In order to safeguard the interests of Indian companies, especially from the perspective of investors buying into the companies during the COVID-19 (novel coronavirus) pandemic, the Government of India brought about certain changes in its foreign direct investment (FDI) policy. These changes and guidelines were brought about specifically for countries which share a land border in India, and these were accompanied with a new approval route for investors from these countries looking to bring in FDI into Indian companies. The policy changes, their technicalities and differences from the old regime, as well as the new approval processes have been highlighted in our document, for your perusal.
The Indian solar market is young but has a tremendous capacity to grow and expand. And with green initiatives becoming a priority in various aspects, solar seems to be the way for electricity generation on a large-scale in India. Via this research report compiled by the National Solar Energy Federation Of India (NSEFI), we take a look at the current market scenario of the Indian solar energy sector and how the market is primed for new entrants. We also look at the kind of investment and business opportunities are present in Indian solar energy sector and how its evolving public policy is facilitating an change across the industry.
As part of our series which focuses on the impact of the COVID-19 (novel coronavirus) pandemic on inter-company transactions, this presentation essentially discusses the topic of intra-group services (IGS) undertaken by multinational entities (MNEs). We’ve methodically analyzed the impact of IGS from a transfer pricing perspective on MNEs/international businesses, and further elaborated on how these challenges can be mitigated by these businesses via following some key action points to ensure that they can avoid extensive transfer pricing litigation in the post COVID-19 era.
The COVID-19 (novel coronavirus) pandemic has made various businesses relook and reassess their models, revisit supply chain operations, and more. While there’s no one-fits-all solution owed to the kind of presence and scale of a business, there are certain aspects such as contemporaneous data management, documentation, etc. which can surely help. Via one of our presentations in the “COVID-19 Impact On Inter-Company Transaction” series, we look at businesses with an entrepreneurial risk structure and how such businesses can deal with the COVID-19 impact, whilst discussing key action points from a transfer pricing point of view to avoid future litigation in a post-pandemic situation.
Given the historically productive business relations between India and France as two of the world’s leading economies, both the countries have seen cross-border business establishments being set up over the years by businesses across a multitude of domains. To further this sentiment as well as to help facilitate cultural and business integration for French companies looking to do business in India, Coinmen has set up a dedicated French business desk, which helps businesses from aspects ranging from incorporation, working capital, taxation, etc. to financial/business advisory, exit strategy, and more. Explore the market potential for French businesses in India via our document.
As part of the Atmanirbhar Bharat initiative announced by the Government, a special liquidity scheme has been announced for non-banking financial companies (NBFCs), housing finance companies (HFIs), and micro-finance institutions (MFIs) to ease their liquidity woes amidst the COVID-19 (novel coronavirus) pandemic. The nuances and criteria of this scheme, including how the Government of India will play its part in this, the projected impact of the scheme as well our inputs on the same have been collated in this document for your perusal.
The Indian MSME sector required an urgent helping hand from the Government to soften the blow of the COVID-19 (novel coronavirus) pandemic. A revised classification criteria for MSMEs to help more companies avail specific benefits for MSMEs, collateral free loans for companies and emergency credit lines with specific terms, allocation of funds for subordinate debt for stressed MSMEs and equity infusion in the sector along with other important changes in terms of government and receivables and global tenders was the Government’s way to help, and our document featuring these provisions along with our inputs on them has been collated for your perusal.
The COVID-19 (novel coronavirus) pandemic has had a huge impact on the Indian MSME sector which required prompt action from the Government to ensure that the companies in this sector sustain these testing times. Therefore, to help such businesses from a tax perspective, the Government announced new and reduced TDS rates and TCS rates, as well as changes with regards to release of non-corporate tax funds, tax audit, scrutiny assessment, income tax return, and the Vivad Se Vishwas Scheme. The major changes have been highlighted via our document for your perusal.
As part of the various provisions made by the Government of India to help businesses and employees in the MSME arena during the COVID-19 (novel coronavirus) pandemic, this document details the changes introduced from an EPF (Employee Provident Fund) perspective and how the Government intends to pay the employers’ and employees’ EPF share for a specified period during the pandemic, where the said businesses and employees are classified under certain specific criteria. It also details the new and reduced rates for EPF contribution for a given time period to help businesses and employees classified under certain specific criteria.
