-
Digital Natives
Unlock growth with Grant Thornton Bharat's Digital Natives solutions. Customised support for tech-driven companies in healthcare, gaming, and more.
-
Business Consulting
Our business consulting specialists offer a comprehensive blend of strategic advisory services. We assess the business, industry, operating model, synergy, skill sets and vision of the organisation and recommend the way forward
-
Digital Transformation Services
Grant Thornton’s digital transformation services help traditional businesses digitalise their business models with cloud technology, IoT consulting, app development and more DigiTech solutions.
-
Human Capital Consulting
Our Human Capital Consulting team harnesses technology and industry expertise to assist in constructing adaptable organisations with transparency, fostering productive and value-driven workforces, and inspiring employees to engage meaningfully in their tasks.
-
Production Linked Incentive Scheme
Production-linked Incentive Scheme by the Indian government is aimed at boosting manufacturing. Grant Thornton Bharat offers varied services across sectors to help businesses avail of this scheme.
-
Public Sector Advisory
Our Public Sector Advisory team has focused streams, aligned with the core priorities of the Government of India. We are responsible for providing innovative and customized technical and managerial solutions.
-
Tech Advisory
We have amalgamated Digital Transformation, IT Advisory & Information Management and Analytics into a new offering, DigiTech.
-
Direct Tax services
Our tax specialists offer a comprehensive blend of tax services, tax litigation, regulatory and compliance services, helping you navigate through complex business matters.
-
Indirect Tax Services
Get tax services by leading tax firm Grant Thornton India. Our indirect tax services include consulting, compliance and litigation services for corporate, international and transaction tax
-
Transfer pricing services
Our transfer pricing services experts provide a range of services from provision of APA services to handling large global assignments including Country by Country reporting.
-
US Tax
At Grant Thornton, we help individuals and dynamic companies deal with US tax laws, which are one of the most complicated tax legislations across the world.
-
Financial Services - Tax
Best financial advisory services, tailored for small and large businesses by the experts having comprehensive knowledge of domestic laws and access to multifaceted tools to provide a valuable results.
-
Financial Reporting consulting services
Our experts have significant hands-on experience in providing IFRS/US GAAP services, end-to-end solutions and support services to fulfil financial reporting requirements.
-
Fund accounting and financial reporting
International operations often lack standardisation and have varied local reporting formats and requirements. Our experts can offer proactive insights, practical guidance, and positive progress and help meet regulatory timeframes.
-
Compliance and Secretarial Services
Our experts can assist in overhauling the entire compliance machinery of the organisation through evaluation of the applicable statutory obligations, monitoring of adequate governance controls, reporting and providing ongoing support.
-
Global People Solutions
As businesses transcend borders, both domestic and global considerations need equal attention. Our interim CFO and financial controller support services help organisations meet the business vision.
-
Finance and accounting outsourcing
Our accounting experts assist organisations in managing their accounting and reporting. Our dedicated Integrated Knowledge and Capability Centre (IKCC), allows us to service both the domestic and global markets efficiently and cost-effectively
-
Compliance Management System
We have automation solutions for you that will allow meeting government requirements and remain diligent, which when failed, can lead to penalties and loss in revenue.
-
IKCC: Grant Thornton's Shared Service Centre
The India Knowledge and Capability Centre (IKCC), aimed at delivering solutions by developing capabilities, has completed four years of its journey.
-
Global compliance and reporting solutions
At Grant Thornton Bharat, we meet the challenges of our clients and help them unlock their potential for growth. Our professionals offer solutions tailored to meet our clients’ global accounting and statutory reporting requirements. With first-hand experience of local reporting requirements in more than 145+ locations worldwide, we provide seamless and consistent international service delivery through a single point of contact.
-
Related Party Transactions Governance
Grant Thornton Bharat's comprehensive related-party transaction services ensure good governance by adhering to regulatory requirements, promoting transparency, and providing robust policies for compliance, documentation, and accountability in related-party transactions.
