Tapping into the burgeoning BFSI market
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FinTech Consulting Services
Leveraging our FinTech Consulting experience, we employ our proven approach in process reviews, tech risk management, and third-party audits for Indian financial services clients.
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At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
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Tailored service offerings to Not for Profit organisations and CSR compliance services for dynamic businesses
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State budgets are becoming increasingly critical for businesses. In view of the complexity involved and thin business margin in majority business, there is growing need to understand the complexities of state taxes to optimise credit mechanism and also circumvent surprises arising out of assessments by tax authorities.
Key points of few recent state budget announcements are as under:
- Growing number of states have announced introduction of amnesty schemes to recover tax, close past assessments and reduce pending litigation
- Efforts are underway for development of IT infrastructure, training of officers in various states etc. for proposed implementation of GST
- With emphasis on ‘ease of doing business", and ‘Make in India’ initiatives, various State Governments are aligning with Central Government’s vision.
We hope this will be of interest and we intend to expand the efforts with more detailed coverage from next time.
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