Generated by All in One SEO v4.9.8, this is an llms.txt file, used by LLMs to index the site. # Nexdigm Business Set-up, Transaction Support, Finance and Accounting Outsourcing, Regulatory Compliance, Tax Advisory, Transfer Pricing, Assurance, Corporate Services ## Sitemaps - [XML Sitemap](https://devsite.nexdigm.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Mobileum - GSSC and India Finance](https://devsite.nexdigm.com/2026/05/22/gssc-and-india-finance/) - For over a decade, Nexdigm has been an invaluable partner in managing our India payroll for more than 900 colleagues. Their consistent delivery of utmost accuracy and timeliness has been crucial in ensuring seamless operations and regulatory compliance. Furthermore, their team is exceptionally responsive to all colleague-related inquiries, providing the prompt and precise support essential - [Doby Verrolec](https://devsite.nexdigm.com/2026/05/06/doby-verrolec/) - "Nexdigm has been a trusted adviser and service provider to us and has surpassed our expectations in managing our Financial Transformation and Accounting Advisory. The speed and accuracy with which they worked is commendable. Their support helped us identify the correct position of payables, inventory, compliances, significant savings, recovery for unidentified advances lying with suppliers - [Saurabh Baviskar](https://devsite.nexdigm.com/2025/12/17/saurabh-baviskar/) - Nexdigm’s hybrid work model allows me to serve global clients effectively while maintaining strong team collaboration and a healthy personal balance. - [Speedcast](https://devsite.nexdigm.com/2025/12/11/speedcast/) - "We are pleased to share our positive experience with Nexdigm's CFO services. Throughout our collaboration, the team demonstrated a strong client focus, taking the time to understand our business requirements and tailor their approach accordingly. We appreciate the professional environment, which created a smooth and structured process from start to finish. The team was consistently - [Piyus Mohanty](https://devsite.nexdigm.com/2025/12/17/piyus-mohanty/) - “The hybrid model at Nexdigm gives me the space for deep thinking, the flexibility to manage personal responsibilities, and the collaboration needed to perform at my best”. - [Senajeet Chakraborty](https://devsite.nexdigm.com/2025/12/17/senajeet-chakraborty/) - “The hybrid work model at Nexdigm helps me stay productive, plan better, and maintain meaningful team connections, all while keeping my work-life balance intact”. - [Heena Jain](https://devsite.nexdigm.com/2025/12/17/heena-jain/) - “Thanks to Nexdigm’s hybrid work model, I’m able to manage my responsibilities effectively while maintaining a fulfilling work-life balance”. - [Integra Asset Management](https://devsite.nexdigm.com/2025/10/01/integra-asset-management/) - "As part of our provider screening process, we evaluate 7 to 10 firms. Nexdigm stood out as our top choice and delivered exceptional internal audit services. Nexdigm supported us in auditing IT compliance, AML area, guided us through cyber risk management controls and helped identify and address gaps in the FSA compliance. Their collaborative engagement - [Partner, Friedman CPA GROUP](https://devsite.nexdigm.com/2025/10/01/partner-friedman-cpa-group/) - "The Nexdigm team is an invaluable asset to our organization, especially during staff shortages and peak workloads. They integrated seamlessly with our internal processes and consistently demonstrated professionalism and adaptability. The team was flexible in handling challenges and added real value throughout the engagement. Their efficiency and strong technical expertise ensured that objectives were met - [Avanos Medical](https://devsite.nexdigm.com/2025/10/01/avanos-medical/) - "Nexdigm has been engaged with Avanos for Audit and GST related Services. We are very happy working with Nexdigm. Their expertise, experience, quality of work, and people have helped us in delivering timely results. We look forward for more future engagement and collaboration with Nexdigm." - [Lifescan](https://devsite.nexdigm.com/2025/10/01/lifescan/) - "We greatly appreciate Nexdigm support for the entire audit process. Lifescan started as a standalone entity some years back. It divested from a very large multinational company. As a new company, we were not sure how to start our audit or what to do. We were always short of our resources as well and we - [Payroll](https://devsite.nexdigm.com/2021/01/19/payroll/) - "We thank Nexdigm for a fantastic job done by assisting us in filing individual tax returns of about 1700 employees (in the UK) at one go which resulted in substantial refund to the tune of approximately GBP 1.2 million. This is the result of efficient working model of Nexdigm and their efforts are highly commendable. - [US Headquartered IT Powerhouse](https://devsite.nexdigm.com/2025/09/26/us-headquartered-it-powerhouse/) - "We have been partnering with Nexdigm for payroll services for more than 12 years now. They have been consistently trustworthy and professional. Whenever we look for any special or customized reports, it is always handled efficiently. I appreciate their support in keeping us compliant in all payroll compliances like provident funds, tax etc." - [Tech Mahindra](https://devsite.nexdigm.com/2025/09/23/tech-mahindra/) - “We are very impressed by the support and cooperation given by the Nexdigm team during the lockdown period in the past two months. More specifically the year end processes, the start of the year formalities and the furlough claims, all of which fell in the same month were handled with utmost care and agility. In - [One of the top 6 Indian Technology Company](https://devsite.nexdigm.com/2025/09/23/one-of-the-top-6-indian-technology-company/) - “Nexdigm has truly demonstrated valued partnership during this pandemic by completing all the payroll activities and compliances on time and with utmost care. Nexdigm provided guidance on the COViD-19 aid program for employers run by tax authorities in the respective countries and supported us in claiming those benefits successfully. Thank you for the continued assistance - [Vignesh Kannan](https://devsite.nexdigm.com/2023/10/09/vignesh-kannan-4/) - "Its focused offerings covering contract management, account payables, and other tactical procurement operations with a good portfolio mix across client segments within the North American market has helped Nexdigm emerge as an Aspirant in Everest Group’s 2022 Procurement Outsourcing (PO) Services PEAK Matrix® Assessment. It has also expanded its delivery presence across onshore, nearshore, and - [Bruce Guptill](https://devsite.nexdigm.com/2023/10/09/bruce-guptill/) - "Breadth and depth of finance, contracting, and supply chain management expertise supplemented with intelligent automation and analytics help position Nexdigm as a strong challenger in ISG's 2023 Procurement BPO Services study for large accounts" - [Vignesh Kannan](https://devsite.nexdigm.com/2023/10/09/vignesh-kannan-3/) - "Nexdigm provides end-to-end offerings, including operations consulting, managed services, and transformation support across the F&A value chain, with a strong focus on the P2P segment. Its rich experience in serving SMB clients, especially in the US and APAC geographies, continued investments in enhancing its proprietary and third-party solutions through partnerships, and its focus on customer-centric - [Satish Cheemalakonda](https://devsite.nexdigm.com/2019/07/20/satish-cheemalakonda/) - "We partnered with Nexdigm to help us transition into for what is known as the biggest change in which the business is conducted in the region. The expertise of Nexdigm team in the area of taxation is exceptional, with an in-depth knowledge of VAT impact on the business as a whole and their recent experience - [Itzik Eliav](https://devsite.nexdigm.com/2019/07/26/itzik-eliav/) - "Upon finalization of Avgol’s localization in India, Nexdigm provided Avgol with project management support, covering all aspects of the project. This included tenders execution with various contractors, local negotiations with vendors, legal support to meet the Indian regulations, human resource support, banking and treasury guidance, Accounting and Compliance Support along with assistance with SAP Implementation, - [Tami Hirszhorn](https://devsite.nexdigm.com/2019/07/26/tami-hirszhorn/) - "On top of the above, Nexdigm project team were relocated to Bhopal in order to provide onsite 24/7 support during the whole project period. The team has monitored the progress of work with various contractors, and provided solution to ongoing challenges during the project period." - [Anita Chor](https://devsite.nexdigm.com/2019/07/26/anita-chor/) - "No doubt that the great achievement of the project would not have happened without the high level of skill, dedication and hard work of the entire Nexdigm team. Working with Nexdigm is like working with a family of dedicated, skilled and enthusiastic people who strive to bring positive results without compromise." - [Chandra Swarna](https://devsite.nexdigm.com/2019/07/26/chandra-swarna/) - "Nedigm had a systematic approach in conducting the SOC audits in our organization; understanding our requirements and expectations right from the inception of the project. They have been co-operative not just for the project but also extended their support to address issues beyond their scope. We required a systematic and dynamic approach to help us - [Sven Dettmer](https://devsite.nexdigm.com/2020/01/13/sven-dettmer/) - "Nexdigm has been a trusted advisor and service provider over the last few years. The team exceeded our expectations in the recent assignment of Financial Transformation and Accounting Advisory for Doby Verrolec. The speed and accuracy of work was commendable; it promptly enhanced transparency on the operations and working capital management. Thanks to Nexdigm, we - [D. S. Srinivas Rao](https://devsite.nexdigm.com/2019/10/04/d-s-srinivas-rao/) - "Our association with Nexdigm is more than a decade old and every passing year has only reinforced our confidence in them. Nexdigm’s robust team understands the complex structures, realities surrounding the industry and has been effectively supporting us not only on high-end advisory, transaction structuring, due diligence, and related aspects but also in managing our - [Shawn McBride 3](https://devsite.nexdigm.com/2020/01/13/shawn-mcbride-3/) - "Nexdigm Strategy & Operations Practice has been exceptional in helping us reduce Logistics Service Provider costs for our Australian operations. Via a root cause analysis to ascertain key cost drivers, Nexdigm identified savings and optimization efficiencies and recommended more efficient operating models. They also designed dashboards to help us with ongoing management and control of - [Henry Lin](https://devsite.nexdigm.com/2019/10/05/henry-lin/) - "We appreciate and acknowledge your support in registering our two new ETF funds. The efficiency of your services contributed significantly towards the successful completion of the projects. We are happy to have you as our tax consultant and look forward to working with you in the future. We greatly appreciate the assistance Nexdigm has provided." - [Neeraj Sirur](https://devsite.nexdigm.com/2019/10/04/neeraj-sirur/) - "Nexdigm has been a valued partner of Sanctum for more than two years, very ably supporting our company secretarial activities throughout this time. In a recent initiative, the Nexdigm team, went out of their way to help us achieve extremely critical timelines amidst considerable complexity, thereby ensuring a favorable outcome for the firm. It was - [Debra A. Etrio](https://devsite.nexdigm.com/2021/01/19/debra-a-etrio/) - "Setting up a new company in a foreign country is a complex undertaking, and the Nexdigm team helped us navigate the process from start to end, breaking down the numerous tasks in easy-to-understand terms. They have addressed all our concerns and stayed alongside us at every step, guiding us with promising solutions that resulted in - [Edward J. Knauf](https://devsite.nexdigm.com/2021/01/19/edward-j-knauf/) - "Operating in a foreign country, half-way around the world can be intimidating. With Nexdigm, we’re confident that we have a local partner looking out for us, keeping us compliant and giving us timely notice of potential problems and issues. You are indeed our trusted partners for our India operations." - [Khenneth Ebrahim](https://devsite.nexdigm.com/2021/01/19/khenneth-ebrahim/) - " Their quality of service is of the highest standard. The team has been an excellent support in proactively managing compliance well within the deadlines. The firm has an attitude of a partner rather than of a service provider and has demonstrated this by performing services beyond the scope of commissioned work based on requirements - [Daniel Balestriere](https://devsite.nexdigm.com/2021/12/15/daniel-balestriere-2/) - "The Nexdigm team has performed beyond our expectations and the potential efficiencies on the MyAirops implementation have now been realized and more. The implementation would not have been successful if it were not for Nexdigm's design documentation and detailed testing. The design was thoughtful, well documented, and thoroughly communicated to the developers. The team’s testing - [Sanjeev Motiyani](https://devsite.nexdigm.com/2019/07/20/sanjeev-motiyani/) - “Our long term association with Nexdigm really helped us in complying with the SVB proceeding smoothly. The attention to detail helped us in collating the required information and maintaining robust documentation. The expertise and technical finesse in representing us before SVB authorities helped us in hassle-free closure of two separate SVB proceedings without any loading/demand.” - [Steve Younts](https://devsite.nexdigm.com/2019/07/25/steve-younts/) - "Nexdigm provided excellent advisory and implementation support as we set up a manufacturing facility in India. Their dedication and commitment were crucial to the project’s on-time completion and ongoing success. Nexdigm’s project performance helped us stay on time and on budget. Throughout the entire project, Nexdigm demonstrated strong project management skills and commitment to both - [Shawn McBride 4](https://devsite.nexdigm.com/2020/01/13/shawn-mcbride-4/) - "Nexdigm have been great partners in project management and have demonstrated depth and breadth of knowledge around business advisory services. Their leadership facilitating cross-functional communications have been essential to seek close alignments between Cardinal Health and other business partners. Most importantly they became our business advisors by not just solving the complex issues we faced - [Shawn McBride 2](https://devsite.nexdigm.com/2019/10/05/shawn-mcbride-2/) - “Nexdigm provided excellent support in all phases of the project; right from conceptualization to post go-live support. Setting-up of the distribution and replenishment hub in Singapore for the APAC region was a key milestone during the integration of our newly-acquired business. This involved cross-functional and cross-regional dependencies. Their partnering approach helped us in achieving a - [Jim Jim Lim](https://devsite.nexdigm.com/2019/10/04/lim-jim-jim/) - "Nexdigm ensured a swift and smooth entry into the Indian market for us. They used a customized methodology to identify a Distributor base, unlocking substantial business opportunities for us. The promptness, agility and professionalism displayed by them has been exemplary, and has encouraged us to engage with them in the future." - [banner 2](https://devsite.nexdigm.com/2018/12/26/banner-2/) - Artificial Intelligence Services Driven By Data Analysis - [banner 3](https://devsite.nexdigm.com/2018/12/26/banner-3/) - Artificial Intelligence Services Driven By Data Analysis - [banner 1](https://devsite.nexdigm.com/2018/12/26/banner-1/) - Artificial Intelligence Services Driven By Data Analysis ## Pages - [Home](https://devsite.nexdigm.com/) - Nexdigm helps businesses with consulting, tax, finance, outsourcing, regulatory compliance, and transaction support across global markets. - [Careers](https://devsite.nexdigm.com/careers/) - Explore career opportunities with Nexdigm in Mumbai, Pune, New Delhi, Gurugram, Bengaluru, Hyderabad, and Chennai. - [UAE Inquiry form](https://devsite.nexdigm.com/uae-inquiry-form/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [UAE Inquiry](https://devsite.nexdigm.com/uae-inquiry/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Subscription](https://devsite.nexdigm.com/subscription/) - Subscribe to Nexdigm's Tax Alerts, Business Alerts, Budget Updates, and other Publications. - [Leadership](https://devsite.nexdigm.com/about-us/leadership/) - Beyond being experts in their respective areas of work, our management team is a set of people who share the same definition of joie de vivre – foundational values that showcase passion in every aspect of their lives, from their work to their relationships. To them, the complete-solution mantra is a life choice, not a tag line. - [Third Party Risk Management Services (USA)](https://devsite.nexdigm.com/global/us/services/business-services/technology/technology-solutions/third-party-risk-management-services/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Business Process Services (USA)](https://devsite.nexdigm.com/global/us/services/business-services/business-process-services/) - Nexdigm US provides business process services, including finance, accounting, and compliance solutions that improve accuracy and reduce overhead. - [Business Process Services](https://devsite.nexdigm.com/services/business-services/business-process-services/) - Nexdigm business process services help organizations optimize operations, improve efficiency, and enhance customer satisfaction through structured process management. - [Integrated Procurement Solutions](https://devsite.nexdigm.com/services/business-services/business-process-services/procurement-operations/integrated-procurement-solutions-source-to-pay-and-spend-management/) - Improve cost control, supplier management, and operational efficiency with integrated Source-to-Pay procurement solutions and digital enablement. - [Procurement Operations](https://devsite.nexdigm.com/services/business-services/business-process-services/procurement-operations/) - Nexdigm procurement operations services optimize sourcing, supplier management, and procure-to-pay processes to improve efficiency, control costs, and strengthen supply chains. - [Accounting Advisory & Audit Support](https://devsite.nexdigm.com/services/professional-services/cfo-services/accounting-advisory-audit-support-services/) - Expert accounting advisory and audit support services for IFRS, Ind AS, and US GAAP. Improve reporting, ensure compliance, and achieve audit readiness. - [FAQ's](https://devsite.nexdigm.com/careers/faqs/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Contact Us](https://devsite.nexdigm.com/contact-us/) - Nexdigm is a leading professional services group located in six major cities across India. We serve over 1200 active clients including multinationals, companies listed on exchanges, privately held and family-owned businesses from more than 45 countries. - [Japan](https://devsite.nexdigm.com/global/japan/) - Nexdigm has worked very closely with Japanese businesses on various projects including entry strategy, market research, etc. Over the years, we have built strong relationships with leading Japanese banks, law firms and other such institutions, making our services to Japanese businesses more holistic and increasing accessibility to other vital services. - [Poland](https://devsite.nexdigm.com/global/poland/) - Nexdigm Poland supports international businesses with consulting, tax, outsourcing, and advisory services designed for dynamic global markets. - [Technology](https://devsite.nexdigm.com/services/business-services/technology/) - Accelerate digital transformation with Nexdigm's technology services, including tech advisory, cybersecurity, analytics, cloud solutions, and IT consulting. - [Finance Transformation Services](https://devsite.nexdigm.com/services/professional-services/cfo-services/finance-transformation-services/) - Modernize finance operations with Nexdigm's finance transformation services, leveraging automation, process optimization, and analytics. - [Outsourced Finance & Regulatory Compliance](https://devsite.nexdigm.com/services/professional-services/corporate-services/outsourced-finance-regulatory-compliance/) - Nexdigm outsourced finance and regulatory compliance services support accounting, system setup, and financial management for companies in India and global markets. - [Entity Set-Up](https://devsite.nexdigm.com/services/professional-services/corporate-services/entity-set-up/) - Establish your business with Nexdigm's entity set-up services, covering incorporation, registrations, regulatory approvals, and compliance. - [Technology Solutions](https://devsite.nexdigm.com/services/business-services/technology/technology-solutions/) - Secure and optimize your business with Nexdigm's technology solutions covering cyber risk management, cloud security, and IT transformation. - [CISO As A Service](https://devsite.nexdigm.com/services/business-services/technology/ciso-as-a-service/) - Strengthen cyber resilience with Nexdigm's CISO as a Service. Access expert security leadership, risk management, and compliance support. - [Business Analytics](https://devsite.nexdigm.com/services/business-services/technology/business-analytics/) - Transform business data into actionable insights with Nexdigm's business analytics services. Improve decision-making, efficiency, and growth. - [Global Shared Services (UAE)](https://devsite.nexdigm.com/strategic-initiatives/global-shared-services/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Global Transfer Pricing (USA)](https://devsite.nexdigm.com/global/us/services/professional-services/cfo-support-services/global-transfer-pricing/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Quality at Nexdigm](https://devsite.nexdigm.com/about-us/quality-at-nexdigm/) - Structured processes, global compliance standards, and client feedback systems underscoring Nexdigm’s commitment to quality. - [Recognitions](https://devsite.nexdigm.com/about-us/recognitions/) - Having helped hundreds of customers over the years, we've received a lot of recognition for our work. Discover some of our awards! - [CFO Services](https://devsite.nexdigm.com/services/professional-services/cfo-services/) - Nexdigm CFO services provide financial leadership, virtual CFO support, and strategic finance management to help organizations improve decision-making and business growth. - [Finance Controller Outsourcing](https://devsite.nexdigm.com/services/professional-services/cfo-services/finance-controller-fpa-outsourcing/) - Nexdigm offers CFO, finance controller, and FP&A outsourcing services for growing businesses, helping improve reporting, forecasting, and financial leadership. - [Market Research](https://devsite.nexdigm.com/services/business-services/strategic-initiatives/market-research/) - Nexdigm provides detailed business market research and pre-investment advisory services, focusing on investing in countries, legal frameworks, and market opportunities. Our experts offer insightful analysis and strategic guidance to make informed decisions - [Tax & Regulatory](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/) - Nexdigm delivers global tax advisory and regulatory services to help businesses manage tax compliance, optimize tax strategies, and navigate complex international tax laws. - [Payroll & HR Support Services](https://devsite.nexdigm.com/services/business-services/business-process-services/payroll-and-hr-support-services/) - Nexdigm payroll and HR support services streamline payroll processing, tax compliance, and workforce administration for efficient business operations. - [Payroll Pulse](https://devsite.nexdigm.com/payroll-pulse/) - Payroll Pulse by Nexdigm provides industry insights, compliance updates, and best practices for managing payroll and workforce operations effectively. - [Commercial Operations](https://devsite.nexdigm.com/services/business-services/business-process-services/commercial-operations/) - Nexdigm commercial operations consulting supports enterprises with managed operations, cost optimization, and improved commercial performance. - [Global Transfer Pricing](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/transfer-pricing-and-international-tax/global-transfer-pricing/) - Global transfer pricing services supporting international tax compliance, risk management and strategic pricing for companies operating across borders. - [M&A Tax](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/ma-tax-and-regulatory-services/) - Nexdigm M&A tax and regulatory advisory services support mergers and acquisitions with structured tax planning, compliance, and transaction support. - [Internal Audit & Process Reviews](https://devsite.nexdigm.com/services/professional-services/assurance-and-risk-advisory/internal-audit-and-process-reviews/) - Nexdigm internal audit and process review services help organizations strengthen risk controls, improve governance, and optimize business processes. - [Business Services](https://devsite.nexdigm.com/services/business-services/) - Nexdigm business services include consulting, technology advisory, finance outsourcing, compliance, and process management to support growth. - [Due Diligence](https://devsite.nexdigm.com/services/professional-services/business-advisory/due-diligence-2/) - Nexdigm due diligence services assess financial, legal, and operational risks to support informed investment, acquisition, and partnership decisions. - [Assurance & Risk Advisory](https://devsite.nexdigm.com/services/professional-services/assurance-and-risk-advisory/) - Nexdigm assurance and risk advisory services help businesses manage regulatory risks, strengthen governance, and improve compliance processes. - [US](https://devsite.nexdigm.com/global/us/) - Nexdigm US supports global businesses with consulting, tax, outsourcing, and advisory services from strategy and setup to operational execution. - [Transaction Support](https://devsite.nexdigm.com/services/professional-services/business-advisory/transaction-support/) - Nexdigm transaction support services provide advisory for mergers and acquisitions, including due diligence, deal structuring, and execution support. - [Business Consulting](https://devsite.nexdigm.com/services/business-services/strategic-initiatives/business-consulting/) - Nexdigm business consulting services support project management, process improvement, and operational transformation with strategic guidance and execution support. - [Banking and Finance](https://devsite.nexdigm.com/industries/banking-and-finance/) - Nexdigm supports banking and financial institutions with advisory, regulatory compliance, risk management, and digital transformation solutions. - [Professional Services](https://devsite.nexdigm.com/services/professional-services/) - Nexdigm professional services include consulting, tax advisory, assurance, corporate services, and finance outsourcing for companies operating in India and global markets. - [Valuations](https://devsite.nexdigm.com/services/professional-services/business-advisory/valuations/) - Nexdigm business valuation services cover company valuation, intangible assets, regulatory compliance, and transaction advisory to support informed financial decisions. - [Business Advisory](https://devsite.nexdigm.com/services/professional-services/business-advisory/) - Nexdigm business advisory services cover due diligence, valuation, restructuring, and transaction support for mergers, acquisitions, and joint ventures across industries. - [Transfer Pricing & International Tax](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/transfer-pricing-and-international-tax/) - Nexdigm offers transfer pricing and international tax advisory services to help businesses ensure compliance, manage cross-border taxation, and optimize global tax strategies. - [Third Party Risk Management Services](https://devsite.nexdigm.com/services/business-services/technology/technology-solutions/third-party-risk-management-services/) - Nexdigm third-party risk management services help organizations assess vendor risks, ensure regulatory compliance, and strengthen governance across supplier ecosystems. - [AD and Cookie Policy (USA)](https://devsite.nexdigm.com/global/us/ad-and-cookie-policy/) - Review Nexdigm US’s ad and cookie policy outlining data collection practices, user preferences, and compliance with privacy regulations. - [Direct & Indirect Tax](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/direct-and-indirect-tax/) - Nexdigm direct and indirect tax services help businesses manage corporate taxation, regulatory compliance, and international tax requirements. - [Cyber Security & Data Privacy](https://devsite.nexdigm.com/services/business-services/technology/cyber-security-and-data-privacy/) - Nexdigm cybersecurity and data privacy services help businesses protect critical data, strengthen cyber resilience, and meet regulatory compliance requirements. - [Insights](https://devsite.nexdigm.com/insights/) - Access expert insights from Nexdigm on tax, regulatory changes, industry trends, and strategic business topics across global markets. - [All Insights](https://devsite.nexdigm.com/all-insights/) - Access expert perspectives, regulatory updates, and strategic insights from Nexdigm across key industries and business functions. - [Disclaimer (USA)](https://devsite.nexdigm.com/global/us/disclaimer/) - Read the Nexdigm US disclaimer detailing terms of use, content limitations, and legal disclosures associated with website access. - [Contract Management](https://devsite.nexdigm.com/services/business-services/business-process-services/contract-management/) - Nexdigm contract management services help organizations manage contracts efficiently, reduce risks, control costs, and improve visibility across the contract lifecycle. - [Privacy Policy (US)](https://devsite.nexdigm.com/global/us/privacy-policy-us/) - Nexdigm US outlines how personal data is collected, stored, and protected in compliance with applicable US data privacy regulations. - [Company Secretarial](https://devsite.nexdigm.com/services/professional-services/corporate-services/company-secretarial/) - Nexdigm company secretarial services support corporate governance, statutory compliance, regulatory filings, and company law requirements for businesses in India. - [Strategic Initiatives](https://devsite.nexdigm.com/services/business-services/strategic-initiatives/) - Nexdigm strategic business advisory services support complex projects, process optimization, and operational initiatives, helping organizations manage change and drive growth. - [Global Shared Services](https://devsite.nexdigm.com/services/business-services/strategic-initiatives/global-shared-services/) - We at Nexdigm provide Global Shared Services (GSS) to deliver a wide range of Finance and Accounting (F&A) outsourcing to companies worldwide. Enquire now! - [Finance & Accounting Management](https://devsite.nexdigm.com/services/business-services/business-process-services/finance-and-accounting/) - Nexdigm provides finance and accounting outsourcing services to streamline financial operations, improve compliance, and help businesses manage accounting processes efficiently. - [Services](https://devsite.nexdigm.com/services/) - Nexdigm offers integrated services in tax, strategy, business transformation, outsourcing, compliance, and digital consulting across industries. - [Global Outsourcing](https://devsite.nexdigm.com/services/business-services/global-outsourcing/) - Nexdigm delivers scalable global outsourcing services across finance, tax, compliance, and operations to support efficiency and business continuity. - [Restructuring](https://devsite.nexdigm.com/services/professional-services/business-advisory/restructuring-advisory-and-implementation/) - Nexdigm restructuring advisory services help businesses manage financial restructuring, turnaround strategies, and implementation support for sustainable growth. - [Corporate Services](https://devsite.nexdigm.com/services/professional-services/corporate-services/) - Nexdigm corporate services support foreign subsidiaries in India with accounting, payroll, tax compliance, and back-office operations through a single service partner. - [Offices](http://www.nexdigm.com/contact-us/offices/india/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Events](http://www.nexdigm.com/all-events/past-events/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Contact Us1](http://www.nexdigm.com/contact-us/enquiry) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Contact Us1 bk](http://www.nexdigm.com/contact-us/enquiry) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Careers](http://www.nexdigm.com/careers/people-and-culture/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [About Us](http://www.nexdigm.com/about-us/who-we-are/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Business Analytics (UAE)](https://devsite.nexdigm.com/technology/business-analytics/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Cyber Security & Data Privacy (UAE)](https://devsite.nexdigm.com/technology/cyber-security-data-privacy/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [CISO As A Service (UAE)](https://devsite.nexdigm.com/technology/ciso-as-a-service/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Hacking as a Service (UAE)](https://devsite.nexdigm.com/technology/technology-solutions/hacking-as-a-service/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Market Research (UAE)](https://www.nexdigm.com/market-research/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Pre-Investment Advisory (UAE)](https://devsite.nexdigm.com/strategic-initiatives/market-research/pre-investment-advisory/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Market Research (UAE)](https://devsite.nexdigm.com/strategic-initiatives/market-research/market-research/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Business Consulting (UAE)](https://devsite.nexdigm.com/strategic-initiatives/business-consulting/) - Unlock business value with Nexdigm’s consulting and project management services in the UAE. We drive strategic transformation with measurable impact. - [Program Management (UAE)](https://devsite.nexdigm.com/strategic-initiatives/program-management/) - Nexdigm provides expert program management services in the UAE. Our consultants deliver strategic, scalable, and measurable program management solutions for your business. - [CFO Services (UAE)](https://devsite.nexdigm.com/global/uae/services/professional-services/cfo-services/) - Nexdigm UAE offers comprehensive CFO services, including financial planning, reporting, control enhancements, and decision-making support. - [Internal Audit & Process Reviews (UAE)](https://devsite.nexdigm.com/global/uae/services/professional-services/assurance-risk-advisory/internal-audit-process-reviews/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Cyber Resiliency Service (Virtual CISO Office) (UAE)](https://devsite.nexdigm.com/technology/technology-solutions/cyber-resiliency-service-virtual-ciso-office/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Professional Services (USA)](https://devsite.nexdigm.com/global/us/services/professional-services/) - Nexdigm US provides professional services spanning audit, risk advisory, CFO support, business consulting, and regulatory compliance. - [Pre-Investment Advisory (USA)](https://devsite.nexdigm.com/global/us/services/business-services/strategic-initiatives-2/pre-investment-advisory-market-research/pre-investment-advisory/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Infrastructure Set-Up (USA)](https://devsite.nexdigm.com/global/us/services/business-services/strategic-initiatives-2/infrastructure-set-up/) - Nexdigm delivers end-to-end infrastructure set-up and business infrastructure solutions across the USA. Our construction management services ensure compliant, cost-effective, and timely project execution. - [Global Shared Services (USA)](https://devsite.nexdigm.com/global/us/services/business-services/strategic-initiatives-2/global-shared-services/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Program Management (USA)](https://devsite.nexdigm.com/global/us/services/business-services/strategic-initiatives-2/program-management/) - Nexdigm offers strategic program management services across the USA. Our experienced program management consultants ensure alignment, governance, and delivery excellence for complex initiatives. - [Business Consulting (USA)](https://devsite.nexdigm.com/global/us/services/business-services/strategic-initiatives-2/business-consulting/) - Nexdigm provides strategic business consulting services in the USA, including project management and process improvement consulting, to help organizations drive efficiency, growth, and transformation. - [Market Research (USA)](https://www.nexdigm.com/market-research/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Supply Chain (USA)](https://devsite.nexdigm.com/global/us/services/business-services/operations-finance-transformation/supply-chain/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Finance (USA)](https://devsite.nexdigm.com/global/us/services/business-services/operations-finance-transformation/finance/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Technology Solutions (USA)](https://devsite.nexdigm.com/global/us/services/business-services/technology/technology-solutions/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [CISO As A Service (USA)](https://devsite.nexdigm.com/global/us/services/business-services/technology/ciso-as-a-service/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Cyber Security & Data Privacy (USA)](https://devsite.nexdigm.com/global/us/services/business-services/technology/cyber-security-data-privacy/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Business Analytics (USA)](https://devsite.nexdigm.com/global/us/services/business-services/technology/business-analytics/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Procurement Operations (USA)](https://devsite.nexdigm.com/global/us/services/business-services/business-process-services/procurement-operations/) - Nexdigm offers end-to-end procurement operations and consulting services across the US. Our tailored procurement solutions help optimize sourcing, enhance vendor management, and drive strategic efficiency. - [Contract Management (USA)](https://devsite.nexdigm.com/global/us/services/business-services/business-process-services/contract-management/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Commercial Operations (USA)](https://devsite.nexdigm.com/global/us/services/business-services/business-process-services/commercial-operations/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Finance and Accounting (USA)](https://devsite.nexdigm.com/global/us/services/business-services/business-process-services/finance-and-accounting/) - Nexdigm offers comprehensive finance and accountancy services in the US. Boost accuracy, compliance, and efficiency with customized financial process solutions. - [Services (USA)](https://devsite.nexdigm.com/global/us/services/) - Nexdigm US delivers consulting, outsourcing, and advisory services across tax, business transformation, finance, and regulatory functions. - [Hacking as a Service (USA)](https://devsite.nexdigm.com/global/us/services/business-services/technology/technology-solutions/hacking-as-a-service/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Cloud Security Advisory Service (USA)](https://devsite.nexdigm.com/global/us/services/business-services/technology/technology-solutions/cloud-security-advisory-service/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Global Outsourcing (USA)](https://devsite.nexdigm.com/global/us/services/business-services/global-outsourcing/) - Nexdigm US delivers tailored global outsourcing solutions to optimize business processes, reduce costs, and enhance operational efficiency. - [Interim Finance Office (USA)](https://devsite.nexdigm.com/global/us/services/professional-services/cfo-support-services/interim-finance-office/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Finance Controller Services (USA)](https://devsite.nexdigm.com/global/us/services/professional-services/cfo-support-services/finance-controller-services/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Procurement Operations (UAE)](https://devsite.nexdigm.com/business-process-services/procurement-operations/) - Optimize procurement operations in the UAE with Nexdigm. Get expert outsourcing, consulting, and end-to-end procurement solutions tailored to your business needs. - [Contract Management (UAE)](https://devsite.nexdigm.com/business-process-services/contract-management/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Commercial Operations (UAE)](https://devsite.nexdigm.com/business-process-services/commercial-operations/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Finance and Accounting (UAE)](https://devsite.nexdigm.com/business-process-services/finance-and-accounting/) - Nexdigm delivers end-to-end finance and accountancy services in the UAE. Improve financial accuracy, compliance, and efficiency with our tailored solutions. - [Payroll & HR Support Services (USA)](https://devsite.nexdigm.com/global/us/services/business-services/business-process-services/payroll-and-hr-support-services/) - Nexdigm US offers payroll and HR solutions designed to maintain compliance, improve efficiency, and streamline workforce administration. - [People and Culture](https://devsite.nexdigm.com/careers/people-and-culture/) - People and Culture - [Food Processing](https://devsite.nexdigm.com/industries/food-processing/) - Focused on the food processing industry, Nexdigm provides regulatory guidance, supply chain optimization, and financial solutions for growth. - [Who We Are](https://devsite.nexdigm.com/about-us/who-we-are/) - An overview of Nexdigm’s leadership, values, and advisory philosophy focused on transformation, trust, and long-term value. - [Profile](https://devsite.nexdigm.com/about-us/leadership/profile/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [5th Annual Direct Tax Summit and Awards 2022](https://devsite.nexdigm.com/5th-annual-direct-tax-summit-and-awards-2022/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [‘Go ‘glocal,’ globallys](https://devsite.nexdigm.com/go-glocal-globallys/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Healthcare](https://devsite.nexdigm.com/industries/healthcare/) - Nexdigm offers healthcare organizations expert services in compliance, finance, digital transformation, and operational efficiency. - [Industries](https://devsite.nexdigm.com/industries/) - Industry-focused insights and solutions by Nexdigm designed to address sector-specific challenges and drive sustainable business growth. - [Privacy Policy](https://devsite.nexdigm.com/privacy-policy/) - Review Nexdigm’s privacy policy outlining how personal data is collected, used, and protected in accordance with global compliance standards. - [Insights](https://devsite.nexdigm.com/global/us/insights/) - Insights from Nexdigm US on tax, strategy, compliance, and operations—providing analysis and updates tailored for today’s business landscape. - [Disclaimer](https://devsite.nexdigm.com/disclaimer/) - Read Nexdigm’s official disclaimer covering the scope, limitations, and legal terms governing the use of this website and its content. - [Ad and Cookie Policy](https://devsite.nexdigm.com/ad-and-cookie-policy/) - A clear statement of how Nexdigm handles cookies, advertisements, and user data in compliance with global privacy standards. - [Brand Story - Nexdigm](https://devsite.nexdigm.com/about-us/brand-story-nexdigm/) - The digital revolution has triggered a transition from an era where businesses were ‘built to last’, to where businesses need to be ‘built to change’ to last. - [Infrastructure Set-Up](https://devsite.nexdigm.com/services/business-services/strategic-initiatives/infrastructure-set-up/) - Nexdigm offers tailored infrastructure set up services, covering physical office setup, IT systems planning, and shared serv - [Performance Improvement Projects](https://devsite.nexdigm.com/industries/healthcare/performance-improvement-projects/) - Performance-focused healthcare solutions from Nexdigm are designed to improve clinical, financial, and administrative efficiency across operations. - [Ongoing Operations Support](https://devsite.nexdigm.com/industries/healthcare/ongoing-operations-support/) - Nexdigm provides end-to-end operational support for healthcare institutions, covering finance, compliance, HR, procurement, and digital enablement. - [Strategic Initiatives & Special Projects](https://devsite.nexdigm.com/industries/healthcare/strategic-initiatives-and-special-projects/) - Nexdigm supports healthcare organizations with strategic planning, capacity expansion, feasibility studies, and transformation initiatives. - [Tax Street](https://devsite.nexdigm.com/tax-street/) - Stay updated with Nexdigm’s Tax Street – your source for tax news, regulatory updates, expert analysis, and commentary on fiscal developments. - [International Tax](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/transfer-pricing-and-international-tax/international-tax/) - Nexdigm provides international tax planning, BEPS compliance, cross-border structuring, and advisory services tailored for global operations. - [Foreign Portfolio Investors](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/transfer-pricing-and-international-tax/foreign-portfolio-investors/) - Nexdigm offers regulatory and tax advisory for Foreign Portfolio Investors (FPIs), covering SEBI registration, reporting, and cross-border compliance. - [Private Client & Family Office](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/private-client-and-family-office/) - Nexdigm advises high-net-worth individuals and family offices on tax planning, succession, cross-border compliance, and wealth structuring. - [Regulatory Advisory](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/ma-tax-and-regulatory-services/regulatory-advisory/) - Nexdigm provides regulatory advisory for transactions, restructurings, and business operations, ensuring alignment with legal frameworks. - [Business Closure and Project Management Services](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/ma-tax-and-regulatory-services/business-closure-and-project-management-services/) - Nexdigm supports business closure and project wind-down with regulatory compliance, tax clearances, and operational transition planning. - [Direct Tax](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/direct-and-indirect-tax/direct-tax/) - Nexdigm offers strategic direct tax advisory, compliance management, litigation support, and transaction tax guidance for domestic and global clients. - [Mergers and Acquisitions](https://devsite.nexdigm.com/services/professional-services/business-advisory/transaction-support/mergers-and-acquisitions/) - Nexdigm provides end-to-end M&A support, including financial due diligence, valuation, deal structuring, and regulatory compliance. - [Joint Ventures](https://devsite.nexdigm.com/services/professional-services/business-advisory/transaction-support/joint-ventures/) - Joint venture advisory by Nexdigm includes strategic alignment, risk assessment, financial structuring, and operational planning for partnerships. - [Divestitures](https://devsite.nexdigm.com/services/professional-services/business-advisory/transaction-support/divestitures/) - Nexdigm supports divestiture transactions with due diligence, financial analysis, and compliance oversight to enable smooth business separation. - [SOP & Internal Controls Reviews](https://devsite.nexdigm.com/services/professional-services/assurance-and-risk-advisory/sop-internal-controls-reviews/) - Nexdigm conducts detailed reviews of SOPs and internal controls to enhance governance, ensure compliance, and improve operational efficiency. - [Hacking as a Service](https://devsite.nexdigm.com/services/business-services/technology/technology-solutions/hacking-as-a-service/) - Nexdigm’s Hacking as a Service identifies system vulnerabilities through ethical hacking, enabling proactive defense against real-world cyber threats. - [Cloud Security Advisory Service](https://devsite.nexdigm.com/services/business-services/technology/technology-solutions/cloud-security-advisory-service/) - Nexdigm’s