This infographic highlights the key principles and practical safeguards.

04/08/2026

04/08/2026

*Foreign shares sold after becoming an Indian resident? Here’s the tax concept.*

Once an individual becomes a Resident and Ordinarily Resident (ROR) in India, gains from foreign shares become taxable in India, even if the sale proceeds remain abroad.

The gain is first calculated in the original foreign currency (such as USD) by comparing the sale value and purchase cost in USD.

This gain is then converted into Indian rupees using the SBI TT buying rate applicable for the prescribed date. Indian tax law does not provide any special adjustment for rupee depreciation over the holding period.

Foreign shares held for more than 24 months are treated as long-term capital assets and taxed at 12.5%, plus surcharge and cess and must be disclosed in Schedule FA of the return

04/08/2026

🚨 BIG GST ADVANCE RULING | FOREIGN COMMISSION, INTERMEDIARY SERVICES & OVERSEAS CHARGES 💰

🚨 BIG GST ADVANCE RULING | FOREIGN COMMISSION, INTERMEDIARY SERVICES & OVERSEAS CHARGES 💰 Exporters, pay close attention to this latest ruling from the Tamil Nadu Authority for Advance Ruling (AAR). The decision in In re Sampurnam Hosieries Impex Private Limited provides critical clarification...

04/08/2026

🚨 *BIG GST ADVANCE RULING | FOREIGN COMMISSION, INTERMEDIARY SERVICES & OVERSEAS C&F CHARGES — 3 CRUCIAL ISSUES DECIDED! 💰*

📢 Tamil Nadu Authority for Advance Ruling has delivered an important ruling for Indian exporters dealing with foreign directors, overseas marketing agents and foreign clearing & forwarding agents. The applicant, a garment exporter, sought clarity on GST liability on three common cross-border payments. 🌎

🔴 1️⃣ Commission to Foreign Director — GST PAYABLE UNDER RCM! 💰
A foreign director based in Switzerland was to receive 15% of FOB value for marketing and sourcing export orders. The AAR held that the service qualifies as an “import of services” under Section 2(11) of the IGST Act because the supplier is outside India, recipient is in India and place of supply is India under Section 13(2). Accordingly, IGST is payable by the Indian company under Reverse Charge Mechanism pursuant to Notification No. 10/2017-Integrated Tax (Rate). 🇮🇳

🟢 2️⃣ Commission to Foreign Marketing Agents — NO GST UNDER RCM! 🌍

The foreign marketing agents merely source/facilitate export orders and receive commission of 20% of invoice value. The AAR classified them as “intermediaries” under Section 2(13) of the IGST Act. Since Section 13(8) makes the location of the intermediary the place of supply, the place of supply is outside India. Consequently, the service does not qualify as an “import of services” and GST under RCM is NOT payable on such foreign marketing commission. 💯

🔴 3️⃣ Foreign Clearing & Forwarding Charges — GST PAYABLE UNDER RCM! 📦

Where overseas C&F agents provide logistics services such as arrival handling, customs clearance and terminal handling on their own account, the AAR held that such services constitute import of services. Therefore, payments to foreign C&F agents are liable to GST under Reverse Charge Mechanism under Notification No. 10/2017-Integrated Tax (Rate). 🌐🚢

💡 *KEY TAKEAWAY:* Merely because a service is performed outside India does not automatically decide the GST liability. 🌍 The nature of the service, intermediary status, place-of-supply provisions and the “import of services” test under Section 2(11) of the IGST Act can completely change the RCM outcome. 📚

📌 Full Citation: In re Sampurnam Hosieries Impex Private Limited, Advance Ruling No. 43/ARA/2026, dated 04.05.2026, Authority for Advance Ruling, Tamil Nadu, order under Section 98(4) of the CGST Act, 2017 and TNGST Act, 2017. ⚖️📑

04/08/2026

*Bill No. 97 of 2026 (The Foreign Contribution (Regulation) Amendment Bill, 2026) introduced in the Lok Sabha.*

Highlights of the Bill :

1.Introduction of a Framework for Cessation:
Establishes guidelines for the supervision, management, and disposal of foreign contributions and assets of organisations that cease to hold an FCRA certificate.

2.Definition of Certificate Cessation: An organization loses its FCRA certificate if it is cancelled by the government, surrendered by the organization, or if a renewal application is not made or is denied.

3.Creation of a Designated Authority: A Designated Authority is established to take over, manage, and dispose of these assets. For places of worship, the Authority must ensure that their religious character is maintained.

4.Reduction in Penalties: The maximum penalty for violating the Act is reduced from imprisonment of five years to one year.

5.Definition of "Key Functionaries": The Bill defines responsible key functionaries (such as directors, partners, trustees, and office-bearers) who face criminal liability for organizational offences unless they prove lack of knowledge or due diligence.

04/08/2026

📌 Is your private company required to obtain an ISIN and comply with mandatory dematerialisation?

Rule 9B is not a one-time compliance—it depends on your company's status as on the last day of the financial year based on audited financial statements.

This infographic explains the applicability, timelines, FAQs, and a practical compliance checklist in a simple format.

👉 *Save this for future reference and share it with fellow professionals and business owners.*

04/08/2026

*10 Red Flags to spot AI-Gen Content*