You are on page 1of 19

Goods and Service Tax - India

Transition Support services


Ready for the challenge
April 2010
2010 Deloitte Touche Tohmatsu India Private Limited.
Contents
About us
GST in India
GST Services
Deloitte Advantage
Contacts
2
2010 Deloitte Touche Tohmatsu India Private Limited.
Deloitte Tax Service - Introduction
Corporate Tax
International Tax
Inbound
International Tax
Outbound
Transfer Pricing
Global
Transfer Pricing
Global Employer
Services
Mergers &
Acquisitions
Indirect Tax
Comprehensive Indirect
Tax Services
- Advisory and tax
planning
- Tax reviews and
representations
- Trade facilitations
- VAT Audit assistance
- Compliance services
- Post-acquisition
integration
- GST transition
32 senior directors/partners & 603 tax professionals providing quality
services across India
Litigation
Support
3
2010 Deloitte Touche Tohmatsu India Private Limited.
Framework of proposed GST in India
GST is a comprehensive value added tax on goods and services
GST involves one taxable event against multiple (manufacture, sale, service etc)
Due to federal structure, a Dual GST is proposed in India
Levy of Central GST-CGST by Central Govt.
Levy of State GST-SGST by State Govt.
Concurrent levy of CGST & SGST on each transaction of supply of goods &
services
Two tax authorities for same taxable event
GST to subsume multiple taxes, widen tax base and eliminate cascading effect
GST to reduce cost of tax compliance and cost of tax administration
4
GST- An opportunity to improve efficiency of capital employed and
enhance shareholder value
2010 Deloitte Touche Tohmatsu India Private Limited.
Deloitte India and GST
Deloitte India has taken steps to make the business ready for the change
Dialogue with the authorities implementing the change
The Deloitte Pre GST Survey communicating the business perspective
Client focused workshops
Internal tool development for assisting businesses quantify the impact of change.
Creating GST champions internally to train the large team for delivering
consistent and quality solutions to clients
Associating as a knowledge partner with Apex chambers and media for public
workshops.
Organizing GST Events in cities across India
5
2010 Deloitte Touche Tohmatsu India Private Limited.
GST: Our services
Work-shops
Impact Assessment Study
Facilitate selection of alternatives
Implementation support
On-call advisory and compliance support
6
Deloitte combines experience and knowledge to
provide comprehensive services
2010 Deloitte Touche Tohmatsu India Private Limited.
Our Services: Work shops
Create GST awareness around:
Structure
Features
Implications and
Strategy for smooth transition
7
We make the complex understandable
2010 Deloitte Touche Tohmatsu India Private Limited.
Our Services: Impact Assessment Study
Mapping current supply-chain
Comparative analysis of tax implications at
various tiers of supply chain under present
and proposed structure
8
In-depth & robust analytical support provided
2010 Deloitte Touche Tohmatsu India Private Limited.
Our Services: Facilitate selection of alternative
Discuss the possible alternatives
Analyze the feasible alternatives
Facilitate selection of alternative which
optimize the tax incidence while retaining the
business priorities
9
Providing complete support to facilitate
informed decision making
2010 Deloitte Touche Tohmatsu India Private Limited.
Our Services: Implementation support
Provide guidance in modifying /
implementing:
Accounting system
IT/ERP system
Re-designing of documentation and
processes
Transitional provisions and
Zero-date compliance
10
End to end solutions provided
2010 Deloitte Touche Tohmatsu India Private Limited.
Our Services: On-call advisory and compliance support
Advisory services under GST regime
Support for tax compliant GST
management
To enable clients to concentrate on
the core business function and
minimize potential tax risks
11
2010 Deloitte Touche Tohmatsu India Private Limited.
Why Deloitte?
A close fit with the clients service needs
Strong culture of consultation
A top-quality, multidisciplinary team
Continuous interaction
Balanced and effective relationship
Continuous, proactive communication
among all parties
Clearly defined expectations
Respect and cooperation
Open access to Client Service Partner
What this means to clients:
Service aligned with expectations
Common understanding of risks,
opportunities, challenges