Cloud Security Advisory Service helps businesses strengthen cloud infrastructure, manage risk, and meet evolving cybersecurity standards. - [Program Management](https://devsite.nexdigm.com/services/business-services/strategic-initiatives/program-management/) - Program management solutions by Nexdigm enable structured planning, monitoring, and execution of complex initiatives across global operations. - [Pre-Investment Advisory](https://devsite.nexdigm.com/services/business-services/strategic-initiatives/market-research/pre-investment-advisory/) - Nexdigm provides pre-investment advisory to assess business environments, evaluate feasibility, and support confident, informed decisions. - [Market Research](https://devsite.nexdigm.com/services/business-services/strategic-initiatives/market-research/market-research-2/) - In-depth market research services by Nexdigm help businesses evaluate market potential, identify risks, and build data-driven strategies. - [Podcasts](https://devsite.nexdigm.com/podcasts/) - Listen to expert-led Nexdigm podcasts on finance, strategy, tax, and regulatory topics designed to keep business leaders informed and agile. - [Real Estate](https://devsite.nexdigm.com/industries/real-estate/) - Nexdigm supports real estate companies with tax advisory, project finance, regulatory compliance, and operational solutions to drive sustainable growth. - [Manufacturing](https://devsite.nexdigm.com/industries/manufacturing/) - Supporting manufacturers with advisory, finance, tax, and digital services to strengthen operations, enhance profitability, and manage compliance. - [IT and ITeS](https://devsite.nexdigm.com/industries/it-and-ites/) - Nexdigm partners with IT and ITeS companies to deliver business transformation, global compliance, and scalable finance and tax solutions. - [Energy and Natural Resources](https://devsite.nexdigm.com/industries/energy-and-natural-resources/) - Nexdigm delivers specialized advisory and operational support for energy and natural resources companies to optimize performance and sustainability. - [Automobiles](https://devsite.nexdigm.com/industries/automobiles/) - Nexdigm supports the automobile industry with tailored solutions in finance, compliance, supply chain, and technology to drive innovation and efficiency. - [Technology (USA)](https://devsite.nexdigm.com/global/us/services/business-services/technology/) - Drive digital transformation with Nexdigm US technology services, offering IT strategy, automation, and system integration aligned to business goals. - [Strategic Initiatives (USA)](https://devsite.nexdigm.com/global/us/services/business-services/strategic-initiatives-2/) - Support your growth objectives with Nexdigm US strategic initiatives, including market entry, business transformation, and performance improvement. - [Business Services (USA)](https://devsite.nexdigm.com/global/us/services/business-services/) - Business services from Nexdigm US support growth through strategic planning, performance improvement, and streamlined process management. - [Enquiry](https://devsite.nexdigm.com/enquiry1/) - Connect with Nexdigm’s experts for tailored business solutions across tax, finance, strategy, and advisory. Submit your enquiry today. - [Career Details](https://devsite.nexdigm.com/careers/career-details/) - Explore current job opportunities at Nexdigm and learn how you can build a meaningful career with global exposure and diverse projects. - [Alumni](https://devsite.nexdigm.com/careers/alumni/) - A dedicated space for Nexdigm alumni to stay connected, share opportunities, and engage with former colleagues and business networks. - [Upcoming Events](https://devsite.nexdigm.com/all-events/upcoming-events/) - Timely updates on Nexdigm’s upcoming webinars and industry forums offering insights into business strategy and regulatory trends. - [Media](https://devsite.nexdigm.com/about-us/in-the-news/) - Media coverage and press mentions highlighting Nexdigm’s industry insights, client impact, and thought leadership. - [CFO Support Services (USA)](https://devsite.nexdigm.com/global/us/services/professional-services/cfo-support-services/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Indirect Tax](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/direct-and-indirect-tax/indirect-tax/) - Get expert indirect tax services from Nexdigm. Our consultants provide tailored support for businesses navigating tax regulations in India and abroad. - [Marketing Consent](https://devsite.nexdigm.com/marketing-consent/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Webinars](https://devsite.nexdigm.com/webinar/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Current Openings](https://devsite.nexdigm.com/careers/current-openings/) - Explore current opportunities with Nexdigm in Mumbai, Pune, Hyderabad, New Delhi, Chennai and Bengaluru. - [Corporate Social Responsibility Policy](https://devsite.nexdigm.com/corporate-social-responsibility/) - We, at Nexdigm, believe that our business is built around strong social relevance of inclusive growth. As a responsible organization, we are committed towards the objective and are keen on developing a sustainable business model to ensure and activate our future growth drivers. In line with the regulatory expectations, we are putting in place a - [Global](https://devsite.nexdigm.com/global/) - Nexdigm Global - [Past Events](https://devsite.nexdigm.com/all-events/past-events/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Press Releases](https://devsite.nexdigm.com/about-us/in-the-news/press-releases/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Account](https://devsite.nexdigm.com/account/) - [ultimatemember_account] - [Password Reset](https://devsite.nexdigm.com/password-reset/) - Password Reset [ultimatemember_password] - [Investment Chronicle](https://devsite.nexdigm.com/investment-chronicle/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Business Tax](https://devsite.nexdigm.com/services/professional-services/tax-and-regulatory/direct-and-indirect-tax/direct-tax/business-tax/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Thank You](https://devsite.nexdigm.com/thank-you-3/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Thank You](https://devsite.nexdigm.com/thank-you-2/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Thank You](https://devsite.nexdigm.com/thank-you/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Media Listing](https://devsite.nexdigm.com/about-us/in-the-news/media-listing/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Services](https://devsite.nexdigm.com/services-2/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - 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Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Insights Industries](https://devsite.nexdigm.com/insights-industries/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Mergers Integration](https://devsite.nexdigm.com/mergers-integration/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Newsletters](https://devsite.nexdigm.com/newsletters/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - 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Hosted at Business France, it brings together business leaders and decision-makers to explore opportunities in India. Aligned with France 2030 and the Franco-Indian Year of Innovation 2026, the event focuses on enabling meaningful business connections and market - [India’s Tax Reset 2026: Decoding Draft Rules & Smart Forms](https://devsite.nexdigm.com/events/indias-tax-reset-2026-decoding-draft-rules-smart-forms/) - The webinar focused on the comprehensive overhaul of India’s tax architecture, transitioning from the Income-tax Act, 1961, to the new Income-tax Act, 2025, effective from 1 April 2026. The session highlighted a "Big Shift" from reactive compliance to predictive, data-driven governance. This transition involves a significant reduction in the complexity of the law, with sections - [GST in Action: A practical perspective](https://devsite.nexdigm.com/events/gst-in-action-a-practical-perspective/) - This session demystified India’s customs and international trade environment, explaining how classification, valuation, and incentive frameworks impact pricing, compliance, and supply chain performance. Participants gained a structured understanding of customs law, valuation methodology, export schemes, and the operational advantages of programs like AEO and MOOWR. Session Focus Areas Customs law & HSN-based product classification Valuation - [Doing Business in the UAE: Corporate Tax, Transfer Pricing & India Outbound Considerations](https://devsite.nexdigm.com/events/doing-business-in-the-uae-corporate-tax-transfer-pricing-india-outbound-considerations/) - Nexdigm hosted an exclusive CXO roundtable in Mumbai focusing on the evolving business, regulatory, and tax landscape in the United Arab Emirates (UAE) and its implications for Indian businesses exploring expansion opportunities in the region. The discussion brought together industry leaders to examine the strengthening India–UAE economic corridor, market entry considerations, and the growing importance - [When the Tiger Roared: A Tax Ruling That Shook Global Investors](https://devsite.nexdigm.com/events/when-the-tiger-roared-a-tax-ruling-that-shook-global-investors/) - The session provided an in-depth analysis of the Supreme Court’s ruling in the Tiger Global International case, a landmark judgment reshaping India’s treaty interpretation and anti-avoidance landscape. The discussion examined the indirect transfer of Flipkart shares routed through Mauritius entities and the denial of treaty protection under the India–Mauritius DTAA. The ruling marks a decisive - [Union Budget 2026–27: Reform. Perform. Transform.](https://devsite.nexdigm.com/events/union-budget-2026-27-reform-perform-transform/) - The session provided a comprehensive analysis of the Union Budget 2026–27, highlighting key policy shifts across direct tax, indirect tax, customs reforms, and trade facilitation measures. The discussion focused on fiscal consolidation, capital expenditure growth, governance reforms, and regulatory simplification aimed at strengthening India’s economic momentum. With a real GDP growth estimate of 7.4% for - [Emerging Trends in the Indian Business Ecosystem](https://devsite.nexdigm.com/events/emerging-trends-in-the-indian-business-ecosystem/) - Nexdigm participated in a knowledge-sharing session hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI) in collaboration with Business Sweden. The session was part of the Focus Asia SME Study Trip of Swedish companies visiting India. The discussion centered on the evolving landscape of doing business in India — from foreign direct - [Beyond Compliance: Preparing for UAE’s E-Invoicing Journey](https://devsite.nexdigm.com/events/beyond-compliance-preparing-for-uaes-e-invoicing-journey/) - This exclusive live webinar served as a crucial briefing for tax professionals and compliance officers, unpacking the upcoming mandatory Business-to-Business (B2B) and Business-to-Government (B2G) e-invoicing mandate in the UAE. The initiative is part of a global phenomenon with over 75 countries implementing mandates to curb tax fraud, which globally causes over USD 500 billion in - [GST 2.0: The Great GST Reset](https://devsite.nexdigm.com/events/gst-2-0-the-great-gst-reset/) - The webinar focused on key GST Council recommendations encompassing trade facilitation, rate rationalization for both goods and services, and practical implications of the changes. This knowledge session provided a practical briefing for tax professionals, CFOs, and compliance officers navigating the evolving GST regime. Key Discussion Points Trade Facilitation: Measures included the operationalization of the Goods - [UAE VAT - Recent Updates and the Way Ahead](https://devsite.nexdigm.com/events/recent-trends-on-corporate-tax-assessment-and-gst-litigations-challenges-and-resolutions/) - The UAE has recently published new public clarifications, made changes to the review process for various procedures on EmaraTax portal, and introduced recent developments on E-Invoicing. These developments have brought significant implications for businesses operating in the region. Join our expert speakers, Sanjay Chhabria and Ankit Nagda, in this exclusive webinar to gain detailed insights - [The New Income Tax Bill 2025: Is It Really a Game Changer?](https://devsite.nexdigm.com/events/the-new-income-tax-bill-2025-is-it-really-a-game-changer-2/) - The webinar on Key Tax Considerations in M&A Transactions addressed the crucial tax aspects of Mergers and Acquisitions. It began by outlining the primary drivers behind M&A deals before delving into restructuring options and significant tax issues that commonly arise during such transactions. The session also covered various recent tax developments relevant to M&A, including - [UAE VAT – Current Policies and the Way Ahead](https://devsite.nexdigm.com/events/uae-vat-current-policies-and-the-way-ahead-3/) - Nexdigm hosted a focused knowledge session unpacking the recent developments and future trajectory of UAE VAT law. It served as a practical briefing for tax professionals, CFOs, and compliance officers navigating a rapidly evolving VAT regime. The discussion began with a detailed breakdown of the upcoming e-invoicing mandate. Attendees were taken through the phased implementation - [GST in Action – A Practical Perspective](https://devsite.nexdigm.com/events/event-summary-gst-in-action-a-practical-perspective/) - As part of the conference, Sanjay Chhabria delivered a comprehensive session on Customs – Supply Chain and International Trade, exploring the crucial intersection of customs law and indirect taxation. The session unpacked key components of customs legislation, beginning with constitutional and legal definitions of import/export and the taxable event under the Customs Act, 1962. Participants - [8th National Direct Tax Summit and Awards 2025](https://devsite.nexdigm.com/events/8th-national-direct-tax-summit-and-awards-2025/) - The presentation began by identifying the key drivers in M&A transactions, categorizing them into internal factors such as consolidation, focus on core business, tax optimization, streamlining, repatriation of capital, succession planning, and the pursuit of tangible results. It also considered external factors like growth through acquisition, divestments, leverage and debt management, managing distress or insolvency, - [Recent Corporate tax assessment trends/GST Litigation](https://devsite.nexdigm.com/events/recent-corporate-tax-assessment-trends-gst-litigation/) - The webinar focused on recent Corporate Tax Assessment Trends and GST Litigation Challenges and Resolutions. It covered recent amendments, trends in assessments, and key points to watch in assessment notices and orders. Specifically, the webinar addressed the Indian government's intention to reduce litigation and build trust through various steps taken since 2014, including clarity through - [8th National GST Summit & Awards 2025](https://devsite.nexdigm.com/events/8th-national-gst-summit-awards-2025/) - The presentation's agenda included a background on GST refunds, the types of refunds, procedural aspects of refund claims, critical issues, and input tax credit. It began by posing questions to the audience regarding their understanding of GST refund provisions, their experience with filing GST refund applications, how frequently they filed, and whether they had received - [Decoding Union Budget 2025](https://devsite.nexdigm.com/events/decoding-union-budget-2025/) - The webinar provided an overview of the budget's economic context and detailed proposals related to direct and indirect taxes. The webinar began by outlining the key highlights of India's Union Budget for 2025-26, presented the budget's economic context, including projected GDP growth between 6.3% and 6.8% for FY26 and a fiscal deficit target of 4.4% - [Data Lifecycle Management and Risk Mitigation](https://devsite.nexdigm.com/events/data-lifecycle-management-and-risk-mitigation/) - The webinar centered on Data Lifecycle Management and Risk Mitigation. The presentation began by detailing the Data Lifecycle's distinct stages: Data Collection, Data Processing, Data Protection, Data Sharing, and Data Deletion/Destruction. The discussion emphasized the critical responsibilities of Data Fiduciaries. These duties include providing clear and understandable notices to Data Principals, ensuring prompt notification to - [Vivad se Vishwas 2.0: Tax Disputes, Simplified](https://devsite.nexdigm.com/events/vivad-se-vishwas-2-0-tax-disputes-simplified-2/) - An informative session explaining the key provisions and implications of the Vivad Se Vishwas (VSV) Scheme 2024, the webinar aimed to simplify aspects of tax dispute resolution for tax payers. The presentation focused on providing clarity on the scheme's objectives, eligibility criteria, and the mechanism for settling tax disputes. Emphasis was placed on defining "tax - [Union Budget 2024-25: Evolve. Emerge. Establish.](https://devsite.nexdigm.com/events/union-budget-2024-2/) - At the Union Budget 2024–25 event organized by Nexdigm, expert speakers from the firm delivered a crisp, insights-led session breaking down the key highlights of the budget from a business and policy perspective. The presentation focused on decoding the implications of the budget for corporate India, with a sharp lens on economic priorities, sector-specific allocations, - [Decoding the Union Budget 2024](https://devsite.nexdigm.com/events/union-budget-2024/) - The presentation focused on decoding the budget's implications, especially for foreign corporations and India's economic strategy, with a sharp lens on regulatory reforms and sector-specific opportunities. Emphasis was placed on interpreting the government's initiatives to promote FDI, simplify regulations, and incentivize manufacturing. Key discussion points included the China Plus One strategy, regulatory reforms toward Viksit - [7th National Direct Tax Summit and Awards 2024 - Dilution of Concept of PE (Permanent Establishment)](https://devsite.nexdigm.com/events/7th-national-direct-tax-summit-and-awards-2024-mumbai/) - At the 7th National Direct Tax Summit and Awards 2024, held in Mumbai and organized by Achromic Point, Nexdigm led a compelling session on the “Dilution of Concept of PE (Permanent Establishment)”. The speakers from Nexdigm shared how globalization, digital transformation, and evolving business models are challenging traditional interpretations of PE. They emphasized how tax - [Indian Healthcare Today - New Opportunities and Access to Growth](https://devsite.nexdigm.com/events/indian-healthcare-today-new-opportunities-and-access-to-growth/) - This webinar aims to talk about the opportunities and challenges in the Indian healthcare industry from a U.S. investor's perspective. The discussion began by mentioning the fierce growth potential that the Indian healthcare industry holds, making it an attractive market to invest in. The panelists first discussed the opportunities for growth in the Indian healthcare - [Determining Tax bill under UAE Corporate Tax law](https://devsite.nexdigm.com/events/determining-tax-bill-under-uae-corporate-tax-law-2/) - The webinar was an information-rich session, dissecting the key components of the UAE Corporate Tax law and how to accurately determine the tax bill. The presentation focused on providing a clear mechanism for calculating taxable income, explaining what income is taxable and what is exempt, and detailing deductible and non-deductible expenses. The session emphasized the - [Navigating the Impact of IFRS policies on your Corporate tax](https://devsite.nexdigm.com/events/navigating-the-impact-of-ifrs-policies-on-your-corporate-tax/) - In a crucial session designed to demystify the intersection of accounting standards and tax obligations, Nexdigm experts recently convened to explore a topic of increasing importance for businesses operating in the UAE. The discussion tackled the complexities arising from the adoption of International Financial Reporting Standards (IFRS) and their subsequent influence on determining corporate tax - [UAE VAT - Current Policies and the Way Ahead](https://devsite.nexdigm.com/events/uae-vat-current-policies-and-the-way-ahead-2/) - In a session addressing the evolving landscape of Value Added Tax within the United Arab Emirates, Nexdigm experts provided a comprehensive overview of current policies and emerging trends. The discussion explored recent changes in the Executive Regulation, clarifications on specific VAT treatments, and upcoming regulatory shifts impacting businesses. The presentation delved into the intricacies of - [Recent trends and issues surrounding domestic TDS & TCS](https://devsite.nexdigm.com/events/recent-trends-and-issues-surrounding-domestic-tds-tcs/) - In a session dedicated to navigating the complexities of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) in India, Nexdigm experts offered insights into recent trends, amendments, and challenges. The discussion aimed to provide clarity on the latest regulatory changes and their practical implications for businesses. The presentation began by addressing the - [Navigating the Indian Budget 2024: Implications for Foreign Businesses](https://devsite.nexdigm.com/events/navigating-the-indian-budget-2024-implications-for-foreign-businesses/) - The webinar, "Navigating the Indian Budget 2024: Implications for Foreign Businesses," organized by Nexdigm, offered valuable insights into how the latest Union Budget impacts foreign companies operating in India. The presentation focused on decoding the implications of the budget for foreign businesses, with a sharp lens on economic priorities, sector-specific allocations, and regulatory changes. Emphasis - [Doing Business in Belgium and India](https://devsite.nexdigm.com/events/doing-business-in-belgium-and-india/) - Dr. Munish Sabharwal, Managing Director, Transaction & Pre-Investment Advisory, Market Research & Greenfield, Technology Advisory, and Administration attended an event on ‘Doing Business in Belgium and India.’ At the event, Dr. Munish highlighted the differences in the business culture and management style between India and European nations and elaborated on the nuances of mastering cross-border - [UAE Corporate Tax – Free Zone Taxation](https://devsite.nexdigm.com/events/uae-corporate-tax-free-zone-taxation/) - The United Arab Emirates (UAE) has seen a significant shift in its taxation system with the introduction of the UAE Corporate Tax on 1 June 2023. As a result, the types of conditions or criteria that would be required to fulfill to fall under the free zone category turned into a topical subject of discussion. - [Intra-group Financing – Special UAE Tax and Transfer Pricing considerations](https://devsite.nexdigm.com/events/intra-group-financing-special-uae-tax-and-transfer-pricing-considerations/) - The UAE taxation system has changed significantly with the introduction of the UAE Corporate Tax law and Transfer Pricing regulations. Moreover, as a financial and investment hub, adhering to its new tax regime and regulations while staying compliant with the Arm’s Length Principle (ALP) has become critical for multinational enterprises and taxpayers. To elaborate more - [Investigations](https://devsite.nexdigm.com/events/investigations/) - Sanjay Chhabria, Director of Indirect Tax, recently spoke at an ‘Investigations’ event. The event was held to ensure and raise compliance awareness and help organizations efficiently detect financial and legal discrepancies. Sanjay commenced the event by providing an overview and background of the subject. He then spoke at length about Departmental Audit, its process flow, - [Investment Fund - Special consideration for CT, TP and FATCA](https://devsite.nexdigm.com/events/investment-fund-special-consideration-for-ct-tp-and-fatca/) - Due to a myriad of reasons such as strategic location, tax-free market, high return on investment, stable economy, and world-class infrastructure, the United Arab Emirates (UAE) has been a preferred choice for setting up an investment fund and managing its activities. To discuss this topic and its intricacies more, Nexdigm’s subject matter experts Lokesh Gupta, - [Top Tax Rulings of 2023](https://devsite.nexdigm.com/events/top-tax-rulings-of-2023-2/) - The year 2023 witnessed significant tax ruling announcements, from the determination of the arm-length principle (ALP) to different interpretations of the most favored nation (MFN) clause and even the conundrum regarding the spectrum fees. To explore these tax rulings in detail and their impact/implications on the Indian taxation system and taxpayers, Maulik Doshi, Deputy Managing - [Refunds Under GST & Intricacies of ITC](https://devsite.nexdigm.com/events/refunds-under-gst-intricacies-of-itc/) - A timely refund mechanism is critical in tax administration. However, with new rules, notifications, forms, and amendments to laws, the Goods and Services Tax (GST) regime is becoming more complex with each passing day. To address the growing complexities, Sanjay Chhabria, Director of Indirect Tax, Nexdigm, spoke at the ‘Refunds Under GST & Intricacies of - [Future of Legal And Compliance Summit & Awards 2023](https://devsite.nexdigm.com/events/future-of-legal-and-compliance-summit-awards-2023/) - At the Legal and Compliance Summit & Awards 2023, Krishanand Bhat, Director, Technology Risk Advisory, Nexdigm, spoke at length about mitigating risks of data breaches, privacy, and cyber threats. While presenting, he stated the reasons for the data breach along with the response measures and strategies organizations can incorporate into their systems to prevent it. - [GST Audits and Investigations](https://devsite.nexdigm.com/events/audits-and-investigations/) - Saket Patawari, Executive Director, Indirect Tax, recently spoke at an event held at Bangalore on ‘Audits and Investigations’. The event was held to ensure and raise compliance awareness as well as help organizations efficiently detect financial and legal discrepancies. Saket commenced the event by providing an overview and background of the subject. He then highlighted - [UAE Corporate Tax Amendment](https://devsite.nexdigm.com/events/uae-corporate-tax-amendment/) - The UAE Ministry of Finance recently issued new amendments to its tax structure wherein businesses will be subject to Corporate Tax after 1 June 2023. To decode its impact, our subject expert, Sneha Pai, Senior Director, Direct Tax, spoke at length at a recently held event on the ‘Impact of Recent Amendment of Non-resident Companies’. - [Taxation of Non-Residents and Permanent Establishments](https://devsite.nexdigm.com/events/taxation-of-non-residents-and-permanent-establishments-2/) - As a vibrant open economy, the United Arab Emirates (UAE) is among the very few growing economies with a low-tax jurisdiction status. However, the tax landscape in the UAE is expected to witness significant changes with the introduction of the UAE Corporate Tax law effective from 1 June 2023. Lokesh Gupta, Associate Director, Tax and - [UAE as a Global Distribution Hub – Tax and Transfer Pricing Considerations](https://devsite.nexdigm.com/events/uae-as-a-global-distribution-hub-tax-and-transfer-pricing-considerations/) - As a Global Distribution Hub with an advanced business culture and low-tax environment alongside a strategic location in the Middle East and North Africa (MENA) region, the United Arab Emirates (UAE) is an inevitable investment and business destination that presents immense benefits to carry out and set up a new business. Recently, the UAE Ministry - [Practical Insights on GST Investigations](https://devsite.nexdigm.com/events/5th-edition-tax-strategy-planning-summit-2023-2/) - The Goods and Services Tax (GST) is a unified tax system introduced to replace the erstwhile fragmented and complex tax system. The core objectives behind its introduction were to: Simplify the prevailing tax structure Promote better economic integration Reduce the cascading effects of the tax system Practically, its introduction induced positive changes and benefitted the - [Enhancing Value with Effective Strategic Sourcing & Category Management](https://devsite.nexdigm.com/events/enhancing-value-with-effective-strategic-sourcing-category-management/) - Amidst turbulent times, mitigating supply management risks while ensuring a steady cash flow is among organizations' top priorities to secure and scale business growth. Especially for global businesses, a well-planned and organized supply chain is paramount as it not only helps streamline the flow of goods and services but also helps them become more resilient - [Outsourcing Procurement](https://devsite.nexdigm.com/events/outsourcing-procurement/) - Over the years, outsourcing has become one of the mainstay strategies for global organizations to scale and grow business. Moreover, as a cost-effective measure, procurement outsourcing provides many benefits, such as helping organizations achieve efficiency, enabling them to spend more time on strategic-making activities, encouraging internal staff development, providing flexibility and time zone advantages, and - [Powering up the ‘A’ in FP&A](https://devsite.nexdigm.com/events/powering-up-the-a-in-fpa/) - For global organizations, maintaining a robust cashflow has become an arduous process amidst the changing business atmosphere. The onset of Covid-19 and rising geo-political tensions have added to the uncertainty in the global financial world. To address and overcome the financial uncertainty and to facilitate smart decision-making for senior management in order to achieve financial - [Unlocking Opportunities in India – Exploring the opportunities in India](https://devsite.nexdigm.com/events/unlocking-opportunities-in-india-exploring-the-opportunities-in-india/) - Today, Artificial Intelligence (AI) has been used in every industry to streamline operations and scale business growth. Moreover, its growing impact and use alongside multiple industry applications is already disrupting and redefining the business landscape. Moreover, in a growing, vibrant economy like India, home to one of the world’s largest and most skilled pool of - [CFO’s Role in Leveraging AI and Other Technologies](https://devsite.nexdigm.com/events/cfos-role-in-leveraging-ai-and-other-technologies/) - In a fast, data-driven world, the role of CFOs has become even more critical. Practically, the probability of CFOs becoming the next CEOs of a company has risen significantly. Likewise, the importance of incorporating and implementing Artificial Intelligence (AI) and other cutting-edge technologies into business processes and systems has also gained momentum among organizations as - [Are Free Zone Companies Free from UAE Corporate Tax?](https://devsite.nexdigm.com/events/are-free-zone-companies-free-from-uae-corporate-tax/) - Recently the UAE Authorities, to align themselves with the Organization for Economic Cooperation and Development (OECD) principles, introduced and implemented the UAE Corporate Tax law from 1 June 2023. To decode its possible effect and implications, speakers Lokesh Gupta, Associate Director, Tax and Transfer Pricing, and Nishit Parikh, Director, International Tax and MA Tax, provided - [India Outbound - Are Free Zone Companies Free from UAE Corporate Tax?](https://devsite.nexdigm.com/events/india-outbound-are-free-zone-companies-free-from-uae-corporate-tax/) - The applicability of the UAE Corporate Tax law from 1 June 2023 for free zone establishments has been the talk of the town concerning what will and will not fall under the free zone. To comprehend its possible impact, speakers Lokesh Gupta, Associate Director, Tax and Transfer Pricing, and Nishit Parikh, Director, International Tax and - [Future of Finance Summit & Awards](https://devsite.nexdigm.com/events/future-of-finance-summit-awards/) - Automation across different industries is redefining performance standards while creating ample opportunities for business leaders to accelerate business growth. From a finance perspective, the immediate implementation of intelligent automation in core finance activities is essential from multiple angles. Our experts, Kartik Nagarajan, Deputy Managing Director - Business Consulting and Mayank Lakhani, Senior Managing Director - - [Digitization of the Finance Function](https://devsite.nexdigm.com/events/digitization-of-the-finance-function/) - Embracing change is inevitable today for businesses to succeed. Moreover, digitalizing their core business activities and staying upbeat with the recent technological advancements while implementing them is imperative to scale growth. To elaborate more on this topic and the role of CFOs, Nexdigm organized a webinar where our speakers discussed the importance of digitalizing the - [Impact on Foreign Companies - Recent Change in Withholding Tax Rate](https://devsite.nexdigm.com/events/impact-on-foreign-companies-recent-change-in-withholding-tax-rate/) - Nexdigm and Taxsutra recently co-hosted a webinar to address the impact, implications, and challenges that the changes in Section 115A will induce on Withholding Taxes on foreign payments. Speakers Maulik Doshi, Deputy Managing Director, Transfer Pricing, and Nishit Parikh, Director, International Tax and MA Tax, spoke at length about the critical points one must consider - [Direct Tax Summit](https://devsite.nexdigm.com/events/direct-tax-summit/) - Maulik Doshi, Deputy Managing Director, Transfer Pricing, talks about the key challenges of Taxation on the Digital Economy while providing an overview of the Organization for Economic Co-operation and Development (OECD) approach concerning Base Erosion and Profit Shifting (BEPS) Pillar 1 and Pillar 2. As we all know, today's international corporate tax rules are not - [ACIIA - IIA India International Summit 2023](https://devsite.nexdigm.com/events/aciia-iia-india-international-summit-2023/) - Over the decades, the global financial reporting atmosphere has changed due to the emergence of new risks, rapid technological advancement, unpredictable events, changing business conditions, and more. As a result, it has induced volatility, uncertainty, complexity, and ambiguity (VUCA) in the auditing world today. Prashant Chikhal, Director, Risk Assurance and Advisory, highlights the importance and - [Contract Management Risks - How to Manage and Mitigate](https://devsite.nexdigm.com/events/6th-annual-direct-tax-summit-and-awards-2023/) - Contracts, regardless of the business type or tenure, are indispensable for running a successful business. Moreover, a robust contract management process is necessary for a company to avoid, mitigate, and navigate through unnecessary risks. Alpana Shirgoankar, Senior Executive Director, Business Process Management, accentuates the rising importance of Procurement Contracting in today’s crowded and competitive business - [Refunds Under GST & Intricacies of ITC](https://devsite.nexdigm.com/events/6th-annual-gst-summit-and-awards-conference-and-awards/) - There are many complicacies and challenges while claiming a refund under GST, likewise, while dealing with the intricacies of Input Tax Credit (ITC). As a result, there are many applications which fail to claim a refund under GST. Sanjay Chhabria, Director, Indirect Tax, provides a detailed explanation concerning Types of GST Refunds, Critical Legal Provisions, - [Conference on GST and Customs- Contemporary Issues](https://devsite.nexdigm.com/events/conference-on-gst-and-customs-contemporary-issues/) - Since its introduction, the Goods and Service Tax has been proven to be a topic of controversies and challenges. Moreover, in recent times the ambiguity of GST has caused many issues regarding its implementation, interpretation, and registration. Saket Patawari, Executive Director, Indirect Tax, addresses the key challenges under the GST umbrella and clarifies contentious issues. - [2023 International India Conference](https://devsite.nexdigm.com/events/2023-international-india-conference/) - Nexdigm joined forces with ITechLaw Association at the Cybersecurity Legal Substantive Legal Conversation Conference to address the rising global cybersecurity risks. During the conference, our experts shared their views, strategies, and valuable insights to tackle and mitigate the rising global cybersecurity threats. They also drew attention to how international firms can decode any gap in - [Indian Union Budget 2023-24](https://devsite.nexdigm.com/events/indian-union-budget-2023-24/) - The Union Budget 2023 successfully addressed all segments of society with fiscal prudence. The Indian Finance Minister – Nirmala Sitharaman - accentuated the Government's ambitious plans to achieve a fiscal deficit of 6.4% of the GDP in the Financial Year 2023. Moreover, the budget offered relief to individual middle-class taxpayers and simultaneously delivered a strong - [Tapping into India’s Food Processing Sector - Opportunities for Turkish Companies in India](https://devsite.nexdigm.com/events/tapping-into-indias-food-processing-sector-opportunities-for-turkish-companies-in-india/) - [Investing in Germany: Opportunities for Indian Companies](https://devsite.nexdigm.com/events/investing-in-germany-opportunities-for-indian-companies/) - Germany and India’s relations play a strategic role in the development of both economies, with mergers, acquisitions and joint ventures being a popular route of entry and expansion for companies in the German-India corridor. Ranked as the third most active European acquirer in India, Germany is increasingly being viewed as a gateway to the European - [Sustainability: The Neoteric Playground for Next Generation Consulting Leaders](https://devsite.nexdigm.com/events/sustainability-the-neoteric-playground-for-next-generation-consulting-leaders/) - [UAE Tax Strategy and Recent VAT Updates](https://devsite.nexdigm.com/events/uae-tax-strategy-and-recent-vat-updates-2/) - As a part of UAE’s commitment to OECD’s BEPS framework, UAE introduced VAT in 2018 and ESR in 2019 UAE now introduces Corporate tax To help cement UAE’s position as a leading jurisdiction for business and investment To execute UAE’s support of the global minimum effective tax rate as proposed under “Pillar Two” of the - [Impact of the Open Network for Digital Commerce](https://devsite.nexdigm.com/events/impact-of-the-open-network-for-digital-commerce/) - The Government of India launched the Open Network for Digital Commerce (ONDC) on December 31, 2021, with the goal of providing scalability and accessibility to the field of e-commerce. While India has a well-developed e-commerce ecosystem, it lacks reach into the interiors of the Indian subcontinent. ONDC will thereby enable small merchants from rural areas - [UAE Transfer Pricing - Intra-group arrangements that could hike your tax bill](https://devsite.nexdigm.com/events/uae-transfer-pricing-intra-group-arrangements-that-could-hike-your-tax-bill/) - Transfer Pricing plays a key role in optimizing tax bills. and it's a strategic standpoint that requires detailed analysis and complete documentation. Businesses in the UAE need to ensure that they have adopted the correct tax position to avoid negative implications on their tax bill. This interactive session explores the questions arising, possibilities, and insights - [Decoding UAE’s Corporate Tax & Transfer Pricing Regulations](https://devsite.nexdigm.com/events/decoding-uaes-corporate-tax-transfer-pricing-regulations/) - The UAE Ministry of Finance (MOF) has issued a federal decree/law for implementing Federal Corporate Tax (CT) that will be effective for financial year starting on or after 1 June 2023. Earlier this year in April 2022, the MOF had issued a public consultation document (which had an overview of the proposed law) for the - [Recent Tax Controversies and What Lies Ahead](https://devsite.nexdigm.com/events/recent-tax-controversies-and-what-lies-ahead/) - Exclusively for CFOs and Corporate Tax Heads! - [7th Edition of the CFO Vision and Innovation Summit](https://devsite.nexdigm.com/events/7th-edition-cfo-vision-innovation-summit-awards-2022/) - The 7th Edition of the CFO Vision and Innovation Summit is poised to achieve new heights with an all new purposeful agenda, thought-provoking conversations and value-driven discussions. The summit shares real life stories and thought leadership session on how CFOs are influencing future of their organizations as transformational architects. Explore unique set of opportunities that - [White Collar Crime, Corporate Fraud, Internal Audit and Internal Corporate Investigations](https://devsite.nexdigm.com/events/white-collar-crime-corporate-fraud-internal-audit-and-internal-corporate-investigations/) - Conference on White Collar Crime, Corporate Fraud, Internal Audit and Internal Corporate Investigations in New Delhi at Hotel Eros on 16th November 2022 brought to you by Achromic Point along with Nexdigm as Bronze Partner where key issues like Emerging Trends in Fraud and Corruption, Every Audit Is a Fraud Audit, Conducting Internal Investigations, Third - [Supply Chain Collaboration – Innovative Practices for Global Supply Chain](https://devsite.nexdigm.com/events/supply-chain-collaboration-innovative-practices-for-global-supply-chain/) - The webinar began with Kartik Nagarajan - Managing Director - Business Consulting & Global Business Services (Sales), Nexdigm providing an overview of the webinar with the keynotes. Kartik addresses how supply chain leaders are battling on multiple fronts, such as cost inflation and resiliency due to the Ukraine war, along with a response strategy. He - [Unlocking Opportunities in India's Food Processing Sector](https://devsite.nexdigm.com/events/unlocking-opportunities-in-indias-food-processing-sector-2/) - Marc Lessem - Senior Executive Director, North America Sales and Marketing, Nexdigm began by presenting an overview of the session. Post which, Amit Kumar - Hon’ble Consul General, Consulate General of India, Chicago touched upon the state of the US-India relations and the prospects of the Indian economy in general. Here, Amit signifies that the - [Fundamentals of UAE's FATCA/CRS Compliances](https://devsite.nexdigm.com/events/fundamentals-of-uaes-fatca-crs-compliances/) - Trupti Mehta - Director, Setup & Expansion, GCC Region, Nexdigm set the tone of the webinar by highlighting the importance of compliance with the latest regulations and how complicated laws can be managed by financial institutions if the understanding of said laws is made imperative. After the brief introduction, Mihir Shah – Practicing Chartered Accountant, - [Contract Management - The Importance of Cross-Functional Collaboration](https://devsite.nexdigm.com/events/contract-management-the-importance-of-cross-functional-collaboration/) - The webinar addresses how to encourage the balance between the respective contracting wants and needs, of both, legal and business stakeholders. It talks about how cross-functional gaps result in revenue leakage, and ambiguity in contracting language, along with how cross-functional alignment can empower the business. The panelists talk about the growth journeys of their respective - [SEBI LODR Regulation and its Impact on Related Party Transactions](https://devsite.nexdigm.com/events/sebi-lodr-regulation-and-its-impact-on-related-party-transactions/) - Maulik Doshi - Deputy Managing Director, Transfer Pricing and International Tax, Nexdigm set the tone of the webinar by reminding the viewers how the Related Party Transactions (RPT) have been the crux of a lot of various controversies from various governments of different countries, and how companies can seek clarity for the same. Maulik goes - [UAE VAT - Current Scenario and the Way Ahead](https://devsite.nexdigm.com/events/uae-vat-current-scenario-and-the-way-ahead/) - Sanjay Chhabria, Director, Indirect Tax – Nexdigm, draws attention to the apprehensiveness within the industry due to any uncertain penalties being imposed. He adds that there are approximately 20 obvious penalties and a lot more that are hidden and subject to interpretation. He continues by addressing the key violations that are liable for penalties. Next, - [Role of Analytics in Finance & Accounts Function](https://devsite.nexdigm.com/events/role-of-analytics-in-finance-accounts-function/) - Marc Lessem - Senior Executive Director, Nexdigm, begins the webinar by talking about the changing role of the Finance and Accounts (F&A) function along with a brief of how they have evolved over the years. He then discusses the common challenges that the F&A teams face, how important it is to have a strong foundational - [5th Annual GST Summit and Awards](https://devsite.nexdigm.com/events/5th-annual-gst-summit-and-awards/) - Saket Patawari - Executive Director, Indirect Tax - Nexdigm, began his segment for the 5th Annual GST Summit and Awards with a presentation titled, The Nitty Gritty of Intermediaries - Services and Goods. Here, Saket first introduced the concept of an intermediary with a brief history by addressing the intermediary services pre and post-GST. The - [Recent Amendments in Tax affecting Pharma and FMCG companies](https://devsite.nexdigm.com/events/recent-amendments-in-tax-affecting-pharma-and-fmcg-companies/) - Maulik Doshi - Deputy Managing Director, Transfer Pricing and International Tax, Nexdigm begins the webinar by talking about the history of Section 37, which came into effect in April of 1967, along with a timeline of the amendments made to the same. After briefing the viewers about the history of Section 37, Maulik gives an - [5th Annual Direct Tax Summit and Awards 2022](https://devsite.nexdigm.com/events/5th-annual-direct-tax-summit-and-awards-2022/) - Maulik Doshi - Deputy Managing Director - Transfer Pricing and International Tax, Nexdigm, begins his segment by introducing the Pillar - I, what it aims to seek through its adoption, and its key elements. Maulik elucidates this with an example for allocation which entails the case of a multinational enterprise based in the USA, which - [ISACA Bangalore Chapter 2021 Annual Conference](https://devsite.nexdigm.com/events/isaca-bangalore-chapter-2021-annual-conference/) - The ISACA Bangalore Chapter 2021 webinar began with an overview of the different challenges that come with adapting to a cyber landscape. Ashok Prabhu - Chief Executive, Sales, Value Point System, and highlighted the importance of regularly monitoring one’s cyber risk position. Since this field is highly dynamic, no amount of cyber risk insurance would - [Departmental GST Audit, Investigation and Litigation](https://devsite.nexdigm.com/events/departmental-gst-audit-investigation-and-litigation/) - The introduction covered the reason for implementing the Goods & Services Tax (GST) in India. The key topics covered in this webinar are the verification process done by the Tax authorities, how the litigation gets translated, and how the verification moves into the litigation phase. After an overview of the Department GST Audit, Saket Patawari - [TDS & TCS - Easing Corporate India's Compliance Burden](https://devsite.nexdigm.com/events/tds-tcs-easing-corporate-indias-compliance-burden/) - The webinar began with the panelists discussing the fundamental reasoning behind introducing the means of TDS and TCS tax collection. Maulik Doshi - Senior Executive Director, Nexdigm began by giving a timeline of the recent inclusions where TDS and TCS apply, along with the benefits and challenges that companies and individuals face when complying with - [Key Takeaways of the US Cybersecurity Executive Order](https://devsite.nexdigm.com/events/key-takeaways-of-the-us-cybersecurity-executive-order/) - The webinar started off with a brief introduction of recent data breaches, the kinds of cyberattacks, causes, and methods of prevention that organizations can take. Supriya Anchan from Technology Advisory at Nexdigm talks about cyber security for individuals, organizations, and nations. The panelists touched upon the White House directive regarding Cyber Security and its relevance - [An Overview of FTA Audit, Penalties, and Recent Clarifications](https://devsite.nexdigm.com/events/an-overview-of-fta-audit-penalties-and-recent-clarifications/) - In this session, the Indirect Tax Experts capture an overview of different aspects of the FTA (Federal Tax Authority) Audit and deliver insights on the recent clarifications issued so that the taxpayers are better equipped and in compliance with the laws for the audit. Ankit Nagda – Manager, Indirect Tax, Nexdigm, highlights the key