Doing business in India includes various technicalities and nuances, and our document on the same covers the six major aspects of this process. Here, we’ve discussed all that a business needs to know in terms of setting up a business presence/company incorporation, funding methodologies, direct tax planning and compliance, indirect tax planning and compliance, transfer pricing and international tax matters, and expatriate taxation in India. Furthermore, we’ve also included a cumulative list of important statutory as well as regulatory compliances from a company law, direct tax, indirect tax, and transfer pricing point of view to help businesses (foreign or domestic) in finding the right information in a single document.
There are times when a business offering certain services to its client is given part payment by the party availing its services, given the tax liability of the business which is offering the services. The said business must opt for a tax refund from tax authorities in this situation, which is often a long-drawn process. To help mitigate this issue of standard tax liability as well as to pre-determine the effective tax liability of a business given its actual revenue, our services in obtaining a lower withholding tax certificate can prove useful to businesses with a presence in India. Our profile details the process of obtaining this certificate, its usage in determining effective tax liability to mitigate cash flow problems, and the important documents needed for it.
While there is a common perception that India is a difficult tax jurisdiction for businesses, we aim to break the wheel and simplify it for our clients to ensure their business establishes a long-term and fruitful presence in India. Driving this objective is Coinmen’s Tax and Regulatory Services team, undertaking matters related to tax planning, strategy, tax compliance, transfer pricing and international tax matters, corporate tax litigation as well as client representation in front of tax authorities. Our holistic approach to utilize effective tax strategies for financial management of businesses, a detailed service catalogue as well as our select work in the arena over the years has been showcased in our TRS profile for your perusal.
Our Financial Accounting Services feature an array of functions which we undertake for our clients, especially in terms of indirect taxation and GST (Goods and Services Tax) matters. Our methodology of looking beyond indirect tax compliance is embodied by an entire team comprising of consultants, accountants, and more, with cross-functional support from our other teams, foreign desk heads, as well as the Partners. Over the years, we’ve helped clients across various sectors in aspects related to financial management, GST advisory and compliance, budget forecasting, payroll processing, management reporting, GST audit, etc., and our work has been showcased in this document, for your perusal.
As part of our series which discusses the impact of the COVID-19 (novel coronavirus) pandemic on inter-company transactions, this deck serves as the first edition. In this presentation, we’ve discussed the various challenges which can be faced by multinational enterprises with limited risk structures amidst the COVID-19 pandemic. Here, the said document also details the possible solutions which can be used by these companies to mitigate the challenges as well as the key action points which must be adhered to in these situations.
In this document/profile, we’ve discussed the importance of astute business planning, strategic business decisions and good governance for a business/company, especially during times of distress, such as the COVID-19 pandemic. We’ve detailed how we can categorically help businesses in these aspects via outsourced solutions to ensure that the economics of the said businesses remain sound. Our outsourced CFO as well as risk advisory services have been designed to cater for holistic growth and to help integrate professional and financial skill sets organically within a given organization.
The Government of India and RBI, as part of their response to help businesses in India amidst the COVID-19 (novel coronavirus) pandemic shared a series of provisions from an economic and tax policy point of view. We’ve detailed the said provisions and how they can be availed via certain action points, as well our inputs on the medium-term impact of these measures on businesses. The presentation covers the benefits and our inputs on topics such as the COVID-19 package and line of credit, relief from a direct tax point of view, company law point of view, and further covers the provisions under accounting and assurance as well as legal provisions for employees and employers.
Financial management in a given business can be tricky, especially during times of distress such as the COVID-19 situation in the country. While there might be a cash flow problem which arises, there is more than one way to mitigate the said issues. Here in this presentation, we’ve detailed our inputs on how a business can arrange for funds via utilizing various tax and regulatory mechanisms to ensure business continuity in such testing times. We’ve highlighted solutions in areas such as options for accepting loans, cash repatriation to shareholders, lower withholding tax certificate, refunds under GST, and more.
The Indian infrastructure sector has been a high-priority sector over the past years, and it continues to be so, even now. The various underlying segments in the infrastructure space, ranging from roadways, railways, waterways, airports, ports, etc. hold potential growth opportunities via various state-sponsored projects, as the sector looks to make the most of its strong FDI policy and invite collaborations from foreign players as well. Explore the latest developments and opportunities in the Indian infra space using our research effort.
