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. 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