constituents - [Global Contract Management and Process Improvements](https://devsite.nexdigm.com/events/global-contract-management-and-process-improvements/) - In this webinar, we explore how contracting has changed over time due to the impacts of technology and globalization. We learn how a business gains an advantage across its business process improvements with international contract management services. How the world of contracting is shaping? "Market-leading companies with foresight have embraced technology to unify, simplify, and - [Can Technology Replace Professionals in Contracts Management](https://devsite.nexdigm.com/events/can-technology-replace-professionals-in-contracts-management/) - Alpana Shirgaonkar - Senior Executive Director, Business Process Management, Nexdigm, began the webinar by introducing the benefits that Legal Process Outsourcing (LPO) solutions in India, offer. After the introduction, the panel was asked to share their insights on how technology has enabled law firms to function more efficiently by cutting costs and saving time on - [Insights on Indian Union Budget 2022-23](https://devsite.nexdigm.com/events/insights-on-indian-union-budget-2022-23/) - An overview of the Budget-2022 Though the budget continues the past initiatives, it has also taken bold moves towards improving infrastructure. This includes aligning laws to increase demand and support manufacturing to meet the same. Key announcements include: Policies for energy transition ambitions with battery swapping, e-mobility, blended fuels, etc. Amendments to improve the efficiency - [8th Transfer Pricing Asia Summit 2021](https://devsite.nexdigm.com/events/8th-transfer-pricing-asia-summit-2021/) - In this webinar, we understand tax planning and study various strategies via transfer pricing. How can corporates save taxes? “The line of demarcation between tax planning, tax avoidance, tax evasion has always been very thin and fluctuating.” Maulik Doshi, Deputy Managing Director- Transfer Pricing and International Tax, Nexdigm Here’s how these three methods can be - [Unbundling India Budget 2022](https://devsite.nexdigm.com/events/unbundling-india-budget-2022/) - Analyzing reform announcements The Budget focuses its capital expenditure on the next phase of ease of doing business, renewable energy and Make in India. This includes: Realistic and conservative approach towards GDP growth pegged at 11.1% No huge difference in expenditure numbers A two-fold increase in CAPEX spending to focus on supply Most of the - [SOFTEX and Inward Remittances](https://devsite.nexdigm.com/events/softex-and-inward-remittances/) - This webinar is a masterclass on understanding the usage of SOFTEX for software exports, inward remittances and compliances. Maulik Doshi, Deputy Managing Director, Transfer Pricing and International Tax at Nexdigm, shared his insights on using technology in foreign remittance compliances. What is SOFTEX form? As mandated by FEMA (Foreign Exchange Management Act), exporters have to - [CYBER SECURITY LANDSCAPE: Opportunities in New Brunswick, Canada](https://devsite.nexdigm.com/events/cyber-security-landscape-opportunities-in-new-brunswick-canada/) - In this webinar, we understand the cybersecurity landscape and opportunities provided by the Canadian cybersecurity hub - New Brunswick. Advantages of doing business in New Brunswick New Brunswick is a province within Canada on the eastern coast that has grown as a city to provide a host of benefits like: Educated and skilled workforce An - [Decoding India's Union Budget 2022-23](https://devsite.nexdigm.com/events/decoding-union-budget-2022-23/) - In this webinar, we discuss key takeaways and implications from the Union Budget 2022-23 How has India fared in its economic indicators? “This budget is not populist. It hasn't tried to spend its way to play to the galleries and it has not been irresponsible by throwing money at the problem.” - Dr. Sachidanand Shukla, - [India's Post Budget Session on Service Exports](https://devsite.nexdigm.com/events/post-budget-session-on-service-exports/) - This webinar discusses the Budget-2022 across tax reliefs, clarifications, incentives, and amendments. It also explores how it affects the overall macroeconomics of India. Key policy announcements CAPEX expenditure is budgeted at INR 7.5 trillion in FY 2022-23. The fiscal deficit is projected at 6.9%, with 6.4% targeted for next year. The Finance Minister aims to - [India's Union Budget 2022](https://devsite.nexdigm.com/events/indias-union-budget-2022/) - This webinar covers the highlights of Union Budget 2022 and insights from the critical announcement. A snapshot of India’s economic indicators The GDP growth is estimated at 8-8.5% for FY 22-23, while Finance Minister Nirmala Sitharaman has stated a conservative 11.1% as the projected rate. An overall target to reduce fiscal deficit to 4-4.5% by - [Analyzing India's Budget 2022](https://devsite.nexdigm.com/events/analyzing-budget-2022/) - This webinar decodes the Indian Budget 2022 as presented by the honorable Finance Minister Nirmala Sitharaman. With this budget, the government has focused on nurturing infrastructure and the digital economy. Emphasis on the importance of private equity by placing support schemes for private investments More promotion of domestic manufacturing with PLI scheme to reduce China's - [Medical Devices Market in India](https://devsite.nexdigm.com/events/medical-devices-market-in-india/) - In this webinar by Indo American Chamber of Commerce (IACC), we explore the opportunities for global companies in the medical devices market in India. About India-USA relations Prime Minister of India Narendra Modi and President of the United States Joe Biden have struck a strategic partnership in healthcare for COVID-19 management. This includes: sharing the - [CII - Tax Conference 2021 (Western Region) | Day 1](https://devsite.nexdigm.com/events/cii-tax-conference-2021-western-region-day-1/) - In this webinar, we dive deeper into domestic taxation and cross-border taxation in terms of important provisions and recent developments across TDS/TCS, GST audit, digital tax, transfer pricing, compliances, and other development in the realm of global taxation. Latest provisions under TDS and TCS “Corporate India needs to gear up to ensure completeness, timeliness, and - [GCC Session 4 - Role of technology in virtual migration, transformation, and governance of a GCC](https://devsite.nexdigm.com/events/gcc-session-4-role-of-technology-in-virtual-migration-transformation-and-governance-of-a-gcc/) - In this webinar, we understand how GCCs have leveraged technology to help their teams with process migration, remote transformations, and governance efforts. You can view our first session of this series on what makes India a preferred destination for GCCs, the second session on various operating models and evolution for GCCs along with the cyber - [GCC Session 3 - Catalyze transformations and take advantage of multi-functional GCCs](https://devsite.nexdigm.com/events/gcc-session-3-catalyze-transformations-and-take-advantage-of-multi-functional-gccs/) - This webinar talks about utilizing multifunctional GCCs for an organization’s growth. You can view our first session of this series on what makes India a preferred destination for GCCs and the second session on various operating models and evolution for GCCs along with the cyber resilience framework. Transitioning from single to multifunctional GCCs “A GCC - [Perishables -The Value Chain in India](https://devsite.nexdigm.com/events/perishables-the-value-chain-in-india/) - In this webinar, we understand the impact of rapid urbanization and incremental growth in food consumption on the perishable food sector's capacity, infrastructure, and wastage. Overview of the food processing industry in India India's food consumption is expected to grow three times in the next five years, worth USD 1.5 trillion. This growth is attributed - [Evolution of Tax related transparency in GCC: Nitty-gritty and safeguards](https://devsite.nexdigm.com/events/evolution-of-tax-related-transparency-in-gcc-nitty-gritty-and-safeguards/) - In this webinar, the present tax-related transparency and requirements with GCC are evaluated and the future trends are discussed. The need for a Global Minimum Tax With 130 countries coming together to build a consensus for global minimum tax rates, tax-related transparency discussions are gaining importance among corporate circles. The recent OECD report on CbCR - [CII - Tax Conference 2021 (Western Region) | Day 2](https://devsite.nexdigm.com/events/cii-tax-conference-2021-western-region-day-2/) - This webinar covers recent developments in cross-border taxation, digital taxation, and international tax and how these changes will impact business activities across the globe. Recent developments in Digital Taxation and OIDAR Basic Erosion Profit Sharing (BEPS) is an initiative by the G20 countries and OCED to combat tax evasion efforts by defaulters due to rising - [GCC Session 2 - Key operating models and How to build Cyber-resilient GCC operations](https://devsite.nexdigm.com/events/gcc-session-2-key-operating-models-and-how-to-build-cyber-resilient-gcc-operations/) - This webinar discusses operating models for GCCs and how to build cyber resilience. You can view the webinar and summary for the first installment that covered why India is a hot destination for GCCs and how organizations can navigate setting up GCCs in India. Understanding GCC Life Cycle “Global capability centers (GCCs) have evolved from - [GCC Series 1 - GCCs in India: Enhanced resilience during the pandemic](https://devsite.nexdigm.com/events/gcc-series-1-gccs-in-india-enhanced-resilience-during-the-pandemic/) - This webinar covers the emergence of Global Capacity Centers (GCCs) with India as a preferred destination. We also discuss navigating GCCs in India to choose an ideal location, operating models, and how it has grown as a transformation hub using technology. How have GCCs performed during the pandemic? The global pandemic caused a mass hysteria - [Enabling Collaborative Development – Indo-German Deals in a Decade](https://devsite.nexdigm.com/events/enabling-collaborative-development-indo-german-deals-in-a-decade/) - In this webinar, we share insights and comments from industry leaders on the growing Indo-German cross-border transactions. It talks about potential deal trends to look out for and reason for the growth of investments between the two nations. How have the Indo-German M&A deals shaped? “India and Germany's economic relations date back as far as - [Analytics Driven Sales and Distribution Management – New Age Business](https://devsite.nexdigm.com/events/analytics-driven-sales-and-distribution-management-new-age-business/) - In this webinar, we discuss analytics and its role in sales and distribution management. Why use Analytics? From digital to brick and mortar stores, usage of analytics has provided insights that have helped businesses optimize customer experience, forecasting, etc. Disruption in distribution and working environment due to COVID has increased its importance. What are the - [Role of CFOs in New Digital Era](https://devsite.nexdigm.com/events/role-of-cfos-in-new-digital-era/) - With the introduction of technology, the finance function is changing quite dramatically in recent years and thus has the role of CFOs. In this light, ASSOCHAM organized a virtual panel discussion titled 'Role of CFOs in New Digital Era.' This webinar touched upon the finer aspects of the impact of digitization on the finance function - [CFO Series - Managing Liquidity through COVID-19](https://devsite.nexdigm.com/events/lorem-ipsum-is-simply-dummy-text-6/) - In this webinar, we discuss the importance of CFOs in minimizing the impact of the global pandemic on liquidity. What is the Impact of COVID on liquidity? “The key guiding principle during such times is transparently communicating the situation, however unpleasant, with employees, investors, customers, and partners” - Amit Gala, Chief Financial Officer | Mswipe - [Global Anti Bribery and Corruption](https://devsite.nexdigm.com/events/global-anti-bribery-and-corruption/) - In this webinar, we discuss the global anti-bribery and corruption landscape in current times across geographies. What is the current status of the Anti-Corruption Environment? “I think what we have to start thinking about now is not what happened before or during the pandemic but what will happen after the pandemic” - Brian Burke | - [Busting the Myth behind the Data Protection Law in the DIFC](https://devsite.nexdigm.com/events/lorem-ipsum-is-simply-dummy-text-6-2/) - The Data Protection Law in the DIFC is not a point in time compliance (like annual financial filings). One needs to adopt privacy by design to comply on a real-time every time. - [Mergers and Acquisitions in India - Tapping into Indo-Japanese Opportunities](https://devsite.nexdigm.com/events/mergers-and-acquisitions-in-india-tapping-into-indo-japanese-opportunities/) - In this webinar, we explore the best practices for increasing the probability of success of M&A in India, investment trends for Japanese companies, and the impact of the pandemic on deal-making. Indo-Japanese Investment trends Trends: FDI shows a growing trend with USD 470 billion invested due to increasing ease of doing business Japan is the - [Diversify to Differentiate Think India, Think Next! India: Favorable Global Manufacturing Destination](https://devsite.nexdigm.com/events/dtd-think-india-think-next-india-favorable-global-manufacturing-destination/) - In this webinar, we explore opportunities, policies, and incentives available to conduct and diversify business in India. Key drivers for India-Taiwan relations 160+ Taiwanese companies operating in India have formed the largest cluster in the Bangalore-Tamil Nadu-Andhra belt. Taiwan’s southbound policy: reduce Chinese dependency by increased cooperation across trade, technology, agriculture, etc with 18 nations - [Diversify to Differentiate – Think India, Think Next! - Success Showcase](https://devsite.nexdigm.com/events/dtd-think-india-think-next-success-showcase/) - This webinar covers advantages and key considerations, regulatory reforms, and incentive programs that have affected investing and FDI in India. Why invest in India? “Companies not only want to penetrate and invest in the Indian domestic market but also to export to regions like Bangladesh, Sri Lanka, etc. India offers various export incentives that make - [Integrating Technology for Improving Supply Chain](https://devsite.nexdigm.com/events/integrating-technology-for-improving-supply-chain/) - In this webinar, we understand the usage of technology in the supply chain, how it can improve business processes and revenues. “It’s not the businesses that compete with each other, it’s the supply chain that competes with each other.” Nexdigm What does the Supply Chain function include? From the start of the supply chain, the - [Unlocking the business value of your contracts with a well-defined contract management strategy](https://devsite.nexdigm.com/events/unlocking-the-business-value-of-your-contracts-with-a-well-defined-contract-management-strategy/) - In this webinar, we understand how we can unlock the business value of your contracts with a well-defined contract management strategy. Challenges in Contract Management For the past 5 years, especially due to COVID-19, organizations took external help for non-critical work for which they face the following challenges: Multiplied the number of contracts and agreements. - [Diversify to Differentiate Think India, Think Next! India: Key Economic Reforms & Production Linked Incentive (PLI) Schemes](https://devsite.nexdigm.com/events/diversify-to-differentiate-think-india-think-next-india-key-economic-reforms-production-linked-incentive-pli-schemes/) - In this webinar, various economic reforms introduced by the Government of India with an emphasis on Production Linked Incentives are discussed. What global trends have arisen due to pandemic? As COVID-19 has hit every country, some major resultant trends include: US and China are likely to achieve above pre-covid GDP as other nations catch up - [Diversify to Differentiate Think India, Think Next! India: India's Attractiveness and Opportunities – Food Processing Industry](https://devsite.nexdigm.com/events/diversify-to-differentiate-think-india-think-next-india-indias-attractiveness-and-opportunities-food-processing-industry/) - In this webinar, the on-ground realities, opportunities, and prospects of the food processing industry in India are discussed. What are the growth opportunities available in India? India is the 5th largest economy with a growing population of 1.3 billion. 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Historically viewed as conclusive proof for availing treaty benefits, - [Drug companies get more pricing freedom](https://devsite.nexdigm.com/inthenews/drug-companies-get-more-pricing-freedom/) - The government has amended the Drug Prices Control Order (DPCO) 2013, moving away from rigid uniform ceiling prices to allow premium pricing for advanced drug delivery formats, specialized packaging, and therapeutic modifications. Pharmaceutical companies will now be rewarded for using superior packaging solutions or tweaking dosage forms of their medicines if they can convince the - [India’s Global Trade - The Need For Value Added Export Incentivization](https://devsite.nexdigm.com/inthenews/indias-global-trade-the-need-for-value-added-export-incentivization/) - A widening gap between services and manufacturing highlights a deeper weakness in India’s global competitiveness. India's export sector has long been projected as one of the defining success stories of the past decade, marked by resilience, steady expansion, and an increasingly diversified export basket, with total exports reaching nearly $860 billion in FY 2025-26 despite - [Portal glitches put thousands of GST appeals at risk; experts seek deadline extension](https://devsite.nexdigm.com/inthenews/portal-glitches-put-thousands-of-gst-appeals-at-risk-experts-seek-deadline-extension/) - With the June 30 deadline for filing legacy appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) fast approaching, tax professionals, chartered accountants and industry bodies have urged the Finance Ministry to extend the filing window, warning that persistent technical glitches on the GSTAT portal could prevent thousands of taxpayers from filing their appeals - [Online Gaming Under GST: From Platform Fees to Full Face Value—The Supreme Court's New Rules of the Game](https://devsite.nexdigm.com/inthenews/online-gaming-under-gst-from-platform-fees-to-full-face-value-the-supreme-courts-new-rules-of-the-game/) - The long-running debate over whether online games involving stakes should be taxed as platform services or as betting and gambling has now been decisively addressed by the Supreme Court in Gameskraft Technologies Pvt. Ltd. v. Directorate General of GST Intelligence (DGGI) & Ors [TS-391-SC-2026-GST ]. The judgment significantly reshapes the legal and tax treatment of - [Inside 2-Day Trade Talks: India Wants Competitive Edge, Here's What US Seeks](https://devsite.nexdigm.com/inthenews/inside-2-day-trade-talks-india-wants-competitive-edge-heres-what-us-seeks/) - Commerce and Industry Minister Piyush Goyal has indicated that India and the United States are making steady progress towards a bilateral trade agreement after two days of high-level negotiations in New Delhi, even as both sides race against a crucial July deadline. Speaking after the discussions with a visiting US delegation led by US Trade - [India-New Zealand FTA, a modern trade partnership](https://devsite.nexdigm.com/inthenews/india-new-zealand-fta-a-modern-trade-partnership/) - For years, trade between India and New Zealand has been a relationship with untapped potential. The two economies have remained friendly partners, yet commercial engagement has never quite matched the opportunities available. Trade remains relatively modest. The bilateral merchandise trade stood at $1.3 billion (approximately) in FY 2024-25, of which India’s exports to New Zealand - [IBBI new norms to boost valuation of distressed firms](https://devsite.nexdigm.com/inthenews/ibbi-new-norms-to-boost-valuation-of-distressed-firms/) - Distressed companies undergoing insolvency proceedings could get higher valuations under a new mechanism proposed by the Insolvency and Bankruptcy Board of India (IBBI). According to a circular issued by the regulator, it will be mandatory for valuers to take into account “synergistic value” and intangible assets while estimating an entity’s worth. The norms also mark a - [Vedanta Demerger Tax Guide: How to Calculate Your Tax After Vedanta's 1-to-5 Demerger Split? Expert Decodes](https://devsite.nexdigm.com/inthenews/vedanta-demerger-tax-guide-how-to-calculate-your-tax-after-vedantas-1-to-5-demerger-split-expert-decodes/) - Vedanta Demerger Decoded: One of the biggest corporate restructuring in the Indian stock market history, Vedanta demerger completed in May. Since then, investors are eagerly waiting for listing details about Vedanta's demerged entities. Amid Vedanta demerger buzz, shares of the residual company bounced back sharply on Thursday, June 11. Vedanta stock closed in green today - [India–New Zealand FTA: A Strategic Trade Pact with Long-Term Economic Potential](https://devsite.nexdigm.com/inthenews/india-new-zealand-fta-a-strategic-trade-pact-with-long-term-economic-potential/) - For years, trade between India and New Zealand has been a relationship with untapped potential. The two economies have remained friendly partners, yet commercial engagement has never quite matched the opportunities available. The proposed India–New Zealand Free Trade Agreement (FTA) could change that equation. That is where the India–New Zealand agreement becomes particularly relevant. Trade - [Nexdigm and IntelloSync Partner to Deliver AI-Enabled Contract Management Solutions](https://devsite.nexdigm.com/inthenews/nexdigm-intellosync-partner-for-contract-management/) - Nexdigm partners with IntelloSync for AI-enabled contract management. Combining domain expertise with automation for governance, compliance & efficiency. - [China’s trade surplus is triggering global unease — and India could emerge a winner](https://devsite.nexdigm.com/inthenews/chinas-trade-surplus-is-triggering-global-unease-and-india-could-emerge-a-winner/) - China’s record trade surplus and relentless export surge are increasingly unsettling governments and manufacturers across the world, triggering a broader rethink of supply-chain dependence on Beijing — a shift that could create a rare long-term manufacturing opportunity for India. The issue came into sharper focus this week at the Asia-Pacific Economic Cooperation (APEC) trade ministers’ - [Taxation of Corporate Guarantees under GST - Light At The End Of The Tunnel?](https://devsite.nexdigm.com/inthenews/taxation-of-corporate-guarantees-under-gst-light-at-the-end-of-the-tunnel/) - The taxation of corporate guarantees, under Indian Indirect tax regimes, has travelled through a long and contested path. What began as a mere conceptual debate under the service tax regime has, under GST, evolved into a complex interplay between statutory provisions, valuation rules, circulars and judicial interpretation. The recent decision of the Bombay High Court - [Up to 30% of procurement value lost before impact: New insights highlight gaps in healthcare and pharma](https://devsite.nexdigm.com/inthenews/up-to-30-of-procurement-value-lost-before-impact-new-insights-highlight-gaps-in-healthcare-and-pharma/) - A growing gap between negotiated savings and realized value is emerging as a critical concern in healthcare and pharmaceutical procurement. According to industry observations 20–30% of contracted value is lost before it reaches the bottom line, indicating a deeper operational inefficiency beyond sourcing. Most procurement leaders in healthcare and pharma know their savings figures, but - [How Artificial Intelligence Is Transforming Contract Lifecycle Management?](https://devsite.nexdigm.com/inthenews/how-artificial-intelligence-is-transforming-contract-lifecycle-management/) - Emerging technologies such as Generative AI, Agentic AI, and Blockchain are reshaping the future of Contract Lifecycle Management (CLM) by enabling contracts to become increasingly self-monitoring and self-managing. For many organizations, contracts represent both a legal safeguard and a commercial asset. Yet contract management often remains fragmented across departments and systems, resulting in delayed negotiations, - [From Turbulence to Trade Flow - CBIC’s Relief Framework for SEZ Exporters Facing Strait of Hormuz Disruptions](https://devsite.nexdigm.com/inthenews/from-turbulence-to-trade-flow-cbics-relief-framework-for-sez-exporters-facing-strait-of-hormuz-disruptions/) - Global trade continues to be impacted by geopolitical tensions and intermittent disruptions across key maritime corridors. Among these, the Strait of Hormuz remains one of the most sensitive chokepoints for international shipping, with disruptions in this route often resulting in delays, rerouting, and congestion across global logistics networks. In the Indian context, such developments have - [Mayank Lakhani in conversation with Indo-French Chamber of Commerce](https://devsite.nexdigm.com/inthenews/mayank-lakhani-in-conversation-with-indo-french-chamber-of-commerce/) - Mayank highlights strong Indo-French momentum, with significant untapped potential for Indian expansion into France and Europe. Nexdigm is prepared to bridge this gap through a client-centric, single-desk approach, backed by agile, entrepreneurial leadership that enables swift response to global uncertainties. He views the Indo-French Year of Innovation as a catalyst for deeper collaboration in R&D, - [Are Pharma and Medical Device companies rewarding shipments instead of consumption?](https://devsite.nexdigm.com/inthenews/are-pharma-and-medical-device-companies-rewarding-shipments-instead-of-consumption/) - Across industries, inventory is often viewed as a sign of preparedness. Manufacturers produce in anticipation of demand, distributors maintain stock to ensure availability, and retailers build buffers to avoid shortages. However, these buffers can also lead to inventory that remains unused, outdated, or eventually discarded. - [Old vs New Income Tax Act: Which rules will apply for ITR filing in 2026?](https://devsite.nexdigm.com/inthenews/old-vs-new-income-tax-act-which-rules-will-apply-for-itr-filing-in-2026/) - As India prepares to transition to a new direct tax framework, many taxpayers are understandably confused about which law will apply when they file their Income Tax Return (ITR) this year. With the proposed Income-tax Act, 2025 set to come into force from April 1, 2026, the key question is: will your next ITR be filed under - [How FDI can transform India’s gold and jewellery export ecosystem](https://devsite.nexdigm.com/inthenews/how-fdi-can-transform-indias-gold-and-jewellery-export-ecosystem/) - India’s gold and jewellery sector is a storied titan—employing over 4.6 million artisans and contributing nearly 7 per cent to total merchandise exports. Yet, despite this cultural legacy, India’s share in the global fine jewellery market remains modest relative to its craftsmanship depth. The missing catalyst is sustained, strategic Foreign Direct Investment (FDI). FDI in - [Predictive Procurement and Supply Risk Forecasting: The Future of Resilience](https://devsite.nexdigm.com/inthenews/predictive-procurement-and-supply-risk-forecasting-the-future-of-resilience/) - Modern supply chains operate within highly interconnected global networks, making them increasingly complex and interdependent. While this interconnectedness improves efficiency and market reach, it also exposes organizations to a broader range of supply risks. According to Arjit Agarwal, a strategy and transformation leader, predictive procurement and supply risk forecasting are no longer optional—they are critical - [Procurement lessons from India’s Pharma Sector](https://devsite.nexdigm.com/inthenews/procurement-lessons-from-indias-pharma-sector/) - India’s pharma industry has traditionally been known as the ‘pharmacy of the world,’ exporting cheap generics and vaccines to the world. However, over the last few years, a sequence of disruptions ranging from border shutdowns and raw material supply disruptions to geopolitical tensions and logistics congestion have put the endurance of pharma supply chains to - [Nexdigm enhances capabilities in Professional Services with the addition of Bimal Tanna](https://devsite.nexdigm.com/inthenews/nexdigm-enhances-capabilities-in-professional-services-with-the-addition-of-bimal-tanna/) - Nexdigm strengthens its professional services leadership with the appointment of Bimal Tanna as Senior Global Business Advisor, supporting strategic growth and advisory capabilities. - [Nexdigm Enters the Next Paradigm of its Growth](https://devsite.nexdigm.com/inthenews/nexdigm-enters-the-next-paradigm-of-its-growth/) - Nexdigm announces leadership transition with Ramesh Bangera as Chairperson, marking the next phase of global growth and continued business transformation. - [Nexdigm named again in Everest Group’s Global PEAK Matrix, this time for Finance and Accounting Outsourcing (FAO) 2022](https://devsite.nexdigm.com/inthenews/nexdigm-named-again-in-everest-groups-global-peak-matrix-this-time-for-finance-and-accounting-outsourcing-fao-2022/) - Nexdigm recognized in Everest Group’s PEAK Matrix for Finance and Accounting Outsourcing, highlighting its end-to-end F&A capabilities. - [A Sectoral Take on Union Budget 2026: The Indirect Tax Story](https://devsite.nexdigm.com/inthenews/a-sectoral-take-on-union-budget-2026-the-indirect-tax-story/) - Analysis of Union Budget 2026 focusing on indirect tax changes, sectoral impact, and policy measures aimed at strengthening India’s economic growth and productivity. - [Zero Duty, Maximum Energy: Why Budget 2026 Is a Win for Renewables](https://devsite.nexdigm.com/inthenews/zero-duty-maximum-energy-why-budget-2026-is-a-win-for-renewables/) - Learn how Union Budget 2026 customs duty changes support India’s renewable energy sector and accelerate the transition toward sustainable energy and clean power. - [Has the Hydra of Post Sale Discounts Under GST Finally Been Subdued?](https://devsite.nexdigm.com/inthenews/has-the-hydra-of-post-sale-discounts-under-gst-finally-been-subdued/) - Budget 2026 introduces GST amendments simplifying post-sale discount compliance and addressing long-standing challenges faced by businesses across sectors. - [Nexdigm Named in ISG Provider Lens™ for Procurement BPO and Transformation Services](https://devsite.nexdigm.com/inthenews/nexdigm-named-in-isg-provider-lens-for-procurement-bpo-and-transformation-services/) - Nexdigm recognized in the ISG Provider Lens report for Procurement BPO and transformation services, highlighting its expertise in procurement operations and global delivery capabilities. - [Tailoring Customs to Global Trade: Budget 2026 Reforms for Textile, Leather and Footwear](https://devsite.nexdigm.com/inthenews/tailoring-customs-to-global-trade-budget-2026-reforms-for-textile-leather-and-footwear/) - India’s Union Budget 2026 introduces targeted customs reforms for textile, leather, and footwear sectors aimed at improving export competitiveness and strengthening global trade. - [Minimum Alternate Tax (MAT) Amendments in Union Budget 2026 – A Critical Analysis](https://devsite.nexdigm.com/inthenews/minimum-alternate-tax-mat-amendments-in-union-budget-2026-a-critical-analysis/) - Background of MAT Provisions Minimum Alternate Tax (MAT)[1] has worked as a minimum tax protection in India’s corporate tax system. It ensured that companies with substantial book profits pay a minimum level of tax, even if their taxable income under normal provisions is reduced due to deductions, exemptions, or incentives. Under the existing framework: MAT - [Missed Foreign Disclosures? Voluntary Disclosure Open in 2026](https://devsite.nexdigm.com/inthenews/missed-foreign-disclosures-voluntary-disclosure-open-in-2026/) - In 2024 and 2025, the Income tax Department had initiated a widespread campaign commonly known as the NUDGE initiative targeting taxpayers with unreported foreign assets encouraging voluntary disclosures before the last date of filing belated / revised income tax returns. This was a targeted exercise carried based on data received under the Automatic Exchange of - [Budget 2026 : Transfer Pricing Dispute Resolution Timelines](https://devsite.nexdigm.com/inthenews/budget-2026-transfer-pricing-dispute-resolution-timelines/) - The time barring of the transfer pricing and non-resident assessment cases has emerged as a contentious topic in the Indian dispute resolution regime (popularly known as Roca Bathroom[1] or Shelf Drilling[2] case). The two-member bench of Supreme Court had delivered a split verdict and referred the matter to a larger bench. While the matter may - [Budget 2026: Assessment Procedures and Penalty – Bringing About Confidence and Certainty](https://devsite.nexdigm.com/inthenews/budget-2026-assessment-procedures-and-penalty-bringing-about-confidence-and-certainty/) - The Union Budget 2026 marks a decisive step towards restructuring India’s tax administration framework by addressing long-standing concerns related to assessments, penalties, appeals, and immunity provisions. Over the years, the income-tax system has been criticised for excessive litigation, procedural rigidity, and a punitive approach even for minor or technical defaults. Recognising these issues, the Budget - [Income Tax Slabs 2026 Highlights: No Change In Personal Income Tax Slabs, TDS Rationalisation & Relaxation In Tax Filing](https://devsite.nexdigm.com/inthenews/income-tax-slabs-2026-highlights-no-change-in-personal-income-tax-slabs-tds-rationalisation-relaxation-in-tax-filing/) - Income Tax Slabs, Rates Announcment Budget 2026-27 Highlights: The Union Budget 2026 carried no major changes for taxpayers and the middle class. While Finance Minister Nirmala Sitharaman announced new measures to ease taxation rules for taxpayers, there were no changes in Income Tax slabs under the New Regime or the Old Tax Regime. Presenting her - [Budget 2026: Minimum Alternate Tax to be final tax from April 1, rate cut to 14%; NRIs exempt](https://devsite.nexdigm.com/inthenews/budget-2026-minimum-alternate-tax-to-be-final-tax-from-april-1-rate-cut-to-14-nris-exempt/) - In a key change to the Minimum Alternate Tax (MAT) regime, the Union Budget 2026 has proposed to make MAT a final tax from April 1, 2026, while also reducing the applicable rate. As part of the Budget announcements, the finance minister stated that MAT will no longer allow carry-forward or utilisation of MAT credit - [Income tax slabs | Union Budget 2026-27 highlights: Key tax reforms you need to know](https://devsite.nexdigm.com/inthenews/income-tax-slabs-union-budget-2026-27-highlights-key-tax-reforms-you-need-to-know/) - Income tax slabs | Union Budget 2026-27 LIVE: In Budget 2026, the government announced a series of measures aimed at simplifying tax compliance, easing cash-flow pressures, and providing relief to both resident and non-resident taxpayers. Individual Persons Resident Outside India (PROIs) can now invest directly in listed Indian companies through the Portfolio Investment Scheme (PIS). - [MAT made final tax from April 2026: What does that mean under Union Budget 2026 tax overhaul](https://devsite.nexdigm.com/inthenews/mat-made-final-tax-from-april-2026-what-does-that-mean-under-union-budget-2026-tax-overhaul/) - Under the proposed changes, companies paying MAT will no longer be allowed to carry forward or utilise MAT credit beyond April 1, 2026. Until now, firms that paid MAT, typically due to exemptions or incentives lowering their regular tax liability, could carry forward the excess tax paid and set it off against future regular tax - [Nil deduction certificate for small taxpayers, announced in Budget 2026](https://devsite.nexdigm.com/inthenews/nil-deduction-certificate-for-small-taxpayers-announced-in-budget-2026/) - Finance Minister Nirmala Sitharaman during her Budget 2025 speech today (Sunday, February 1, 2026) announced a scheme where small taxpayers will be issued a nil-deduction certificate by through a rule-based automated process by the Income Tax Department. "I propose a scheme for small taxpayers wherein a rule-based automated process will enable obtaining a lower or - [Did NPS subscriber get tax deduction on additional 20% contribution (from 60% to 80%)?](https://devsite.nexdigm.com/inthenews/did-nps-subscriber-get-tax-deduction-on-additional-20-contribution-from-60-to-80/) - Finance Minister Nirmala Sitharaman in her Budget 2026 speech today (Sunday, February 1, 2026) did not increase the tax-free National Pension System (NPS) lump sum withdrawal limit for non-government subscribers from 60% to 80%. After Pension Fund Regulatory and Development Authority (PFRDA) increased the NPS lump sum withdrawal limit for non-government subscribers from 60% to - [8th Pay Commission for state government employees: How much time can states take to implement 8th CPC recommendations?](https://devsite.nexdigm.com/inthenews/8th-pay-commission-for-state-government-employees-how-much-time-can-states-take-to-implement-8th-cpc-recommendations/) - When a central pay commission’s recommendations are implemented, central government employees are the first to get its benefits. States also follow Centre to implement recommendations. In some cases, states also form their own pay commissions, like the Assam government formed early this month. Do states implement pay commission recommendations the same day as Centre does? - [AI‑Driven Supplier Risk Management: Banking Sector in India](https://devsite.nexdigm.com/inthenews/ai‑driven-supplier-risk-management-banking-sector-in-india/) - In India’s fast-evolving banking ecosystem, supplier management has grown far beyond compliance checklists and documentation. Today, it touches every aspect of operational stability and customer confidence. From cloud providers and IT vendors to specialized service partners, every external relationship plays a role in maintaining business continuity, cybersecurity, and trust. With the introduction of the RBI’s - [Customs clean-up next: How India plans to simplify duties and cut costs](https://devsite.nexdigm.com/inthenews/customs-clean-up-next-how-india-plans-to-simplify-duties-and-cut-costs/) - New Delhi: Indian businesses and the country’s trading partners alike have flagged the need for a simpler customs duty framework. The global supply-chain disruptions and US tariffs have further amplified the need to review the regime. Finance minister Nirmala Sitharaman has called it the next “clean-up" exercise after the income tax and goods and services - [2-day full and final settlement post employee’s resignation now mandatory under Labour Codes — What it means for employers](https://devsite.nexdigm.com/inthenews/2-day-full-and-final-settlement-post-employees-resignation-now-mandatory-under-labour-codes-what-it-means-for-employers/) - India’s new Labour Codes mandate that employers must complete full and final settlement within two working days of an employee’s exit. Experts explain how the Code on Wages changes long-standing norms, what challenges companies may face, and how HR systems must evolve to meet compliance. India’s long-awaited Labour Codes, formally notified and now in the - [Will DA, HRA, TA and other allowances continue to rise till 8th Pay Commission recommendations come into effect?](https://devsite.nexdigm.com/inthenews/will-da-hra-ta-and-other-allowances-continue-to-rise-till-8th-pay-commission-recommendations-come-into-effect/) - The last dearness allowance (DA) of the year has been announced, and the DA now stands at 58% of basic salary, applicable from July 1, 2025. However, the government has also formed the 8th Pay Commission and approved its Terms of Reference (ToR), providing the commission an 18-month deadline to submit its recommendations about revised - [8th Pay Commission salary hike: The likely fitment factor under 8th CPC and how much will be your actual gain?](https://devsite.nexdigm.com/inthenews/8th-pay-commission-salary-hike-the-likely-fitment-factor-under-8th-cpc-and-how-much-will-be-your-actual-gain/) - Ever since the central government announced terms of reference and appointed the chairman and members of the 8th CPC early in November, employees and pensioners have been keen to know about their payout rise. The increase will be decided on the basis of the fitment factor, which is a multiplier for the pension and pay - [8th Pay Commission salary, pension hike: When will govt employees receive 8th CPC payments?](https://devsite.nexdigm.com/inthenews/8th-pay-commission-salary-pension-hike-when-will-govt-employees-receive-8th-cpc-payments/) - In early November 2025, the central government set up the 8th Pay Commission and gave the green light to its Terms of Reference (TOR), which will serve as the main guideline for crafting the recommendations. Now countless employees and pensioners are eagerly awaiting the submission of the pay commission’s report and the government’s approval. So, - [Blockchain-based procurement traceability in India for food safety](https://devsite.nexdigm.com/inthenews/blockchain-based-procurement-traceability-in-india-for-food-safety/) - Every morning, millions of families across India sit down to meals that have traveled hundreds, sometimes thousands, of kilometers from farms to processors to markets. For big food companies like PepsiCo, Nestlé, or Amul, this journey is carefully tracked using ERP systems, automated quality checks, and internal audits. Yet even these robust systems face a - [From Cost To Conscience: Procurement’s New Role In FMCG](https://devsite.nexdigm.com/inthenews/from-cost-to-conscience-procurements-new-role-in-fmcg/) - In India’s fast-moving consumer goods (FMCG) industry, sustainability has shifted from being a buzzword to becoming a business priority. Regulators are tightening norms, consumers are more vocal about eco-friendly choices, and investors are asking tougher ESG questions. Procurement, once measured mainly on cost and delivery, is now at the center of this transformation. From greener - [Simplified GST Registration to boost compliance, ease of doing business; experts flag low cap, tough exit](https://devsite.nexdigm.com/inthenews/simplified-gst-registration-to-boost-compliance-ease-of-doing-business-experts-flag-low-cap-tough-exit/) - The government has rolled out a Simplified Goods and Services Tax (GST) Registration Scheme under Rule 14A of the Central Goods and Services Tax (CGST) Rules, 2017, aimed at easing compliance for small taxpayers and promoting trust-based registration According to a GSTN advisory issued on November 1, 2025, taxpayers with a monthly output tax liability - [8th Pay Commission Pension Calculator: How The Hike Is Calculated, Expected Increase Explained](https://devsite.nexdigm.com/inthenews/8th-pay-commission-pension-calculator-how-the-hike-is-calculated-expected-increase-explained/) - 8th Pay Commission Pension: Centre announces Terms of Reference for 8th Pay Commission, report due in 18 months. Pensioners may see hikes with fitment factor. After a long wait, the Centre has finally given a reason to cheer to its employees and pensioners by announcing the Terms of Reference (ToR) for the 8th Pay Commission, - [8th Pay Commission: What central government employees and pensioners can expect for salaries, pension](https://devsite.nexdigm.com/inthenews/8th-pay-commission-what-central-government-employees-and-pensioners-can-expect-for-salaries-pension/) - According to Ramachandran Krishnamoorthy, Director – Payroll Services at Nexdigm, the 8th CPC could double basic salaries and pensions if a fitment factor of 2.0 is implemented. Millions of central government employees and pensioners may finally have a reason to cheer. The government has approved the Terms of Reference (ToR) and finalised the names of - [8th pay commission pension calculator: your Rs 25000 pension could double to Rs 50000! Check new amount with fitment factor](https://devsite.nexdigm.com/inthenews/8th-pay-commission-pension-calculator-your-rs-25000-pension-could-double-to-rs-50000-check-new-amount-with-fitment-factor/) - 8th Pay Commission Pension Calculator: When we talk about a pay commission, the main focus usually is on central government employees since they play a crucial role in executing government policies nationwide. There is a lot of chatter about how their basic pay and various other allowances will be raised. However, discussions about pensioners don't - [8th Pay Commission salary calculator: How is salary of govt employees calculated, and what is fitment factor?](https://devsite.nexdigm.com/inthenews/8th-pay-commission-salary-calculator-how-is-salary-of-govt-employees-calculated-and-what-is-fitment-factor/) - The central government has given the green light to the terms of reference (TOR) for the 8th Pay Commission. They have also named Justice Ranjana Prakash Desai, a former Supreme Court judge, as the chairperson of the Commission. The commission will now start preparing its report and will submit it in the next 18 months. - [GST Annual Return Filing For FY25 Enabled: New Rules, Turnover Limits, And Compliance Tips](https://devsite.nexdigm.com/inthenews/gst-annual-return-filing-for-fy25-enabled-new-rules-turnover-limits-and-compliance-tips/) - The GST portal has enabled filing of the GSTR-9 annual return and GSTR-9C reconciliation statement for FY 2024-25. The GSTR-9 is an annual return that taxpayers registered under GST must file once every financial year. It provides a summary of all monthly or quarterly GST returns filed during the year, including details of outward and - [Empowering category managers: The strategic role of procurement support](https://devsite.nexdigm.com/inthenews/empowering-category-managers-the-strategic-role-of-procurement-support/) - In a rapidly shifting global supply landscape, category managers carry the heavy responsibility of balancing costs, managing supplier risks, advancing sustainability, and meeting stakeholder expectations, often all at once. Yet, while they are expected to deliver strategic value, their days are frequently consumed by operational tasks: chasing supplier data, reconciling price fluctuations, or navigating compliance - [Who Wins Big In The India-UK Trade Pact](https://devsite.nexdigm.com/inthenews/who-wins-big-in-the-india-uk-trade-pact/) - India’s textiles and apparel exports represent a meaningful portion of the country's exports; textiles have historically been one of the top non-petroleum merchandise export categories The India–UK Comprehensive Economic and Trade Agreement (CETA) is more than just a trade pact; it is a game-changer for Indian exporters. With steep tariff cuts, improved market access, and - [Global sourcing & Singapore’s electronics industry: From cost to resilience](https://devsite.nexdigm.com/inthenews/global-sourcing-singapores-electronics-industry-from-cost-to-resilience/) - Global sourcing in Singapore’s electronics industry has evolved from a cost-saving tactic strategic imperative for resilience. Amid trade wars, tariff shifts, and supply chain disrupti procurement now drives competitiveness by managing geopolitical risks and diversifying supplier bases. With India and Southeast Asia rising as viable alternatives, companies mu act swiftly to build agile, shock-resistant supply - [Global Capability Centres Trends: Strategic Progression & Workforce Management](https://devsite.nexdigm.com/inthenews/global-capability-centres-trends-strategic-progression-workforce-management/) - In a world where innovation decides market leaders, Global Capability Centres (GCCs) have quietly become the powerhouse behind transformation for global enterprises. No longer just about operational efficiency, today’s GCCs are setting the pace in AI, automation, digital strategy, and cutting-edge research. India, with its unparalleled talent base and thriving tech ecosystem, stands at the - [Upcoming GST reforms will ensure open, transparent economy: FM Sitharaman ahead of GST council meet](https://devsite.nexdigm.com/inthenews/upcoming-gst-reforms-will-ensure-open-transparent-economy-fm-sitharaman-ahead-of-gst-council-meet/) - The GST Council is expected to deliberate on India’s next-generation GST reforms, including