The tax team provides services such as direct tax, indirect tax and litigation. The professionals also offer a strategic advisory practice to clients on the legal and regulatory framework affecting their various operations.
The firm is assisting a Kuwaiti conglomerate, Alghanim industries, regarding the impact of the implementation of the VAT regime in the Gulf Cooperation Council countries. It also helped Heurtey Petrochem on direct tax litigation. In this case, the firm successfully got the assessment proceedings quashed by the income tax appellate tribunal in a situation where the prevailing market view discounted the possibility of any relief being obtained by the client.
In 2017, the entire SDA team along with Atul Dua joined the firm.
Amit Maheshwari leads the tax practice at Ashok Maheshwary & Associates. It includes international tax, direct and indirect tax, dispute resolution, transaction advisory, tax compliance, entry strategy for foreign investors, global mobility, corporate finance, joint ventures and restructuring. The tax team specialises in cross-border transactions and works only with clients who have cross-border issues. Multinationals and foreign nationals make up approximately 95% of its client base. It is a member of international alliances involving Leading Edge Alliance and TPA Global. The firm added two new offices in Pune and Hyderabad.
The firm helped a client by advising on GST implications and complications at every stage of the transaction. Currently, the tax group is supporting the client on its effective implementation. The tax team is also advising a client on tax and regulatory issues concerning the deployment of US nationals in India for different projects and the filing of their tax returns.
In 2018, Shavikesh Goel was hired to head the German practice. Abhipray Basu was hired as a partner to head the Japanese practice. Shikha Jain, Monica Jaiswal, Surabhi Chandra, Vipul Jain all joined the firm.
“They are extremely professional and provide access to an extremely high level of knowledge pool. Amit is a quick thinker and has always come up with unique and tax efficient structures which have been beneficial for allot of our clients. More importantly the partners have a hands-on approach and do not leave everything on the associates, which was a challenge we faced with other firms. However, ever since we have started working with them we haven’t faced any such issues.”
Milind Kothari and Amit Sarkar leads the tax practice at BDO India. The tax team is comprised of 25 partners and 201 professionals. The tax group comprises the tax and regulatory services practice and the indirect tax practice. The team has strengths in banking, financial services, insurance; real estate, construction and TMT sectors.
In the past year, the team advised a client on the tax implications of a consortium agreement and obtaining lower withholding tax certificate. It also assisted a client with a prosecution issue regarding withholding tax. In this case, the firm represented the client before tax authorities.
Padmini Khare Kaicker leads the tax practice at BK Khare & Co. She is supported by six partners. The firm includes more than 150 professionals. The firm provides tax services covering tax advisory, tax litigation and representation, transaction advisory, M&A advisory and due diligence. In addition, the tax team also advises the client on planning transactions, implementing them and defending the tax positions before the revenue authorities and appellate authorities. It serves clients across various industries such as automotive manufacturing, banking, financial services, real estate, insurance and oil and gas.
In the past year, the firm defended a client on a claim of expenditure regarding an abandoned feature film. It also helped an Indian private sector bank in relation to income computation and disclosure standards.
In 2017, the firm expanded by hiring Kalpesh Unadkat, Vandana Biyani and Milesh Daru.
employer services and business taxation. The firm has added several new tax services, involving global trade advisory, foreign institutional investor advisory, litigation support, technology solutions and visa assessments. In 2017, the firm added six new offices because of the growth of size. The places include Mumbai, Kolkata, Gurgaon, Bangalore and Hyderabad.
The firm assisted a US-based strategic PE fund by navigating complex provisions in indirect transfer. It helped the client to obtain the release of the escrow amount in advance. It helped a client, a player in the computer hardware manufacturing sector, on transactional tax issues. In this matter, the firm advised the client on the most tax-efficient modes of transfer, keeping stringent timelines in mind.
In 2017, the tax division of BMR Group integrated with Deloitte as to enhance the tax capability. A team including 20 partners and more than 400 professionals joined the firm across Mumbai, Delhi and Bengaluru. Regarding internal promotions, the firm has promoted more than 400 professionals and eight directors assumed the role of partners. In addition, the firm also hired five senior professionals from other firms.
Dinesh Kanabar is the head of the tax department at Dhruva Advisors. The tax team consists of 23 partners and more than 250 professionals. It has enhanced the working capability of its domestic and cross-border taxation, transfer pricing, M&A and indirect tax practices. The team is not only well-known for its tax advice and innovative solution-driven approach, but also for its tax litigation, M&A and tax policy practice. Regarding tax controversy, the firm works with clients in ensuring the availability of all necessary information and documents related to tax disputes. The professionals also work with the tax authorities to ensure the process of tax audits, assessments and appeals are as non-adversarial as possible.