Timely advice and counsel
Our multidimensional
communication model
Team
Management Deloitte
12
2010 Deloitte Touche Tohmatsu India Private Limited.
Deloitte GST capabilities spread across India
13
Mumbai
Delhi
Bangalore
Chennai
Hyderabad
Coimbatore
Ahmedabad
The team with GST champions help clients plan their Business GST-efficient
Pune
Kolkata
2010 Deloitte Touche Tohmatsu India Private Limited.
Deloitte: Knowledge Management
Knowledge Management is key differentiator in providing exceptional value to clients
Knowledge shared is knowledge multiplied
14
2010 Deloitte Touche Tohmatsu India Private Limited.
Deloitte Pre-GST Survey
Deloitte was a pioneer in India, launching the Pre-
GST Survey, administered across multiple industries,
sectors, sizes and geographies spread across India
The Pre GST Survey: Key takeaways
Appropriate date for GST introduction - April 2011 and
not April 2010 as proposed
Government needs to:
Mobilize infrastructure to undertake internal re-
organization of roles & responsibilities
Train Revenue resources
Develop an IT enabled environment to support the
GST requirements
Draft legislation to help businesses stimulate
projections & implications on costs & prices
Trade and industry needs to:
Form a core team within the organization to initiate
smooth transition
Seek assistance of professional experts in re-
engineering of business model and supply chain
15
2010 Deloitte Touche Tohmatsu India Private Limited.
Deloitte in the forefront
Pan India GST events held in 3 cities
Mumbai, Delhi and Bangalore
Sharing their vast international experience
Deloitte global leaders during their India visit
Special CFO focused roundtable in Delhi on
GST organized jointly with Economic Times
Associating as Knowledge Associate for GST
events organized by Apex Chambers
GST awareness presentations before various
forum and trade associations
Contributing though pieces in various media
on GST related matters and issues
16
2010 Deloitte Touche Tohmatsu India Private Limited.
Our wins: a testimony to our expertise
17
Client Profile Industry Work scope
Worlds single largest 2-
wheeler motorcycle company
Auto Work-shop
Impact Assessment Study
On-call Advisory services
North India based market
leader in technical textile and
chemical based industrial
intermediates
Technical textile
and chemical
Work-shop
Impact Assessment Study
Implementation support
On-call Advisory services
Major diversified company
engaged in Sugar, Fertilizers,
Chemicals, textiles etc.
Diversified Work-shop
Impact Assessment Study
On-call Advisory services
One of the largest steel
manufacturing company in
India
Steel Impact Assessment Study
2010 Deloitte Touche Tohmatsu India Private Limited.
Contact us
Prashant Deshpande
Leader Indirect Taxes
Mumbai, India
Email: pradeshpande@deloitte.com
Atul Gupta
Senior Director
Gurgaon, India
Email: gatul@deloitte.com
18
M S Mani
Senior Director
Mumbai, India
Email: msmani@deloitte.com
Krupa Venkatesh
Senior Director
Bangalore, India
Email: krvenkatesh@deloitte.com
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of
which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the
legal structure of Deloitte Touche Tohmatsu and its member firms
This material prepared by Deloitte Touche Tohmatsu India Private Limited (DTTIPL) is intended to provide general
information on a particular subject or subjects and are not an exhaustive treatment of such subject(s).Further, the views
and opinions expressed herein are the subjective views and opinions of DTTIPL based on such parameters and analyses
which in its opinion are relevant to the subject.
Accordingly, the information in this materials is not intended to constitute accounting, tax, legal, investment, consulting, or
other professional advice or services. The information is not intended to be relied upon as the sole basis for any decision
which may affect you or your business. Before making any decision or taking any action that might affect your personal
finances or business, you should consult a qualified professional adviser.
This material is intended only for the use of the entity/person to whom it is addressed and the others authorized to receive
it on their behalf. The recipient is strictly prohibited from further circulation of this material without permission of DTTIPL.
2010 Deloitte Touche Tohmatsu India Private Limited. All rights reserved