rationalisation of tax rates, simplification of compliance, and structural corrections, ahead of an October rollout. Union Finance Minister Nirmala Sitharaman-led GST Council is set to hold a crucial two-day meeting in New Delhi from 3–4 September 2025. The Council is expected to - [GSTAT’s first anti-profiteering ruling expands probe scope, rejects cost-based defences; hospitality, retail on notice](https://devsite.nexdigm.com/inthenews/gstats-first-anti-profiteering-ruling-expands-probe-scope-rejects-cost-based-defences-hospitality-retail-on-notice/) - The Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) has delivered its first ever anti-profiteering verdict, upholding the recovery of Rs 5.47 lakh with 18% interest from a restaurant franchise for failing to pass on a GST rate cut from 18% to 5% in November 2017. The ruling in DGAP vs Urban - [IBC tweak to check PMLA clash likely](https://devsite.nexdigm.com/inthenews/ibc-tweak-to-check-pmla-clash-likely/) - To uphold the IBC’s objective and ensure legal clarity, it is essential to amend Section 32A, reinforcing its supremacy over conflicting statutes such as the PMLA during the bankruptcy resolution process. - [PHDCCI Optimistic On Economy But RBI, Experts Flag Tariff Risks](https://devsite.nexdigm.com/inthenews/phdcci-optimistic-on-economy-but-rbi-experts-flag-tariff-risks/) - India is poised to remain the world’s fastest-growing major economy in 2025, even as rising US tariffs test the resilience of its exports, according to a white paper by the PHD Chamber of Commerce and Industry (PHDCCI). On Monday, US President Donald Trump threatened to “substantially raise” tariffs on India over its oil trade with - [Lok Sabha Elections 2024 : Need for GST reforms to cater MSMEs](https://devsite.nexdigm.com/inthenews/lok-sabha-elections-2024-need-for-gst-reforms-to-cater-msmes/) - The Goods and Services Tax (GST) regime, a pivotal reform in the nation’s taxation structure, has evolved over the last seven years. Nonetheless, there still lies some room for tailored adjustments in the GST legislation to accommodate the distinctive circumstances encountered by the industry, specifically the micro, small, and medium enterprises (MSMEs). Here, it may - [India’s Macro Economic Outlook: A CFO's Viewpoint](https://devsite.nexdigm.com/inthenews/indias-macro-economic-outlook-a-cfos-viewpoint/) - The year 2024 could be an unpredictable year for the Indian economy. Being an election year, the re-election of the current government would provide a further push to the populist decision to advance the economic growth of the country and move towards the vision of a 5 trillion-dollar economy by 2027-28. On the other hand, - [Explained: Why Rule 31B is triggering fresh GST heat on online gaming firms](https://devsite.nexdigm.com/inthenews/explained-why-rule-31b-is-triggering-fresh-gst-heat-on-online-gaming-firms/) - Brought in 2023 on the recommendation of the GST Council, Rule 31B of the CGST Rules states that in the case of online gaming, the “value of supply” shall be the amount paid or deposited with the gaming service provider. In simple terms, this means that tax should be calculated on the total amount a - [Improve Spend Visibility in Source-to-Pay: Unlock Strategic Procurement Success](https://devsite.nexdigm.com/inthenews/improve-spend-visibility-in-source-to-pay-unlock-strategic-procurement-success/) - In today’s inflationary world and fragmented supply chains, organizations cannot afford to fly blind when it comes to procurement spending. Increased transparency of the entire Source-to-Pay (S2P) process is essential for successful procurement operations. But spend visibility isn’t only tracking costs — it’s about empowering leaders to drive efficiency, mitigate risk, and capture value beyond - [Technology Intervention in End-To-End Invoice Processing](https://devsite.nexdigm.com/inthenews/technology-intervention-in-end-to-end-invoice-processing/) - Invoice processing has always been a significant burden on companies. Not only from the perspective of manual labor, but also to actively avoid and ensure any payment leakages. Over the years, various technologies have been introduced to reduce the manual labor but primarily targeted towards large volume processing. This article explores a modular approach in - [Evolving contract management from paper trails to digital smart](https://devsite.nexdigm.com/inthenews/evolving-contract-management-from-paper-trails-to-digital-smart/) - For years, the legal function has relied on deep expertise, institutional knowledge, and manual effort. However, as contract volumes grow and deal cycles tighten, that traditional approach is no longer sustainable. Contract Lifecycle Management (CLM) platforms and the AI technologies embedded within them are reshaping how legal and business teams operate. - [Fit-to-Size Technology Solutions for Digital Transformation in Finance and Accounting for Mid-Size Companies](https://devsite.nexdigm.com/inthenews/fit-to-size-technology-solutions-for-digital-transformation-in-finance-and-accounting-for-mid-size-companies/) - CFOs today frequently face questions about digital transformation. Digital transformation in finance and accounting offers mid-size companies the promise of enhanced efficiency, accuracy, and strategic decision-making. However, to truly reap these benefits, the implementation of technology solutions must be meticulously planned and tailored to the organization’s specific needs. This article investigates the essential components of - [From Samsung to Volkswagen: Call for customs reforms grow as classification disputes mount](https://devsite.nexdigm.com/inthenews/from-samsung-to-volkswagen-call-for-customs-reforms-grow-as-classification-disputes-mount/) - When companies try to classify their imports, they resort to General Rules of interpretation like 'more specific description would prevail over general description’ or ‘essential character test’ or alternatively classified under the heading which occurs last in numerical order. ' But when seemingly more valid HSN codes can apply to the same product, all with - [Transforming contract management through outsourcing](https://devsite.nexdigm.com/inthenews/transforming-contract-management-through-outsourcing/) - Ensuring business continuity is essential for any organization. Contracting plays a significant role in business continuity, and more companies are exploring transformative strategies in this area. One key component of such a strategy is outsourcing contract management to service providers who can utilize specialized expertise and the latest technologies available in the market. This article - [Strengthening guest trust: How cybersecurity is shaping the future of hospitality](https://devsite.nexdigm.com/inthenews/strengthening-guest-trust-how-cybersecurity-is-shaping-the-future-of-hospitality/) - The article Strengthening Guest Trust: How Cybersecurity is Shaping the Future of Hospitality by Krishnanand Bhat discusses the critical role of cybersecurity in the hospitality industry. It emphasizes that hotels and related businesses are prime targets for cyber-attacks due to the vast amounts of personal and financial data they handle. Krishnanand Bhatt, through this article, - [UAE Tax considerations for family foundation structures](https://devsite.nexdigm.com/inthenews/uae-tax-considerations-for-family-foundation-structures/) - In UAE, Family Foundations have grown (in number) to become an integral part of the UAE's wealth management offering. A foundation, in principle, is a type of structure with a legal personality. A family foundation provides both non-residents and Emiratis, an attractive solution to manage their wealth, protect their assets, and make succession planning arrangements. - [Cybersecurity in Hospitality: How to protect your guests from digital intruders](https://devsite.nexdigm.com/inthenews/cybersecurity-in-hospitality-2/) - In a recent article featured by Hotelier India, Krishnanand Bhat, emphasizes the critical importance of cybersecurity in the hospitality industry. He outlines how implementing robust security measures is essential for preventing financial and reputational losses, and protecting your guests from digital intruders. - [Cybersecurity in Hospitality: Protection Guaranteed!](https://devsite.nexdigm.com/inthenews/cybersecurity-in-hospitality/) - Hotels deploy incident response teams, conduct forensic analysis, and reinforce security measures. Regular training, back-ups, and collaboration with cybersecurity experts help mitigate and prevent such incidents, ensuring guest data and operations remain secure. Additionally, advanced cybersecurity measures, cloud computing, loT devices, Al for personalized services, and contactless payment systems are widely utilized. These technologies enhance - [Union Budget 2024: FM reacts to opposition's criticism; asserts 'no discrimination' in State fund allocation](https://devsite.nexdigm.com/inthenews/union-budget-2024-fm-reacts-to-oppositions-criticism-asserts-no-discrimination-in-state-fund-allocation/) - Major reforms in Indian Shipping industry announced with focus of overhauling the regulatory and flagging framework for generating local employment. Shipping industry players could be required to revisit their operational models with changes in ship flagging framework. E-commerce export hubs, a model proposed in the FTP 2023, is seen gaining momentum in this budget. Typical - [Green supply chain management: A sustainable future for industries](https://devsite.nexdigm.com/inthenews/green-supply-chain-management-a-sustainable-future-for-industries/) - In this article, we will explore the evolution of GSCM, industries adopting it, future trends, and the compelling reasons behind its growing importance. In recent years, there has been a growing emphasis on sustainable business practices, and one key aspect that has gained significant attention is green supply chain management (GSCM). This evolving approach focuses - [Climate-proofing business: Strategies for success](https://devsite.nexdigm.com/inthenews/climate-proofing-business-strategies-for-success/) - Within boardrooms and executive suites, a growing realisation is taking hold – the changing climate has become an undeniable factor shaping the corporate landscape. It’s estimated that $125 trillion of investment is needed by 2050 to meet net zero emissions. This recognition underscores the pressing need to elevate corporate climate resilience as a core business - [Medtech industry: Glimpse to the future](https://devsite.nexdigm.com/inthenews/medtech-industry-glimpse-to-the-future/) - Dr Nimish Shah, Vice President-North America Sale and Marketing, Nexdigm highlights that the medtech industry in India is at an inflection point, witnessing rapid growth driven by technological advancements. Artificial Intelligence (AI), Machine Learning (ML), Internet of Medical Things (IoMT), etc., are no longer niche but are now part of the regular course of business. - [Complexity of GST framework - how companies can avoid fraud](https://devsite.nexdigm.com/inthenews/complexity-of-gst-framework-how-companies-can-avoid-fraud/) - The Goods and Services Tax (GST) was implemented with the primary aim of simplifying the taxation system. However, despite concerted efforts by authorities to achieve this goal, the GST framework remains inherently complex. This complexity not only poses challenges for taxpayers but also creates loopholes that can be exploited by fraudulent entities, leading to significant - [Revamping Indian Real Estate: How Amendments To Insolvency Laws Promote Resolving Projects?](https://devsite.nexdigm.com/inthenews/revamping-indian-real-estate-how-amendments-to-insolvency-laws-promote-resolving-projects/) - From an optimistic future outlook, the Indian real estate market appears bright. According to a Concorde analysis, the real estate industry is expected to develop at a strong 9.2% CAGR between 2023 and 2028. By 2030, the Indian real estate market is projected to be worth US$1 trillion, and by 2025, it is anticipated to - [Income Tax Budget 2024 Highlights: Expectations of rationalization of GST rates seem to be a big miss](https://devsite.nexdigm.com/inthenews/income-tax-budget-2024-highlights-expectations-of-rationalization-of-gst-rates-seem-to-be-a-big-miss/) - Sanjay Chhabria, Director, Indirect Tax at Nexdigm said, “Budget 2024 has highlighted a positive impact of GST transition on the industry, by doubling the tax base and two-fold increase in the average GST collection. The expectations of rationalisation of GST rates seem to be a big miss as the FM announced no change in the - [Budget 2024 Income Tax Slabs 2024-25 LIVE Updates: Full fiscal picture will drop in July 2024](https://devsite.nexdigm.com/inthenews/budget-expectations-of-income-tax-provisions-for-the-manufacturing-sector-2/) - The full fiscal picture will drop in July 2024. For now, they are keeping it balanced and far-sighted. Vote on account Budget 2024 skips to touch the reforms to be brought in indirect taxation. No major proposals will surely delay the industry expectation to final budget post-election," says Sanjay Chhabria, Director, Indirect Tax at Nexdigm. - [Innovations and Compliance: Financial Management in Surgical Products Industry](https://devsite.nexdigm.com/inthenews/innovations-and-compliance-financial-management-in-surgical-products-industry/) - In the fast-paced and highly competitive landscape of the surgical product industry, precision in financial management is not just an aspiration but a necessity. The surgical equipment industry, which includes the manufacturing and distribution of medical devices, instruments, and surgical tools, faces unique finance and accounting challenges intrinsic to its sector. This article dives deep - [Union Budget 2024: Will The Finance Minister Slash The GST On The Gaming Industry?](https://devsite.nexdigm.com/inthenews/union-budget-2024-will-the-finance-minister-slash-the-gst-on-the-gaming-industry/) - India's online gaming market has witnessed exponential growth in recent years, projected to rise from $1.6 billion in 2022 to $5 billion by 2025 on the back of an increased smartphone and internet penetration, according to an 'All India Gaming Federation report'. However, the GST rate hike to 28% from October 2023 has significantly impacted - [Integrating Artificial Intelligence (AI) with contracting software speeds up processes](https://devsite.nexdigm.com/inthenews/integrating-artificial-intelligence-ai-with-contracting-software-speeds-up-processes/) - By 2030, virtually every company will be using some form of Artificial Intelligence (AI) contracting software. If you have not done so, you may need to start researching now for an AI contract management system and find the right consulting firm to ease the transition -- because the world of public and private sectors will - [Enablers of Digital Adoption: Private Investments in Logistics Technology](https://devsite.nexdigm.com/inthenews/enablers-of-digital-adoption-private-investments-in-logistics-technology/) - In today’s interconnected world, shipping and logistics serve as the backbone of the economy, drawing substantial attention from both business entities and policymakers. This heightened focus brings forth a wealth of opportunities across various fronts. As corporate manufacturing giants seek new production and sourcing hubs to diversify their supply chains, India emerges as an increasingly - [5 New Ways Cyberthreats Target Your Bank Account](https://devsite.nexdigm.com/inthenews/5-new-ways-cyberthreats-target-your-bank-account/) - The world of cybersecurity is constantly evolving, and it’s important to stay informed about the latest tactics used by cybercriminals. This detailed exposé aims to empower cybersecurity and financial professionals with the knowledge to defend against these threats effectively. Digital banking is prevalent, providing cybercriminals ample room to launch sophisticated attacks on personal and corporate - [The Rapidly Changing Landscape of Commercial Contracting](https://devsite.nexdigm.com/inthenews/the-rapidly-changing-landscape-of-commercial-contracting/) - The world of commercial contract negotiation and processing is in a transformative shift due to the fusion of game-changing legal technology and global work processes. The dynamic developments in this field offer exciting opportunities for corporate counsel and law firms to augment their traditional practices through innovative new tools and the increasing globalization of their - [Budget 2024: Save up to Rs 18000 a year in electricity bills via Pradhan Mantri Suryodaya Yojana rooftop solar power scheme; who is eligible](https://devsite.nexdigm.com/inthenews/budget-2024-save-up-to-rs-18000-a-year-in-electricity-bills-via-pradhan-mantri-suryodaya-yojana-rooftop-solar-power-scheme-who-is-eligible/) - The rooftop solar electricity program is an excellent step towards green energy. Reduces burden on electricity distribution companies, on coal and other minerals and makes uninterrupted electricity available to individuals. A win win for all. - [India's finance minister unveils budget, promises reforms to drive growth](https://devsite.nexdigm.com/inthenews/indias-finance-minister-unveils-budget-promises-reforms-to-drive-growth/) - The government's resolve to stick to the fiscal consolidation path is a welcome step and the lower-than-expected market borrowings for 2024-25 is likely to be positive for the bond market. - [Investment On Some Income Of IFSC Exempted, Tax Relaxation For Startups A Bold Move](https://devsite.nexdigm.com/inthenews/investment-on-some-income-of-ifsc-exempted-tax-relaxation-for-startups-a-bold-move/) - No changes in the tax rates in GST and customs. A bold move, much against the expectations of rationalised slab rates and against the historic customs rate changes in every budget. Three freight corridors are planned for port connectivity and decongestion. And, the Logistics sector is poised for integrated infra push. - [Union Budget 2024: Changes Needed in Rules to Safeguard Industries from Cyber Attacks](https://devsite.nexdigm.com/inthenews/union-budget-2024-changes-needed-in-rules-to-safeguard-industries-from-cyber-attacks/) - The Indian Union Budget 2024 presents a crucial and urgent need for the government to address the escalating cybersecurity threats that industries face. In this era of increasing digitalization, safeguarding industries from cyber-attacks is necessary and a top priority for national economic security. This article emphasizes the need to prioritize the essential changes in rules - [Budget expectations of income tax provisions for the manufacturing sector](https://devsite.nexdigm.com/inthenews/budget-expectations-of-income-tax-provisions-for-the-manufacturing-sector/) - As the Union Budget 2024-25 is interim, it is improbable that numerous changes or reforms will be introduced. However, India is at a critical juncture and hopes to attract investment in the manufacturing sector, including electronic vehicles, hydrogen fuel, heavy industry, etc. The government is expected to concentrate on the ‘Make in India’ and the - [5 Things Early-stage Start-ups Must Be Aware Of To Avoid GST Notices](https://devsite.nexdigm.com/inthenews/5-things-early-stage-start-ups-must-be-aware-of-to-avoid-gst-notices/) - The last decade has witnessed an exponential rise in the start-up ecosystem in the country. While the COVID-19 outbreak and the effects of the lockdown in 2020 may have dented this ecosystem, the year 2021 registered a return on the growth trajectory. Today, the start-up ecosystem in India, which had started as a software-intensive hub, - [Artificial Intelligence (AI) can manage your contract repositories quickly with smarter solutions](https://devsite.nexdigm.com/inthenews/artificial-intelligence-ai-can-manage-your-contract-repositories-quickly-with-smarter-solutions/) - This article explores the benefits of using AI to efficiently manage a contract repository. It covers how human interaction enhances AI’s power to accurately get the job done faster. It explores practical use cases that demonstrate how you can use AI to streamline related processes to provide a sharper understanding of contractual obligations tied to - [The Roadmap of PMO from Tactical to Strategic](https://devsite.nexdigm.com/inthenews/the-roadmap-of-pmo-from-tactical-to-strategic/) - Programme management strategies are breaking away from their hierarchical and rigid approach, and a new paradigm is taking shape that is more collaborative and involves all stakeholders in decision-making. This article explores the practices that underpin this new paradigm, shedding light on how it can unlock the full potential of projects and drive measurable business - [Income tax payable on winnings from online, offline games of chance](https://devsite.nexdigm.com/inthenews/income-tax-payable-on-winnings-from-online-offline-games-of-chance/) - Many e-commerce companies like Amazon, CRED and others often run contests like spin-the-wheel where cash equivalent or non-cash prizes like iPhone, OnePlus mobile, gift vouchers, and other goodies are offered. At times, instead of prizes, cashback or discounts on products are given to the customer. To win these prizes all an individual needs to do - [Safeguarding the digital frontier: Indian Digital Personal Data Protection Act 2023 and its approach to emerging technologies](https://devsite.nexdigm.com/inthenews/safeguarding-the-digital-frontier-indian-digital-personal-data-protection-act-2023-and-its-approach-to-emerging-technologies/) - In the ever-evolving landscape of emerging technologies, the Indian Digital Personal Data Protection Act of 2023 has emerged as a pioneering legal framework. It maintains a delicate balance between nurturing innovation and safeguarding individual privacy. Central to this endeavor is exploring how the Act addresses data protection within AI, IoT, and blockchain domains. The AI - [If data privacy regulations impact your organization today, are you ready for change?](https://devsite.nexdigm.com/inthenews/if-data-privacy-regulations-impact-your-organization-today-are-you-ready-for-change/) - Today, after several years of General Data Protection Regulations (GDPR) being enforced, potential risk and penalties arising from a data protection (DB) breach could affect your organization -- not to mention certain innovative technologies -- such as Blockchain, IoT or AI-powered tools like Chat GPT that can impose the biggest obstacles to successful resolution – - [Shaping new legal professionals to become client service savvy](https://devsite.nexdigm.com/inthenews/shaping-new-legal-professionals-to-become-client-service-savvy/) - Legal professionals want to be involved as early as possible in transactions. Their influence and participation, however, is only welcome if it is collaborative and if they come with a profound understanding of the business. Whether you are the privacy expert or the contract negotiator, at the end of the day your client, burdened with - [Navigating challenges of trust, risk, and security in AI-driven enterprises](https://devsite.nexdigm.com/inthenews/navigating-challenges-of-trust-risk-and-security-in-ai-driven-enterprises/) - In recent years, the advent of Artificial Intelligence (AI) has triggered a significant transformation across various industries. AI has proven to be a catalyst for innovation, enhancing productivity, streamlining operations, and elevating customer experiences. However, this technological revolution has not come without its share of concerns. As AI-driven enterprises continue to reshape the business landscape, - [Digital privacy: Why a cultural lens is essential in understanding intricacies of digital data protection](https://devsite.nexdigm.com/inthenews/digital-privacy-why-a-cultural-lens-is-essential-in-understanding-intricacies-of-digital-data-protection/) - India is a melting pot of cultures, languages, and belief systems, standing at the crossroads of a digital revolution. What is considered a norm in one part of the country may be entirely different in another. Understanding these intricacies becomes vital for designing data protection strategies that respect and resonate with the diverse population. As - [AI in Enterprises: Highly Risky and Challenging](https://devsite.nexdigm.com/inthenews/ai-in-enterprises-highly-risky-and-challenging/) - In recent years, the advent of AI has triggered a significant transformation across various industries. AI has proven to be a catalyst for innovation, enhancing productivity, streamlining operations, and elevating customer experiences. However, this technological revolution has not come without its share of concerns. As AI-driven enterprises continue to reshape the business landscape, stakeholders are - [Disruption and Transformation: How AI will Impact Global Trade in the Next Decade](https://devsite.nexdigm.com/inthenews/disruption-and-transformation-how-ai-will-impact-global-trade-in-the-next-decade/) - The use of artificial intelligence (AI) to sift through data and find areas for improved efficiency has already started to have an impact on the scheduling, safety, and monitoring of shipments from ports to railways. Major players in the shipping market have been investing in AI capabilities and research for years, with Maersk recently opening - [Nexdigm Announces the Addition of Mark Kennedy as Country Head-Business Development, Nexdigm - Japan](https://devsite.nexdigm.com/inthenews/nexdigm-announces-the-addition-of-mark-kennedy-as-country-head-business-development-nexdigm-japan/) - Mark Kennedy is a seasoned professional and will be heading all regional and global business development related activities for Nexdigm in Japan. With over three decades of total work experience and most of it in Japan, he is familiar with the markets in the region and has a very good understanding of the needs of - [Data Protection in India 2023: Bridging the Gaps with The Digital Personal Data Protection Act, 2023](https://devsite.nexdigm.com/inthenews/data-protection-in-india-2023-bridging-the-gaps-with-the-digital-personal-data-protection-act-2023/) - In today’s digital age, data is the lifeblood of organizations. It drives innovation, enhances customer experiences, and empowers businesses to make informed decisions. However, with great power comes great responsibility. Data protection and privacy have become of paramount concern worldwide, and India is no exception. In 2023, the Digital Personal Data Protection Act (DPDP) is - [Enhancing customer service in global business service centers](https://devsite.nexdigm.com/inthenews/enhancing-customer-service-in-global-business-service-centers/) - Defining good customer service depends on the product you sell. For automobiles, friendly in-person contact during a sale or service call can be the key. In a hotel, the cleanliness of the room, breakfast buffet and interactions with front desk staff can make or break a visit. But what about global business services (GBS) organizations? - [Companies might face repercussions if they aren't careful while using AI](https://devsite.nexdigm.com/inthenews/companies-might-face-repercussions-if-they-arent-careful-while-using-ai/) - About prompt engineering, Chat GPT, deepfakes, web scraping and other, often unobvious aspects of artificial intelligence, whose English names have not yet been translated into Polish, changes that AI will force on the labor market and legal departments of companies, the future of professionals or gigantic penalties for non-compliance with regulations that do not exist - [Should we be worried – European Union regulating use of artificial intelligence?](https://devsite.nexdigm.com/inthenews/should-we-be-worried-european-union-regulating-use-of-artificial-intelligence/) - Proposed by the European Commission on 21 April 2021, AI Act seeks mainly to classify and regulate artificial intelligence applications based on their risk to cause harm. Such classification primarily falls into four categories: banned practices, high-risk systems, and other AI systems with limited and minimal or no risk. Regulating the use of AI solutions - [The Future of Cybersecurity: How is AI Revolutionizing the Battle Against Cyber Threats](https://devsite.nexdigm.com/inthenews/the-future-of-cybersecurity-how-is-ai-revolutionizing-the-battle-against-cyber-threats/) - What are the effective strategies for implementing AI in cybersecurity: Key considerations for businesses? AI-driven cybersecurity solutions have a notable advantage in conducting behavioral analysis. By closely examining user behavior, network traffic, and system activities, they possess the capability to identify and flag unusual patterns that may signify potential malicious intent or cyber threats. This - [UAE free zones not fully exempt from first-time corporate tax](https://devsite.nexdigm.com/inthenews/uae-free-zones-not-fully-exempt-from-first-time-corporate-tax/) - The UAE’s June 1 introduction of its first corporate tax will undo some of the fiscal incentives that have prompted foreign businesses to flock to its more than 40 special economic zones (SEZs). After years of not taxing company profits, the government has launched a 9% levy, in line with the global push towards a - [Healthcare Agreements: Get Them Right the First Time](https://devsite.nexdigm.com/inthenews/healthcare-agreements-get-them-right-the-first-time/) - Healthcare agreement negotiations bear a unique and well-known risk burden. Additionally, the timeline for healthcare agreements is also longer than many other industries because of how long it usually takes to bring new products to market. Healthcare agreements involve some extremely sensitive issues, such as protecting the identity of a cancer patient, promoting ground-breaking chemical - [Relevance of Economic Principles over Judicial Precedents - Lodha Group Ruling](https://devsite.nexdigm.com/inthenews/relevance-of-economic-principles-over-judicial-precedents-lodha-group-ruling/) - The Mumbai Bench of Income-tax Appellate Tribunal (ITAT) in a recent ruling of Macrotech Developers Limited [TS-237-ITAT-2023(Mum)-TP] (a Lodha Group company and hereafter referred to as the ‘taxpayer’) set aside the Dispute Resolution Panel (DRP) directions in relation to determination of arm’s length price (ALP) of corporate guarantee and accepted benchmarking conducted by the taxpayer - [Nexdigm Named in Everest Group’s Global PEAK Matrix for Procurement Outsourcing (PO) 2022](https://devsite.nexdigm.com/inthenews/nexdigm-named-in-everest-groups-global-peak-matrix-for-procurement-outsourcing-po-2022/) - Nexdigm has been named in Everest Group’s Global “PEAK Matrix® for Procurement Outsourcing (PO) 2022” report. Everest Group highlights that Nexdigm offers end-to-end Procurement Outsourcing solutions through managed services, transformation projects, and resource augmentation in Sourcing, Contract Management, Procurement Support, and Procure to Pay (P2P). Per Everest Group, Nexdigm is recognized for its "flexibility, proactiveness, - [Section 115A Amendment - Impact on Withholding Tax & ITR Compliance](https://devsite.nexdigm.com/inthenews/section-115a-amendment-impact-on-withholding-tax-itr-compliance/) - As per Indian Tax Law[1], payments made to Non-Residents/Foreign Companies for Fees for Technical Services (FTS) and Royalties were liable to tax at the effective tax rate of 10.92% (including surcharge and education cess). Further, Indian Tax Law[2] also provide that where India has entered into a Double Tax Avoidance Agreement (DTAA) with other countries, - [MCA issues new rules on voluntary exit of companies](https://devsite.nexdigm.com/inthenews/mca-issues-new-rules-on-voluntary-exit-of-companies/) - Companies keen to exit their business for various economic reasons can now hope for quick regulatory clearance with the government operationalising the newly set up Centre for Processing Accelerated Corporate Exit (CPACE). The Ministry of Corporate Affairs on Monday notified the rules authorising CPACE to handle this work, taking over the task from RoCs across - [SC Ruling in SAP Labs Case - Significance and Implications](https://devsite.nexdigm.com/inthenews/sc-ruling-in-sap-labs-case-significance-and-implications/) - The Hon’ble Apex Court in its order dated 19th April 2023, in the case of SAP Labs India Pvt Ltd. quashed and set aside the ruling of the High Court (‘HC’) and observed that selection of comparables, application of filters etc. gives rise to substantial question of law and thereby remitted back the case to - [Supply Chain Reliability: A Cause Of Concern For Healthcare](https://devsite.nexdigm.com/inthenews/supply-chain-reliability-a-cause-of-concern-for-healthcare/) - Economies such as the US and Europe are slowing sharply, and significant Asian emerging-market economies are expected to constitute nearly 3/4th of global 2023 GDP growth. Considering the above factors, a key question dwelling in the minds of leaders of the world's top economies for the last six months is whether a recession is on - [The European Union on the home stretch to regulate the use of systems based on "artificial intelligence". We are to expect a revolution similar to the one faced when GDPR was introduced](https://devsite.nexdigm.com/inthenews/eu-regulations-on-artificial-intelligence-on-the-final-straight-it-will-be-a-gdpr-revolution/) - Although Europe lags behind the United States and China in the development of artificial intelligence (AI), it is way ahead in legislation of its safe use, based on the European values. As in the case of the GDPR, the EU has a chance to become a global leader in AI regulations soon. At the same - [Helping clear the air on 0% UAE corporate tax rate](https://devsite.nexdigm.com/inthenews/helping-clear-the-air-on-0-uae-corporate-tax-rate/) - The UAE is about to achieve an important milestone in the overall tax landscape, as Corporate Tax regime would be implemented from 1 June 2023. The proposed tax rate of 9% keeps the UAE as one of the #attractive #jurisdictions for business. Furthermore, the law also provides relief to Free Zone establishments and small businesses/SME’s. - [Taxability of employee benefits may decide which tax regime makes more sense for you](https://devsite.nexdigm.com/inthenews/taxability-of-employee-benefits-may-decide-which-tax-regime-makes-more-sense-for-you/) - When deciding between the old and the new tax regimes, most of us will consider the most common deductions like those under section 80C, 80D, or also the deduction available on principal and interest on home loans, before taking a call. However, one must not forget that employee benefits are also treated differently under the - [GST on transportation services - navigating through turbulent waters](https://devsite.nexdigm.com/inthenews/gst-on-transportation-services-navigating-through-turbulent-waters/) - GST on services by way of transportation of goods by aircraft / vessel is certainly on a roller-coaster ride these days. The story began in September 2022, when the GST exemption pertaining to goods transportation services witnessed a sunset from 1 October 2022 onwards. This resulted in taxing the transportation of export cargo by the - [Global headwinds impede export to 7 trading partners](https://devsite.nexdigm.com/inthenews/global-headwinds-impede-export-to-7-trading-partners/) - Merchandise exports to seven out of India’s top 10 trading partners declined sharply from a year ago in October due to a significant slowdown in economic activity globally, two people, citing the preliminary data released by the government, said. Merchandise exports to the US, United Arab Emirates, China, Bangladesh, UK, Saudi Arabia and Hong Kong - [E-way bills for Feb show moderation](https://devsite.nexdigm.com/inthenews/e-way-bills-for-feb-show-moderation/) - The number of electronic permits issued to transport goods within and across states moderated in February from the previous month but remained above the 80 million mark seen since November. At 81.8 million, e-way bill generation indicates a mid-quarter dip, but year-end inventory clearance by companies could boost goods shipment in March. E-way bill data, - [Co-working cos, tax experts ask government to simplify GST registration](https://devsite.nexdigm.com/inthenews/co-working-cos-tax-experts-ask-government-to-simplify-gst-registration/) - Co-working operators and tax experts have urged the Centre for a simplified GST registration for firms operating from a shared space. The request comes after GST officers sought extensive documentation, such as registered leases and clearances from original owners, to prevent firms from using the coworking setup only for GST registration. "Denial of registrations at - [CBDT issues new guidelines to streamline digital economy tax](https://devsite.nexdigm.com/inthenews/cbdt-issues-new-guidelines-to-streamline-digital-economy-tax/) - The Central Board of Direct Taxes (CBDT) has issued norms for processing returns filed by digital economy firms that are liable to equalization levy, streamlining the administration of India’s digital economy tax. The Centralized Processing of Equalization Levy Statement Scheme, 2023, which is effective from Tuesday, sets the modalities for processing the returns filed by - [TDS/TCS Amendments in Finance Bill, 2023 - A Snapshot!](https://devsite.nexdigm.com/inthenews/tds-tcs-amendments-in-finance-bill-2023-a-snapshot/) - Tax Deduction at Source (TDS) provisions were introduced back in 1961. Theywere implemented on the principle of “pay as you earn” and to have a regular source of revenue for the Government throughout the year. TDS is an important mechanism for collection of tax. Over the years, the scope of TDS and Tax Collection at - [Union Budget 2023: 'Custom duty proposals are largely aligned to government's vision of Make in India'](https://devsite.nexdigm.com/inthenews/union-budget-2023-custom-duty-proposals-are-largely-aligned-to-governments-vision-of-make-in-india/) - All eyes were on the Hon’ble finance minister as she presented her last full Union Budget before the 2024 elections. While the Indirect Tax proposals in the Budget Speech were primarily limited to customs duty rate changes, the details, as always, lie in the fine print. On the GST front, the perplexity around claiming Input - [Budget 2023 LIVE: Amrit Kaal's first budget finds common ground with countrymen, apprehension over new tax regim](https://devsite.nexdigm.com/inthenews/budget-2023-live-amrit-kaals-first-budget-finds-common-ground-with-countrymen-apprehension-over-new-tax-regim/) - Capital investment outlay increase by 33% to 10 lakh crores will boost the economy, lead to job creation and will up the infrastructure sector. Without going into fine print, one can rate the budget at 9 given the thrust on capital expenditure and relief to middle class individual taxpayers: Maulik Doshi, Deputy Managing Director, Direct - [Expansion of Angel Tax on ‘Non-Resident’ Investors](https://devsite.nexdigm.com/inthenews/expansion-of-angel-tax-on-non-resident-investors/) - Section 56(2)(viib) of the Income Tax Act, 1961 (‘Act’) provides that where a company in which the public are not substantially interested, receives, from any person being a resident, any consideration for issue of shares exceeding the face value of such shares, the aggregate consideration received for such shares as exceeds the fair market value - [Budget 2023: Agriculture accelerator fund to increase productivity](https://devsite.nexdigm.com/inthenews/budget-2023-agriculture-accelerator-fund-to-increase-productivity-2/) - To support agro startups, Nirmala Sitharaman has announced the Agriculture Accelerator Fund. It will attempt to implement cost-effective solutions to problems encountered by farmers by introducing contemporary technologies and boosting output. Utkarsh Sinha managing director Bexley advisors a boutique investment bank firm said “The government’s Fund-of-Fund (FoF) strategy has already demonstrated success with SIDBI’s flagship - [How Budget 2023 proved India to be the global leader of millet?](https://devsite.nexdigm.com/inthenews/how-budget-2023-proved-india-to-be-the-global-leader-of-millet/) - Finance Minister Nirmala Sitharaman commented on India's goal to promote millets both domestically and abroad while presenting the first Amrut Kaal budget. The year 2023 has been designated as the International Year of Millets, and FM noted that India cultivates a variety of Shree Anna grains, including Jowar, Raagi, Bajra, Ramdana, Cheena, and Saama. India - [Union Budget 2023 should provide measures to boost consumer demand and reduce costs for businesses](https://devsite.nexdigm.com/inthenews/union-budget-2023-should-provide-measures-to-boost-consumer-demand-and-reduce-costs-for-businesses/) - Union Budget 2023-24, the last full-year budget for the current government, will be closely watched by India Inc as it sets the tone for the economic policies of the government. India Inc will look forward to this budget as a balance between growth and being financially cautious. The government is expected to focus on promoting - [The World Bank is Forecasting a Recession - Good News for Some](https://devsite.nexdigm.com/inthenews/the-world-bank-is-forecasting-a-recession-good-news-for-some/) - A global recession seems inevitable in 2023 based on a deluge of recent economic forecasts, most notably that of the World Bank, which downgraded their outlook for 2023 last week. Russia’s ruinous war against Ukraine, international inflation and continuing global trade conflicts over technology will also slow economic growth across many sectors. Some pundits are - [After China+1, global corporations now mull over ‘Minus China’](https://devsite.nexdigm.com/inthenews/after-china1-global-corporations-now-mull-over-minus-china/) - Global manufacturers are considering plans to completely withdraw from China as issues related to Covid, labour and geopolitical tensions make the “world’s factory” less and less attractive. If India can quickly grab the opportunity, it can position itself as the next factory of the world. The Covid crisis hastened the adoption of China Plus One. - [Register in portal. Now, claim refunds on cancelled flat booking, insurance policy](https://devsite.nexdigm.com/inthenews/register-in-portal-now-claim-refunds-on-cancelled-flat-booking-insurance-policy/) - An unregistered buyer (mostly individual customer) will need to get temporary registration on the GST portal to get the tax refund in case of cancellation of flat booking or insurance policy and exhaustion of time period of issuance of credit note by the concerned supplier, the Central Board of Indirect Taxes & Custom (CBIC) said - [Climate becomes mainstream business for consultancies](https://devsite.nexdigm.com/inthenews/climate-becomes-mainstream-business-for-consultancies/) - Climate and good governance have become a mainstream business for consultancies as companies embrace these goals either on account of management choice, regulatory requirement or customer preference, according to industry leaders. Businesses adopting sustainability goals have prompted large consulting firms to set up separate verticals for this practice even as specialized firms seek to tap - [The Rise and Proliferation of Contract Analytics- A Guide](https://devsite.nexdigm.com/inthenews/the-rise-and-proliferation-of-contract-analytics-a-guide/) - Large-scale enterprise contract management as a business function has evolved in the last decade. What was legacy has now metamorphosed into a business process function, led by specialized contract management professionals, and supported by software engineers, cloud computing professionals, and data scientists. It all started as document management activity on a share-point when organizations began - [Contract Management as a Strategic Asset](https://devsite.nexdigm.com/inthenews/contract-management-as-a-strategic-asset/) - On the surface, your company is thriving - with business partners worldwide, clients in every corner of the globe, and plans to build warehousing facilities in Asia and South America. Although things are getting more complex and dynamic, business is booming. You have a great feeling about how things are going until you enter the - [GST Council meet: Decriminalization of certain offence, tax rate on pulses husk, key decisions taken by GST Council](https://devsite.nexdigm.com/inthenews/gst-council-meet-decriminalization-of-certain-offence-tax-rate-on-pulses-husk-key-decisions-taken-by-gst-council/) - Finance Minister Nirmala Sitharaman on Saturday, 17 December held the Goods and Service Tax (GST) Council meet in national capital Delhi. The Group of Ministers (GoM), chaired by Meghalaya Chief Minister Conrad Sangma, set up last year on the issue had submitted its report to Finance Minister Nirmala Sitharaman on Thursday. The GST Council on - [Centre, states look to widen GST taxpayer base](https://devsite.nexdigm.com/inthenews/centre-states-look-to-widen-gst-taxpayer-base/) - The Centre and states are exploring ways to widen the GST taxpayer base and boost collections with a few states working on pilot projects to link third party data with that of the assesses. Vivek Johri, chairman, Central Board of Indirect Taxes and Customs, said various strategies are being worked upon to widen the tax - [GST E-invoicing Mandatory for Companies with Turnover of Rs 5 cr and above](https://devsite.nexdigm.com/inthenews/gst-e-invoicing-mandatory-for-companies-with-turnover-of-rs-5-cr-and-above/) - Centre is now planning to make GST e-invoicing compulsory for businesses with a turnover of Rs 5 crore and above. It would lead bringing the threshold down from the recent Rs 20 crore, said a government official said. E-invoicing recommends a normalised organisation of a receipt that can be perused by a machine. It is - [CBIC clarifies ambiguity on GST on pre-packaged items, new rates from Monday](https://devsite.nexdigm.com/inthenews/cbic-clarifies-ambiguity-on-gst-on-pre-packaged-items-new-rates-from-monday/) - The Central Board of Indirect Taxes and Customs (CBIC) on Sunday clarified that all pre-packaged items containing a quantity up to 25 Kg, will attract a GST of 5%. The CBIC said that the items, which are pre-packaged in above 25 Kg, in a single packet will be exempt from GST. Also the clarification said - [SC rulings to bring relief to importers, clarity on GST Council’s role](https://devsite.nexdigm.com/inthenews/sc-rulings-to-bring-relief-to-importers-clarity-on-gst-councils-role/) - Experts say judgment recognises States as Centre’s equal partners, and not subservient to the latter or the GST Council The Supreme Court judgment scrapping Integrated Goods & Services Tax (IGST) on ocean freight will bring lot of relief for importers, according to tax experts. They also maintain that the comment on GST Council’s recommendations has - [Building supply chain resilience through smarter sourcing](https://devsite.nexdigm.com/inthenews/building-supply-chain-resilience-through-smarter-sourcing/) - Resilience in supply chains has emerged from Covid-19 as one of the key success factors for business operations. Amit Singh and Ramakrishnan Kasinathan, leaders at management consultancy Nexdigm, outline four ways how internationally operating companies can enhance the adaptability of their supply chains through smarter sourcing. For decades, the globalization of manufacturing has been one - [GST collection rises 28% to Rs 1.43 lakh crore, festive season to drive mop-up](https://devsite.nexdigm.com/inthenews/gst-collection-rises-28-to-rs-1-43-lakh-crore-festive-season-to-drive-mop-up/) - The GST collection remained above the Rs 1.4-lakh-crore mark for the sixth straight month in August and the ensuing festival season will help continue the trend. India's tax collection from the sale of goods and services soared 28 per cent to Rs 1.43 lakh crore in July aided by rising demand, higher rates, and greater - [Combining process excellence with data analytics to gain an edge](https://devsite.nexdigm.com/inthenews/combining-process-excellence-with-data-analytics-to-gain-an-edge/) - For companies embarking on business transformation, new technologies are offering endless opportunities to improve efficiency, effectiveness and more. Arjit Agarwal and Utkarsh Sharma, leaders at Nexdigm, outline how one such technology – advanced data analytics – can be combined with process excellence to gain a competitive edge. The emergence of high-speed internet, digital technologies and - [Digital contract management as an enabler](https://devsite.nexdigm.com/inthenews/digital-contract-management-as-an-enabler/) - What compels