In the past year, it advised the Netmagic Group on transitioning to the new GST regime in India. The tax team assisted a client in conceptualising and implementing the complex structure. It included consolidation of two entities coupled with the exit of existing foreign investors.
In 2017, Saumil Shah, Lawrence Zlatkin, Pratik Shah and Gaurav Khurana joined the firm.
The tax team includes professionals with various backgrounds, including legal professionals, financial and market analysts, chartered accountants and economists who have multijurisdictional qualifications. The main professionals are Rohit Jain, Nishant Shah, Harsh Shah and Naresh Thacker. The practice covers indirect and direct taxes involving the entire spectrum of transactional, advisory and litigation work. Regarding the indirect tax practice, the tax team provides services including excise, customs, service tax, VAT, entertainment tax and entry tax to the recently introduced GST. In addition, the firm also advises clients on foreign exchange regulations, foreign trade policy and export control and trade sanctions.
In the past year, the team helped Cairn India in representations before the CBEC and the DGS, finding a clarification on the matter. The tax team is advising several entities of the JSW Group on transitioning to the GST regime. The professionals assisted TR Capital Mauritius in evaluating the tax implications arising from the proposed acquisition in India. The firm also helped the client during negotiations with the counterparty.
In 2017 and 2018, MP Devnath, Jignesh Ghelani, Vivek Sharma, Mitesh Jain, Adarsh Somani, Abhishek Anand and Rahul Charkha joined the firm.
The EMEIA Tax Center at EY is organised as a supranational entity covering the entire Europe, Middle East, India and Africa (EMEIA) region, with its Intercompany Effectiveness and operational transfer pricing practice serving clients’ needs across all jurisdictions.
Led by Oslo-based partner Sveinung Baumann-Larsen, it brings together multi-disciplinary experience and resources focused on IT, accounting, and tax from the entire region in its work. This work covers some of the leading global companies in their respective fields and includes those involved in retail and consumer products, energy and pharmaceuticals, to name but a few.
Ashwin Damania leads the tax practice at GM Kapadia & Co. He has more than 25 years of experience in taxation and foreign investment. He specialises in domestic and international tax compliance matters. The team is comprised of 15 partners. The practice advises on direct tax laws, transaction advisory services and indirect tax. In particular, it provides indirect tax advisory on GST laws, VAT laws, service tax laws and compliance and filings under GST, VAT and service tax legislations. The firm has a wide-ranging client base including fortune 500 companies, banks, insurance companies, investment banks, venture capital funds, mutual funds, private equity funds, brokers and high net-worth individuals.
“The firm gave very valuable insight into the taxation-related aspects of the divestment. This advice helped us structure the deal in a better fashion.”
Jairaj Purandare leads the tax practice at JMP Advisors. He has more than 30 years of experience in tax and business advisory. He is also an authority on tax and regulation in India. The team includes three partners and other qualified professionals. Most are chartered accountants and lawyers. The firm provides services including international taxation, domestic taxation, transfer pricing, M&A, GST, business laws,exchange control regulations and foreign investment consulting. The client base also covers various industries including banks, financial services, pharmaceuticals, manufacturing, power and infrastructure.
The firm is helping a high net worth individual and his family on income tax and exchange control regulations. It is also advising a client on drafting and filing the appeal to the appellate authority against the order of the tax officer. In this case, the tax team not only drafts written submissions, but also represents the case before the appellate authority.
In 2017, Harshal Udani joined the firm as an assistant manager.
The tax team is made up of accountants and lawyers. The practice includes direct tax, indirect tax, cross-border arbitration and litigation, transactional tax and high end international tax advisory. The tax group provides services such as deal structuring, transaction documentation and tax negotiations in the M&A area. It has a wide client base involving large Indian business houses and high net worth individuals, insurers, PE houses and funds. The firm has a good relationship with international law firms across many jurisdictions, helping professionals provide a global understanding of complicated tax matters involved in inbound and outbound structuring issues.
In the past year, the firm advised Luxoft on strategic acquisitions and divestments. The tax team assisted the client with investment instructions, transaction documentation and negotiation of tax indemnity. In addition, it also facilitated transactions regarding tax compliance. It also helped AIG on tax insurance advisory. The team advised the client in relation to the risk assessment before extending tax insurance policy products.
In 2018, Indruj Rai joined the firm as a principal associate. He has more than 10 years of tax experience in tax advisory and litigation area.
Hitesh Gajaria leads the tax practice at KPMG. He has more than 33 years of experience in tax, transfer pricing and regulatory consulting. The tax team is comprised of more than 90 partners and more than 2,000 professionals. It includes international tax, regulatory service, transfer pricing, deal advisory, M&A and PE tax, global mobility service and indirect tax. The team also provides services across various industries, involving consumer markets, financial services, infrastructure, government and PE.