Engineering, Procurement, and Construction (EPC) contracts are a popular mechanism for executing infrastructure projects in India. These contracts have certain nuances to them, which may lead to potential challenges for the stakeholders executing these projects, especially from a corporate tax strategy and financial strategy point of view. Our document discusses the mitigation of these challenges, and how there needs to be a holistic approach to projects via EPC contracts, ranging from planning and bidding to execution and completion. Know more in detail by downloading the document.
While India as a country is predominantly resource-rich, water scarcity is an issue which needs consistent addressal from the government in charge. Given the dependence on agrarian stability and a growing urban population, a robust water infrastructure is the need of the hour. To help realize the goal, the Central and state governments have launched dedicated projects in the water infra space which can strengthen the sector, and lead to market disruption by new businesses, be it domestic or foreign. Explore the sector’s growth, challenges, and opportunities via our research document.
The Indian auto components industry has grown by leaps and bounds over the years, reaching to a point where the dream of domestic production has been realized quite effectively and is being pushed on by the Government. This has also led to specific measures, benefits, and incentives for foreign companies looking to enter the Indian market and set up their manufacturing capacities here. Our document highlighting the opportunities in the auto component sector discusses these opportunities from a product engineering, manufacturing, as well as investment point of view, and more. Businesses can use this document as a starting guide to assess the business potential of the Indian market.
A push on domestic manufacturing translates to not just a robust market within the country, but also the possibility of developing an export capacity as a market leader. The same approach can be applied to the Indian auto components manufacturing sector, as India looks to position itself as a manufacturing leader in the global market. Given the high population density which translates to a high user base, a revised corporate tax framework for new manufacturing companies setting up shop in India, and a strong public policy on manufacturing, now’s your chance to get a cohesive market view of the sector via our research paper.
The Government’s aim to make India a global force in the manufacturing industry was realized via a strong push on the domestic manufacturing scenario, especially when the Make In India initiative was started. The idea was to not only have a robust domestic ecosystem, but also a capability to export to other countries. With the public policy aiming to promote domestic as well as foreign companies setting up the presence in India, a revised tax framework for new manufacturing companies was aimed to further the said cause. A consumer-heavy market primed with a large working population, a strong policy narrative, and an emerging economy are just some of the factors which talk about India’s manufacturing story. Download our research paper to know more about the sector in detail and explore the opportunities within the Indian market.
A sunrise sector whose potential is now being realized, medical devices manufacturing in India can add immense value to the country’s healthcare industry and reduce the country’s dependency on foreign technology when it comes to medical electronics and devices. Further down the line, the push on manufacturing medical devices can help India become an export leader as well, thus capitalizing a new market. For those looking to enter the sector in India, download our research paper to get a holistic market overview, understand the challenges, and identify the points of disruption and market entry.
Given the significance of the auto sector in India across various segments, it’s only logical to have a strong domestic production market for its underlying components. India’s auto components manufacturing sector has been helped by a significant push on domestic manufacturing owed to the Make In India campaign, a revised corporate tax system for new companies (domestic or foreign) setting up shop in India in the manufacturing domain, and the agenda to become a global market leader in the sector. Understand the nuances, challenges, and opportunities in the auto components sector in India via our document.
The electric vehicles sector in India has been seen as a long-term solution to counter the growing depletion of fossil fuel resources. While it has received a significant push from the Central Government, various state governments have also given it a boost by introducing state-specific benefits in the form of subsidies, concessions, and incentives to both the EV industry players as well as end-users. Not only has this helped in identifying and working towards developing EV hubs in the country for strengthening the domestic market, it is also a major step in attracting foreign interest from industry players as well. Use our research effort to know more about the state-specific benefits in the EV sector in India.
The journey for the EV sector in India hasn’t been easy. While it had disrupted the market about a decade or so ago, it still required that mainstream push to be brought into the limelight. Thanks to an evolving public policy, tax benefits, and state-specific incentives across various aspects, the EV industry in India surely looks to be the future of mobility. And while the domestic market has players across a multitude of segments, the constantly evolving nature of EV technology means that there is always a new way to disrupt the sector. Use our research paper to understand the Indian EV market and identify the kind of growth opportunities the sector has to offer.
