Due Diligence
and providing tailored recommendations with a proactive and pragmatic approach.
Practice Leader
- Karan Gupta
- karagupta@spcnc.com
Karan spearheads the TRICS division at SPC with more than 15 years experience in field of Technology, Risk & Integrity Consulting having extensive experience in implementation and consulting for ERP, CRM, HRIS, ISMS, EPS, DMS & PMS. Combined with his expertise in Risk management, SOP development, Fraud risk framework and Anti-Money Laundering he, along with the dedicated Technology team provides end to end business strategy and technology implementation advisory to clients within SPC ecosystem.
DUE DILIGENCE & QofE
DUE DILIGENCE SUPPORT
At SPC, the integration of accounting, technology, and investigative skills and tools is the foundation that creates our Integrity & Forensic Services. Our team of over 50 professionals is trained to look beyond the numbers and deal with the business realities of situations; analyze, interpret, summarize, and present complex financial and business-related issues using cutting-edge forensic technology tools.
We have provided services for quantifying the impact of lost earnings, such as construction delays, stolen trade secrets, insurance disputes, damage/loss estimates, malpractice claims, employee theft, loss of profits, financial solvency reports, disturbance damages, loss of goodwill, compensable losses suffered in expropriation determination, assessment of the potential business compensation costs, and consultation on business defalcation minimization.
Types of Due Diligence
Vendor Due Diligence
Vendor Due Diligence is a baseline report that provides information about the risks associated in dealing with third parties and associates. These risks range from damage to reputation & lead to disciplinary actions in certain cases.
Senior Management Due Diligence
Senior management diligence is a great tool for obtaining important information about a senior management candidate to help assess competence and integrity of employee.
Integrity Due Diligence
We have extensive experience in assessing and analyzing risk / integrity traits of companies. Using all publicly available information from our network, we can search for material or suspected information about business involvement in commercial corruption and damages.
Financial Due Diligence
Our due diligence approach goes beyond accounting and incorporates a detailed analysis of Tax , Finance and Operating Risks. Our client service provides key insights which are supported by extensive experience and robust data analytical tools.
Anti-bribery & Anti -Corruption Due Diligence
We have extensive experience in assessing and analyzing risk / integrity traits of companies. Using all publicly available information from our network, we can search for material or suspected information about business involvement in commercial corruption and damages.
OUTSOURCED ACCOUNTING SERVICES
At SPC, our Outsourcing Accounting Services leverage the integration of accounting expertise, advanced technology, and automation to optimize financial operations for businesses. With a team of seasoned professionals, we deliver comprehensive solutions ranging from bookkeeping and financial reporting to tax preparation and compliance. Our approach is designed to improve efficiency, reduce costs, and ensure regulatory accuracy. By handling your accounting needs, we enable businesses to focus on growth while ensuring precise, timely financial management supported by best-in-class tools and practices.
OUTSOURCED ACCOUNTING SERVICES
Functional Outsourcing Services
- Assurance and Risk
- Due Diligence
- Client Accounting Services
- Data Analytics
- Tax Returns Preparation and Review
- Outsourcing US/ Canadian Tax Services
- Tax Returns outsourcing (Corporate and Personal)
- Transfer Pricing
- Learning and Development
- Governance Framework
Personnel Outsourcing Services
- Global Staffing Solutions & PEO
- Technology
TAX RETURN PREPARATION
Direct Tax
- Corporate Tax
- Personal/ Expatriate Tax
- International Tax
- Mergers & Acquisitions Tax
INDIRECT TAX
- Goods & Services Tax
REGULATORY
- Transfer Pricing
- Customs & International Trade
- US Inbound Services
DIRECT TAX & REGULATORY SERVICES
Taxation is a crucial aspect of doing business in today’s globalized world. The high rate of tax and constant changes in India’s tax and regulatory environment can make the task of establishing and managing operations in the country a complex one.
The SPC Tax team offers a full spectrum of specialized tax services from managing tax matters akin to an in-house tax team to independent business advisory, business structuring, assistance in tax compliances, and litigation and representation support. Our services are aimed at supporting businesses in running efficiently and effectively, with strong accountability and governance.
DIRECT TAX & REGULATORY SERVICES
Tax Compliances
- Filing of Income-tax returns and TDS returns.
- Withholding Tax Advisory and issuing requisite certificate
- Obtaining various certificate from Income Tax department.
- Compliances under gratuity, superannuation, and other such Acts.
Domestic Tax Advisory
- All areas of taxation : Personal Tax, Corporate Tax.
- Suggesting legal structure of business entities.
- Transactional advisory – optimal deal structure.
- Tax Due Diligence
- Family Settlements, Estate Planning
- Advising clients on establishment of Tax Management System
- Conducting Diagnostic Study to ensure full tax benefits of various incentive provisions availed
Mergers & Acquisitions Tax Services
- We can help you with the groundwork of prepare for a merger or acquisition.
- Identifying and managing tax risks.
- Tax structuring to help you complete the transaction efficiently.
- Negotiating effectively
- help you consider the tax impact of your fund structure & options for underlying investments.