The group assisted a client with an international tax and regulatory issue. It helped the client on scrutiny proceedings and detailed submissions to the tax officer, including various personal hearings. The tax team helped a client by analysing the implications of the transaction, reviewing the documents and providing a tax opinion in a short span of time. In addition, it also helped a client on exploring an option of filing an appeal with the commissioner.
Akil Hirani leads the tax practice at Majmudar & Partners. The firm provides tax service including cross-border tax structuring and tax planning, indirect tax advicem, PE issues, corporate and M&A tax, employee benefits, filings before the authority for advance rulings, tax litigation and private client work.
Akil Hirani and Ravi Raghavan advised Halyard Health on cross-border tax advisory. The tax team provided advice on how the contractual agreement should be structured and related tax consequences. The team also assisted Proveris Scientific Corporation with GST advice. It involved comprehensive consultation with the client on whether a GST registration was required for an exporter to India. It also included discussions with the India customer as to why they should not insist on a registration.
Nangia & Co is comprised of more than 250 professionals. The tax team provides a wide range of services including income tax consulting and advisory, indirect tax compliance and advisory, transfer pricing compliance and advisory, litigation services covering income tax, indirect tax, international tax and transfer pricing, corporate restructuring services, audit and assurance services, business valuations, joint ventures and M&A. The firm is well-known for providing advice in the oil and gas and hospitality sectors. It also services various industries such as IT, infrastructure, automotive and pharmaceutical.
In 2017, the firm advised a solar company from China on establishing a regulatory compliant GST structure. The tax team also assisted the client in restructuring its business operations from an indirect tax perspective. It assisted a client in the establishment of an India-incorporated joint venture company and helped the client figure out a fundraising process from a business, tax and regulatory perspective.
In 2017, Prateek Agarwal, Tarini Nijhara, Nitin Narang and Anupam Jain joined the firm.
The main professionals are Vandana Shah and Gaurav Shah. Vandana Shah has approximately 12 years of tax experience in cross-border taxation, transfer pricing, exchange control regulations and allied matters. The team is also supported by two more fee earners. Its practice covers tax advisory, compliance, representation and litigation support in the areas of cross-border tax, transfer pricing, expatriate tax, exchange control regulations, FATCA and CRS and domestic tax. It also includes advising clients on foreign tax issues. The team provides services covering technology, shipping, logistics, renewable energy, pharmaceuticals and manufacturing.
In 2017, Vandana Shah advised a client on a cross-border structuring and PE matter. Both Vandana and Guarav Shah also assisted a client on a transactional tax matter. The team provided cross-border tax advisory on an M&Adeal that included India and US taxes and transfer pricing regulations.
In 2017, Gaurav Shah joined that firm as a director. He was a director with the transfer pricing practice of PwC and BDO India previously.
SKP Group covers business advisory, transaction support, business process management, corporate services, governance and tax risk management. The practice also handles private client services, including building-of-trust structures, distribution of assets in a tax-efficient manner, evaluating the impact of transfer taxes and other commercial laws and providing end-to-end implementation of solutions. The firm has a GST regime in India and VAT regime in the UAE. It has established a dedicated knowledge, solutions and markets function.
The firm helped a telecom operator by offering GST impact training for various identified business functions. It included the understanding of the various business models and the evaluation of the GST impact on the same. In 2017, the firm defended a Sweden-based company regarding taxability of consideration for information technology services received from its Indian subsidiary.
Himanshu Sinha is the head of the tax department at Trilegal. The team includes two partners and eight other fee earners. The professionals include lawyers who have experience working in the big four and chartered accountants who have international qualifications and experience. It provides services covering direct and indirect taxation, foreign trade policy, corporate tax, M&A and dispute resolution. It has a wide client base across various industries such as pharmaceuticals, retail, software, manufacturing and e-commerce.
The firm represented Max before the Income Tax Appellate Tribunal in a tax dispute involving taxation of life insurance companies. It also advised a client on the online gaming services provided by non-resident gaming service providers. In this case the firm analysed the GST laws and provided GST-related advice.
In recent years, Madhav Behl, Bhuvan Dhoopar and Komal Dani joined the firm.
Vispi T Patel & Associates specialises in direct tax, transfer pricing, international tax, advisory and litigation services. D Arvind & Associates focuses on indirect taxes, GST, foreign trade policy, indirect tax optimisation and corporate law advisory. The two firms have combined to create innovative and insightful solutions to handle complex business and tax matters. The team is comprised of experienced qualified professionals. For instance, it includes 20 chartered accountants, one cost accountant, two advocates and more than 60 semi-qualified professionals.
In the past year, the firm represented a client before tax authorities in relation to explaining the nuances of the commodity trading business. D Arvind, meanwhile, helped a client in preparing an appeal. The tax team also argued a matter regarding valuation issue for excise duty.