businesses to prioritize technology over manual operations? It’s their need for assured regulatory compliance with quick turnaround times to draft, negotiate, and sign off deals. But does this era of digitized contract management mean that general counsels and their teams who author contracts are becoming redundant? No, with respect to differing opinions, legal - [GST collection 2nd highest in October 2022: Festive sales to higher imports – here are the top 5 factors, experts list](https://devsite.nexdigm.com/inthenews/gst-collection-2nd-highest-in-october-2022-festive-sales-to-higher-imports-here-are-the-top-5-factors-experts-list/) - GST Collection: According to economists and other experts, the revival in the rural economy and festive season sales have contributed most to the GST collection in October 2022. The goods and service tax (GST) collection were reported second highest in October 2022, according to the recent data released by the Ministry of Finance. GST collection - [Awaiting action. GST rejig likely only after 2024 LS polls](https://devsite.nexdigm.com/inthenews/awaiting-action-gst-rejig-likely-only-after-2024-ls-polls/) - Rationalization of Goods & Services Taxes (GST) likely to be put off for post general election i.e., 2024. “GST rates are critical not just from inflation point of view, but also it is highly politically sensitive issue. We may see complete overhaul of GST rates once Lok Sabha election got over in 2024,” a senior - [Reverse charge mechanism: CBIC not to seek review of SC verdict quashing IGST levy on ocean freight](https://devsite.nexdigm.com/inthenews/global-headwinds-impede-export-to-7-trading-partners-2/) - The Central Board of Indirect Taxes & Customs (CBIC) will not file a review petition against a ruling by the Supreme Court in favour of Mohit Minerals, quashing an Integrated Goods & Services Tax (IGST) levy on ocean freight under RCM (Reverse Charge Mechanism). Experts say the legal battle is closed for now, unless the - [Nexdigm expands again, this time with a second office in Gurugram, and relocation of its corporate offices to Lower Parel, Mumbai](https://devsite.nexdigm.com/inthenews/nexdigm-expands-again-this-time-with-a-second-office-in-gurugram-and-relocation-of-its-corporate-offices-to-lower-parel-mumbai/) - Business and professional services firm, Nexdigm, has opened its second new office in the National Capital Region located at Udyog Vihar, Sector 18 in Gurugram, India. The office will help cater to the growing needs of the company while amplifying its presence in the region. Nexdigm also shifted its Mahalaxmi, Mumbai office to a larger - [Strengthening India’s cold chain infrastructure can accelerate growth of food processing](https://devsite.nexdigm.com/inthenews/strengthening-indias-cold-chain-infrastructure-can-accelerate-growth-of-food-processing/) - The cold chain industry is one of the most critical components of the food processing value chain, where perishables form one of the largest segments. Even now, some sub-segments of perishables see wastage as high as 40%, where a lack of cold vhain infrastructure is a major aspect. The Indian cold chain industry is at - [Property Guru - Impact of GST on Real Estate](https://bit.ly/3c0Zh0c) - [GST Council defers decision on 28% GST on casinos, online gaming; GoM to submit report by July 15](https://devsite.nexdigm.com/inthenews/gst-council-defers-decision-on-28-gst-on-casinos-online-gaming-gom-to-submit-report-by-july-15/) - The Group of Ministers, headed by Meghalaya CM Conrad Sangma, has been asked to re-deliberate the tax rate on horse racing, online gaming, casinos by July 15. The report will be discussed by the GST Council at its next meeting. The two-day GST council meeting in Chandigarh concluded on Wednesday. The two-day GST council meeting, - [No proposal of 28% GST on crypto services](https://devsite.nexdigm.com/inthenews/no-proposal-of-28-gst-on-crypto-services-sources-say/) - Contrary to several media reports, the GST council is not going to impose 28 percent GST on crypto services, sources at the Finance Ministry told Business Today. “No proposal of 28% GST on crypto services. Crypto services will not to be treated at par with online gaming”, the source told Business Today. Multiple media sources - [How India's taxmen are chasing global PE funds for misusing tax treaties to evade capital gains tax](https://devsite.nexdigm.com/inthenews/how-indias-taxmen-are-chasing-global-pe-funds-for-misusing-tax-treaties-to-evade-capital-gains-tax/) - The income tax department has reportedly slapped an over Rs 500 crore tax demand from big global funds, including private equity and venture capital funds, for misusing tax treaties with Mauritius, Cyprus and Singapore and underreporting income. While investing in start-ups in India, private equity funds either take the traditional route of investing directly or - [What is driving India's GST collections?](https://devsite.nexdigm.com/inthenews/what-is-driving-indias-gst-collections/) - In December last year, officers from the Directorate General of GST Intelligence (DGGI) intercepted four trucks outside a Kanpur factory that makes pan masala and tobacco products. These trucks were making their way from the factory without any invoice or the electronic way bill (e-way bill). Under GST, the e-way bill is a compliance mechanism - [There is need for comprehensive review of GST regime](https://devsite.nexdigm.com/inthenews/there-is-need-for-comprehensive-review-of-gst-regime/) - Four years since the GST reforms were implemented, there is a growing clamor for a comprehensive review of the tax regime to potentially avoid protracted litigation, rigorous exposures in the form of interest and penalties. In an interview, Saket Patawari, executive director – Indirect Tax, Nexdigm, an independent global corporate advisory firm lists the key - [No denial of duty exemption for not adhering to import procedures: CBIC](https://devsite.nexdigm.com/inthenews/no-denial-of-duty-exemption-for-not-adhering-to-import-procedures-cbic/) - The CBIC has asked field offices not to deny Customs duty exemptions to importers of oxygen-related equipment merely for not adhering to import procedures during the second wave of the Covid-19. The CBIC has asked field offices not to deny Customs duty exemptions to importers of oxygen-related equipment merely for not adhering to import procedures - [GST net on crypto may expand to include their sale, purchase](https://devsite.nexdigm.com/inthenews/gst-net-on-crypto-may-expand-to-include-their-sale-purchase/) - Although the finance ministry has already imposed a 30% income tax on earnings from virtual digital asset transactions from April 1, there are still several aspects pertaining to goods and service tax on cryptocurrencies, such as its mining, sale and purchase, and their exchange value when used for buying or bartering goods and services. The - [Budget 2022: Govt to double down on reducing compliance burden for firms](https://www.hindustantimes.com/business/budget-2022-govt-to-double-down-on-reducing-compliance-burden-for-firms-public-101643709102754.html) - [Healthcare Supply Chain Excellence – CFO’s take on the Supply Chain](https://devsite.nexdigm.com/inthenews/healthcare-supply-chain-excellence-cfos-take-on-the-supply-chain/) - This feature is a CFO’s take on the underlying factors that bring value to supply chains. Bhavesh Shah highlights factors such as supplier loyalty, interconnected ecosystems, balancing costs, guiding principles, and versatility that is required to build and run a robust supply chain. Change and communication have been one of your focus areas. How have - [Nexdigm Expands Its Geographical Presence with New Office in Illinois](https://devsite.nexdigm.com/inthenews/nexdigm-expands-its-geographical-presence-with-new-office-in-illinois/) - The Consul General of India, State of Illinois, and Choose DuPage joined Nexdigm to announce the company’s first North American office in Oak Brook, Illinois. Nexdigm is an employee-owned, privately held, independent global organization that helps companies across geographies meet the needs of a dynamic business environment in professional and business services. Nexdigm currently serves - [Nexdigm, Formerly Known as SKP Business Consulting, Strengthens US Presence and Capabilities with the Addition of a Senior Executive Director](https://devsite.nexdigm.com/inthenews/nexdigm-formerly-known-as-skp-business-consulting-strengthens-us-presence-and-capabilities-with-the-addition-of-a-senior-executive-director/) - Nexdigm Incorporated announced a major investment in USA with the appointment of Marc Lessem, based in Chicago. Marc is an accomplished business executive with more than 30 years of experience. He has held senior management roles in General Management, Operations, Marketing, Sales, and Finance. “I am delighted to welcome Marc, as we further strengthen our - [Renewed global interest in Geographic Diversification of Supply Chains - Senior Government Officials spotlight investment in the US-India corridor](https://devsite.nexdigm.com/inthenews/renewed-global-interest-in-geographic-diversification-of-supply-chains-senior-government-officials-spotlight-investment-in-the-us-india-corridor/) - Against the backdrop of an estimated USD 200 billion spend on India’s healthcare infrastructure by 2022 and with the healthcare industry expected to grow by 17-19% CAGR for the next five years, Honorable Rajeev Arora, Additional Chief Secretary, Government of Haryana, Honorable Amit Kumar, Consul General of India, Chicago, and Honorable Jyoti Arora, Special Secretary & Financial - [Nexdigm with support from Consulate General of India organizes virtual event to discuss investment in US-India corridor](https://devsite.nexdigm.com/inthenews/nexdigm-with-support-from-consulate-general-of-india-organizes-virtual-event-to-discuss-investment-in-us-india-corridor/) - Against the backdrop of an estimated US$ 200 billion spend on India’s healthcare infrastructure by 2022 and with the healthcare industry expected to grow by 17 to 19% CAGR in the next five years, Rajeev Arora, additional chief secretary, Government of Haryana, Amit Kumar, Consul General of India, Chicago and Jyoti Arora, special secretary and - [Transfer Pricing: Tax Tribunal Allows Refund To Overseas Entity](https://devsite.nexdigm.com/inthenews/transfer-pricing-tax-tribunal-allows-refund-to-overseas-entity/) - In a landmark ruling last month, the Mumbai bench of the Income Tax Appellate Tribunal has granted relief to a foreign entity on the tax paid by it. If the foreign company has returned the excess royalty paid by its Indian entity, its tax outgo will also stand reduced, the ITAT has held. Welcoming the - [2021 marks 70 years of Indo German diplomatic relations, M&A deals pave the future: Nexdigm-Ebner Stolz report](https://devsite.nexdigm.com/inthenews/2021-marks-70-years-of-indo-german-diplomatic-relations-m-a-deals-pave-the-future-nexdigm-ebner-stolz-report/) - Mumbai (Maharashtra) [India], September 28 (ANI/NewsVoir): A business report tracking merger and acquisition (M & A) deals in the Indo-German trade corridor in the past decade, has revealed that 171 M & A deals valued at USD 4.5 billion took place in that period. The report has further stated that Germany is also the third - [Nexdigm Explores Global Interest in Geographic Diversification of Supply Chains - Senior Government Officials Spotlight Investment in the US-India Corridor](https://devsite.nexdigm.com/inthenews/nexdigm-explores-global-interest-in-geographic-diversification-of-supply-chains-senior-government-officials-spotlight-investment-in-the-us-india-corridor/) - Against the backdrop of a projected multi-billion dollar spend on India's healthcare infrastructure by 2022, and an expected 17-19% CAGR for the next five years, American healthcare companies are setting their sights on investing in India. In the virtual event organized by Nexdigm with support from the Consulate General of India, Chicago, Senior Indian Government - [Nexdigm Explores Global Interest in Geographic Diversification with Senior Indian Government Officials and US-Based Industry Experts, Focusing on the US-India Corridor](https://devsite.nexdigm.com/inthenews/nexdigm-explores-global-interest-in-geographic-diversification-with-senior-indian-government-officials-and-us-based-industry-experts-focusing-on-the-us-india-corridor/) - In light of the pandemic, Nexdigm, a global business advisory organization is inviting a panel of global investment experts, to discuss geographic diversification as an option to address the current and foreseeable challenges in the global manufacturing and supply chain ecosystem. The webinar, open to registrations, is scheduled for 10 AM - 11 AM CDT - [Nexdigm Further Strengthens Global Capabilities in Business Process Management (BPM) and Business Consulting (BC) with the Addition of Darius Thomas](https://devsite.nexdigm.com/inthenews/nexdigm-skp-further-strengthens-global-capabilities-in-business-process-management-bpm-and-business-consulting-bc-with-the-addition-of-darius-thomas/) - Over the last year, Nexdigm (SKP) has strategically and aggressively invested in US and other markets in enhancing their service portfolio to better serve their valued global clients. Nexdigm (SKP) is delighted to announce that Darius Thomas has joined their team as Senior Executive Director – BPM. He brings in nearly two decades of experience - [Nexdigm Explores Global Interest in the Indian Healthcare Sector with Senior Indian Government Officials and Industry Experts, Focusing on the US-India Corridor](https://devsite.nexdigm.com/inthenews/nexdigm-explores-global-interest-in-the-indian-healthcare-sector-with-senior-indian-government-officials-and-industry-experts-focusing-on-the-us-india-corridor/) - The recent pandemic and subsequent lockdowns across the globe have resulted in an upsurge in demand for global collaboration in the areas of sustainable trade and flexible supply. Businesses, especially in critical sectors like Healthcare, are facing a need to diversify and re-structure their operations. India’s healthcare landscape is evolving rapidly and has recently seen - [Nexdigm Augments Its Taxation Practice with the Addition of Saket Patawari as Executive Director-Indirect Tax and Senior Director – Nexdigm](https://devsite.nexdigm.com/inthenews/nexdigm-skp-augments-its-taxation-practice-with-the-addition-of-saket-patawari-as-executive-director-indirect-tax-and-senior-director-nexdigm-skp/) - Accountant and a Lawyer with more than 15 years of rich experience in Indirect Tax, including advisory, representation and litigation, compliance, and policy advocacy. Saket has led several successful change management initiatives in his earlier roles. “I am pleased to welcome Saket on board, and strongly believe that his capabilities complement our well-established Indirect Tax - [Senior Healthcare Policy and Industry Experts Explore Opportunities in the Indian Healthcare Sector, in the Webinar Hosted by Nexdgm](https://devsite.nexdigm.com/inthenews/senior-healthcare-policy-and-industry-experts-explore-opportunities-in-the-indian-healthcare-sector-in-the-webinar-hosted-by-nexdgm/) - In a recently concluded international webinar on the Ayushman Bharat initiative and emerging opportunities in Indian Healthcare, experts from the Government and pharmaceutical industry agreed that public-private partnerships are going to play a key role in advancing Healthcare and tackling COVID. The webinar was hosted by Nexdigm, and supported by the Consulate General of India, - [Shared Values and Value Addition, Strengthen US India Relationship, Stated Honorable Suresh Prabhu in a Webinar Hosted by Nexdigm](https://devsite.nexdigm.com/inthenews/shared-values-and-value-addition-strengthen-us-india-relationship-stated-honorable-suresh-prabhu-in-a-webinar-hosted-by-nexdigm/) - Addressing an international webinar promoting the India – US corridor, Honorable Suresh Prabhu, Former Union Minister of Commerce & Industry and Civil Aviation and India's Sherpa to the G20 encouraged US companies to collaborate with Indian states for business. The webinar was hosted by Nexdigm, and supported by the Consulate General of India, Houston, and - [Nexdigm's Analysis of India’s Deal Landscape in H1-2020](https://devsite.nexdigm.com/inthenews/nexdigms-analysis-of-indias-deal-landscape-in-h1-2020/) - The first half of the year 2020 clocked a total deal value of USD 42 billion, down from H1 2019, primarily due to the COVID-19 outbreak. While deal activity could be subdued in the coming quarters on account of challenges in execution and economic slowdown, the India growth story remains attractive to investors with a - [Nexdigm Shares Insights on "Anti-Bribery and Corruption – Traversing the Current Pandemic"](https://devsite.nexdigm.com/inthenews/nexdigm-shares-insights-on-anti-bribery-and-corruption-traversing-the-current-pandemic/) - There have been major government interventions across the globe, following the COVID-19 outbreak. With rapid policy changes, ranging from revised guidelines to new standard operating procedures and the disbursal of stimulus packages to revive economies, the threat of misuse of funds has never been this significant. These changes present substantial challenges in the form of - [Whitepaper on Healthcare Compliance Addresses Risks During Value Transfers Faced by Healthcare Companies](https://devsite.nexdigm.com/inthenews/whitepaper-on-healthcare-compliance-addresses-risks-during-value-transfers-faced-by-healthcare-companies/) - Business advisory experts, Nexdigm and legal experts, Shearman & Sterling, have jointly released a paper to address key compliance challenges faced by healthcare companies in India and overseas markets. Some of the key aspects covered in this paper include - Legal Framework and Regulatory Oversight on Healthcare Companies (HCC), Avenues for Transfers of Value, Compliance - [Global Capability Centers Based in India Can Provide Cost Savings of Up to 45% Over 3 - 5 Years, as Per Nexdigm](https://devsite.nexdigm.com/inthenews/global-capability-centers-based-in-india-can-provide-cost-savings-of-up-to-45-over-3-5-years-as-per-nexdigm/) - With an increasing focus on digital, over 75% of India-based Global Capability Centers (GCCs) are investing across analytics, cloud migration, and robotic process automation, and over 50% in artificial intelligence, machine learning, and Internet of Things (IoT) as discussed during Nexdigm’s webinar on "India – A Favorable Destination for Global Capability Centers." Nexdigm is a - [Nexdigm Expands Its Presence in the UAE with a New Office in ADGM, Abu Dhabi](https://devsite.nexdigm.com/inthenews/nexdigm-expands-its-presence-in-the-uae-with-a-new-office-in-adgm-abu-dhabi/) - Nexdigm is pleased to announce an increased presence in UAE with a new office in Abu Dhabi. The new office is located in the Abu Dhabi Global Market (ADGM), an International Financial Center located in UAE’s capital city. This location has several major advantages that make it a prime location for business activity. ADGM is - [Exploring the hopes around Transfer Pricing in Budget 2021](https://www.taxsutra.com/tp/experts-corner/exploring-hopes-around-transfer-pricing-budget-2021) - [Nexdigm Enhances Capabilities with the Addition of A.K. Viswanathan as Managing Director – Direct Tax & Regulatory, Transfer Pricing, and Transaction Advisory Services](https://devsite.nexdigm.com/inthenews/nexdigm-enhances-capabilities-with-the-addition-of-a-k-viswanathan-as-managing-director-direct-tax-regulatory-transfer-pricing-and-transaction-advisory-services/) - A.K. Viswanathan (Vis) is a qualified Chartered Accountant, a Certified Internal Auditor and a Certified Public Accountant with multiple years of experience including 24+ years at Deloitte in India and Canada. Vis will lead Nexdigm’s Direct Tax & Regulatory, Transfer Pricing and Transaction Advisory Services. “I am extremely happy to welcome Vis on board, and - [Increased Investment Opportunities for Food Processing in India](https://devsite.nexdigm.com/inthenews/increased-investment-opportunities-for-food-processing-in-india/) - In a bid to weigh opportunities for conducting and expanding business in the food processing industry of India, Nexdigm organized a knowledge-sharing webinar titled "India’s Attractiveness and Opportunities – Food Processing Industry" under its banner series "Diversify to Differentiate – Think India, Think Next!" The webinar, hosted under the aegis of the Consulate General of - [With $1 Trillion in Cyber Theft in 2020, the Need to be Cyber Resilient is Greater Than Ever](https://devsite.nexdigm.com/inthenews/with-1-trillion-in-cyber-theft-in-2020-the-need-to-be-cyber-resilient-is-greater-than-ever/) - Nexdigm hosted a webinar with seasoned experts in technology / techonology risk domain and discussed plausible techniques of enhancing cybersecurity in line with the US Executive Order (EO) on Cybersecurity. After a year of rampant cybercrimes costing in excess of an estimated $1 trillion, the newly announced United States Executive Order on Cybersecurity (EO) seeks - [Business Leaders Laud India’s Success Story](https://devsite.nexdigm.com/inthenews/business-leaders-laud-indias-success-story/) - C-suite executives representing a host of multinational companies from various industries, have complimented India’s dynamic business ecosystem for driving growth despite the global pandemic. Speaking at a panel discussion, the heads of companies like Avgol, Aptar group, AMP Energy, ICICI Bank Canada, unanimously felt that India maintains an attractive environment for companies considering expanding their - [Global Capability Centers Based in India Can Provide Cost Savings of Up to 45% Over 3 - 5 Years, as Per Nexdigm](https://devsite.nexdigm.com/inthenews/global-capability-centers-based-in-india-can-provide-cost-savings-of-up-to-45-over-3-5-years-as-per-nexdigm-2/) - With an increasing focus on digital, over 75% of India-based Global Capability Centers (GCCs) are investing across analytics, cloud migration, and robotic process automation, and over 50% in artificial intelligence, machine learning, and Internet of Things (IoT) as discussed during Nexdigm’s webinar on "India – A Favorable Destination for Global Capability Centers." Nexdigm is a - [Through the Pandemic, India’s Shared Service Centers Delivered to Global Organizational Goals](https://devsite.nexdigm.com/inthenews/through-the-pandemic-indias-shared-service-centers-delivered-to-global-organizational-goals/) - Nexdigm, in association with USIBC (US-India Business Council) and ICICI Bank, Canada, hosted the first in a four-part webinar series "Global Capability Centers – India as the preferred destination." The first webinar focused on evidence-based data behind India being a leading destination for organizations of all sizes to establish a GCC. Global experts shared their - [Nexdigm lays focus on investment opportunities for food processing in India](https://devsite.nexdigm.com/inthenews/nexdigm-lays-focus-on-investment-opportunities-for-food-processing-in-india-2/) - In a bid to weigh opportunities for conducting and expanding business in the food processing industry of India, Nexdigm organized a knowledge-sharing webinar titled ‘India’s Attractiveness and Opportunities – Food Processing Industry’ under its banner series ‘Diversify to Differentiate – Think India, Think Next!.’ The webinar, hosted under the aegis of the Consulate General of - [Global Capability Center (GCC) Strategies Deliver Innovation and Operational Efficiencies](https://devsite.nexdigm.com/inthenews/global-capability-center-gcc-strategies-deliver-innovation-and-operational-efficiencies/) - Nexdigm, in association with USIBC (US-India Business Council) and ICICI Bank, Canada, hosted its second installment in a four-part webinar series on "Global Capability Centers – India as the preferred destination." This webinar concentrated on the key operating models and the evolution of Global Capability Centers (GCCs) while covering essential aspects related to a cyber-resilient - [Nexdigm Announces the Addition of Frank Arcaro as Senior Global Principal Consultant](https://devsite.nexdigm.com/inthenews/indian-global-capability-center-gcc-market-expected-to-generate-over-60-billion-in-revenue-by-2025-experts-cover-key-factors-for-successful-gccs/) - Frank Arcaro is a seasoned global tax professional with over four decades of experience. Before joining Nexdigm, Frank held senior leadership positions with Hollister and KPMG. He holds a Bachelor’s and Master’s degrees in Taxation from DePaul University. He is also a Certified Public Accountant from the University of Illinois, Chicago, USA. Frank will assist - [Indian Global Capability Center (GCC) Market Expected to Generate Over $60 Billion in Revenue by 2025; Experts Cover Key Factors for Successful GCCs](https://devsite.nexdigm.com/inthenews/indian-global-capability-center-gcc-market-expected-to-generate-over-60-billion-in-revenue-by-2025-experts-cover-key-factors-for-successful-gccs-2/) - The Indian Global Capability Center industry is predicted to generate over $60 billion in annual revenue by 2025, up from $36 billion in the current year. In India, more than one million people are currently employed in over 1,430 locations. It is also worth noting that 70 percent of India's GCCs are owned by businesses - [Government's appetite for more GST giving stomach-ache to food aggregators](https://retail.economictimes.indiatimes.com/re-tales/government-s-appetite-for-more-gst-giving-stomach-ache-to-food-aggregators/5215) - [Budget 2022 Highlights: Key Direct Tax Takeaways](https://www.bloombergquint.com/business/budget-2022-highlights-key-direct-tax-takeaways) - [Budget 2022: Finally, India’s crypto taxation is here!](https://www.financialexpress.com/budget/cryptocurrency-tax-news-budget-2022-live-updates-tds-rules-crypto-income-taxation-regulation-for-investors/2421636/) - [Budget 2022-23 Expectations](https://bit.ly/3r9AHQ3) - [Budget 2022 should build confidence in new manufacturing firms](https://www.ipfonline.com/news/detail/industrialsupplies/budget-2022-should-build-confidence-in-new-manufacturing-firms/12641) - [What CFOs expect from Budget 2022?](https://cfo.economictimes.indiatimes.com/news/cfo-expectations-from-budget/89191987) - [Food aggregators to collect 5% GST beginning January 1](https://www.thehindu.com/business/Industry/food-aggregators-to-collect-5-gst-beginning-january-1/article38085705.ece) - [What the weakness in e-way bills foretells](https://www.livemint.com/economy/gst-mop-up-likely-to-ease-this-month-11639333277778.html) - [Fitment panel's GST recommendations may cause an immediate spike in inflation](https://www.business-standard.com/article/economy-policy/fitment-panel-s-gst-recommendations-may-cause-immediate-spike-in-inflation-121120801132_1.html) - [Recent NCLT Ruling on Conversion of Equity into Preference Shares: Analysing the Implications](http://www.lawstreetindia.com/experts/column?sid=618) - [Dealing with Shareholders’ Democracy](http://www.lawstreetindia.com/experts/column?sid=621) - [Nexdigm-Ebner Stolz report](https://www.livemint.com/news/india/india-germany-to-see-growth-in-m-a-space-driven-by-it-auto-pharma-sectors-11633337076321.html) - [GST systems to periodically check monthly return filing compliance for e-way bill blocking](http://www.businessworld.in/article/GST-Systems-To-Periodically-Check-Monthly-Return-Filing-Compliance-For-E-Way-Bill-Blocking/05-10-2021-407422/) - [Supreme Court's Restraint On 'Ideal Gst Law](https://drive.google.com/file/d/1etN6Q4U4VmtXpTn7f252MehkLEaQVWRy/view) - [Relaxations in GST Annual Return & Reconciliation Statement](https://www.taxsutra.com/gst/experts-corner/relaxations-gst-annual-return-reconciliation-statement-boon-or-bane) - [Robust GST collections likely in November, uncertainty about December](https://www.business-standard.com/article/economy-policy/robust-gst-collections-likely-in-november-uncertainty-about-december-121111700737_1.html) - [How Organizations Prepare for Transformation](https://bit.ly/3gXVvo6) - [E -way bill generation to be blocked for GST from 15 August](https://bit.ly/3fIV948) - [Supreme Court’s Restraint on ‘Ideal GST Law’ - Upholds Inverted Duty Structure Refund Restriction](https://www.taxsutra.com/gst/experts-corner/supreme-courts-restraint-ideal-gst-law-upholds-inverted-duty-structure-refund) - [Government’s Clarification on ‘Intermediary Services’ & ‘Distinct Persons’ – A Respite for Service Exporters?](https://www.taxsutra.com/gst/experts-corner/governments-clarification-intermediary-services-distinct-persons-respite-service) - [Income Tax Rule Change: Taxpayers get another oppportunity to file tax settlement](https://bit.ly/3DfVR1M) - [GST council chaired by Finance Minister Nirmala Sitharaman on Friday approved several proposals put forward by the Fitment Committee.](https://bit.ly/3FsDmcG) - [GST Council Meeting Highlights: GST on Zomato Order, Time not Right to Bring Petrol Under GST, Says FM](https://bit.ly/3Be4nOf) - [GST Council thinks not the right time to bring petrol, diesel under GST](https://bit.ly/3uEnoqS) - [Expectations from the upcoming 45th GST Council meeting](https://bit.ly/2XCQWZE) - [Whitepaper on healthcare compliance addresses risks during value transfers faced by healthcare companies](https://bit.ly/3uGpab4) - [2021 Marks 70 Years of Indo German Diplomatic Relations, M&A Deals Pave the Future: Nexdigm-Ebner Stolz Report](https://www.latestly.com/agency-news/business-news-2021-marks-70-years-of-indo-german-diplomatic-relations-ma-deals-pave-the-future-nexdigm-ebner-stolz-report-2896323.html) - [Moving towards Atmanirbharta in Mobile and Electronics Industry](https://timestech.in/budget-2021-22-moving-towards-atmanirbharta-in-mobile-and-electronics-industry/) - [Moving towards Atmanirbharta in Mobile and Electronics Industry](https://idt.taxsutra.com/experts/column?sid=446) - [No Depreciation on Corporate Goodwill a bad pill for M&As?](http://www.businessworld.in/article/No-Depreciation-On-Corporate-Goodwill-A-Bad-Pill-For-M-As/03-02-2021-373174/) - [Union Budget 2021 on ‘GST/Indirect Tax’ - Hits and Misses](https://idt.taxsutra.com/experts/column?sid=445) - [Dissolution or Reconstitution of Firm - Rub Salt Into the Wound?](https://www.taxsutra.com/dt/experts-corner/dissolution-or-reconstitution-firm-rub-salt-wound) - [Post Budget reactions](http://www.businessworld.in/article/Expert-Views-India-Unveils-Budget-In-Wake-Of-COVID-19-Slump-Proposes-Doubling-Healthcare-Spending/01-02-2021-372328/) - [Dividend taxation puts India in quandary; is it justified to impose additional tax on dividends?](https://www.financialexpress.com/market/dividend-distribution-taxation-puts-india-in-quandary-is-it-justified-to-impose-additional-tax-on-dividends/2110499/) - [India's deal market clocks $42 billion in first half of 2020](https://www.consultancy.asia/news/3577/indias-deal-market-clocks-42-billion-in-first-half-of-2020) - [Four provisions for pandemic-proof commercial contracts](https://www.consultancy.in/news/3340/four-provisions-for-pandemic-proof-commercial-contracts) - [Will credit availability fall with additional fields in GSTR 2A? Check how it may affect you](https://www.financialexpress.com/economy/will-credit-availability-fall-with-additional-fields-in-gstr-2a-check-how-it-may-affect-you-indirect-tax-gst-returns/2089943/) - [Vivad Se Vishwas Scheme in a limbo as COVID-19 looms](https://bit.ly/2A1FeeX) - [COVID -19- Need to Restructure](https://bit.ly/2Vc7VOo) - [Equalization Levy on Non-Resident E-Commerce Operators](https://bit.ly/2xF4iHu) - [Honest Taxpayers May Be Spared Brunt Of New Rule (86B)](https://www.bloombergquint.com/gst/gst-input-tax-credit-honest-taxpayers-may-not-bear-brunt-of-new-rule) - [COVID-19 relaxations announced by FM](https://bit.ly/33UyoD2) - [Negotiating a pandemic-proof contract: Why Force Majeure isn’t enough and what needs to be added](https://bit.ly/2Dyhyko) - [FM Sitharaman eases regulatory, tax compliance burden amid Covid-19](https://bit.ly/2UfIWJC) - [India tightens rules on tax residency in crackdown on wealthy evaders](https://bit.ly/3d5kbre) - [Japanese investments in India are poised for a boom](https://devsite.nexdigm.com/inthenews/japanese-investments-in-india-are-poised-for-a-boom/) - Coming Soon - [Should COVID-19 vaccine be taxed? Here’s what may advocate for its tax exemption](http://bit.ly/38mlYI8) - [Is govt taking extreme steps to tighten noose on fake GST registrations?](https://www.financialexpress.com/economy/is-govt-taking-extreme-step-to-tighten-noose-on-fake-gst-registrations-cgst-tax-authories/2166271/) - [GST e-invoicing for midsize firms](https://bit.ly/3utoRyY) - [Indirect Tax Collection exceeds RE, grows 12% in FY21 at INR 10.71 lac cr](https://www.livemint.com/news/india/indirect-tax-collection-exceeds-re-grows-12-in-fy21-at-10-71-lakh-cr-finmin-11618317809770.html) - [Indirect Tax mop-up exceeds RE](https://www.financialexpress.com/economy/indirect-tax-revenue-up-12-pc-at-rs-10-71-lakh-cr-in-fy21-exceeds-re/2232148/) - [Slump Sale - The Changing Landscape](https://www.taxsutra.com/dt/experts-corner/slump-sale-changing-landscape) - [GST Council Meet: Tax Cut On COVID Essentials, Black Fungus Medicine On Agenda](https://bit.ly/3cBwLj1) - [Daily average E-Way bill generation exceeds 16 lakh in June](https://bit.ly/35tk1XR) - [Slump Sales: New Rules Of The Game](https://www.bloombergquint.com/law-and-policy/slump-sales-new-rules-of-the-game) - [Late fee relief to non-filers of GST returns to help small business, add to revenue: Experts](https://devsite.nexdigm.com/inthenews/late-fee-relief-to-non-filers-of-gst-returns-to-help-small-business-add-to-revenue-experts/) - The late fee for non-furnishing of GSTR-3B for July 2017 to April 2021 has been capped at Rs 500 per return for those taxpayers who did not have any tax liability. NEW DELHI: The rationalisation of late fees for delayed filing of monthly GST returns will give relief to small businesses and add to the ## Services Videos - [Investment Funds - Special Considerations on FATCA, Corporate Tax And Transfer Pricing](https://devsite.nexdigm.com/service_video/investment-funds-special-considerations-on-fatca-corporate-tax-and-transfer-pricing/) - [Financial Transactions - Corporate Tax and Transfer Pricing aspects you need to know](https://devsite.nexdigm.com/service_video/financial-transactions-corporate-tax-and-transfer-pricing-aspects-you-need-to-know/) - [Preparing for Implementation of UAE CT and Transfer Pricing including Pillar](https://devsite.nexdigm.com/service_video/preparing-for-implementation-of-uae-ct-and-transfer-pricing-including-pillar/) - [Powering up the ‘A’ in FP&A](https://devsite.nexdigm.com/service_video/powering-up-the-a-in-fpa/) - [Digitization of the Finance Function](https://devsite.nexdigm.com/service_video/digitization-of-the-finance-function/) - [UAE Corporate Tax and Transfer Pricing - Key Strategies](https://devsite.nexdigm.com/service_video/uae-corporate-tax-and-transfer-pricing-key-strategies/) - [Recent Change in Withholding Tax Rate - Impact on Foreign Companies](https://devsite.nexdigm.com/service_video/recent-change-in-withholding-tax-rate-impact-on-foreign-companies/) - [Supply Chain Collaboration- Innovation Practices for Global Supply Chain](https://devsite.nexdigm.com/service_video/supply-chain-collaboration-innovation-practices-for-global-supply-chain/) - [Diversify to Differentiate - Unlocking Opportunities in India's Food Processing Sector](https://devsite.nexdigm.com/service_video/diversify-to-differentiate-unlocking-opportunities-in-indias-food-processing-sector/) - [Contract Management - The Importance of Cross-function Collaboration](https://devsite.nexdigm.com/service_video/contract-management-the-importance-of-cross-function-collaboration/) - [Fundamentals of UAE's FATCA/CRS Compliances](https://devsite.nexdigm.com/service_video/fundamentals-of-uaes-fatca-crs-compliances/) - [Uncovering the Intricacies of UAE's Corporate Tax Regime](https://devsite.nexdigm.com/service_video/uncovering-the-intricacies-of-uaes-corporate-tax-regime/) - [SEBI LODR Regulation and its Impact on Related Party Transactions](https://devsite.nexdigm.com/service_video/sebi-lodr-regulation-and-its-impact-on-related-party-transactions/) - [Recent Amendments in Tax Affecting Pharma and FMCG Companies](https://devsite.nexdigm.com/service_video/recent-amendments-in-tax-affecting-pharma-and-fmcg-companies/) - [Key Takeaways of the US Cybersecurity Executive Order](https://devsite.nexdigm.com/service_video/key-takeaways-of-the-us-cybersecurity-executive-order/) - [Global Contract Management and Process Improvement](https://devsite.nexdigm.com/service_video/global-contract-management-and-process-improvement/) - [Unbundling India Budget 2022](https://devsite.nexdigm.com/service_video/unbundling-india-budget-2022/) - [Post Budget Session on Service Exports](https://devsite.nexdigm.com/service_video/post-budget-session-on-service-exports/) - [GCC Session 4 - Role of technology in virtual migration, transformation, and governance of a GCC](https://devsite.nexdigm.com/service_video/gcc-session-4-role-of-technology-in-virtual-migration-transformation-and-governance-of-a-gcc/) - [GCC Session 3 - Catalyze transformations and take advantage of multi-functional GCCs](https://devsite.nexdigm.com/service_video/gcc-session-3-catalyze-transformations-and-take-advantage-of-multi-functional-gccs/) - [GCC Session 1 - GCCs - India as the preferred destination | Enhanced resilience to the pandemic](https://devsite.nexdigm.com/service_video/gccs-india-as-the-preferred-destination-enhanced-resilience-to-the-pandemic/) - [GCC Session 2 - Key operating models and How to build Cyber-resilient GCC operations](https://devsite.nexdigm.com/service_video/gcc-session-2-key-operating-models-and-how-to-build-cyber-resilient-gcc-operations/) - [GST - Practical Insights into Audit & Investigation](https://devsite.nexdigm.com/service_video/gst-practical-insights-into-audit-investigation/) - [India's Attractiveness and Opportunities – Food Processing Industry](https://devsite.nexdigm.com/service_video/indias-attractiveness-and-opportunities-food-processing-industry/) - [Nexdigm-Taxsutra Webinar: Departmental GST Audit, Investigation and Litigation](https://devsite.nexdigm.com/service_video/nexdigm-taxsutra-webinar-departmental-gst-audit-investigation-and-litigation/) - [Diversify to Differentiate - Think India, Think Next!: Key Economic Reforms & PLI Schemes](https://devsite.nexdigm.com/service_video/diversify-to-differentiate-think-india-think-next-key-economic-reforms-pli-schemes/) - [An Overview of FTA Audit, Penalties and Recent Clarifications](https://devsite.nexdigm.com/service_video/an-overview-of-fta-audit-penalties-and-recent-clarifications/) - [Shift to mass personalization to elevate customer experience](https://devsite.nexdigm.com/service_video/shift-to-mass-personalization-to-elevate-customer-experience/) - [Indian Healthcare Today - New Opportunities and Access to Growth](https://devsite.nexdigm.com/service_video/indian-healthcare-today-new-opportunities-and-access-to-growth/) - [Integrating Technology for Improving Supply Chain](https://devsite.nexdigm.com/service_video/integrating-technology-for-improving-supply-chain/) - [Diversify to Differentiate – Think India, Think Next! Indian Food Processing Agri & Agro Chem Sector](https://devsite.nexdigm.com/service_video/diversify-to-differentiate-think-india-think-next-indian-food-processing-agri-agro-chem-sector-2/) - [Global Anti-Bribery Corruption Insights
- Wilson Ang](https://devsite.nexdigm.com/service_video/global-anti-bribery-corruption-insights-wilson-ang/) - [Diversify to Differentiate – Think India, Think Next! Indian Food Processing Agri & Agro Chem Sector](https://devsite.nexdigm.com/service_video/diversify-to-differentiate-think-india-think-next-indian-food-processing-agri-agro-chem-sector/) - [Diversify to Differentiate – Think India, Think Next! Growing Access Opens New Opportunities in Indian Healthcare](https://devsite.nexdigm.com/service_video/diversify-to-differentiate-think-india-think-next-growing-access-opens-new-opportunities-in-indian-healthcare/) - [Greenfield](https://devsite.nexdigm.com/service_video/greenfield-video/) - [video 2](https://devsite.nexdigm.com/service_video/video-2/) - [Video 1](https://devsite.nexdigm.com/service_video/video-1/) ## Credentials - [Corporate Services 1](https://devsite.nexdigm.com/credentials_post/corporate-services-1/) - A US company started its business in India with ambitious growth plans. The finance controlling team of Nexdigm designed effective internal controls, drafted and implemented SOPs and set up a tailor-made accounting and reporting system to support the planned growth in India. Today, their Indian arm has grown to a team size of over 750 - [Due diligence | Alloys](https://devsite.nexdigm.com/credentials_post/due-diligence-alloys/) - Conducted the financial due diligence of a Public Sector Unit for a leading private equity firm - [Event Management](https://devsite.nexdigm.com/credentials_post/event-management/) - Purchase price allocation of investments made in an early stage startup offering DIY ticketing services for India's largest online ticketing platform. - [Professional Sports](https://devsite.nexdigm.com/credentials_post/professional-sports/) - Submission of a competition assessment report in relation to an alleged abuse of dominant position by a leading sports body in India - [Auto-components](https://devsite.nexdigm.com/credentials_post/auto-components/) - Submission of a competition assessment report for Form I filing for a proposed acquisition of an auto-components company by a billion-dollar Indian conglomerate. - [Transportation](https://devsite.nexdigm.com/credentials_post/transportation/) - Provided advisory support and prepared an economic assessment report for an alleged abuse of dominant position and predatory pricing by a leading taxi aggregator in India. - [Telecom Operators](https://devsite.nexdigm.com/credentials_post/telecom-operators/) - Submission of a competition assessment report for a Form II filing about a proposed USD 20 billion merger between leading telecom operators in India. The transaction was unconditionally cleared by the CCI. - [Enterprise Solutions](https://devsite.nexdigm.com/credentials_post/enterprise-solutions/) - Buy side valuation of an enterprise tech-product start-up for an investment by a leading listed Indian financial institution. - [Online Gaming](https://devsite.nexdigm.com/credentials_post/online-gaming/) - Buy side valuation of an online poker platform in India for a South East Asian Investment Group, looking to invest in the Indian online gaming circuit. - [FinTech](https://devsite.nexdigm.com/credentials_post/fintech/) - Buy side valuation for a FinTech start-up focusing on MSME lending using customised products that use technology as an enabler for dynamic credit assessment and speedy disbursals & collections. - [Microfinance](https://devsite.nexdigm.com/credentials_post/microfinance/) - Buy side valuation of an Indian Microfinance company for a premier Indian NBFC with a strategic intent to cross sell products and meet PSL targets - [Insurance Aggregator](https://devsite.nexdigm.com/credentials_post/insurance-aggregator/) - Fair valuation of India's largest online insurance aggregator, on behalf of a leading Hedge Fund for financial reporting. - [Life Insurance](https://devsite.nexdigm.com/credentials_post/life-insurance/) - Valuation review of a Indo-Japanese Life Insurance company and assisting a top Indian bank in sell side negotiations with their JV partner. - [e-Commerce](https://devsite.nexdigm.com/credentials_post/e-commerce/) - Fair valuation of an Indian e-commerce giant on behalf of a leading Alternate Asset Manager (with multiple investments in the Indian e-commerce industry) for financial reporting. - [IT Risk Advisory 4](https://devsite.nexdigm.com/credentials_post/it-risk-advisory-4/) - Developed a workflow management tool for one of India’s largest BPO companies, for its project management and offshore delivery centre. - [IT Risk Advisory 3](https://devsite.nexdigm.com/credentials_post/it-risk-advisory-3/) - Developed a virtual IT security operations centre for a global entity to manage, operate, monitor and report on its entire IT infrastructure across three continents. - [IT Risk Advisory 2](https://devsite.nexdigm.com/credentials_post/it-risk-advisory-2/) - Advised a leading e-commerce company in India on the solutions to plug its IT threats and control failures across the organization. - [IT Risk Advisory 1](https://devsite.nexdigm.com/credentials_post/it-risk-advisory-1/) - Assisted a leading financial institution in India to setup a continuous monitoring process for its risk management function. - [Risk Advisory Internal Audit 9](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-9/) - Assisted a leading pharmaceutical and surgical device MNC with a third-party dealers’ review and provided process improvement areas to prevent revenue leakages and future noncompliance with the terms of the contract - [Risk Advisory Internal Audit 8](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-8/) - Assisted in the internal control review for a leading listed shipping company who is a leading provider of a unique range of operations at sea - [Risk Advisory Internal Audit 7](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-7/) - Assisted a large Indian IT MNC, valued at approx. USD 3.5 billion, with operations in over 50 countries in reviewing their operating effectiveness of internal financial control - [Risk Advisory Internal Audit 6](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-6/) - Developed a periodic monitoring mechanism for a leading wealth management company to minimise commission leakages - [Risk Advisory Internal Audit 5](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-5/) - Provided a leading mutual fund company with a solution addressing brokerage payment leakages - [Risk Advisory Internal Audit 4](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-4/) - Assisted the subsidiary of one of the largest global contract manufacturing companies in identifying the root cause of incurring losses in cost-plus arrangements, and taking corrective actions - [Risk Advisory Internal Audit 3](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-3/) - Assisted an Indian cash card company in strengthening their internal controls in relation to key compliances and business processes - [Risk Advisory Internal Audit 2](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-2/) - Advised a US-listed shipping company on improving commercial contracting based on their expenditure pattern which resulted in recurring annual cost saving for its subsidiary - [Risk Advisory Internal Audit 1](https://devsite.nexdigm.com/credentials_post/risk-advisory-internal-audit-1/) - Assisted a leading Indian oil refinery company with a comprehensive review of the payment channel and addressed fraud risks in its regional operations process - [Forensics 8](https://devsite.nexdigm.com/credentials_post/forensics-8/) - Investigated select clearing and forwarding agents to gather evidence on the misappropriation of stock and cash for a leading multinational cosmetic company. - [Forensics 7](https://devsite.nexdigm.com/credentials_post/forensics-7/) - Forensic examination of allegations of fund diversion made against the finance controller of a pharmaceutical company. - [Forensics 6](https://devsite.nexdigm.com/credentials_post/forensics-6/) - Conducted a review to ascertain the end use of funds on behalf of the investor company for a large multinational bank. - [Forensics 5](https://devsite.nexdigm.com/credentials_post/forensics-5/) - Conducted a review to ascertain the end-use monitoring of funds to identify indications of fund diversions by senior management, for a US-based NGO. - [Forensics 4](https://devsite.nexdigm.com/credentials_post/forensics-4/) - Reviewed electronic communication to identify indications of misconduct concerns raised by the whistle-blower, for a multinational home appliance manufacturer. - [Forensics 3](https://devsite.nexdigm.com/credentials_post/forensics-3/) - Investigated potential misconduct by dealers in channel discounts/inventory reporting for a multinational healthcare company. - [Forensics 2](https://devsite.nexdigm.com/credentials_post/forensics-2/) - Investigated multiple misconduct incidents, including kickbacks from subcontractors and potential facilitation payments to public officials, for a multinational engineering company. - [Forensics 