-
Private Client Services
Grant Thornton Bharat Private Client Services offers tailored advisory for family-owned businesses, focusing on governance, compliance, tax, succession planning, and family office structuring to sustain wealth and preserve legacies across generations.
-
GTMitra: Tax & Regulatory Tool
GTMitra, a specialised tax and regulatory tool by Grant Thornton Bharat, supports multinational businesses in understanding laws and regulations for effective growth strategies.
-
Labour codes
Labour codes solutions help you transition through the new legislation. At Grant Thornton, we help businesses divide their approach to make sure a smooth transition.
-
Alerts
At Grant Thornton India, with the help of our tax alerts, we help to provide updates on how to minimise your tax exposure and risks.
-
Cyber
In today’s time, businesses have gone through large transformation initiatives such as adoption of digital technologies, transition to cloud, use of advanced technologies et al.
-
Governance, Risk & Operations
Our Governance, Risk and Operations (GRO) services encompass Internal Audit, Enterprise Risk Management, Internal Financial Controls, IT advisory, Standard Operating Procedures and other services.
-
Risk analytics
Grant Thornton Bharat’s CLEARR Insights is a state-of-the art data analytics platform that will help you in seamless data analysis and efficient decision-making.
-
Forensic & Investigation Services
The team of forensic advisory services experts consists of the best intelligence corporate experts, and fraud risk, computer forensic experts to deliver most effective solutions to dynamic Indian businesses.
-
ESG consulting
Grant Thornton Bharat offers holistic ESG consulting solutions for sustainable business outcomes. With industry expertise and AI technology, we drive long-term value.
-
Transaction Tax Services
Our transaction tax experts understand your business, anticipate your needs and come up with robust tax solutions that help you achieve business objectives ensuring compliance and efficiency
-
Deal Advisory
Unlike other M&A advisory firm in India, we offer deal advisory services and work exclusively with controlled and well-designed strategies to help businesses grow, expand and create value.
-
Due Diligence
Grant Thornton’s financial due diligence services are aimed at corporate looking for mergers and acquisitions, private equity firms evaluating investments and businesses/promoters considering sale/divestment.
-
Valuations
As one of the leading valuation consultants in India, Grant Thornton specializes in all the aspects of the process like business valuation services, financial reporting, tax issues, etc.
-
Overseas Listing
Overseas listing presents a perfect platform for mid-sized Indian companies with global ambitions. Grant Thornton’s team of experts in listings, work closely with clients during all stages.
-
Debt & Special Situations Solutions
Grant Thornton Bharat offers specialist debt and special situations consulting services, including restructuring, insolvency, and asset tracing solutions.
-
Financial Reporting Advisory Services
Grant Thornton Bharat Financial Reporting Advisory Services offer end-to-end solutions for complex financial requirements, including GAAP conversions, IPO support, and hedge accounting advisory, ensuring accurate financial reporting and compliance.
-
Financial Statement Audit and Attestation Services
Grant Thornton Bharat offers customised financial statement audit and attestation services, ensuring impeccable quality and compliance with global standards. Our partner-led approach, technical expertise, and market credibility ensure effective solutions for your business needs.
- Agriculture
- Asset management
- Automotive and EV
- Aviation
- Banking
- Education and ed-tech
- Energy & Renewables
- Engineering & industrial products
- FinTech
- FMCG & consumer goods
- Food processing
- Gaming
- Healthcare
- Urban infrastructure
- Insurance
- Media
- Medical devices
- Metals & Mining
- NBFC
- Pharma, bio tech & life sciences
- Real estate and REITs
- Retail & E-commerce
- Specialty chemicals
- Sports
- Technology
- Telecom
- Transportation & logistics
- Tourism & hospitality
-
Article Agriculture and Budget: Immediate compulsions and long-term visionGovernment focuses on sustainable agriculture, digital infrastructure, and market intelligence to enhance productivity and global competitiveness in agriculture.
-
Article Union Budget 2024 expectations: Building resilience for consumer industryUnion Budget 2024 expectations: Building resilience for consumer industry
-
Thought Leadership Grain to gain: Impact of corn on India’s biofuel revolutionExplore Grant Thornton insights on unlocking India’s Energy Potential on Corn-Based Ethanol as a sustainable fuel solution.