Representations And Litigation
- Representation for tax assessment and appeals
- Representing foreign companies before Authority for Advance Ruling (AAR).
- Handling litigation at High Court and Supreme Court level.
- Handling prosecution matters
- Representation before CBDT
Taxation Services For Foreign Portfolio Investors (FPI)
- Provides advisory services (including advising on structuring investments in India in a tax-efficient manner)
- Day-to-Day accounting of cash segment transactions
- Compliance services
- Representation before tax and regulatory authorities.
INDIRECT TAX - GST RELATED SERVICES
Implementation of GST is a breakthrough moment resulting in a much-needed overhaul of the indirect tax ecosystem in India. At SPC we offers specialized tax services, assistance and support. Our services are aimed at supporting businesses in running efficiently and effectively, with strong accountability and governance.
Review Existing Policies
- Desktop review of filed Goods and Services Tax (GST) returns and observations on their relationship with books of accounts
- Review of the Company's compliances, including various GST Law amendments
- Review of the Company's Input Tax Credit Claim
- Examine, on a sample basis, the documentation kept by the Company under GST, including but not limited to output and input invoices, debit/credit notes, and so on.
- Evaluation/ review of internal controls/ checks being adopted for proper quantification and discharge of the taxes.
- Advising on any improvements or changes to processes, if any, from a GST standpoint.
GST Audit
- The audit under section 35(5) of Central Goods & Services Tax Act, 2017 comprising the following:
- Review of Books of Accounts in terms of applicability of GST law on outward and inward supply transactions
- Review of GST returns vis-à-vis audited financials of the entity
- Scrutinize a sample of documentation to determine compliance with the law.
- Providing feedback to management in the event that a problem arise.
- Preparation of an audit report, including applicable schedules and annexures, as well as a reconciliation statement as required by law
Review & Advisory
- Assistance in computation of monthly GST liability and tax credit including liability arising under reverse charge
- Review of outward details to be reported in GTSR 1 and GSTR 2 (outward and Inward supplies)
- Any other assistance and opinions related to indirect tax matters and tax advisory.
- Verification of HSN Code
- Analysis of Anti-Profiteering
Compliances
- Assisting with the preparation and submission of monthly returns
- Monthly review of invoices, credit notes, debit notes, export invoices, bill of supply on a sample basis
- Assistance with preparation and filing of annual return
- As required by the client, assistance with ASP/GSP.
Representation Services
- Preparation of documents/ information required for assessments, replies to notices etc. as demanded by the authorities from time to time
- Assisting in assessment proceedings relating to GST/VAT/Service Tax and representations before the tax/the adjudication authorities
- Assistance in departmental GST audits
- Day to day litigation support on notices, summons etc. received from tax authorities
- Assistance in seeking advance ruling
Others
- Revenue Reconciliation between Form GSTR-3B and GSTR-1
- Input Tax Credit Reconciliation between GSTR-3B and GSTR 2A
- Assistance in obtaining Refunds & Duty Credit scrips under Service Exports from India Scheme (SEIS)
Other Tax Services
Now more than ever, companies must have a cross-border perspective and be aware of tax issues that arise as a result of changing regulations, changes in their business structure, geographic expansion, cost reduction, credit market tightening, and an increase in legislative focus on perceived tax avoidance.
We remain cognizant of international developments that may affect your business, both globally and locally, so that you can develop and implement cross-border strategies, such as acquiring, restructuring, expanding, or divesting, comply with and respond to inquiries from tax authorities abroad, and manage your global structural tax rate.
REVIEW EXISTING TRANSFER PRICING POLICY
- Ensuring adherence to transfer pricing policy (Indian and global)
ASSISTANCE WITH RESPECT TO SPECIAL TRANSACTIONS
Our services and expertise span over all areas of transactions, specifically:
- Inter-company financing (loan and guarantee pricing)
- Royalty and other payments for intangibles
- Cost contribution arrangement (CCA)
- Management fee and other intra-group
VALUATION
- Our experts assist clients in establishing fair valuations of businesses and/or intellectual property associated with business restructuring or mergers and acquisitions
BENCHMARKING SUPPORT
- Benchmarking support by accessing Indian and global databases
COMPETENT AUTHORITY NEGOTIATIONS, APA AND LITIGATION SUPPORT
- Experienced in protecting clients' interests and defending the transfer pricing policy before the APA/competent authorities and even on-the-field tax authorities
CERTIFICATION
- Issuing Form 3CEB (CA/CPA Certificate) as required under Indian regulations encompassing international transactions as well as domestic transactions covered under transfer pricing
DOCUMENTATION
- Maintenance of robust documentation as per Indian and overseas jurisdiction requirements
- Assisting in compilation of “master file” and “country-specific” documentation
FORMULATE AND IMPLEMENT A GLOBAL TRANSFER PRICING POLICY
- Formulating and assisting in implementing an optimal transfer pricing policy, considering transfer pricing issues, international tax, exchange control, value added tax, service tax and regulatory issues.
- Aligning transfer pricing with the client’s global business goals and objectives & developing transfer pricing strategies blending Indian and overseas tax requirements (global transfer pricing), with a special Asia-Pacific focus.
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