1](https://devsite.nexdigm.com/credentials_post/forensics-1/) - Assisted in conducting a review to identify the root causes and quantify the extent of fraud losses due to an internal bank payment fraud for an oil & gas major. - [Succession Planning](https://devsite.nexdigm.com/credentials_post/succession-planning/) - Guided an HNI on a tax-efficient method of distribution of properties held in an Hindu Undivided Family (HUF) and future inheritance planning through a trust structure - [Indonesian promoters holding investment in India through Mauritius](https://devsite.nexdigm.com/credentials_post/indonesian-promoters-holding-investment-in-india-through-mauritius/) - Advised a High Net-worth Individual (HNI) with an effective mode of succession planning to balance current and future objectives of wealth distribution and wealth protection - [Settlement Structuring](https://devsite.nexdigm.com/credentials_post/settlement-structuring/) - Supported non-resident promoters of an international real estate group in restructuring the ultimate shareholding of their Indian entity so as to achieve the desired holding within the family members - [Restructuring of family businesses held in multiple entities](https://devsite.nexdigm.com/credentials_post/restructuring-of-family-businesses-held-in-multiple-entities/) - Supported the promoters of a listed entity with various structuring options to meet their desired objectives for a family-settlement arrangement - [Structuring the wealth of a high net worth family](https://devsite.nexdigm.com/credentials_post/structuring-the-wealth-of-a-high-net-worth-family-2/) - Assisted promoters in restructuring their businesses, and minimize the time and cost of managing multiple entities in order to bring efficiency. We also assisted them in structuring the succession planning while balancing the family arrangements - [Structuring the wealth of a high net worth family](https://devsite.nexdigm.com/credentials_post/structuring-the-wealth-of-a-high-net-worth-family/) - Guided a high net worth family possessing vast pieces of land to structure their holdings in a tax-efficient manner, unlocking value and building a permanent establishment friendly structure for attracting investments - [Luxembourg-Based FPI with approx USD 100 million Investment in Indian Debt Securities](https://devsite.nexdigm.com/credentials_post/luxembourg-based-fpi-with-approx-usd-100-million-investment-in-indian-debt-securities/) - Assisted the FPI in structuring the coupon rate of a Non-Convertible Debenture (NCD) of Indian investee companies, in a manner that concessional withholding tax rate of 5% would apply over the rate of 10% under the Indian-Luxembourg tax treaty. - [Large Sovereign Backed Mauritius Entity](https://devsite.nexdigm.com/credentials_post/large-sovereign-backed-mauritius-entity/) - Provided tax and regulatory services to the Mauritius entity in divesting its stake in a listed Indian company. - [Middle East-Based Largest Insurance Company](https://devsite.nexdigm.com/credentials_post/middle-east-based-largest-insurance-company/) - Assisted in obtaining a ‘Nil’ withholding tax certificate from Indian tax authorities on FPI income from investments in India in securities receipt. - [Mauritius-Based one of the Largest Venture Capital Firm](https://devsite.nexdigm.com/credentials_post/mauritius-based-one-of-the-largest-venture-capital-firm/) - Assisted in obtaining a lower withholding tax certificate from Indian income tax authorities for gains on stake sale in widely publicized deal in the telecom sector. - [Financial Institutions & Banks Based in USA, Hong Kong, Mauritius, etc.](https://devsite.nexdigm.com/credentials_post/financial-institutions-banks-based-in-usa-hong-kong-mauritius-etc/) - Advised FPIs from multiple countries in setting up operations and handling end-to-end compliances (registration, accounting, etc.) for FPIs from all over the world. - [US-based financial service company](https://devsite.nexdigm.com/credentials_post/us-based-financial-service-company/) - Assisted US multinational group having presence in more than 30 countries in restructuring its holding structure in a tax efficient manner keeping in mind the BEPS considerations - [UK-UAE based large oil and gas group](https://devsite.nexdigm.com/credentials_post/uk-uae-based-large-oil-and-gas-group/) - Advised a UK-UAE based large oil and gas EPC company with respect to taxability of EPC projects undertaking - [One of the Largest French Chemicals Manufacturer](https://devsite.nexdigm.com/credentials_post/one-of-the-largest-french-chemicals-manufacturer/) - Assisted in preparing the group master file of the company and its 50+ subsidiaries across the globe. - [US-Based Nonprofit Organization](https://devsite.nexdigm.com/credentials_post/us-based-nonprofit-organization/) - Assisted in negotiating the terms of unilateral APA with respect to remunerating the subsidiary for its investment advisory services, thereby saving nearly one-third of the tax costs for the group. - [Leading Singaporean HR Consulting Group](https://devsite.nexdigm.com/credentials_post/leading-singaporean-hr-consulting-group/) - Advised in devising a tax-efficient transfer pricing policy for the companies related party dealings across the Asia-Pacific region. - [French Cosmetic Company](https://devsite.nexdigm.com/credentials_post/french-cosmetic-company/) - Assisted in defending its Advertisement, Marketing and Promotional expenses and achieving favorable results during the audit process before the tax authorities. - [Paint Manufacturing Company](https://devsite.nexdigm.com/credentials_post/paint-manufacturing-company/) - Advised in devising global transfer pricing policies for the company and its 23 subsidiaries across the globe, especially regarding license fees and management charges. - [Middle East-Based Shipping Group](https://devsite.nexdigm.com/credentials_post/middle-east-based-shipping-group/) - Advised in revising the pricing policy for their subsidiary from a commission basis to a cost-plus basis, resulting in significant tax savings. - [Regulatory and Corporate Advisory 8](https://devsite.nexdigm.com/credentials_post/regulatory-and-corporate-advisory-8/) - Successfully defended a large carpet manufacturing multinational company on withholding tax positions relating to intra-group payments - [Regulatory and Corporate Advisory 7](https://devsite.nexdigm.com/credentials_post/regulatory-and-corporate-advisory-7/) - Advised a leading medical device and implant company on tax withholding of distributor payments in multiple countries - [Regulatory and Corporate Advisory 6](https://devsite.nexdigm.com/credentials_post/regulatory-and-corporate-advisory-6/) - Advised a British pharmaceutical company on minimizing tax in the UK and other jurisdictions on international royalty income from five countries - [Regulatory and Corporate Advisory 5](https://devsite.nexdigm.com/credentials_post/regulatory-and-corporate-advisory-5/) - Advised a global shipping group on migrating its Indian operations from a company structure to a Limited Liability Partnership (LLP) structure in a tax-efficient manner - [Regulatory and Corporate Advisory 4](https://devsite.nexdigm.com/credentials_post/regulatory-and-corporate-advisory-4/) - Evaluated the impact of the newly introduced Goods and Services Tax (GST) on one of the world’s largest vaccine manufacturer and assisted in revisiting the sales strategies and pricing policies - [Regulatory and Corporate Advisory 3](https://devsite.nexdigm.com/credentials_post/regulatory-and-corporate-advisory-3/) - Assisted a US-listed publishing company in formulating a global transfer pricing policy with respect to intra-group transactions with its Indian subsidiary and maintaining documentation under US and Indian regulations - [Regulatory and Corporate Advisory 2](https://devsite.nexdigm.com/credentials_post/regulatory-and-corporate-advisory-2/) - Successfully assisted a US based entity engaged in investment advisory services in signing a Unilateral Advance Pricing Agreement with the Indian Tax Authorities - [Regulatory and Corporate Advisory 1](https://devsite.nexdigm.com/credentials_post/regulatory-and-corporate-advisory-1/) - Advised a listed Indian company on the optimal holding company jurisdiction for it to make investments or acquisitions in 23 target countries - [Corporate Services 5](https://devsite.nexdigm.com/credentials_post/corporate-services-5/) - A US-based enterprise software company acquired an enterprise, which was later hived off into a separate entity. As their turnkey solution provider, Nexdigm assisted with set-up services as well as back-office support needed to manage operations in India. With rigorous planning, effective collaboration and effective project management, we ensured that the client’s business continued as - [India’s largest paint manufacturing company](https://devsite.nexdigm.com/credentials_post/indias-largest-paint-manufacturing-company/) - Advised on withholding tax matters in connection with making multi-vendor payments to 30 countries by analyzing tax treaty provisions - [Indian listed gems and jewellery company](https://devsite.nexdigm.com/credentials_post/indian-listed-gems-and-jewellery-company/) - Successfully defended before the Appellate Tribunal and proved that the write-off of the overseas subsidiaries was a tax-deductible loss - [India’s largest telecom company](https://devsite.nexdigm.com/credentials_post/indias-largest-telecom-company/) - Carrying out withholding tax health check for largest Telecom MNC in India, and assisting them in streamlining the operational gaps in processes and controls - [India’s first and largest asset reconstruction company](https://devsite.nexdigm.com/credentials_post/indias-first-and-largest-asset-reconstruction-company/) - Successfully defended before CIT(A) to establish that income was taxable in the hands of investor and not in the hands of Special Purpose Vehicle - [India’s largest tyre manufacturing company](https://devsite.nexdigm.com/credentials_post/indias-largest-tyre-manufacturing-company/) - Assisted in improving the TDS process and related internal controls and managed their TDS compliances - [Indian listed irrigation equipment company](https://devsite.nexdigm.com/credentials_post/indian-listed-irrigation-equipment-company/) - Advised on taxability of subsidy receipts from Government, thereby saving substantial taxes - [US-based investment banking and financial services group](https://devsite.nexdigm.com/credentials_post/us-based-investment-banking-and-financial-services-group/) - Identified additional tax incentives, streamlined withholding tax procedures and managed entire withholding tax compliances - [UK-based structural designing company](https://devsite.nexdigm.com/credentials_post/uk-based-structural-designing-company/) - Advised multiple overseas entities and their Indian subsidiaries in filing tax returns in India considering contentious positions on revenue recognition and PE exposure - [Taxation 4](https://devsite.nexdigm.com/credentials_post/taxation-4/) - Represented a large French MNC engaged in water-soluble polymers to get the revision proceeding dropped at the revenue authority level itself. - [Taxation 1](https://devsite.nexdigm.com/credentials_post/taxation-1/) - Advised a listed Indian company on the optimal holding company jurisdiction for it to make investments or acquisitions in 23 target countries. - [Corporate Services 6](https://devsite.nexdigm.com/credentials_post/corporate-services-6/) - 6. A newly set up Indian subsidiary of a large Canadian entity wanted to use the accounting services of its shared service center based in Sri Lanka. The shared services center was unfamiliar with India’s taxation requirements and needed assistance in completing the User Acceptance Testing (UAT) for their enterprise software (SAP). The Finance Controlling - [Corporate Services 4](https://devsite.nexdigm.com/credentials_post/corporate-services-4/) - 4. A UK-based engineering company met with various compliance challenges that stemmed from inadequate handholding in their set up stage. This was further compounded by significant growth that brought forth many cross-border transactions. The finance controlling team of Nexdigm stepped in and prioritized and tracked all open matters, liaised with various parties and provided innovative - [Corporate Services 3](https://devsite.nexdigm.com/credentials_post/corporate-services-3/) - A start-up Wealth Management Company took over business from another company. The Company Secretarial team of Nexdigm meticulously planned, monitored and executed the compliances by liaising with the investors while also taking cognizance of the shareholder’s agreement and exchange regulations. - [Corporate Services 2](https://devsite.nexdigm.com/credentials_post/corporate-services-2/) - A German conglomerate was witnessing a change in management in one of its subsidiaries in India. Our finance controlling team played a pivotal role in facilitating the change by proactively identifying issues, giving solutions acceptable to both the management teams and implementing the changes resulting in a seamless transition to the new management team. - [Business Process management 5](https://devsite.nexdigm.com/credentials_post/business-process-management-5/) - Assisted multiple customers in transitioning from one ERP system to another and provided ongoing master maintenance. It involved working with customers, ERP consultants and multiple internal IT applications. - [Business Process management 4](https://devsite.nexdigm.com/credentials_post/business-process-management-4/) - Assisted a software company which specializes in managed engineering services for the pharma industry. Nexdigm was given complete ownership of accounts payable, accounts receivable, bank, payroll, general ledger management processes for all countries in which the client operated, namely, Ireland, US, UK, Germany, Singapore and India. - [Business Process management 3](https://devsite.nexdigm.com/credentials_post/business-process-management-3/) - Set up a shared service centre for a PE owned healthcare firm. It combined F&A and compliance management across Asia. The solution involved working across cultures, timezones and languages to deliver seamless services. It enables the financial controller to have effective management without having to add to the headcount across countries. - [Business Process management 1](https://devsite.nexdigm.com/credentials_post/business-process-management-1/) - Managed all buy-side contracts across the globe for a large US-based business. It involved working across countries, entities and teams to deliver a consistent and seamless turnaround of contracts within specified timelines. The engagement meant working with the client to create negotiation playbooks and actively partnering with the commercial and legal teams for faster closure. - [Business Process management 2](https://devsite.nexdigm.com/credentials_post/business-process-management-2/) - Nexdigm was given complete ownership of the accounts payable and recharge processes for a UK AIM listed company which manages over 150 aircrafts and operates in the UK, US, Dubai, Switzerland and Hong Kong. Nexdigm manages these processes for all locations of the client with a delivery team of over 65 people. - [Due diligence | ITeS](https://devsite.nexdigm.com/credentials_post/due-diligence-ites/) - Conducted a due diligence for a listed Japanese diversified conglomerate while acquiring a listed IT company in software and infrastructure and maintenance services - [Due diligence | Capital goods](https://devsite.nexdigm.com/credentials_post/due-diligence-capital-goods/) - Conducted a financial and tax due diligence for a French conglomerate looking to acquire an Indian listed company which is in manufacturing material handling equipment - [Joint Venture - Valuation](https://devsite.nexdigm.com/credentials_post/joint-venture-valuation/) - Valuation of an Indo-Austrian joint venture engaged in manufacturing ballasts and LED drivers for a majority stake sale. Analysed the JV agreements and the related legal documents keeping in view the dynamics of the Indian lighting industry Determination of valuation based on the industry trends • Identified brand exclusivity and a noncompete agreement as key - [Acquisition | Poultry](https://devsite.nexdigm.com/credentials_post/acquisition-poultry/) - Assisted in acquiring five business units of a Public Limited Company by a listed entity on a slump sale. Our scope of work included preparation of a plan for acquisition, valuation, compliance and registrations to be taken, - [Acquisition | Pumps](https://devsite.nexdigm.com/credentials_post/acquisition-pumps/) - Assisted a German group for acquiring the majority stake in an Indian company from promoter in tranches through a share purchase agreement. - [Due diligence and transaction structuring | Online education](https://devsite.nexdigm.com/credentials_post/due-diligence-and-transaction-structuring-online-education/) - Provided financial and tax due diligence support and transaction advisory to a billion-dollar multinational Japanese conglomerate in their acquisition of online education companies - [Due diligence and transaction structuring | Engineering](https://devsite.nexdigm.com/credentials_post/due-diligence-and-transaction-structuring-engineering/) - Provided financial and tax due diligence support and transaction advisory services on target subsidiaries providing NDT services to cross-country pipelines and petrochemical projects base - [Acquisition | Electronics](https://devsite.nexdigm.com/credentials_post/acquisition-electronics/) - Assisted a Swiss company in acquiring a Public Limited Company which is in manufacturing of process control instruments. This included term sheet point negotiation, valuation negotiation, financial and tax due diligence, review of the definitive agreements, regulatory compliance, transaction structuring, escrow account assistance, etc. - [Acquisition | Automotive Ancillary](https://devsite.nexdigm.com/credentials_post/acquisition-automotive-ancillary/) - Assisted a Japanese conglomerate in acquiring an identified unit of a listed company in automotive component manufacturing. Our scope of work included term sheet, negotiation points, valuation negotiation, financial and tax due diligence, review of definitive agreements, post-merger integration support, regulatory compliances, transaction structuring, assistance in getting approvals under the Competition Act, etc. - [Increased savings in supply chain cost by adding another warehouse](https://devsite.nexdigm.com/credentials_post/warehouse-network-optimization/) - Recommended ideal supply chain network design in terms of right stocking locations, distribution centers to address the needs of the existing distributors and source nodes (plant/import ports) for the world leader in rapid diagnostics. Area: Warehouse Network Optimization - [Greater annual savings in costs by optimizing the warehouse network](https://devsite.nexdigm.com/credentials_post/4pl-commercial-evaluation/) - Reviewed logistics operations and costs for an global healthcare giant in Australia to identify savings/optimization/efficiency opportunities. Area: 4L Commercial Evaluation - [22 Countries serviced by the APAC hub, with projected improvement in key indicators](https://devsite.nexdigm.com/credentials_post/distribution-hub-setup/) - Setup a distribution hub for a Medical Devices company in APAC to address challenges in supply chain optimization, inventory management and working capital management. Area: Distribution Hub Setup - [Greenfield Setup: Avgol, leading nonwoven textile manufacturer](https://devsite.nexdigm.com/credentials_post/greenfield-setup-avgol-leading-nonwoven-textile-manufacturer/) - Avgol (listed on the Tel Aviv stock exchange), one of the largest manufacturers of ultra lightweight, top quality non-woven fabrics for hygiene products, wanted to set up a manufacturing facility in India. Nexdigm was an implementation partner, assisting in planning and execution. The initial part of the project covered entry strategy, capital structuring, location planning, - [Greenfield Setup: For a US-based Medical Devices Company](https://devsite.nexdigm.com/credentials_post/greenfield-setup-for-a-us-medical-devices-company/) - A US-based medical devices company was looking to set up a manufacturing facility in India. Nexdigm provided business and regulatory advisory support for greenfield manufacturing setup and helped complete it in record time. We also provided program management for key aspects including planning, vendor onboarding and management, contractual obligation tracking, registrations and approvals, human resources - [Acquisition: NHK Springs, one of the world’s leading Springs Manufacturer](https://devsite.nexdigm.com/credentials_post/acquisition-nhk-springs-one-of-the-worlds-leading-springs-manufacturer/) - NHK Springs, listed on the Tokyo Stock Exchange was in discussions with a public Indian company to acquire its spring manufacturing unit. Nexdigm was contracted by the company’s M&A team with an initial mandate to conduct onsite financial and tax due diligence. We assisted in pre-acquisition planning and strategy, including advising on aspects such as - [Post Merger Integration: Cardinal Health, a Global Healthcare Company](https://devsite.nexdigm.com/credentials_post/post-merger-integration-cardinal-health-a-global-healthcare-company/) - Cardinal Health, a Fortune 500 healthcare services company acquired a business line from another Fortune 500 company, and had to deal with post-acquisition process integration across five Asia-Pacific countries. Nexdigm developed country-specific integration roadmaps, helping Cardinal navigate culturally diverse business practices. Key activities involved monitoring complex business activities, meeting regulatory licensing requirements, and assisting regional - [Restructuring: Stemcor, an independent service provider for the Steel Industry](https://devsite.nexdigm.com/credentials_post/restructuring-stemcor-an-independent-service-provider-for-the-steel-industry/) - One of the largest independent steel trading companies engaged Nexdigm to project manage the sale of its Indian iron ore and steel palletization plant. We acted as the local advisory team providing support, expert advice, and local knowledge to the Global Chief Restructuring Officer, his team in India, and the Client’s senior management. The assignment - [Business Divestiture: Global US Headquartered Banking and Financial Services Corporation](https://devsite.nexdigm.com/credentials_post/business-divestiture-global-us-headquartered-banking-and-financial-services-corporation/) - Nexdigm provided strategic initiatives services for a global wealth management and brokerage firm, divesting their wealth management business. The transaction involved the transfer of billions of dollars of assets under management to another global wealth management company. We prepared a detailed transaction execution plan including roadmaps and checklists for critical tasks. Other activities included program - [AEO certification](https://devsite.nexdigm.com/credentials_post/aeo-certification/) - Obtaining AEO T-1 certification for the client, providing him substantial benefits by improving the efficiency in Customs procedures at the time of imports and exports. - [Representation with the GST Council](https://devsite.nexdigm.com/credentials_post/representation-with-the-gst-council/) - The implementation of GST brought our client under the ambit of Inverted Duty Rate Structure, i.e., the higher tax rate on inputs as compared to the tax rate on outputs which results into the massive accumulation of tax credits. Given the inverted duty structure, such accumulated tax credits would get accumulated in the long run - [Deliberations with Group of Ministers (GoM) for providing industry feedback and perspective on various issues under the GST regime](https://devsite.nexdigm.com/credentials_post/deliberations-with-group-of-ministers-gom-for-providing-industry-feedback-and-perspective-on-various-issues-under-the-gst-regime/) - In the GoM meeting, crucial discussions on the multiple aspects of the return mechanism were held. The GST Council apprised us of the various returns models conceptualized and their key features. Based on our discussions during the meeting, we obtained feedback from our clients. Based on the client feedback and our analysis of the implications - [Compliance In Healthcare 1](https://devsite.nexdigm.com/credentials_post/compliance-in-healthcare-1/) - Supported in conducting validating visits at the conference or event location to corroborate the number of participants, the nature of gifts, the details of speakers, etc. mentioned in the event documentation. - [Compliance In Healthcare 2](https://devsite.nexdigm.com/credentials_post/compliance-in-healthcare-2/) - Supported a multinational healthcare company with the pre-event and post-event documentation with reference to events/conferences sponsored or organized by the company. - [Compliance In Healthcare 3](https://devsite.nexdigm.com/credentials_post/compliance-in-healthcare-3/) - Supported in monitoring of marketing compliances on an ongoing basis to identify red flags that could be considered a deviation from the company policies. - [Compliance In Healthcare 4](https://devsite.nexdigm.com/credentials_post/compliance-in-healthcare-4/) - Conducted multiple investigations for a leading healthcare company involving inappropriate dealer claims, falsified documentation in collusion with employees or undeclared conflict of interest between employee and third party. - [Compliance In Healthcare 5](https://devsite.nexdigm.com/credentials_post/compliance-in-healthcare-5/) - Multiple internal control reviews on compliances for healthcare companies for areas including contractual payments to HCPs and third party compliances. - [UAE-based hotel technology company](https://devsite.nexdigm.com/credentials_post/uae-based-hotel-technology-company/) - Evaluation of alternative holding company jurisdictions, deciding on the organization structure and designing a tax efficient business model - [UAE Based real estate group](https://devsite.nexdigm.com/credentials_post/uae-based-real-estate-group/) - Advised a UAE-based group in structuring a real estate investment trust in India - [American lifestyle and performance footwear company](https://devsite.nexdigm.com/credentials_post/american-lifestyle-and-performance-footwear-company/) - Advised on tax implications of group restructuring considering the indirect transfer provisions in India - [UK-based leading player in oil and gas industry](https://devsite.nexdigm.com/credentials_post/uk-based-leading-player-in-oil-and-gas-industry/) - Evaluation of tax implications for six alternative business models, involving setting up consortiums amongst different contracting parties, direct investment in India through alternative operating vehicles, direct bid by an overseas entity and connection options - [Japan-based chemical conglomerate](https://devsite.nexdigm.com/credentials_post/japan-based-chemical-conglomerate/) - Advised on PE exposure in India arising due to trading, commission and service businesses and suggesting PE risk mitigation strategies - [Denmark-based shipping company](https://devsite.nexdigm.com/credentials_post/denmark-based-shipping-company/) - Review and improvement of existing transfer pricing policy to rationalize profits earned in India, coupled with migration of Indian operations to a limited liability partnership structure - [Consumer Goods](https://devsite.nexdigm.com/credentials_post/consumer-goods/) - Project Scope: Setup and development of inventory, network, and capacity CoE for a major USA based client Client Advantage: COE identified 50+ projects leading to savings of over USD 100 million - [Insurance](https://devsite.nexdigm.com/credentials_post/insurance/) - Project Scope: Setup and management of Cross-functional Analytics CoE which covered analytics across functions like Customer, Sales channels (Both online and offline), Underwriting, Marketing, Retention, and Operations. Client Advantage: Increased Customer retention by 12%, reduced Claims payouts by 15% and increased customer cross-sell by 20%. - [FMCG](https://devsite.nexdigm.com/credentials_post/fmcg/) - Project Scope: Integration of distribution operations and systems with multidisciplinary teams for a successful operational consolidation Client Advantage: Successful integration of 5 businesses at one location - [Multiple](https://devsite.nexdigm.com/credentials_post/multiple/) - Project Scope: Project management support for large greenfield operations Client Advantage: Seamlessly executed Greenfield setup - [Telecom](https://devsite.nexdigm.com/credentials_post/telecom/) - Project Scope: Data science driven Customer Value Management solutions for multiple Telecom companies in SE Asia, India, Middle East, and Europe using Big Data technologies. Client Advantage: Revenue augmentation of over USD 250 million - [Telecom](https://devsite.nexdigm.com/credentials_post/telecom-2/) - Project Scope: Setup of an Analytics CoE for a Fortune 500 company to cater to end-to-end Customer Value Management, including acquisition, distribution, management, and retention. Client Advantage: Overall revenue increase of over USD 50 million - [Agro-Chemicals](https://devsite.nexdigm.com/credentials_post/agro-chemicals/) - Project Scope: Transformation of the Sales and Operations Planning (S&OP) process for the organization. Client Advantage: Cost savings of over USD 15 million due to sound operational planning - [Personal Care](https://devsite.nexdigm.com/credentials_post/personal-care/) - Project Scope: Cost reduction of direct and indirect spends with bottom-line savings using robust Should Cost models and Zero-Based Budgeting. Client Advantage: Savings of 10-15% identified due to the procurement models - [GAAP Adaption1](https://devsite.nexdigm.com/credentials_post/gaap-adaption1/) - Conversion of the Indian GAAP financial statements into IFRS-compliant financial statements for an Indian subsidiary of a listed multinational company that manufactures chemicals and polymers - [GAAP Adaption2](https://devsite.nexdigm.com/credentials_post/gaap-adaption2/) - Supported the Middle Eastern and the South African entities of one of the largest Healthcare companies, in reviewing over 120 customer contracts for compliance, under the revised US GAAP - ASC 606. Ascertained the impact on revenue recognition and clauses of agreement, and submitted recommendations - [GAAP Adaption3](https://devsite.nexdigm.com/credentials_post/gaap-adaption3/) - Preparation of the consolidated financial statements of an Indian listed entity, which included the conversion of IFRS/US GAAP based financial statements of subsidiaries into Indian GAAP - [Gaap Adaption4](https://devsite.nexdigm.com/credentials_post/gaap-adaption4/) - Supported the Asian entities of one of the largest US multinational suppliers of industrial machinery for compliances under the revised US GAAP – ASC 606, and conducted the review of customer contracts, performance obligations, and its quantification - [US-GAAP 1](https://devsite.nexdigm.com/credentials_post/us-gaap-1/) - Supported the Middle Eastern entities of one of the largest Healthcare companies for review of over 120 customer contracts for compliance under the revised US GAAP - ASC 606. Ascertained the impact on revenue recognition and clauses of agreement and submitted recommendations for revisions in accounting treatment and standard agreement clauses appropriately. - [US-GAAP 2](https://devsite.nexdigm.com/credentials_post/us-gaap-1-2/) - Supported the Asian entities of one of the largest US multinational supplier of industrial machineries for the compliances under the revised US GAAP – ASC 606. Conducted the review of customer contracts, performance obligations and its quantification. - [supply-chain-3](https://devsite.nexdigm.com/credentials_post/supply-chain-3/) - [supply-chain-2](https://devsite.nexdigm.com/credentials_post/supply-chain-2/) - [supply-chain-1](https://devsite.nexdigm.com/credentials_post/supply-chain-1/) - [logo4](https://devsite.nexdigm.com/credentials_post/logo4/) - [logo3](https://devsite.nexdigm.com/credentials_post/logo3/) - [logo2](https://devsite.nexdigm.com/credentials_post/logo2/) - [logo1](https://devsite.nexdigm.com/credentials_post/logo1/) ## VAT Alerts - [UAE VAT Updates: Clarification on Tax Invoices and VAT Tourist Refund Scheme](https://devsite.nexdigm.com/vat_alerts/uae-vat-updates-clarification-on-tax-invoices-and-vat-tourist-refund-scheme/) - [UAE VAT Updates: Clarifications Issued](https://devsite.nexdigm.com/vat_alerts/uae-vat-updates-clarifications-issued/) - [UAE VAT Updates: VAT benefit extended to three additional free zones, public clarification on VAT treatment of compensation-type payments, eligible goods for profit margin scheme and supply of labor accommodation](https://devsite.nexdigm.com/vat_alerts/uae-vat-updates-vat-benefit-extended-to-three-additional-free-zones-public-clarification-on-vat-treatment-of-compensation-type-payments-eligible-goods-for-profit-margin-scheme-and-supply-of-labor-a/) - [UAE VAT Updates: Currency Exchange Rate published, Taxability of Director Services clarified, Clarification mechanism established and VAT Refund announced](https://devsite.nexdigm.com/vat_alerts/uae-vat-updates-currency-exchange-rate-published-taxability-of-director-services-clarified-clarification-mechanism-established-and-vat-refund-announced/) - [UAE VAT update: Highlights of the clarifications issued by Federal Tax Authorities during the meeting held on 1 March 2018](https://devsite.nexdigm.com/vat_alerts/uae-vat-update-highlights-of-the-clarifications-issued-by-federal-tax-authorities-during-the-meeting-held-on-1-march-2018/) - [UAE VAT update](https://devsite.nexdigm.com/vat_alerts/uae-vat-update/) - [The United Arab Emirates](https://devsite.nexdigm.com/vat_alerts/the-united-arab-emirates/) - [Administrative fees and penalty under VAT](https://devsite.nexdigm.com/vat_alerts/administrative-fees-and-penalty-under-vat/) - [Online registration for VAT commences in the UAE](https://devsite.nexdigm.com/vat_alerts/online-registration-for-vat-commences-in-the-uae/) - [Update on VAT registration rules](https://devsite.nexdigm.com/vat_alerts/update-on-vat-registration-rules/) - [Latest developments on V alue A dded Tax in GCC](https://devsite.nexdigm.com/vat_alerts/latest-developments-on-v-alue-a-dded-tax-in-gcc/) - [Kingdom of Saudi Arabia (KSA): The VAT impact](https://devsite.nexdigm.com/vat_alerts/kingdom-of-saudi-arabia-ksa-the-vat-impact/) - [Highlights of the federal law for tax procedures released by UAE’s Ministry of Finance](https://devsite.nexdigm.com/vat_alerts/highlights-of-the-federal-law-for-tax-procedures-released-by-uaes-ministry-of-finance/) - [GAZT launches public consultation on VAT](https://devsite.nexdigm.com/vat_alerts/gazt-launches-public-consultation-on-vat/) ## Services - [Business Services](https://devsite.nexdigm.com/ins_services/business-services/) - Business Process Services Finance & Accounting Management Commercial Operations Contract Management Procurement Operations Payroll & HR Support Services Technology Business Analytics Cyber Security & Data Privacy CISO As A Service Technology Solutions Strategic Initiatives Market Research Business Consulting Program Management Global Shared Services Infrastructure Set-Up Global Outsourcing - [Professional Services werwe](https://devsite.nexdigm.com/ins_services/professional-services/) - Corporate Services Entity Set-Up Outsourced Finance & Regulatory Compliance Company Secretarial Tax & Regulatory Direct & Indirect Tax Transfer Pricing & International Tax M&A Tax Private Client & Family Office CFO Services Finance Controllership Support Accounting Advisory & Audit Support Finance Transformation Services Assurance & Risk Advisory Internal Audit & Process Reviews SOP & Internal ## Business Consulting - [Technology](https://devsite.nexdigm.com/business_consulting/technology/) - Cyber Security and Data Privacy ERP Implementation Support Cloud Migration - [Operations Transformation](https://devsite.nexdigm.com/business_consulting/operations-transformation/) - Supply Chain Finance Intelligent Automation And Accelerated Analytics (ia3) - [Strategic Initiatives](https://devsite.nexdigm.com/business_consulting/strategic-initiatives/) - Mergers, Acquisitions, and Divestitures Greenfield and Brownfield Program Management Pre-Investment Advisory and Market Research ## Business Services - [Technology](https://devsite.nexdigm.com/business_services/technology/) - Business Analytics Cyber Security & Data Privacy CISO As A Service Technology Solutions - [Strategic Initiatives](https://devsite.nexdigm.com/business_services/strategic-initiatives/) - Market Research Business Consulting Program Management Global Shared Services Infrastructure Set-Up - [Business Process Services](https://devsite.nexdigm.com/business_services/business-process-management/) - Finance & Accounting Management Commercial Operations Contract Management Procurement Operations Payroll & HR Support Services - [Global Outsourcing](https://devsite.nexdigm.com/business_services/global-outsourcing/) - Nexdigm delivers strategic business process outsourcing services to help organizations enhance efficiency, reduce operational costs, and drive scalable growth through tailored global outsourcing solutions. ## Professional Services - [Corporate Services](https://devsite.nexdigm.com/professional_service/corporate-services/) - Entity Set-Up Outsourced Finance & Regulatory Compliance Company Secretarial - [CFO Services](https://devsite.nexdigm.com/professional_service/cfo-services/) - Finance Controller Outsourcing Accounting Advisory & Audit Support Finance Transformation Services - [Tax & Regulatory](https://devsite.nexdigm.com/professional_service/tax-regulatory/) - Direct & Indirect Tax Transfer Pricing & International Tax M&A Tax Private Client & Family Office - [Assurance & Risk Advisory](https://devsite.nexdigm.com/professional_service/assurance-and-risk-advisory/) - Internal Audit & Process Reviews SOP & Internal Controls Reviews - [Business Advisory](https://devsite.nexdigm.com/professional_service/business-advisory/) - Transaction Support Restructuring Due Diligence Valuations ## Home page Services - [Professional Services](https://devsite.nexdigm.com/home_page_services/professional-services/) - Corporate Services CFO Services Tax & Regulatory Assurance & Risk Advisory Business Advisory - [Business Services](https://devsite.nexdigm.com/home_page_services/business-services/) - Business Process Services Technology Strategic Initiatives Global Outsourcing ## Home Page Services Slider - [Business Services](https://devsite.nexdigm.com/india_slider/business-service/) - [Professional Services](https://devsite.nexdigm.com/india_slider/professional-service/) ## Insights Header Slider - [Update on State Pension Age (SPA) and Statutory Sick Pay (SSP) in the UK](https://devsite.nexdigm.com/insights_header_slid/key-changes-in-tds-as-per-the-new-income-tax-act-2025/) - The UK state pension age has undergone its most significant change in years. Starting 6 April 2026, the retirement age for claiming the state pension will gradually increase from 66 years to 67 years. This increase is a part of the phased implementation, which will be rolled out over a two-year period and will directly - [Year-End Accounting & Reporting: What Needs Your Attention](https://devsite.nexdigm.com/insights_header_slid/year-end-accounting-reporting-what-needs-your-attention/) - As we approach the financial year-end, finance teams and those overseeing financial reporting are focused on completing the close and ensuring key accounting, presentation, and disclosure matters are properly addressed. Several developments over the past year require consideration from a financial reporting perspective. - [Navigating the Upcoming Transfer Pricing Compliance Cycle in the UAE](https://devsite.nexdigm.com/insights_header_slid/budget-2025-expectation-semiconductor-industry/) - The Ministry of Finance (MoF) issued The Federal Decree-Law No. 47 of 2022 on October 2022, on the Taxation of Corporations and Businesses (CT Law) which introduced the TP Regulations in United Arab Emirates (UAE). These TP regulations are effective for Financial Years (FYs) beginning on or after 1 June 2023 and thus the tax - [From cost arbitrage to core value drivers: Setting up a successful GCC](https://devsite.nexdigm.com/insights_header_slid/from-cost-arbitrage-to-core-value-drivers-setting-up-a-successful-gcc/) - Global Capability Centers (GCC) have evolved from cost generators to strategic business enablers and value generators. During the initial stage, the majority of transactional activities, headcount, and budgets are off-shored under local governance with the aim of cost reduction. As GCCs grow over time, there is an increase in demand for service and for talent. ## Insights - [Tax Street - June 2026](https://www.nexdigm.com/archived/taxstreet-june-2026) - Explore Nexdigm’s Tax Street June 2026 edition for the latest tax updates, regulatory insights, and expert analysis on key fiscal developments. - [Financial Ethics in Corporate Finance: Why Integrity Drives Growth](https://devsite.nexdigm.com/insights_post/financial-ethics-integrity-drives-growth/) - Learn why financial ethics matters in corporate finance, how integrity supports trust and compliance, and why ethical leadership drives long-term growth. - [Intercompany Accounting and Reconciliation: A CFO’s Perspective](https://devsite.nexdigm.com/insights_post/intercompany-accounting-reconciliation-for-cfos/) - Learn how CFOs can improve intercompany accounting and reconciliation to strengthen control, accelerate close cycles, and ensure accurate consolidation. - [Distributed Ledger Technology for Real-Time Settlement Systems](https://devsite.nexdigm.com/insights_post/distributed-ledger-technology-real-time-settlement/) - Discover how distributed ledger technology enables real-time settlement, reduces risk, and improves efficiency in financial systems. - [Ind AS 116 – Leases Explained: Practical Guide for CFOs](https://devsite.nexdigm.com/insights_post/ind-as-116-lease-accounting-guide/) - Learn Ind AS 116 lease accounting, including ROU assets, lease liabilities, disclosures, and compliance guidance for CFOs in India. - [Expert Predictive Analytics in Treasury: From Insight to Foresight](https://devsite.nexdigm.com/insights_post/predictive-analytics-in-treasury/) - Explore how predictive analytics in treasury improves forecasting, risk management, working capital optimization, and finance transformation. - [Neural Networks for Budgeting: Better Forecasting with AI](https://devsite.nexdigm.com/insights_post/neural-networks-for-budgeting/) - Learn how neural networks for budgeting improve forecasting, scenario planning, variance analysis, and financial strategy with AI-powered planning models. - [Building Strong and Secure Financial Governance and Compliance](https://devsite.nexdigm.com/insights_post/financial-governance-compliance/) - Learn how financial governance and corporate compliance help organizations improve transparency, reduce risk, strengthen controls, and support long-term growth. - [Payroll compliance updates in the 2026-27 budget of Australia](https://devsite.nexdigm.com/insights_post/australia-budget-2026-27-payroll-compliance-updates/) - Explore 2026–27 Australia Budget payroll compliance updates, including wage rises, payday super, parental leave changes, tax reductions, and superannuation caps. - [Unleashing Potential: AI's Role in Reshaping M&A Dynamics](https://devsite.nexdigm.com/insights_post/unleashing-potential-ais-role-in-reshaping-ma-dynamics/) - Analysis of how artificial intelligence is transforming mergers and acquisitions through improved due diligence, faster transactions, and enhanced strategic insights. - [Powerful Financial Forecasting Models for a Volatile Global Economy](https://devsite.nexdigm.com/insights_post/financial-forecasting-models-uncertain-global-economy/) - Learn how financial forecasting models help businesses manage uncertainty, assess geopolitical risks, and improve planning with modern analytical tools. - [Crisis Management: Building Resilience in an Unpredictable Business World](https://devsite.nexdigm.com/insights_post/crisis-management-business-resilience/) - Learn how crisis management helps organizations build resilience through effective planning, business continuity, stakeholder trust, and talent development. - [Tax Street - May 2026](https://www.nexdigm.com/archived/taxstreet-may-2026) - Explore Tax Street May 2026 for the latest direct tax, indirect tax, transfer pricing, and global regulatory updates impacting businesses. - [Succession Planning in Finance: Expert Continuity Where It Matters Most](https://devsite.nexdigm.com/insights_post/succession-planning-in-finance/) - Learn how succession planning in finance builds continuity, protects leadership knowledge, and supports governance during transitions. - [Expert CFO Communication: How to Build Trust with the Board](https://devsite.nexdigm.com/insights_post/how-expert-cfo-communication-builds-board-trust/) - Learn how expert CFO communication helps build trust with the board through clarity, transparency, and timely financial insights. - [Digital Finance: A Practical Change Management Playbook](https://devsite.nexdigm.com/insights_post/digital-finance-transformation-change-management-playbook/) - Explore change management in finance and how digital finance transformation helps CFOs guide teams, improve processes, and drive business growth. - [The CFO’s First Year: Establishing a Disciplined, Scalable, and Insight-Led Finance Function](https://devsite.nexdigm.com/insights_post/cfo-first-100-days/) - Discover how CFO can build financial discipline, strengthen controls, improve cash flow visibility, and drive better decisions in their first 100 days. - [Finance Cybersecurity: Protecting Financial Data in a Surging Digital World](https://devsite.nexdigm.com/insights_post/finance-cybersecurity-data-protection/) - Explore finance cybersecurity strategies, data protection practices, and the evolving role of CFOs in managing cyber risks in financial operations. - [How Virtual CFO Services Are Actually Helpful to the SMEs](https://devsite.nexdigm.com/insights_post/virtual-cfo-services-smes-india/) - Learn how virtual CFO services in India help with financial planning for SMEs, cash flow management, and strategic growth without hiring a full-time CFO. - [Ind AS 16 – Property, Plant and Equipment: Practical Guide for CFOs](https://devsite.nexdigm.com/insights_post/ind-as-16-property-plant-and-equipment-guide/) - Learn Ind AS 16 for Property, Plant and Equipment, covering recognition, measurement, and compliance. A practical guide for CFOs to improve financial reporting. - [Data Privacy in Financial Analytics: Practical Need for Modern Finance](https://devsite.nexdigm.com/insights_post/data-privacy-in-financial-analytics/) - Learn why data privacy in financial analytics matters, how finance teams can protect sensitive data, and best practices for GDPR, audit, and transformation. - [Ind AS 38 – Intangible Assets: Practical Guide for CFOs](https://devsite.nexdigm.com/insights_post/ind-as-38-intangible-assets/) - Learn how Ind AS 38 applies to intangible assets, including recognition, measurement, amortization, and disclosure requirements for CFOs in India. - [Leveraging AI in Finance for Accurate Financial Forecasting](https://devsite.nexdigm.com/insights_post/ai-in-finance-predictive-analytics/) - Explore how AI in finance and predictive analytics improve financial forecasting, risk management, fraud detection, and investment decision-making. - [Why Mergers and Acquisitions Deals Fail in Execution — And What Contracts Have to Do with It](https://devsite.nexdigm.com/insights_post/ma-contract-management-execution/) - M&A deals lose value in contract execution, not strategy. Learn how to manage acquisition and divestiture contracts at scale. - [Ind AS 109 Financial Instruments: Practical Guide for CFOs](https://devsite.nexdigm.com/insights_post/ind-as-109-financial-instruments/) - Learn Ind AS 109 financial instruments, classification, expected credit loss, hedge accounting, disclosures, and implications for CFOs in India. - [Collaborative Budgeting in Finance: Best Practices for Better Planning](https://devsite.nexdigm.com/insights_post/collaborative-budgeting-financial-planning/) - Learn collaborative