GST Credentials

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


Deloitte Tax Service - Introduction

Corporate TaxInternational Tax

Inbound

International Tax

Outbound

Transfer PricingGlobal

Transfer Pricing

Global Employer

Services

Mergers &

AcquisitionsIndirect 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


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


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


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


Our Services: Work shops

• Create GST awareness around:

– Structure

– Features

– Implications and

– Strategy for smooth transition

7

We make the complex understandable


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


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


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


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


Why Deloitte?

• A close fit with the client’s 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

ManagementDeloitte

12


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


Deloitte: Knowledge Management

Knowledge Management is key differentiator in providing exceptional value to clients

Knowledge shared is knowledge multiplied

14


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


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


Our wins: a testimony to our expertise

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Client Profile Industry Work scope

World’s single largest 2-

wheeler motorcycle company

Auto • Work-shop


• On-call Advisory services

North India based market

leader in technical textile and

chemical based industrial

intermediates

Technical textile

and chemical

• Work-shop


• Implementation support


Major diversified company

engaged in Sugar, Fertilizers,

Chemicals, textiles etc.

Diversified • Work-shop



One of the largest steel

manufacturing company in

India

Steel • Impact Assessment Study


Contact us

Prashant Deshpande

Leader – Indirect Taxes

Mumbai, India

Email: [email protected]

Atul Gupta

Senior Director

Gurgaon, India


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M S Mani

Senior Director

Mumbai, India


Krupa Venkatesh

Senior Director

Bangalore, India


mailto:[email protected]




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Documents

GST Credentials