-
Case study Transforming agriculture: The rise of Drone DidisDiscover how Grant Thornton Bharat's Drone Didis initiative empowers rural women and transforms agriculture with drone technology. Learn more about this success.
-
India-UK
India-UK
Given India’s thrust to promote domestic manufacturing and services, the introduction of the Development of Enterprise and Services Hubs (DESH) Act to replace and widen the scope of the Special Economic Zones (SEZ) Act, 2005, has been widely seen as a welcome move. There has been much anticipation around this proposal ever since Finance Minister Nirmala Sitharaman stated the government’s intent to bring about this change while presenting the Union Budget for 2022. DESH is slated to bring together state and central government efforts to provide a comprehensive and single-window clearance mechanism for industrial parks, estates and hubs for all kinds of manufacturing and services.
Needless to say that SEZs in India will continue to play an important role in improving India’s export capabilities with the total value of exports surpassing $100 billion in FY 2019-20. There is increasing thrust from the government for creating larger manufacturing and services zones/ hubs through its strategic initiatives, such as its flagship Sagarmala Programme, that will create large coastal economic zones with state-of-the-art infrastructure and port connectivity facilities. While protecting what has been achieved by the SEZ Act, these initiatives will give a fresh perspective to widening the scope and coverage of such zones into Development Hubs. This is where DESH steps in.
DESH is seen as the fructification of the efforts of the expert committee set up in 2018 under the chairmanship of Baba Kalyani, chairman and managing director of Bharat Forge, which recommended far-reaching changes in its report. This report has been followed up with extensive public consultation on each and every aspect of the proposed law so as to give directional guidance to the government in drafting DESH. The most notable recommendation put forth by the Baba Kalyani committee was — “framework shift from export growth to broad-based employment and economic growth". Other recommendations include the need for separate rules and procedures for service SEZs and manufacturing SEZs.
Keeping in mind these recommendations as well as the need of the hour, DESH introduces new concepts such as:
- Setting up of enterprise hubs that allow the government to promote, focus and provide special infrastructure required for special projects and industries (such as aerospace, defense, renewable energy etc.). This will allow the government to channel resources and funds for projects/ industries that hold national/ strategic importance.
- Freeing up land use and ownership in these enclaves that should boost economic activity and better use of infrastructure and resources in these hubs.
- Doing away with contiguity and greenfield (fresh) development restrictions for qualifying as a development hub.
- Maintaining status quo with respect to principles established for SEZs qua indirect taxes such as customs duty and GST. Despite strong recommendation/ push from industry, the government has desisted from providing any income tax sops to developers and units in these Hubs. If the concessional tax rate of 15 per cent (that has been provided to new manufacturing units) can be extended to units set up in these development hubs.
- Greater focus to expand scope beyond exports. To this end, DESH aims to boost local manufacturing which would have significant ripple effects — such as better employment opportunities and overall development of the area.
- The introduction of the concept of a negative list of activities prohibited in the DESH Hubs is also a welcome move. As in the case of Foreign Direct Investment, which, in 1998, moved away from an approval regime to a regime where all activities were permitted unless expressly stated in the negative list, such a move will promote entrepreneurs to set up units in development hubs for unique, value-added and innovative activities. Activities that are otherwise reserved or regulated such as agriculture, food processing, contract processing/manufacture, value-added trading, defense, arms and ammunition, aerospace, data centres, renewable energy, financial services etc. could see interest picking up.
- The single-window approval mechanism promotes better collaboration between the state and central government. This should also lead to better project management.
We are also given to understand that DESH would align with provisions of WTO’s subsidies and countervailing measures agreement, although India is under no obligation to implement the recommendations that the WTO’s dispute panel had suggested in its 2019 report.
All in all, DESH promises to take industrialization and services within the country to the next level. This change is welcome and necessary to create a roadmap for making India the third-largest economy by 2030.
This article was originally published on news18.com.