budgeting best practices that improve financial planning, team alignment, accountability, and budget accuracy across departments. - [Major Changes in Salary-Related Allowances and Perquisites Under the New Income Tax Act, 2025](https://devsite.nexdigm.com/insights_post/salary-related-allowances-and-perquisites-income-tax-act-2025/) - Explore the major changes in salary-related allowances and perquisites under the New Income Tax Act, 2025, including HRA, motor car perquisites, food etc. - [CFO and Cross-Functional Collaboration: Connecting Finance with Rest of Business](https://devsite.nexdigm.com/insights_post/cfo-cross-functional-collaboration/) - Learn how cross-functional collaboration helps CFOs improve and strengthen strategy, tech integration, and business resilience. - [Smart Contracts for Financial Agreements: A Practical Indian Guide](https://devsite.nexdigm.com/insights_post/smart-contracts-financial-agreements-india/) - Discover how smart contracts improve financial agreements in India with faster execution, stronger control, and fewer delays. - [The Evolving Role of the CFO as a Strategic Leader](https://devsite.nexdigm.com/insights_post/cfo-leadership-finance-strategy/) - Discover how CFO leadership drives finance strategy, business growth, and strategic decision-making in modern organizations. - [AI-Powered Fraud Detection in Payments: How to Safeguard Digital Transactions](https://devsite.nexdigm.com/insights_post/ai-powered-fraud-detection-in-payments/) - Learn how AI-powered fraud detection helps secure digital payments, reduce fraud losses, improve accuracy, and strengthen trust with real-time monitoring. - [Geopolitical Conflicts and Financial Reporting: A CFO’s Perspective on the Iran Conflict](https://devsite.nexdigm.com/insights_post/geopolitical-conflicts-financial-reporting-cfo-perspective/) - Explore how geopolitical conflicts affect financial reporting, sanctions compliance, asset valuation, liquidity, and risk management from a CFO perspective - [Finance Outsourcing: Unlocking Efficiency, Accuracy, and Strategic Growth](https://devsite.nexdigm.com/insights_post/finance-outsourcing-efficiency-accuracy-strategic-growth/) - Learn how finance outsourcing improves efficiency, accuracy, compliance, and growth through outsourced accounting and payroll services. - [Ind AS 115 Revenue Recognition: Practical Guide for CFOs](https://devsite.nexdigm.com/insights_post/ind-as-115-revenue-recognition-guide/) - Learn the objective, scope, five-step model, implementation challenges, and disclosure requirements of Ind AS 115 for Indian companies and CFOs - [Book Closure Optimization: The Complete Guide to Faster Financial Close](https://devsite.nexdigm.com/insights_post/book-closure-optimization-faster-financial-close/) - Learn how book closure optimization helps CFOs improve financial close speed, accuracy, governance, and decision-making with standardized processes, automation. - [Automation Tools for Digital Audit and Regulatory Compliance](https://devsite.nexdigm.com/insights_post/digital-audit-regulatory-compliance-automation/) - Learn how digital audit and compliance automation tools improve transparency, reduce risk, strengthen controls, and support regulatory compliance. - [IPO Readiness for CFOs: A Powerful Guide to Market Confidence](https://devsite.nexdigm.com/insights_post/ipo-readiness-for-cfos-market-confidence/) - Discover the key elements of IPO readiness for CFOs, including due diligence, regulatory alignment, tax transparency, and execution discipline. - [Technology Tools for ESG Reporting and Sustainable Finance](https://devsite.nexdigm.com/insights_post/esg-reporting-technology-tools/) - Discover technology tools for ESG reporting and sustainable finance, including AI, blockchain, cloud platforms, and automation for better disclosures. - [Innovative RegTech Solutions for Regulatory Compliance in Finance](https://devsite.nexdigm.com/insights_post/regtech-solutions-for-finance-compliance/) - Explore RegTech solutions for finance compliance, including automation, real-time monitoring, reporting, and risk management. - [Book Cleanup & GL Rationalization: Financial Clarity for Better Decisions](https://devsite.nexdigm.com/insights_post/book-cleanup-gl-rationalization-financial-clarity/) - Learn how book cleanup and GL rationalization improve financial clarity, reporting accuracy, and decision-making for growing businesses. - [Financial Strategy: The Real Driver of Sustainable Business Growth](https://devsite.nexdigm.com/insights_post/financial-strategy-for-sustainable-business-growth/) - Discover how financial strategy drives sustainable business growth through smarter planning, cash flow management, cost optimization, and risk management - [Embedded Finance: Innovative Financial Services for Digital Experiences](https://devsite.nexdigm.com/insights_post/embedded-finance-for-seamless-digital-experiences/) - Learn how embedded finance integrates payments, lending, insurance, and banking into seamless digital experiences, improve convenience and customer engagement. - [Big Data Analytics in Risk Management: Predicting Risks Before They Happen](https://devsite.nexdigm.com/insights_post/big-data-analytics-risk-management/) - Learn how big data analytics in risk management helps detect threats early, improve decision-making, and strengthen business resilience. - [Building a High-Performance Finance Team with Strong Leadership](https://devsite.nexdigm.com/insights_post/high-performance-finance-team-skills-leadership/) - Learn how finance team skills and team leadership help build high-performance finance teams that support strategy, growth, and decision-making. - [Empower Finance Teams: Ultimate Cloud Accounting ERP Finance Migration](https://devsite.nexdigm.com/insights_post/cloud-accounting-erp-finance/) - Discover how cloud accounting and ERP finance systems improve efficiency, real-time visibility, automation, and scalability in financial operations. - [Implications of Indian Budget 2024 for Non-Resident and Foreign Businesses | 2024年度インド国家予算が海外居住者および外国企業に及ぼし得る影響](https://devsite.nexdigm.com/insights_post/indian-budget-2024-impact-for-non-resident-and-foreign-businesses/) - Discover how India's Budget 2024 affects Japanese businesses through tax reforms, investment changes, and cross-border business opportunities. - [Tax Street - April 2026](https://www.nexdigm.com/archived/taxstreet-april-2026) - Explore the April 2026 Tax Street by Nexdigm, for key tax and regulatory updates, transfer pricing insights, and compliance calendar highlights.We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Update on State Pension Age (SPA) and Statutory Sick Pay (SSP) in the UK](https://devsite.nexdigm.com/insights_post/update-on-state-pension-age-spa-and-statutory-sick-pay-ssp-in-the-uk/) - Read the latest update on State Pension Age and Statutory Sick Pay in the UK, including key changes, eligibility considerations, and employer implications. - [Year-End Accounting & Reporting: What Needs Your Attention](https://devsite.nexdigm.com/insights_post/year-end-accounting-reporting-what-needs-your-attention/) - Prepare for year-end accounting reporting with key checks on reconciliations, disclosures, compliance, audit readiness, and financial statement accuracy. - [Key changes in TDS as per the New Income Tax Act 2025](https://devsite.nexdigm.com/insights_post/key-changes-in-tds-as-per-the-new-income-tax-act-2025/) - Explore the key changes in TDS under the New Income Tax Act 2025, including updated rates, compliance requirements, and reporting implications for businesses. - [Enhancement of Shared Parental Leave - Singapore](https://devsite.nexdigm.com/insights_post/enhancement-of-shared-parental-leave-singapore/) - Learn about enhanced Shared Parental Leave in Singapore, including eligibility, leave entitlement, employer obligations, and compliance requirements. - [Budget 2026: A Structural Reset of India’s Transfer Pricing Framework](https://devsite.nexdigm.com/insights_post/budget-2026-a-structural-reset-of-indias-transfer-pricing-framework/) - Budget 2026 introduces key structural updates to India’s transfer pricing framework, strengthening compliance, documentation standards, and regulatory clarity. - [Contract Lifecycle Management in Poland: Market Insights and Strategic Pathways](https://devsite.nexdigm.com/insights_post/contract-lifecycle-management-in-poland-market-insights-and-strategic-pathways/) - Contract lifecycle management insights for the Poland market covering regulatory complexity, compliance requirements, and strategies for improving operational efficiency. - [Tax Street - February 2026](https://www.nexdigm.com/archived/taxstreet-february-2026) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Food Processing Industry: A Sunrise Sector](https://devsite.nexdigm.com/insights_post/food-processing-industry-india-sunrise-sector/) - Explore how the food processing industry in India is emerging as a sunrise sector, driving growth, investment, and large-scale manufacturing opportunities. - [Reimagining Efficiency in Commercial Real Estate Lending Through Strategic Outsourcing](https://devsite.nexdigm.com/insights_post/cre-lending-outsourcing-efficiency-scalability/) - Explore how strategic outsourcing helps CRE lenders improve efficiency, reduce errors, and scale operations with technology-enabled support. - [Tax Street - March 2026](https://www.nexdigm.com/archived/taxstreet-march-2026) - Explore the March 2026 Tax Street by Nexdigm, for key tax and regulatory updates, transfer pricing insights, and compliance calendar highlights. - [Payroll Pulse - March 2026](https://www.nexdigm.com/data/mailer/payroll-pulse-updates-from-across-the-globe-march-2026.html) - As payroll and compliance requirements continue to change, organizations are presented with both challenges and opportunities to refine their processes. This edition focuses on regulatory updates, compliance trends, and practices that support business continuity and effective workforce management. - [External Commercial Borrowing (ECB) Framework – What It Means for CFOs](https://devsite.nexdigm.com/insights_post/external-commercial-borrowing-ecb-framework-what-it-means-for-cfos/) - The Reserve Bank of India (RBI) has amended Schedule I to the Foreign Exchange Management (Borrowing and Lending) Regulations, revising the External Commercial Borrowing (ECB) framework. The recent amendments to the ECB framework have direct implications for CFOs managing capital structure, liquidity, and funding costs. The framework now provides greater flexibility in how offshore borrowing - [How Do US Tariffs Impact India?](https://devsite.nexdigm.com/insights_post/how-do-us-tariffs-impact-india/) - US tariff policies impact India’s exports, supply chains and trade competitiveness, creating opportunities and challenges for Indian industries. - [Valuation of Optionally Convertible Debt Instruments](https://devsite.nexdigm.com/insights_post/valuation-of-optionally-convertible-debt-instruments/) - Valuation of optionally convertible debt instruments including key financial considerations, historical background and their role in corporate financing structures. - [Healthcare Sector Expectations from Budget 2024](https://devsite.nexdigm.com/insights_post/healthcare-sector-expectations-from-budget-2024/) - Healthcare sector expectations from Budget 2024 including increased public spending, stronger infrastructure, innovation support and improved access to healthcare services. - [India’s Path to Progress](https://devsite.nexdigm.com/insights_post/indias-path-to-progress/) - Key reforms and policy developments introduced over the past decade shaping India’s economic progress, financial inclusion and governance. - [Key Highlights of Interim Budget 2024](https://devsite.nexdigm.com/insights_post/key-highlights-of-interim-budget-2024/) - Interim Budget 2024 highlights India’s economic progress, focusing on digital transformation, infrastructure development and growth policies. - [Union Budget 2024-25](https://devsite.nexdigm.com/insights_post/union-budget-2024-25/) - Union Budget 2024 outlines India’s economic roadmap with reforms aimed at sustaining growth, boosting investment and strengthening global positioning. - [Promotion for Research and Innovation in Pharma-MedTech](https://devsite.nexdigm.com/insights_post/promotion-for-research-and-innovation-in-pharma-medtech/) - Government initiatives promoting research, innovation and manufacturing in India’s pharma and medtech sectors under the Make in India strategy. - [Key Highlights of the Union Budget 2025-26](https://devsite.nexdigm.com/insights_post/key-highlights-of-the-union-budget-2025-26/) - Union Budget 2025–26 highlights focusing on economic growth, fiscal stability and policy measures supporting businesses and individuals in India. - [Dematerialization of Shares in Private Limited Companies](https://devsite.nexdigm.com/insights_post/dematerialization-of-shares-in-private-limited-companies/) - Dematerialization of shares allows private companies to convert physical share certificates into digital form, improving security, transparency and transfers. - [From Traditional to Agile: The New Era of Internal Auditing](https://devsite.nexdigm.com/insights_post/from-traditional-to-agile-the-new-era-of-internal-auditing/) - Agile auditing is transforming internal audit practices by improving flexibility, efficiency and responsiveness to rapidly changing business risks. - [Why Every Start-up Needs a Full-time or Virtual CFO](https://devsite.nexdigm.com/insights_post/why-every-start-up-needs-a-full-time-or-virtual-cfo/) - Why startups benefit from a full-time or virtual CFO to manage finances, compliance, fundraising strategy, and financial planning during early growth stages. - [Family Arrangements – Taxation Aspects Involving Companies](https://devsite.nexdigm.com/insights_post/family-arrangements-taxation-aspects-involving-companies/) - Tax implications of family arrangements involving companies in India, including succession planning, ownership transfer, and regulatory considerations. - [How GST ensured fast credit growth to MSMEs](https://devsite.nexdigm.com/insights_post/how-gst-ensured-fast-credit-growth-to-msmes/) - GST implementation has improved financial transparency and enabled faster credit growth for MSMEs, supporting India’s expanding small business sector. - [Direct Tax Recommendations for Budget 2024](https://devsite.nexdigm.com/insights_post/direct-tax-recommendations-for-budget-2024/) - Direct tax recommendations ahead of Budget 2024 focusing on regulatory simplification, improved compliance processes and support for taxpayers. - [Food Processing Sector Expectations from Budget 2024](https://devsite.nexdigm.com/insights_post/food-processing-sector-expectations-from-budget-2024/) - Food processing sector expectations from Budget 2024 including policy support, investment incentives and initiatives to strengthen agriculture value chains. - [Maharashtra Cabinet Approves Labour Law Amendments, Pending Legislative Approval](https://devsite.nexdigm.com/insights_post/maharashtra-cabinet-approves-labour-law-amendments-pending-legislative-approval/) - Maharashtra Cabinet approves labour law amendments impacting working hours, compliance requirements and employment conditions across industries. - [India-EFTA Trade & Economic Agreement: A Win-Win Deal](https://devsite.nexdigm.com/insights_post/india-efta-trade-economic-agreement-a-win-win-deal/) - India’s Trade and Economic Partnership Agreement with EFTA strengthens trade relations, expands export opportunities and boosts investment ties. - [Benefit of fresh lease life of 8 years to tax losses of amalgamating company: Proposed to be Withdrawn](https://devsite.nexdigm.com/insights_post/benefit-of-fresh-lease-life-of-8-years-to-tax-losses-of-amalgamating-company-proposed-to-be-withdrawn/) - Proposed changes may withdraw the 8-year carry-forward benefit for losses of amalgamating companies under Sections 72A and 72AA of the Income Tax Act. - [GST in Realty: Building Blocks or Stumbling Stones?](https://devsite.nexdigm.com/insights_post/gst-in-realty-building-blocks-or-stumbling-stones/) - GST has reshaped India’s real estate sector since 2017, bringing compliance changes, tax implications and new opportunities for developers and investors. - [Key Highlights - Food Processing Industry](https://devsite.nexdigm.com/insights_post/key-highlights-food-processing-industry/) - Budget 2024 highlights for India’s food processing industry including capital investments, MSME support and opportunities for private sector growth. - [Expectations on Indirect Taxes front](https://devsite.nexdigm.com/insights_post/expectations-on-indirect-taxes-front/) - Key expectations from the Union Budget on indirect taxes including GST reforms, compliance simplification and measures to support economic growth. - [Incentives to International Financial Service Centre (IFSC)](https://devsite.nexdigm.com/insights_post/incentives-to-international-financial-service-centre-ifsc/) - Incentives for International Financial Services Centres like GIFT City aim to attract global investments and strengthen India’s position as a financial hub. - [Navigating the credit distribution saga](https://devsite.nexdigm.com/insights_post/navigating-the-credit-distribution-saga/) - GST Council clarifications on Input Service Distributor and cross-charge mechanisms help businesses manage GST credit distribution and compliance better. - [Procurement Fraud in India - A Silent Threat to Businesses](https://devsite.nexdigm.com/insights_post/procurement-fraud-in-india-a-silent-threat-to-businesses/) - Procurement fraud in India affects businesses through vendor collusion and bid manipulation. Learn common fraud types and steps companies can take to reduce risks. - [Top 6 Budget 2025 Expectations: For Individual Taxpayers](https://devsite.nexdigm.com/insights_post/top-6-budget-2025-expectations-for-individual-taxpayers/) - Government of India is already in the process of simplifying the income tax laws by introducing a new tax regime, TDS rate rationalization, a user-friendly process for filing income tax returns, etc. Still, there are more expectations from the upcoming budget, and the focus should be on individual taxpayers. We expect that the forthcoming budget - [Decoding LinkedIn India’s SBO Disclosure Dilemma](https://devsite.nexdigm.com/insights_post/decoding-linkedin-indias-sbo-disclosure-dilemma/) - Analysis of LinkedIn India’s SBO disclosure case before the Registrar of Companies under the Companies Act, 2013 and its compliance implications for businesses. - [How Companies Can Avoid Unnecessary GST Frauds](https://devsite.nexdigm.com/insights_post/how-companies-can-avoid-unnecessary-gst-frauds/) - Insights on preventing GST fraud through stronger compliance practices, risk monitoring, and improved controls within India’s complex taxation system. - [Incentives for New Manufacturing Set Ups in India](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-india/) - Overview of government incentives supporting new manufacturing investments in India, including policy initiatives, tax benefits, and sector growth opportunities. - [Unlocking Successful Negotiation: The Balance between Legal Expertise and Effective Communication](https://devsite.nexdigm.com/insights_post/unlocking-successful-negotiation-the-balance-between-legal-expertise-and-effective-communication/) - Insights on contract negotiation strategies highlighting the importance of legal expertise, communication skills, and structured negotiation approaches. - [IFRS vs ASC: Valuation Perspective](https://devsite.nexdigm.com/insights_post/ifrs-vs-asc-valuation-perspective/) - Comparative analysis of valuation practices under IFRS and ASC standards, highlighting accounting differences and their implications for financial reporting. - [Online Gaming – Are all bets off? Who wins? Who loses?](https://devsite.nexdigm.com/insights_post/online-gaming-are-all-bets-off-who-wins-who-loses/) - Analysis of GST Council decisions on taxation of online gaming, casinos, and horse racing, assessing industry impact and implications for digital gaming companies. - [GST Council hits half-century An all-round performance](https://devsite.nexdigm.com/insights_post/gst-council-hits-half-century-an-all-round-performance/) - Insights from the 50th GST Council meeting covering GST rate changes, compliance reforms, and trade facilitation measures impacting businesses across sectors. - [Impact on Employers: Navigating the New Labour Code](https://devsite.nexdigm.com/insights_post/impact-on-employers-navigating-the-new-labour-code/) - Overview of India’s new labour codes consolidating 29 labour laws and their impact on employer compliance, workforce management, and workplace regulations. - [The future of FDI from land-bordering countries in India](https://devsite.nexdigm.com/insights_post/the-future-of-fdi-from-land-bordering-countries-in-india/) - Analysis of India’s FDI policy changes for land-bordering countries under Press Note 3 and their implications for foreign investors and cross-border investments. - [Budget Expectations - Sustainable Energy Sector](https://devsite.nexdigm.com/insights_post/budget-expectations-sustainable-energy-sector/) - Overview of government policy priorities and budget expectations for India’s sustainable energy sector, focusing on green energy growth and net-zero transition strategies. - [EPFO Update: Simplifying Employee Benefit Management](https://devsite.nexdigm.com/insights_post/epfo-update-simplifying-employee-benefit-management/) - Overview of EPFO’s digital transformation initiatives aimed at simplifying employee benefit management, improving transparency, and strengthening India’s social security system. - [Payroll Compliance in India 2026](https://devsite.nexdigm.com/insights_post/payroll-compliance-in-india-2026/) - Payroll compliance calendar for India 2026 outlining statutory deadlines, tax obligations, labour law requirements, and social security filings to help organizations stay compliant. - [Budget 2025 Highlights: What’s New in TDS and TCS provisions](https://devsite.nexdigm.com/insights_post/budget-2025-highlights-whats-new-in-tds-and-tcs-provisions/) - Budget 2025 introduces key updates to TDS and TCS provisions aimed at simplifying compliance, easing tax procedures, and improving administration for businesses. - [India’s APA programme records landmark growth in FY 2024–25](https://devsite.nexdigm.com/insights_post/indias-apa-programme-records-landmark-growth-in-fy-2024-25/) - India’s Advance Pricing Agreement programme records strong growth in FY 2024-25, improving tax certainty, bilateral cooperation, and transfer pricing dispute resolution. - [Key Highlights of the Union Budget 2026-27](https://devsite.nexdigm.com/insights_post/key-highlights-of-the-union-budget-2026-27/) - Key highlights of India’s Union Budget 2026-27 covering fiscal priorities, economic reforms, policy measures, and their implications for businesses, investors, and long-term growth. - [Financial Reporting and Risk Management Outsourcing](https://devsite.nexdigm.com/insights_post/financial-reporting-and-risk-management-outsourcing/) - Financial reporting and risk management outsourcing supports organizations with accurate reporting, improved compliance controls, and stronger financial governance. - [End-to-End Outsourcing of Finance & Accounting Operations](https://devsite.nexdigm.com/insights_post/end-to-end-outsourcing-of-finance-accounting-operations/) - End-to-end finance and accounting outsourcing enables businesses to reduce operational costs, improve financial efficiency, and focus on strategic growth initiatives. - [AI-Powered Financial Reporting and Analytics](https://devsite.nexdigm.com/insights_post/ai-powered-financial-reporting-and-analytics/) - AI-powered financial reporting and analytics improve accuracy, automate financial processes, and deliver real-time insights to support better business decision-making. - [Steering the Finance Function Through Union Budget 2026–27](https://devsite.nexdigm.com/insights_post/steering-the-finance-function-through-union-budget-2026-27/) - Analysis of Union Budget 2026-27 highlighting key impacts on finance, taxation, compliance strategy, and capital management for business leaders. - [CXOs' Take on Global Business Scenarios](https://devsite.nexdigm.com/insights_post/cxos-take-on-global-business-scenarios/) - Nexdigm podcast discussing CXO perspectives on global business trends, customer centricity, leadership strategy, and decision-making in evolving markets. - [Tax Podcast](https://devsite.nexdigm.com/insights_post/tax-podcast/) - Nexdigm tax podcast discusses corporate tax, transfer pricing, and compliance topics with expert insights on regulatory changes and global tax developments. - [The Next Paradigm of Outsourcing](https://devsite.nexdigm.com/insights_post/the-next-paradigm-of-outsourcing/) - Listen to Nexdigm’s outsourcing podcast exploring industry trends, challenges, and strategies that help organizations leverage outsourcing to improve efficiency and growth. - [Who Wins Big in the India–UK Trade Pact](https://devsite.nexdigm.com/insights_post/who-wins-big-in-the-india-uk-trade-pact/) - The India-UK trade agreement brings tariff reductions, improved market access, and new opportunities for exporters across manufacturing, services, and high-growth sectors. - [India’s Macro Economic Outlook: A CFO's Viewpoint](https://devsite.nexdigm.com/insights_post/indias-macro-economic-outlook-a-cfos-viewpoint/) - India’s macroeconomic outlook from a CFO perspective including growth expectations, policy reforms and investment outlook in an election year. - [Food Processing Sector in India: Opportunities and Challenges](https://devsite.nexdigm.com/insights_post/food-processing-sector-in-india-opportunities-and-challenges/) - Food processing sector in India presents strong growth potential driven by government support, rising demand, investments and expanding supply chains. - [A New Era for India’s Workforce: New Labour Codes Implemented](https://devsite.nexdigm.com/insights_post/a-new-era-for-indias-workforce-new-labour-codes-implemented/) - India’s four new labour codes transform workforce regulations, simplifying 29 laws into a unified framework for wages, social security and workplace safety. - [Substance and Significance of Beneficial Ownership Provisions](https://devsite.nexdigm.com/insights_post/substance-and-significance-of-beneficial-ownership-provisions/) - Detailed overview of beneficial ownership provisions under the Companies Act 2013, focusing on disclosure requirements, compliance obligations, and governance. - [Launch of Employees’ Enrollment Scheme (EES) 2025 through EPFO](https://devsite.nexdigm.com/insights_post/launch-of-employees-enrollment-scheme-ees-2025-through-epfo/) - Overview of the EPFO Employees’ Enrollment Scheme 2025 aimed at expanding social security coverage and increasing employee participation in provident fund benefits. - [Mandatory ISD Provisions: Do they end the need to cross charge?](https://devsite.nexdigm.com/insights_post/mandatory-isd-provisions-do-they-end-the-need-to-cross-charge/) - Mandatory Input Service Distributor provisions under GST raise questions on whether the cross-charge mechanism will still apply for shared services. - [Investing in Manufacturing - Top Investment Destinations in Asia](https://devsite.nexdigm.com/insights_post/investing-in-manufacturing-top-investment-destinations-in-asia/) - Analysis of manufacturing investment opportunities in Asia highlighting key markets, policy drivers, and factors influencing global manufacturing expansion. - [Journey of Global Capability Center from Setup to Transformation](https://devsite.nexdigm.com/insights_post/journey-of-global-capability-center-from-setup-to-transformation/) - Nexdigm podcast discussing global capability centers, outsourcing strategies, and operational transformation with insights from industry leaders across international markets. - [Expansion into overseas markets: The tax and regulatory framework](https://devsite.nexdigm.com/insights_post/expansion-into-overseas-markets-the-tax-and-regulatory-framework/) - Tax and regulatory framework for Indian companies expanding overseas through subsidiaries, joint ventures and international business operations. - [EPFO Unveils a Series of Digital, Compliance & Litigation Reforms](https://devsite.nexdigm.com/insights_post/epfo-unveils-a-series-of-digital-compliance-litigation-reforms/) - EPFO introduces digital compliance and litigation reforms to simplify provident fund management, improve transparency, and strengthen social security systems. - [Deemed Dividend under Section 2(22)(e) - Shareholders to Watch-out!](https://devsite.nexdigm.com/insights_post/deemed-dividend-under-section-222e-shareholders-to-watch-out/) - Deemed dividend provisions under Section 2(22)(e) may create tax liability for shareholders receiving loans or advances from closely held companies. - [5 things early-stage start-ups must be aware of to avoid GST notices](https://devsite.nexdigm.com/insights_post/5-things-early-stage-start-ups-must-be-aware-of-to-avoid-gst-notices/) - Five key GST compliance areas startups must monitor including invoicing, input tax credit claims, vendor checks and timely return filing. - [Budget 2024 – What’s New? Amendment regarding TDS and TCS provisions](https://devsite.nexdigm.com/insights_post/budget-2024-whats-new-amendment-regarding-tds-and-tcs-provisions/) - Budget 2024 updates to TDS and TCS provisions outlining compliance changes, revised tax procedures, and implications for businesses and taxpayers. - [India Payroll Updates: ELI Scheme, SPREE 2025, and PAN-Aadhaar Relief](https://devsite.nexdigm.com/insights_post/india-payroll-updates-eli-scheme-spree-2025-and-pan-aadhaar-relief/) - India payroll updates including Employment Linked Incentive scheme, PAN-Aadhaar compliance relief and policies supporting job creation. - [Navigating the New Trade Agreements - A Strategic Guide for Exporters](https://devsite.nexdigm.com/insights_post/navigating-the-new-trade-agreements-a-strategic-guide-for-exporters/) - India’s new trade agreements with ASEAN, UAE, Australia and EFTA are reshaping export opportunities and tariff advantages for businesses. - [From cost arbitrage to core value drivers: Setting up a successful GCC](https://devsite.nexdigm.com/insights_post/from-cost-arbitrage-to-core-value-drivers-setting-up-a-successful-gcc/) - Global Capability Centers are evolving from cost-saving hubs to strategic value drivers supporting innovation, talent development and global operations. - [A long-awaited and well-deserved change: Reforms in Personal Income Tax](https://devsite.nexdigm.com/insights_post/a-long-awaited-and-well-deserved-change-reforms-in-personal-income-tax/) - Budget reforms in personal income tax aim to ease the burden on the middle class while supporting economic growth through simplified tax structures. - [Chennai ITAT Ruling in Cognizant's Shares Buyback: A Panoramic Analysis](https://devsite.nexdigm.com/insights_post/chennai-itat-ruling-in-cognizants-shares-buyback-a-panoramic-analysis/) - Detailed analysis of the Chennai ITAT ruling on Cognizant share buyback, examining tax implications, legal interpretation, and its broader impact on corporate taxation. - [The New Income Tax Bill 2025: Is It Really a Game Changer?](https://devsite.nexdigm.com/insights_post/the-new-income-tax-bill-2025-is-it-really-a-game-changer/) - Analysis of the proposed Income Tax Bill 2025 outlining key reforms aimed at simplifying India’s tax structure, improving compliance clarity, and modernizing legislation. - [Lok Sabha Elections 2024: Need for GST reforms to cater MSMEs](https://devsite.nexdigm.com/insights_post/lok-sabha-elections-2024-need-for-gst-reforms-to-cater-msmes/) - As Lok Sabha elections approach, businesses call for GST reforms to reduce compliance burdens and address challenges faced by MSMEs across sectors. - [Foreign Trade Policy 2023 Roadmap to India’s Global Leadership in Exports](https://devsite.nexdigm.com/insights_post/foreign-trade-policy-2023-roadmap-to-indias-global-leadership-in-exports/) - Analysis of India’s Foreign Trade Policy 2023 outlining export growth strategies, trade reforms, and policy measures aimed at strengthening India’s position in global markets. - [Implications of Indian Budget 2024 for Non-Resident and Foreign Businesses](https://devsite.nexdigm.com/insights_post/implications-of-indian-budget-2024-for-non-resident-and-foreign-businesses/) - Analysis of Union Budget 2024 highlighting key policy changes, tax updates, and regulatory implications for non-resident entities and foreign companies operating in India. - [Limited Liability Partnership needs to disclose the Significant Beneficial Owner](https://devsite.nexdigm.com/insights_post/limited-liability-partnership-needs-to-disclose-the-significant-beneficial-owner/) - LLPs in India must disclose Significant Beneficial Owners under MCA rules, strengthening transparency and regulatory oversight in corporate structures. - [The Impact and Importance of Statutory Compliance in Social Security Legislation](https://devsite.nexdigm.com/insights_post/the-impact-and-importance-of-statutory-compliance-in-social-security-legislation/) - Statutory compliance in social security laws ensures employee welfare, legal accountability and ethical governance for organizations in India. - [Getting acquainted with the concept of “deemed international transaction” in India](https://devsite.nexdigm.com/insights_post/getting-acquainted-with-the-concept-of-deemed-international-transaction-in-india/) - Understanding deemed international transactions under India’s transfer pricing regulations and their implications for cross-border dealings. - [Purchase of own shares under the scheme whether dehors buyback or capital reduction](https://devsite.nexdigm.com/insights_post/purchase-of-own-shares-under-the-scheme-whether-dehors-buyback-or-capital-reduction/) - Chennai ITAT ruling examines whether purchase of shares under a scheme of arrangement should be treated as a buyback or capital reduction. - [Historical Perspective and Conceptual Understanding of Beneficial Interest/Ownership](https://devsite.nexdigm.com/insights_post/historical-perspective-and-conceptual-understanding-of-beneficial-interest-ownership/) - Understanding beneficial ownership structures, their historical evolution and regulatory importance in preventing misuse of corporate entities. - [Revamping Indian Real Estate: How Amendments to Insolvency Laws Promote Resolving Projects?](https://devsite.nexdigm.com/insights_post/revamping-indian-real-estate-how-amendments-to-insolvency-laws-promote-resolving-projects/) - Insolvency law amendments are helping resolve stalled real estate projects and improving investor confidence in India’s growing property sector. - [Specter of multi-authority, repetitive and multi-directional proceedings haunting GST-payers](https://devsite.nexdigm.com/insights_post/specter-of-multi-authority-repetitive-and-multi-directional-proceedings-haunting-gst-payers/) - GST taxpayers face challenges from overlapping investigations and multiple authorities, raising compliance complexity under India’s tax system. - [Tax Considerations for Mergers and Acquisitions: Structuring Deals for Optimal Tax Efficiency](https://devsite.nexdigm.com/insights_post/tax-considerations-for-mergers-and-acquisitions-structuring-deals-for-optimal-tax-efficiency/) - Tax considerations for mergers and acquisitions covering deal structuring strategies, regulatory requirements, and cross-border tax planning factors. - [Unpacking 2025 Budget: Strengthening the Transfer Pricing Assessment Framework with Block Assessments](https://devsite.nexdigm.com/insights_post/unpacking-2025-budget-strengthening-the-transfer-pricing-assessment-framework-with-block-assessments/) - Budget 2025 introduces reforms to strengthen transfer pricing assessments with block assessment provisions aimed at improving tax administration. - [Key expectation from Transfer Pricing (‘TP’) perspective amidst the economic vision of the new government](https://devsite.nexdigm.com/insights_post/key-expectation-from-transfer-pricing-tp-perspective-amidst-the-economic-vision-of-the-new-government/) - Transfer pricing expectations from Budget 2024 including possible regulatory changes aligned with India’s economic vision and global tax developments. - [Tax Street - January 2026](https://www.nexdigm.com/archived/taxstreet-january-2026) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - December 2025](https://www.nexdigm.com/archived/taxstreet-december-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Payroll Pulse - January 2026](https://www.nexdigm.com/data/mailer/payroll-pulse-updates-from-across-the-globe-january-2026.html) - As payroll and compliance requirements continue to change, organizations are presented with both challenges and opportunities to refine their processes. This edition focuses on regulatory updates, compliance trends, and practices that support business continuity and effective workforce management. - [Driving Resilient Supply Chains: Procurement Lessons from India’s Pharma Sector](https://devsite.nexdigm.com/insights_post/driving-resilient-supply-chains-procurement-lessons-from-indias-pharma-sector/) - India's pharmaceutical industry has traditionally been known as the ‘pharmacy of the world,’ exporting cheap generics and vaccines to the world. However, over the last few years, a sequence of disruptions ranging from border shutdowns and raw material supply disruptions to geopolitical tensions and logistics congestion have put the endurance of pharma supply chains to - [Tax Street - November 2025](https://www.nexdigm.com/archived/taxstreet-november-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - October 2025](https://www.nexdigm.com/archived/taxstreet-october-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Payroll Pulse - November 2025](https://www.nexdigm.com/data/mailer/payroll-pulse-updates-from-across-the-globe-november-2025.html) - Introducing Payroll Pulse — our new bi-monthly newsletter curated for Payroll and HR professionals navigating evolving regulatory landscapes. Designed for professionals across geographies, this newsletter is designed to distill complex developments into clear, actionable guidance. - [Payroll Pulse - September 2025](https://www.nexdigm.com/data/mailer/Payroll-Pulse-Updates-from-Across-the-Globe-September-2025.html) - Introducing Payroll Pulse — our new bi-monthly newsletter curated for Payroll and HR professionals navigating evolving regulatory landscapes. Designed for professionals across geographies, this newsletter is designed to distill complex developments into clear, actionable guidance. - [Australia Year-End Payroll Activities for 2025: A Complete Employer’s Guide](https://devsite.nexdigm.com/insights_post/australia-year-end-payroll-activities-for-2025-a-complete-employers-guide/) - As of 30 June 2024, there were 2.66 million actively trading businesses in Australia—nearly 1 million of them employing staff. The close of the 2024–2025 financial year marks a critical window to ensure full compliance with payroll obligations under the Australian Taxation Office (ATO). From updated employee data and superannuation contributions to Single Touch Payroll - [Key Highlights of the UK Budget 2025 Measures to Support Workers and Economic Growth](https://devsite.nexdigm.com/insights_post/key-highlights-of-the-uk-budget-2025-measures-to-support-workers-and-economic-growth/) - The UK budget presented by the Chancellor includes several key measures aimed at boosting employment and supporting workers. Overall, these measures have been introduced to support economic growth, improve financial stability for workers, and streamline payroll processed for employers. There has been increase in National Minimum Wages and various thresholds/ tax rates like NIC, SMP, - [Tax Street - September 2025](https://www.nexdigm.com/archived/taxstreet-september-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - August 2025](https://www.nexdigm.com/archived/taxstreet-august-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Australia Budget 2025: Key Payroll Updates for Employers and Employees](https://devsite.nexdigm.com/insights_post/australia-budget-2025-key-payroll-updates-for-employers-and-employees/) - The 2025 federal budget, officially announced in March, delivers critical payroll updates that employers and employees need to understand. Payroll, HR, and compliance teams must evaluate how these changes will impact their processes and day-to-day operations. Covering areas such as tax regulations and labor market policies, the budget introduces measures set to significantly influence payroll - [Payroll Pulse - July 2025](https://www.nexdigm.com/data/mailer/Payroll-Pulse-Updates-from-Across-the-Globe-July-2025.html) - Introducing Payroll Pulse — our new bi-monthly newsletter curated for Payroll and HR professionals navigating evolving regulatory landscapes. Designed for professionals across geographies, this newsletter is designed to distill complex developments into clear, actionable guidance. - [Tax Street - July 2025](https://www.nexdigm.com/archived/taxstreet-july-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - January 2025](https://www.nexdigm.com/archived/taxstreet-january-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - March 2025](https://www.nexdigm.com/archived/taxstreet-march-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - December 2024](https://www.nexdigm.com/archived/taxstreet-december-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Incentives for New Manufacturing Set Ups in Uttar Pradesh](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-uttar-pradesh/) - Insights on Uttar Pradesh’s incentive framework supporting new manufacturing units through subsidies, tax relief, and infrastructure access. - [Incentives for New Manufacturing Set Ups in Haryana](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-haryana/) - Insight into Haryana’s industrial policies and incentive programs that benefit companies setting up new manufacturing operations. - [Incentives for New Manufacturing Set Ups in Gujarat](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-gujarat/) - Key incentives and policy support are available to businesses establishing new manufacturing facilities in Gujarat under state schemes. - [Incentives for New Manufacturing Set Ups in Andhra Pradesh](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-andhra-pradesh/) - A detailed overview of industrial incentives and policy benefits for businesses planning new manufacturing units in Andhra Pradesh. - [Incentives for New Manufacturing Set Ups in Tamil Nadu](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-tamil-nadu/) - An overview of Tamil Nadu’s manufacturing incentives, including capital subsidies, land support, and policy benefits for industrial investors. - [Incentives for New Manufacturing Set Ups in Rajasthan](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-rajasthan/) - A look at Rajasthan’s incentive framework for new manufacturing enterprises, including policy benefits, subsidies, and regulatory facilitation. - [Incentives for New Manufacturing Set Ups in Punjab](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-punjab/) - Understand Punjab’s manufacturing-focused policies offering incentives like tax exemptions, capital subsidies, and ease of doing business. - [Incentives for New Manufacturing Set Ups in Punjab](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-punjab/) - Understand Punjab’s manufacturing-focused policies offering incentives like tax exemptions, capital subsidies, and ease of doing business. - [Incentives for New Manufacturing Set Ups in Odisha](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-odisha/) - Explore Odisha’s support for manufacturing investments through policy incentives, fiscal benefits, and infrastructure readiness. - [Incentives for New Manufacturing Set Ups in Maharashtra](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-maharashtra/) - Insights into Maharashtra’s key benefits and government incentives for businesses setting up new manufacturing operations in the state. - [Incentives for New Manufacturing Set Ups in Karnataka](https://devsite.nexdigm.com/insights_post/incentives-for-new-manufacturing-set-ups-in-karnataka/) - Review Karnataka’s industrial incentive schemes for manufacturing units, including subsidies, capital assistance, and policy advantages. - [Tax Street - June 2025](https://www.nexdigm.com/archived/taxstreet-june-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Budget 2025 Expectation: For Sustainable Energy Sector](https://devsite.nexdigm.com/insights_post/budget-2025-expectation-for-sustainable-energy-sector/) - India is the third-largest producer and consumer of electricity worldwide. Increased industrialization, rural electrification projects, and increased per capita consumption are expected to further increase electricity demand. India has been using coal for power generation for decades, and coal continues to be a major energy producing fuel. In recent times, however, solar electricity has increased - [Private Client Services](https://devsite.nexdigm.com/insights_post/private-client-services/) - As the assets of individuals and businesses grow, so does the magnitude and complexity of the monetary risk. Tax efficiency for the wealth of individuals and families is a fusion of assets held by the family and the expectations. - [Tax Street - May 2025](https://www.nexdigm.com/archived/taxstreet-may-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - April 2025](https://www.nexdigm.com/archived/taxstreet-april-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - February 2025](https://www.nexdigm.com/archived/taxstreet-february-2025) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [UAE Transfer Pricing Disclosure: What You Need to Know](https://devsite.nexdigm.com/insights_post/uae-transfer-pricing-disclosure-what-you-need-to-know/) - The FTA has updated the format of the UAE Corporate Tax return, which now has a specific portion on Transfer Pricing (TP) related disclosure. This article gives an overview and highlights critical items in the said portion. The Origin The requirement of the TP disclosure form was initially announced in the Federal Decree-Law No. 47 - [Budget 2025 Expectation: Semiconductor Industry](https://devsite.nexdigm.com/insights_post/budget-2025-expectation-semiconductor-industry/) - As February approaches, everyone is looking ahead to the Union Budget 2025. The government's primary focus for this fiscal year is expected to be economic growth and development. A key expectation from Finance Minister Nirmala Sitharaman is to sustain growth while managing the fiscal deficit and keeping inflation under control. - [Tax Street - November 2024](https://www.nexdigm.com/archived/taxstreet-november-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - October 2024](https://www.nexdigm.com/archived/taxstreet-october-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Significant Changes in Personal Income Tax](https://devsite.nexdigm.com/insights_post/significant-changes-in-personal-income-tax/) - The most awaited changes expected in the budget are relating to personal income tax. This was a historic 7th budget for our Finance Minister, Nirmala Sitharaman and the first of the Modi Government 3. The focus of the budget has been to create employment and thus schemes for skilling youth with industry relevant courses, promotion - [Tax Street - September 2024](https://www.nexdigm.com/archived/taxstreet-september-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - September 2024](https://www.nexdigm.com/archived/taxstreet-september-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - August 2024](https://www.nexdigm.com/archived/taxstreet-august-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - July 2024](https://www.nexdigm.com/archived/taxstreet-july-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - June 2024](https://www.nexdigm.com/archived/taxstreet-june-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [How Holding Companies Could Hold Ground under UAE Corporate Tax](https://devsite.nexdigm.com/insights_post/how-holding-companies-could-hold-ground-under-uae-corporate-tax/) - The UAE has long been known for its business-friendly environment, characterized by a lack of corporate and personal tax. However, the UAE’s Federal Tax Authority has brought a significant shift by introducing the UAE Corporate Tax (CT) law vide Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (CT Law). The - [UAE Corporate Tax Regime: Impact on Free Zone Entities](https://devsite.nexdigm.com/insights_post/uae-corporate-tax-regime-impact-on-free-zone-entities/) - The UAE Corporate Tax Law (CT Law) is effective for any financial year beginning on or after 1 June 2023 (i.e., for a company following calendar year, the first tax year would be 1 January 2024 to December 2024). The CT Law is applicable to any juridical person incorporated in the UAE including Free Zone - [Rationalization of Entities: Simplify and Streamline your Business | 事業体の合理化 ビジネスの簡素化・効率化](https://devsite.nexdigm.com/insights_post/rationalization-of-entities-simplify-and-streamline-your-business-2/) - 技術の進歩により、人々は容易に世界中をつなぐ ことができるようになりました。