Direct Tax and Regulatory Services
We offer a bouquet of fully integrated tax and regulatory services. Our extensive experience and in-depth knowledge combined with our insight and innovation helps dynamic businesses in their global operations.
With the increasing ease of doing business in India, investors are highly optimistic about making investments in the country. Our team of specialists assists businesses on various tax and regulatory matters at every stage of the business lifecycle, thereby enabling them to explore and make the most out of the opportunities.
We also advise clients on how to effectively navigate the myriad of tax, and regulatory issues in cross-border transactions to help manage compliance risks and potentially enhance returns.
Our specialist teams provide a holistic and the most tax-effective solutions to large multinational companies, mid-size businesses, high net worth individuals and entrepreneurs looking to grow their businesses.
Our goal is to minimise your business and personal tax exposure by means of legitimate planning and keeping you aware of the changing requirements of the taxation system in India and abroad.
Transfer Pricing Services
Our Transfer Pricing team provides a range of services from provision of APA services to handling large global assignments including Country by Country reporting. We are a dynamic organisation assisting clients in corporate decision-making at different stages of inter-company transactions by providing tailored solutions i.e. planning, policy-making, implementation, robust documentation and compliance along assisting clients before the revenue and appellate authorities.
Compliance
- Local transfer pricing compliance documentation for international transactions and specified domestic transactions including:
- Functional analysis
- Comparability analysis
- Industry and business overview
- Assistance in obtaining of an Accountant’s Report in Form 3CEB
- Master File and country-by-country (CbC) reporting
- Assistance in preparation of Master File
- Assistance in preparation of CbC Report where:
- The ultimate parent company is in India
- The Indian entity is designated as the Alternative Reporting Entity (ARE)
- Indian entity does not have an agreement for exchange of CbC Report with country of foreign parent
- Despite having an exchange agreement, country of foreign parent (or ARE) fails to share CbC Report
- Assistance in communicating and liasoning with the relevant prescribed authorities whenever required
Advisory
- Assistance in setting up business/operational model
- Restructuring of existing business model to build tax/commercial efficiencies
- Due diligence report (DDR) assistance from transfer pricing perspective in order to ensure that the business model and pricing arrangements of target acquisition are defensible
- Assistance in corporate governance under Companies Act, 2013 and SEBI regulations
- Identification of related parties
- Analysing the identified RPT as to:
- Whether the transactions are in the ordinary course of business; and
- Whether the transactions are proposed to be undertaken on arm’s length basis
- Analysing and evaluating various approvals that may be required (i.e. Audit Committee, Board of Directors, shareholders etc.) for each of the RPT under the Companies Act 2013 and SEBI regulations
- Review-related party compliances under the Companies Act on a quarterly/half-yearly/annual basis
- Present our analysis at board meetings to assure Directors that compliances are in order
- Review of deemed international transactions
- Assistance in preparing profit attribution studies
- Assistance in preparing global transfer pricing policy document
- Supply chain restructuring
- Structuring management fee payments, royalty payments, inter-company financing arrangements
- Evaluate tax implications on existing or proposed business transactions
- Review contracts and agreements to identify the GST impact, from the perspective of Procurement, Manufacturing, and Distribution
- Assistance in identifying optimal valuation model for related party transactions under GST, while aligning the same with the model adopted under transfer pricing provisions
- Evaluate the legal positions adopted and suggest changes, if any, under the GST regime
- Assistance to comply with the provisions of anti-profiteering rules under GST
- Advice on matters about the import and export of goods into/from India under the Customs Act, of 1962.
- Assistance in Customs Valuation-related matters about import from related parties
- Advice on various incentive schemes for duty-free import/export of goods or services under the Foreign Trade Policy
Dispute Avoidance/Resolution
- Assistance in representation before:
- Transfer Pricing Services Officer
- Commissioner of Income Tax (Appeals)
- Dispute resolution panel
- Appellate tribunals
- Drafting of submissions, appeals and letters to the revenue/appellate authorities
- Tax briefings and providing external support to external counsels for representation before High Courts and Supreme Court
- Assistance in Advance Pricing Agreements (APA) proceedings
- Assistance with mutual agreement procedures (MAP)
- Assistance in relation to Safe Harbour application
Finance and accounting outsourcing
Our accounting experts assist organisations in managing their accounting and reporting functions with proactive and ‘no surprises’ approach by implementing best practices and leveraging cutting-edge technology platforms to provide timely and meaningful insights to the management, thereby unlocking the potential for growth in dynamic organizations.
- End-to-end finance and accounting functions
- Business process outsourcing that includes single processes like “Procure to Pay”, “Order to Cash” and “Record to Report” and sub-process within the single process like invoice processing, disbursement, collections, expense claim processing and MIS etc.
- Interim financial controller support and loan staffing
- Physical verification of inventory and fixed assets
- Migration from one software to another software i.e. from tally to NAV/SAP/ERP