このように成長と グローバルなプレゼンスを追求する中で、多くの 企業が世界各地に複数の事業体を設立しています。 多くの企業は、拡大する市場に法人を設立し、 その地域でのビジネスのしやすさを最大限に高めて います。 Technological advancements have made it easier for people to connect across the globe. In this pursuit of growth and global presence, many businesses set up multiple entities across the globe. Many Groups establish legal entities in those expanding markets to maximize the ease of doing business in the - [National Medical Device Policy 2023 | 2023年度の国家医療機器政策](https://devsite.nexdigm.com/insights_post/2023年度の国家医療機器政策/) - On 26 April 2023, the Government of India (GOI) approved the National Medical Device Policy 2023. The Medical Devices sector is an integral part of the healthcare industry. It is a sunrise sector that has witnessed sustained growth in the past decade. The sector has seen significant investments recently and new MedTech startups are coming - [Foreign Companies may be required to file tax returns in India | 増税-インドでビジネスを行う企業の コンプライアンス強化のために](https://devsite.nexdigm.com/insights_post/foreign-companies-may-be-required-to-file-tax-returns-in-india-2/) - Impact of increase in withholding tax on rates for Fees for Technical Services and Royalty | 技術サービス料およびロイヤルティ（特許権使用料の支払い）に対する源泉徴収率引き上げの影響 As per Indian Tax laws, payments made to Non-Residents/Foreign Companies for Fees for Technical Services (FTS) and Royalties were liable to tax at the effective tax rate of 10.92% (including surcharge and education cess). Further, Indian Tax Laws2 - [Tax Street - April 2024](https://www.nexdigm.com/archived/taxstreet-april-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - May 2024](https://www.nexdigm.com/archived/taxstreet-may-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Intangible Asset Valuation - Valuing Customer Relationships](https://devsite.nexdigm.com/insights_post/intangible-asset-valuation-valuing-customer-relationships/) - Intangible asset valuation is a complex process. Though these assets do not have any physical substance, they are at the heart of any business's success. Some examples of intangible assets are Trademark, Brand Name, Software, Technology, Customer Relationships, and Goodwill. In this article, we focus on valuing customer-related intangible assets, which arise out of an - [Indian Union Budget 2023-24 Highlights | 主なハイライト 2023-24 年度中央政府予算](https://devsite.nexdigm.com/insights_post/budget-2023-highlights/) - インドは依然として前進の道を歩んでいます。 世界的な地政学的・経済的危機にもかかわらず、インドの今年の経済成長率は7％と推定され、主要国の中で最も高い水準にあります。 世界が不況の崖っぷちに立たされ、インフレが進行する中、2023年から2024年にかけての連邦予算が発表されたばかりです。 この予算では、今後25年間、技術主導、知識集約型の経済、強力な財政、強固な金融セクターを構想しており、これを「アムリット・カール」と呼んでいます。 この予算は、次の四半世紀を通じて、持続可能な成長と包括的な開発を推進するために、国を導く7つの優先事項を採択しています。PDFをダウンロードして、ハイライトをご覧ください（日本語）。 India remains steadfast on its course for progress. Despite the global geo-political and economic crises, India’s economic growth for the current year is estimated at 7%, the highest among major economies. With the world at the precipice of a recession and amidst rising inflation, Hon’ble Finance Minister (FM) Nirmala Sitharam - [Tax Street - March 2024](https://www.nexdigm.com/archived/taxstreet-march-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - February 2024](https://www.nexdigm.com/archived/taxstreet-february-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - January 2024](https://www.nexdigm.com/archived/taxstreet-january-2024/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [TP Guide 2023 - A Disquisition to UAE TP Rules](https://devsite.nexdigm.com/insights_post/tp-guide-2023-a-disquisition-to-uae-tp-rules/) - The UAE Ministry of Finance (MoF) issued the first-ever Transfer Pricing Guide (TPG) on October 2023 to provide general guidance on the Transfer Pricing regime. The provisions of Corporate Tax are applicable to the tax period commencing on or after 1 June 2023 and the issued guidelines are to be read alongside for accurately decoding - [Tax Street - December 2023](https://www.nexdigm.com/archived/taxstreet-december-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - November 2023](https://www.nexdigm.com/archived/taxstreet-november-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [The Role of Technology in the Changing Landscape of Risk Management](https://devsite.nexdigm.com/insights_post/the-role-of-technology-in-the-changing-landscape-of-risk-management/) - In this ever-evolving landscape of risk management, there are a lot of uncertainties and challenges. This is why technology becomes important, as it plays a crucial role in risk management by providing various tools and resources that enhance the effectiveness and efficiency of risk management professionals. From the precision of Data Analytics to the adaptive - [Taxability on Benefits and Perquisites – Impact on Food Processing Sector](https://devsite.nexdigm.com/insights_post/taxability-on-benefits-and-perquisites-impact-on-food-processing-sector/) - Background and Legislative Intent Section 28(iv) of the Income-tax Act, 1961 (the Act) was introduced in the Finance Act, 1964 to tax the value of any benefit or perquisite, whether convertible into money or not, arising from the business or exercise of the profession by the assessee. However, even after five decades, there was no - [Tax Street - October 2023](https://www.nexdigm.com/archived/taxstreet-october-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - September 2023](https://www.nexdigm.com/archived/taxstreet-september-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Corporate Tax Registration of Juridical Persons](https://devsite.nexdigm.com/insights_post/corporate-tax-registration-of-juridical-persons/) - The UAE’s Federal Tax Authority (FTA) recently released a guide in August 2023 that will help navigate the Corporate Tax Registration of juridical persons. This guide offers valuable insights into crucial areas, such as Corporate Tax Registration rules, the criteria for determining the necessity of registration, and the Corporate Tax Deregistration process. This document aims - [Tax Street - August 2023](https://www.nexdigm.com/archived/taxstreet-august-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [National Medical Device Policy 2023](https://devsite.nexdigm.com/insights_post/national-medical-device-policy-2023/) - On 26 April 2023, the Government of India (GOI) approved the National Medical Device Policy 2023. The Medical Devices sector is an integral part of the healthcare industry. It is a sunrise sector that has witnessed sustained growth in the past decade. The sector has seen significant investments recently and new MedTech startups are coming - [UAE Corporate Tax: ‘Qualifying Income’ Clarified](https://devsite.nexdigm.com/insights_post/uae-corporate-tax-qualifying-income-clarified/) - The UAE Corporate Tax (CT) Law has been implemented effective 1 June 2023. The CT law that was first released in December last year has a specific provision for Free zone companies in UAE which seeks to tax the income of Qualifying Free Zone Person (QFZP). - [Tax Street - July 2023](https://www.nexdigm.com/archived/taxstreet-july-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Benefits of Contract Life-Cycle Management Automation no one is speaking about](https://devsite.nexdigm.com/insights_post/benefits-of-contract-life-cycle-management-automation-no-one-is-speaking-about/) - Over the last decade organizational contracting has largely seen gradual movement from being a legal and compliance dominated activity to a more business process activity managed by professionals specializing in contracting. Maximizing business performance and minimizing risks though contract management are, if not outdated, normally accepted advantages and benefits of contract management. - [Tax Street - June 2023](https://www.nexdigm.com/archived/taxstreet-june-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - May 2023](https://www.nexdigm.com/archived/taxstreet-may-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Significance and implications of the Apex Court's Ruling on 'Substantial Question of Law' for Transfer Pricing matters](https://devsite.nexdigm.com/insights_post/significance-and-implications-of-the-apex-courts-ruling-on-substantial-question-of-law-for-transfer-pricing-matters/) - The Hon’ble Apex Court, in its order dated 19 April 2023, in the case of SAP Labs India Pvt. Ltd. quashed and set aside the ruling of the High Court (HC) and observed that the selection of comparables, the application of filters, etc. gives rise to a substantial question of law and thereby remitted back - [Key considerations for obtaining Tax Registration Number (TRN)](https://devsite.nexdigm.com/insights_post/key-considerations-for-obtaining-tax-registration-number-trn/) - The UAE Corporate Tax law would be effective from 1 June 2023. Corporate Tax shall be imposed on a taxable person at the rate of 9%, subject to certain conditions. The Ministry has also announced certain categories of persons to be exempted from the Corporate Tax. However, there may be requirements of obtaining Tax Registration - [Tax Street - April 2023](https://www.nexdigm.com/archived/taxstreet-april-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Union Budget 2023: Accelerate. Advance. Ascend.](https://devsite.nexdigm.com/insights_post/union-budget-2023-accelerate-advance-ascend/) - India remains steadfast on its course for progress. Despite the global geo-political and economic crises, India’s economic growth for the current year is estimated at 7%, the highest among major economies. With the world at the precipice of a recession and amidst rising inflation, Hon’ble Finance Minister (FM) Nirmala Sitharam presented Union Budget 2023-24, the - [10-Step Checklist for UAE Corporate Tax Implementation](https://devsite.nexdigm.com/insights_post/10-step-checklist-for-uae-corporate-tax-implementation/) - Review of accounting policies and financial statements to ensure they are aligned with the best practices. Review Group Structure. Assess whether any realignment or restructuring is required. Review the applicability of tax laws and understand critical and high-impact areas for your business to prevent tax leakages and tax inefficiencies. Understanding tax exemptions and incentives offered - [Secondment of employees - the tax controversy continues](https://devsite.nexdigm.com/insights_post/secondment-of-employees-the-tax-controversy-continues/) - The taxability of salary reimbursement for seconded employees has been debatable with various contrary judicial precedents. The recent Supreme Court decision regarding the applicability of service tax/GST provisions on reimbursements of salary of seconded employees has aggravated the dispute further. In a secondment arrangement, an employee of an overseas company is deputed for a specified - [Tax Street - March 2023](https://www.nexdigm.com/archived/taxstreet-march-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - February 2023](https://www.nexdigm.com/archived/taxstreet-february-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Foreign Tax Credit: Overview and Related issues](https://devsite.nexdigm.com/insights_post/tax-foreign-tax-credit-overview-and-related-issues/) - The era of globalization and digitalization has brought a revolution in the way businesses are conducted, bringing the economies/geographies closer. While the businesses are evolving, the tax challenges relating to the right to tax the income between the Source and Residence Country are equally evolving. Tax Treaties play a very crucial role to ensure that - [Foreign Companies may be required to file tax returns in India](https://devsite.nexdigm.com/insights_post/foreign-companies-may-be-required-to-file-tax-returns-in-india/) - Impact of increase in withholding tax on rates for Fees for Technical Services and Royalty As per Indian Tax laws, payments made to Non-Residents/Foreign Companies for Fees for Technical Services (FTS) and Royalties were liable to tax at the effective tax rate of 10.92% (including surcharge and education cess). Further, Indian Tax Laws2 also provide - [GST on Transportation Services - Navigating through turbulent waters](https://devsite.nexdigm.com/insights_post/gst-on-transportation-services-navigating-through-turbulent-waters/) - GST on services by way of transportation of goods by aircraft/vessel is certainly on a roller-coaster ride these days. The story began in September 2022, when certain exemption entries pertaining to goods transportation services witnessed a sunset from 1 October 2022 onwards. This resulted in taxing the transportation of export cargo by the Indian transporters/freight - [Substance and Value Creation: Important pillars of the UAE CT Regime](https://devsite.nexdigm.com/insights_post/substance-and-value-creation-important-pillars-of-the-uae-ct-regime/) - The Organization for Economic Co-operation and Development (OECD) has played a key role over the last decade or so with the introduction of key tax policies and proposals, which have helped in shaping the global tax regime. The OECD’s Inclusive Framework for Base Erosion and Profit Shifting (BEPS) has evolved and introduced certain key proposals - [Decoding the intricacies of the Angel Tax Provisions](https://devsite.nexdigm.com/insights_post/decoding-the-intricacies-of-the-angel-tax-provisions/) - In the recently presented Union Budget 2023, it has been proposed to expand the applicability of Section 56(2)(viib) of the Income-Tax Act, 1961 (the Act), commonly referred to as Angel Tax Provisions, to the issue of shares by a closely-held company to non-resident investors. Thus, the provisions of Section 56(2)(viib) of the Act are intended - [Tax Street - January 2023](https://www.nexdigm.com/archived/taxstreet-january-2023/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Free zone companies free of Corporate Tax?](https://devsite.nexdigm.com/insights_post/free-zone-companies-free-of-corporate-tax/) - UAE makes an attractive investment destination for foreign investors, largely due to its favorable geographical location, economic and political stability, progressive business regulations, and diverse talent pool. However, the Free Zones, the separate designated areas for business where special corporate and tax regulations are applicable, make UAE a popular business hub. Benefits of Free Zones - [Healthcare Sector's Expectation from Budget 2023](https://devsite.nexdigm.com/insights_post/healthcare-sectors-expectation-from-budget-2023/) - As we enter 2023, the world is recovering from the pandemic and is well on its way to reaching pre-pandemic level normalcy. India is no different and has recovered swiftly in 2022 and hopes to maintain healthy growth in 2023. The Union Budget for 2023 will set the tone for building on the foundations and - [Rationalization of Entities: Simplify and Streamline your Business](https://devsite.nexdigm.com/insights_post/rationalization-of-entities-simplify-and-streamline-your-business/) - Technological advancements have made it easier for people to connect across the globe. In this pursuit of growth and global presence, many businesses set up multiple entities across the globe. Many Groups establish legal entities in those expanding markets to maximize the ease of doing business in the particular territory. As one of the fastest-growing - [Union Budget 2023 – Key Highlights](https://devsite.nexdigm.com/insights_post/union-budget-2023-key-direct-tax-proposals/) - The much-awaited Union Budget 2023 is out, and it can be said that budget is focused towards growth and continues on its path of boosting capital spending which would in turn lead to job creation and push to the much needed infra. On corporate tax side there may not be substantial amendments, but personal taxation - [CFOs Expectations of Union Budget 2023](https://devsite.nexdigm.com/insights_post/cfos-expectations-of-union-budget-2023/) - As Union Budget 2023-24, the last full-year budget for the current government, will be closely watched by India Inc. as it sets the tone for the economic policies of the government. - [Tax Street - December 2022](https://www.nexdigm.com/archived/taxstreet-december-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [India's Union Budget 2022-23: Balance. Bolster. Boost.](https://www.nexdigm.com/budget2022/) - India's Union Budget 2022-23 provided a roadmap towards economic stability and growth. Finance Minister Nirmala Sitharaman presented the Union Budget which focused on key infrastructural measures, inclusive growth, and sustainable development. With the pandemic still a larger part of the background, the Budget showcased strategic areas of growth. There was a strong focus on capital - [What business leaders need to know before setting up Enterprise Analytics in 2022](https://devsite.nexdigm.com/insights_post/what-business-leaders-need-to-know-before-setting-up-enterprise-analytics-in-2022/) - Artificial Intelligence (AI) is the buzzword nowadays. Organizations across the globe are pouring investments worth billions of dollars into data and analytics. And yet, a lot of CXOs find themselves grappling with the most basic, yet critical questions, like ‘How to start?’, ‘Where should the investments go?’, and ‘How long before they start seeing returns - [Enterprise Analytics 102 - People Matter!](https://devsite.nexdigm.com/insights_post/enterprise-analytics-102-people-matter/) - As a generation growing up on science fiction, AI vs. homo sapiens always seemed like a near possibility. (hint – The Matrix). Will this be the next big face-off? No, it’s going to be humans with AI vs. humans without! Whether you are thinking of setting up internal analytics or using a hybrid/ outsourced model - [Enterprise Analytics 101 - Think Next!](https://devsite.nexdigm.com/insights_post/enterprise-analytics-101-think-next/) - Netflix uses its recommendation systems to keep you hooked. Uber uses real-time analytics to match you with fitting co-riders. Apart from these, one can point out many other applications of data analytics. While digital businesses and startups have been early adopters (read, leaders) of the big data revolution, it’s the large organizations that are lagging. - [Summary of UAE Corporate Tax and Transfer Pricing Law](https://devsite.nexdigm.com/insights_post/summary-of-uae-corporate-tax-and-transfer-pricing-law/) - The long wait was finally over on 9 December 2022, when the UAE Federal Tax Authority (FTA) released the final version of the UAE Corporate Tax (CT) law (hereinafter referred to as the law) through Federal Decree-Law No. 47 of 2022. The law is largely based on the public consultation document issued earlier during the - [Tax Street - November 2022](https://www.nexdigm.com/archived/taxstreet-november-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Healthcare Supply Chain Excellence](https://devsite.nexdigm.com/insights_post/healthcare-supply-chain-excellence/) - In our podcast series, Healthcare Supply Chain Excellence, Kartik Nagarajan, Managing Director – Business Consulting & Global Business Services (Sales) at Nexdigm, have conversations with industry leaders in the field of Supply Chain. The discussion focuses on the importance of interconnected systems, guiding principles, and the versatility required to build and run a robust supply - [Tax Street - October 2022](https://www.nexdigm.com/archived/taxstreet-october-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - September 2022](https://www.nexdigm.com/archived/taxstreet-september-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [India’s Grand Slam entry into the Aussie markets!](https://devsite.nexdigm.com/insights_post/ndias-grand-slam-entry-into-the-slam-entry-into-the-aussie-markets/) - After concerted efforts since 2011, an Economic Cooperation and Trade Agreement (ECTA) was signed in April 2022 between India and Australia, thus paving the way for exponential growth and diversification in the bilateral trade relations between the two nations. This is the second trade agreement India has signed this year, after inking a similar deal - [Tax Street - August 2022](https://www.nexdigm.com/archived/taxstreet-august-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - July 2022](https://www.nexdigm.com/archived/taxstreet-july-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - June 2022](https://www.nexdigm.com/archived/taxstreet-june-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - May 2022](https://www.nexdigm.com/archived/taxstreet-may-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [NCLT allows amalgamation while rejecting invocation of GAAR](https://devsite.nexdigm.com/insights_post/nclt-allows-amalgamation-while-rejecting-invocation-of-gaar/) - Recently, the National Company Law Tribunal, Chandigarh Bench (Tribunal), while approving the Scheme of Amalgamation [(Re Panasonic Life Solutions India Private Limited CP. (CAA) No. 8/Chd/Hry/2021) (Scheme)] has rejected the invocation of General Anti Avoidance Rules (GAAR) by the income tax department (ITD). This article dissects the Tribunal’s order allowing the Scheme. - [Digital Assets - Special Tax Law for Cryptocurrency and Non-fungible Tokens](https://devsite.nexdigm.com/insights_post/digital-assets-special-tax-law-for-cryptocurrency-and-non-fungible-tokens/) - India has become one of the largest markets for cryptocurrencies with Indians parking nearly USD 6.6 billion in cryptocurrencies until May this year, compared to USD 923 million until April 2020. India ranks 11 out of 154 nations in terms of cryptocurrency adoption, as per blockchain data firm Chainalysis. While this growth has given Indian - [Tax Street - April 2022](https://www.nexdigm.com/archived/taxstreet-april-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Women In Technology](https://devsite.nexdigm.com/insights_post/women-in-technology/) - Our Women in Technology Podcast Series includes a number of prominent leaders across different industries. They share their insights and experiences about innovation, technology, the role of government and academic institutions in building a sustainable environment, and how women can become strategic enablers. - [Amendments to SEBI LODR and its impact on Related Party Transactions](https://devsite.nexdigm.com/insights_post/amendments-to-sebi-lodr-and-its-impact-on-related-party-transactions/) - Over the years, Related Party Transactions (RPT) have become a key focus area for the board of directors, not only from a tax perspective but also to improve corporate governance. The frequency at which media reports have been published recently on instances of noncompliances or defaults with respect to RPT approval and disclosures has certainly - [UAE Introduces Corporate Income Tax](https://devsite.nexdigm.com/insights_post/uae-introduces-corporate-income-tax/) - As expected, United Arab Emirates (UAE) have announced the introduction of Corporate Income Tax on 31 January 2022. As a signatory to the Two Pillar package driven by the Organization for Economic Co-operation and Development (OECD), UAE has introduced the Corporate Tax (CT) in line with the Global Minimum Tax Proposal under Pillar 2. - [Summary of Public Consultation Document issued for UAE Corporate Tax](https://devsite.nexdigm.com/insights_post/summary-of-public-consultation-document-issued-for-uae-corporate-tax/) - On 31 January 2022, the UAE Ministry of Finance announced the introduction of Federal Corporate Tax (CT) in UAE w.e.f. 1 June 2023. While the UAE Federal Tax Authority (FTA) is finalizing the UAE CT regime, on 28 April 2022, it issued a public consultation document covering various aspects of the proposed law. The business - [Setting up Enterprise Analytics in 2022](https://devsite.nexdigm.com/insights_post/setting-up-enterprise-analytics-in-2022/) - Advanced Analytics, which includes Predictive Techniques, Machine Learning, and Artificial Intelligence, is leading the next wave of disruption. Using Analytics has become a strategic imperative, leading to a fundamental change in how a business is run. Businesses are capturing an increasing amount of data that can be analyzed using the massive computational power available today. - [Are you compliant with FATCA/CRS regulations in UAE?](https://devsite.nexdigm.com/insights_post/are-you-compliant-with-fatca-crs-regulations-in-uae/) - Foreign Account and Tax Compliance Act (FATCA) is a US legislation that aims to combat tax evasion by US persons. In 2010, the US enacted FATCA to increase income tax reporting by the US taxpayers on assets held in offshore accounts and through non-US entities. FATCA is used by government personnel to detect indicia of - [Tax Street - February 2022](https://www.nexdigm.com/archived/taxstreet-february-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Tax Street - March 2022](https://www.nexdigm.com/archived/taxstreet-march-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Enterprise Analytics 104 - Insights to Action!](https://devsite.nexdigm.com/insights_post/enterprise-analytics-104-insights-to-action/) - Is the buzz around analytics dwindling? Once hyped as the gamechanger for every enterprise, is analytics letting businesses down now? While investments in analytics are at an all-time high, impact, i.e., improvements resulting in an increase in revenue or decrease in costs, is still low. According to a Deloitte survey, 47% of organizations reported little - [Tax Street - January 2022](https://www.nexdigm.com/archived/taxstreet-january-2022/) - We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe. - [Enterprise Analytics 105 - The Feedback Loop](https://devsite.nexdigm.com/insights_post/enterprise-analytics-105-the-feedback-loop/) - Amazon started as an online bookstore, and now, it has revolutionized the retail ecosystem completely. Netflix started as a DVD rental store, and now, it is giving giants in the media industry a run for their money. When was the last time you witnessed a new neighbourhood bookstore or movies-for-rent store run so successfully? What - [Enterprise Analytics 103 - Data Conscience!](https://devsite.nexdigm.com/insights_post/enterprise-analytics-103-data-conscience/) - Value creation from data will be one of the central business themes for this decade and ultimately, it is all about data! Blooming businesses generate data at the speed of light. Data, however, is just a starting point. It needs active harnessing and effective analysis to fuel an organization’s growth. Like abundantly available sunlight can ## Case Studies - [Finance, Accounting, Payroll, Tax, and Regulatory Support for a French Manufacturing Company](https://devsite.nexdigm.com/case_studies/finance-accounting-payroll-tax-and-regulatory-support-for-a-french-manufacturing-company/) - Provided end-to-end finance, accounting, payroll, tax, and compliance support for a French manufacturer establishing operations in India. - [Augmenting IT and compliance protocols for a Food Processing enterprise across multiple locations](https://devsite.nexdigm.com/case_studies/augmenting-it-and-compliance-protocols-for-a-food-processing-enterprise-across-multiple-locations/) - Case study on strengthening cybersecurity and compliance protocols for a food processing enterprise operating multiple research facilities and farms. - [GenAI-Enabled RFx Transformation for Global MedTech Procurement](https://devsite.nexdigm.com/case_studies/genai-rfx-transformation-medtech-procurement/) - Discover how Nexdigm helped a global MedTech company transform RFx processes with GenAI, improving speed, consistency, evaluation quality, and cost savings. - [Finance Controllership, ERP and Audit Support](https://devsite.nexdigm.com/case_studies/finance-controllership-erp-and-audit-support/) - Case study on finance controllership, ERP implementation and audit support for an Indian subsidiary of a European hygiene products manufacturer. - [Impact assessment and implementation of IFRS9 and IFRS15](https://devsite.nexdigm.com/case_studies/impact-assessment-and-implementation-of-ifrs9-and-ifrs15/) - Case study on IFRS 9 and IFRS 15 impact assessment and implementation support for a leading Middle East law firm. - [Verified inventory and fixed assets, helped with the financial transformation of a leading ophthalmic optics company](https://devsite.nexdigm.com/case_studies/verified-inventory-and-fixed-assets-helped-with-the-financial-transformation-of-a-leading-ophthalmic-optics-company/) - Case study on inventory verification and fixed asset review supporting financial transformation for a leading ophthalmic optics manufacturer. - [Finance Process Optimization and Controllership Services](https://devsite.nexdigm.com/case_studies/finance-process-optimization-and-controllership-services/) - Case study on finance process optimization and controllership services for a manufacturing company improving financial operations and VAT recovery. - [Program management for post-merger integration of an acquired business across 20+ countries in the APAC region](https://devsite.nexdigm.com/case_studies/program-management-for-post-merger-integration-of-an-acquired-business-across-20-countries-in-the-apac-region/) - Case study on program management support for post-merger integration across 20+ APAC countries ensuring seamless transition and business continuity. - [Project Management support for winding-down India Operations](https://devsite.nexdigm.com/case_studies/project-management-support-for-winding-down-india-operations/) - Case study on project management and due diligence support for winding down India operations of a global electronics repair services company. - [F&A function and pre-winding up support](https://devsite.nexdigm.com/case_studies/fa-function-and-pre-winding-up-support/) - Case study on finance and accounting support with pre-winding up services for a US-based data processing and analytics company operating in India. - [Voluntary Liquidation of the Company](https://devsite.nexdigm.com/case_studies/voluntary-liquidation-of-the-company/) - Case study on voluntary liquidation support for an India subsidiary of a Sweden-based hygiene products company ensuring regulatory compliance. - [Project Management Services for multiple countries in the APAC region supporting and enabling a smooth integration of a Business Acquisition](https://devsite.nexdigm.com/case_studies/project-management-services-for-multiple-countries-in-the-apac-region-supporting-and-enabling-a-smooth-integration-of-a-business-acquisition/) - Case study on project management support for post-merger integration across APAC countries, enabling smooth business acquisition and operational transition. - [Winding down of the operations of a Company](https://devsite.nexdigm.com/case_studies/winding-down-of-the-operations-of-a-company/) - Case study on managing the structured winding down of operations and liquidation process for a captive software development company following a global strategic decision. - [Support in bidding for a major construction project in India](https://devsite.nexdigm.com/case_studies/support-in-bidding-for-a-major-construction-project-in-india/) - Assisted a global firm in preparing technical and financial bid documents for a large-scale construction project under Indian tender norms. - [Restructuring involving demerger to create distinct entities](https://devsite.nexdigm.com/case_studies/restructuring-involving-demerger-to-create-distinct-entities/) - Supported corporate restructuring through a demerger, creating standalone entities with clearer operational focus and regulatory clarity. - [Product Feasibility Survey for a Global Japanese Conglomerate](https://devsite.nexdigm.com/case_studies/product-feasibility-survey-for-a-global-japanese-conglomerate/) - Conducted a product feasibility study for a global Japanese group to assess market potential, pricing benchmarks, and regulatory considerations. - [Competition analysis in the Indian tractor manufacturing market](https://devsite.nexdigm.com/case_studies/competition-analysis-in-the-indian-tractor-manufacturing-market/) - Delivered a comprehensive competitor analysis of India’s tractor manufacturing industry, supporting strategic positioning and market entry plans. - [Standardized Sales Invoice Template for 100+ Aircraft arrangements](https://devsite.nexdigm.com/case_studies/standardized-sales-invoice-template-for-100-aircraft-arrangements/) - Created a standardized invoice template for 100+ aircraft arrangements, ensuring consistent billing, regulatory compliance, and streamlined processing. - [City and Site Evaluation for a Global Webbings Manufacturing Company](https://devsite.nexdigm.com/case_studies/city-and-site-evaluation-for-a-global-webbings-manufacturing-company/) - Performed detailed city and site assessment for a global webbings manufacturer to support its India expansion and facility setup decisions. - [Formulated recommendations on setting up an international K-12 School](https://devsite.nexdigm.com/case_studies/formulated-recommendations-on-setting-up-an-international-k-12-school/) - Developed a strategic roadmap for establishing an international K-12 school, covering regulatory, operational, and financial planning. - [Analyzed the potential of a Circular Economy in the Automotive Sector](https://devsite.nexdigm.com/case_studies/analyzed-the-potential-of-a-circular-economy-in-the-automotive-sector/) - Evaluated circular‑economy initiatives in automotive - identifying sustainable business models and operational opportunities for long‑term value. - [Technology-based Solution to Centralize the Accounts Payable function](https://devsite.nexdigm.com/case_studies/technology-based-solution-to-centralize-the-accounts-payable-function/) - Implemented a tech-driven solution to centralize accounts payable, improving control, processing speed, and visibility across multiple entities. - [Seamless Audit, Tax, and Advisory Support During Peak Workload Periods](https://devsite.nexdigm.com/case_studies/seamless-audit-tax-and-advisory-support-during-peak-workload-periods/) - Provided scalable audit, tax, and advisory support to meet peak demand periods, ensuring timely compliance and business continuity. - [Facilitating the merger of two international food processing companies](https://devsite.nexdigm.com/case_studies/facilitating-the-merger-of-two-international-food-processing-companies/) - Case study on facilitating the merger of two global food processing companies, supporting operational integration, regulatory compliance, and strategic restructuring. - [Support to streamline the Accounts Receivables Process for APAC Region](https://devsite.nexdigm.com/case_studies/support-to-streamline-the-accounts-receivables-process-for-apac-region/) - Streamlined the accounts receivable process across the APAC region, improving collection cycles, cash flow visibility, and reporting accuracy. - [Streamlining Cost Data Visibility to Enhance Strategic Decision-making](https://devsite.nexdigm.com/case_studies/streamlining-cost-data-visibility-to-enhance-strategic-decision-making/) - Case study on improving cost data visibility to support strategic decision-making, financial transparency, and operational efficiency. - [Accounting and Monthly Closure for a Leading Canadian Hospitality Group](https://devsite.nexdigm.com/case_studies/accounting-and-monthly-closure-for-a-leading-canadian-hospitality-group/) - Case study on accounting support and monthly financial closures for a leading Canadian hospitality group expanding operations. - [Providing guidance and Directional Strategy to the engineering division](https://devsite.nexdigm.com/case_studies/providing-guidance-and-directional-strategy-to-the-engineering-division/) - Defined directional strategy and operational guidance for the engineering division to enhance alignment, efficiency, and business impact. - [Finance Controllership and ERP Migration Support following a Divestiture](https://devsite.nexdigm.com/case_studies/finance-controllership-and-erp-migration-support-following-a-divestiture/) - Supported financial controllership and ERP migration for a newly carved-out business, ensuring smooth transition post-divestiture. - [Hydrogen Energy Assessment for a Multinational Japanese Chemical Company](https://devsite.nexdigm.com/case_studies/hydrogen-energy-assessment-for-a-multinational-japanese-chemical-company/) - Conducted a feasibility study on hydrogen energy applications for a Japanese chemical major, focusing on sustainability and market potential. - [Program Management Support to assist Contract Management for Divestiture](https://devsite.nexdigm.com/case_studies/program-management-support-to-assist-contract-management-for-divestiture/) - Provided contract management support during a divestiture, aligning legal, operational, and compliance requirements across business units. - [Provided accounts and audit support to a manufacturing company from Japan](https://devsite.nexdigm.com/case_studies/provided-accounts-and-audit-support-to-a-manufacturing-company-from-japan/) - Case study on accounts cleanup, audit support and monthly financial review for a Japanese manufacturing joint venture operating in India. - [Business Plan for Hollister's India entry strategy and manufacturing setup](https://devsite.nexdigm.com/case_studies/business-plan-for-hollisters-india-entry-strategy-and-manufacturing-setup/) - Developed India entry strategy and manufacturing roadmap for Hollister, addressing regulatory, financial, and operational requirements. - [Issuance of a comprehensive memo on Permanent Establishment exposure in India](https://devsite.nexdigm.com/case_studies/issuance-of-a-comprehensive-memo-on-permanent-establishment-exposure-in-india/) - Issued a detailed tax advisory memo analyzing permanent establishment risks in India, supporting global compliance and risk mitigation efforts. - [Set up and management of the Finance and Accounting function post a divestiture](https://devsite.nexdigm.com/case_studies/set-up-and-management-of-the-finance-and-accounting-function-post-a-divestiture/) - Established and managed finance and accounting operations for a newly carved-out entity following a divestiture, ensuring smooth transition. - [Facilitating the inbound merger of foreign holding company with Indian Subsidiary](https://devsite.nexdigm.com/case_studies/facilitating-the-inbound-merger-of-foreign-holding-company-with-indian-subsidiary/) - Managed the merger of a foreign holding company into its Indian subsidiary, navigating regulatory, tax, and corporate integration challenges. - [Managed finance and compliance project for Indian subsidiaries of renowned companies](https://devsite.nexdigm.com/case_studies/managed-finance-and-compliance-project-for-indian-subsidiaries-of-renowned-companies/) - Case study on managing finance, accounting and compliance for Indian subsidiaries of leading global manufacturing companies. - [Redesigned the finance function and managed key controls for a pet food manufacturer](https://devsite.nexdigm.com/case_studies/redesigned-the-finance-function-and-managed-key-controls-for-a-pet-food-manufacturer/) - Case study on redesigning finance functions and implementing key financial controls for a global pet food manufacturer. - [Cancellation of share capital against accumulated losses and return of excess capital](https://devsite.nexdigm.com/case_studies/cancellation-of-share-capital-against-accumulated-losses-and-return-of-excess-capital/) - Case study on share capital reduction against accumulated losses and return of excess capital, enabling financial restructuring and improved capital management. - [Acquisition of a major business unit of a listed Indian company by way of a Slump Sale](https://devsite.nexdigm.com/case_studies/acquisition-of-a-major-business-unit-of-a-listed-indian-company-by-way-of-a-slump-sale/) - Managed full slump‑sale transaction for a publicly listed Indian firm’s business unit, ensuring smooth regulatory compliance and transition. - [Supporting a Swiss-based manufacturing company in the acquisition of an Indian company](https://devsite.nexdigm.com/case_studies/supporting-a-swiss-based-manufacturing-company-in-the-acquisition-of-an-indian-company/) - Provided end-to-end support to a Swiss manufacturing firm in acquiring an Indian company, covering diligence, structuring, and compliance. - [End-to-End Management of 400+ Strategic Initiatives Across 12+ Locations in 8 Countries](https://devsite.nexdigm.com/case_studies/end-to-end-management-of-400-strategic-initiatives-across-12-locations-in-8-countries/) - Coordinated and monitored 400+ strategic initiatives across 12 sites in 8 countries, enabling centralized governance and execution tracking. - [Restructuring involving revival of loss-making company and achieving economies of scale](https://devsite.nexdigm.com/case_studies/restructuring-involving-revival-of-loss-making-company-and-achieving-economies-of-scale/) - Enabled turnaround of a loss-making company through restructuring and strategic consolidation to achieve operational scale and financial stability. - [India opportunity assessment for a Japanese multinational on the medical devices industry](https://devsite.nexdigm.com/case_studies/india-opportunity-assessment-for-a-japanese-multinational-on-the-medical-devices-industry/) - Conducted a market opportunity study for a Japanese multinational exploring India’s medical devices sector, covering trends, gaps, and entry strategy. - [Order-to-Cash process management for the Indian subsidiary of an Australian multinational](https://devsite.nexdigm.com/case_studies/order-to-cash-process-management-for-the-indian-subsidiary-of-an-australian-multinational/) - Managed the end-to-end order-to-cash cycle for the Indian arm of an Australian MNC, improving collections, billing accuracy, and reporting. - [Strengthening Cybersecurity for a Digitized Trade Finance Platform with Virtual CISO Services](https://devsite.nexdigm.com/case_studies/strengthening-cybersecurity-for-a-digitized-trade-finance-platform-with-virtual-ciso-services/) - Enhanced cybersecurity posture for a digital trade finance platform by delivering Virtual CISO services and strengthening risk controls. - [Support in filing representation with the government, to help align amusement parks under GST](https://devsite.nexdigm.com/case_studies/support-in-filing-representation-with-the-government-to-help-align-amusement-parks-under-gst/) - Assisted with filing a government representation to help align amusement parks under GST, addressing classification and compliance challenges. - [Audit Support and Clean-up of Books of Accounts for Subsidiaries of a US-based Pharmaceutical Company](https://devsite.nexdigm.com/case_studies/audit-support-and-clean-up-of-books-of-accounts-for-subsidiaries-of-a-us-based-pharmaceutical-company/) - Conducted audit remediation and financial clean‑up for subsidiaries of a US pharmaceutical company, restoring compliance and accuracy. - [Supporting African Conglomerate in developing an India entry strategy for Furniture Wholesale Trading](https://devsite.nexdigm.com/case_studies/supporting-african-conglomerate-in-developing-an-india-entry-strategy-for-furniture-wholesale-trading/) - Advised an African conglomerate on developing a market entry strategy for furniture wholesale in India, covering regulations and feasibility. - [Data Validation, Mining, and Entry of 22,000+ Veterinary Businesses for a Global Chain of Veterinary Clinics](https://devsite.nexdigm.com/case_studies/data-validation-mining-and-entry-of-22000-veterinary-businesses-for-a-global-chain-of-veterinary-clinics/) - Executed large-scale data validation and entry for 22,000+ veterinary businesses, enabling a global clinic chain to improve market outreach. - [Supporting British Steel Trading Company for the sale of Indian Assets as a part of global re-structuring plan](https://devsite.nexdigm.com/case_studies/supporting-british-steel-trading-company-for-the-sale-of-indian-assets-as-a-part-of-global-re-structuring-plan/) - Advised a British steel trading company on the sale of Indian assets as part of its global restructuring, ensuring legal and financial compliance. - [Evaluation of Market Dynamics for EP and PP Compound Goods in India for a Multinational Japanese Chemical Company](https://devsite.nexdigm.com/case_studies/evaluation-of-market-dynamics-for-ep-and-pp-compound-goods-in-india-for-a-multinational-japanese-chemical-company/) - Evaluated market trends and competitor positioning for EP and PP compounds in India, helping a Japanese chemical firm define growth strategy. - [Analysis of existing transactions and providing mitigation strategies on PE exposure and POEM of the foreign company](https://devsite.nexdigm.com/case_studies/analysis-of-existing-transactions-and-providing-mitigation-strategies-on-pe-exposure-and-poem-of-the-foreign-company/) - Assessed existing transactions to structure mitigation for PE exposure and POEM risk under foreign direct investment regulations. - [Project management services for the setting-up of a distribution and replenishment hub in Singapore for the APAC region](https://devsite.nexdigm.com/case_studies/project-management-services-for-the-setting-up-of-a-distribution-and-replenishment-hub-in-singapore-for-the-apac-region/) - Oversaw setup of a distribution and replenishment hub in Singapore, enabling efficient supply chain operations for the APAC region. - [Accounting, Month-end Closures, Compliance Management, and ERP Implementation for a70-year-old Family-owned Conglomerate](https://devsite.nexdigm.com/case_studies/accounting-month-end-closures-compliance-management-and-erp-implementation-for-a70-year-old-family-owned-conglomerate/) - Month‑end closure optimization, compliance overhaul and ERP rollout for a legacy 70‑year family conglomerate delivering precise reporting. - [Building Supply Resilience and Cost Stability Through Strategic Commodity Risk Management](https://devsite.nexdigm.com/case_studies/building-supply-resilience-and-cost-stability-through-strategic-commodity-risk-management/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Portfolio reporting and data management services to family offices](https://devsite.nexdigm.com/case_studies/portfolio-reporting-and-data-management-services-to-family-offices/) - Client : Ultra-High Net Worth Family Offices Service Offered : Portfolio Consolidation Support Sector / Industry : Banking and Finance Objective Nexdigm partnered with an IT platform provider as an implementation partner to provide portfolio reporting and data management services to Ultra-High Net Worth family offices. We also offered tax advisory services, technology integration and - [Market Evaluation for a Custom Woodworking Company](https://devsite.nexdigm.com/case_studies/market-evaluation-for-a-custom-woodworking-company/) - Assessed growth potential, customer segments, and demand drivers to guide expansion strategy for a custom woodworking company in a niche market. - [Reinventing a Supplier-Dependent Supply Chain through Direct Sourcing](https://devsite.nexdigm.com/case_studies/reinventing-a-supplier-dependent-supply-chain-through-direct-sourcing/) - Nexdigm is a leading professional services group in India providing business consulting, assurance, tax, corporate services, and F&A outsourcing services to companies currently conducting or initiating business in India as well as those expanding overseas. - [Identification and valuation of intangible assets to determine the Purchase Price Allocation (PPA) for Financial Reporting Purposes](https://devsite.nexdigm.com/case_studies/identification-and-valuation-of-intangible-assets-to-determine-the-purchase-price-allocation-ppa-for-financial-reporting-purposes-2/) - Performed valuation of intangible assets to determine accurate purchase price allocation (PPA) in line with financial reporting requirements. - [Identification and valuation of intangible assets to determine the Purchase Price Allocation (PPA) for Financial Reporting Purposes](https://devsite.nexdigm.com/case_studies/identification-and-valuation-of-intangible-assets-to-determine-the-purchase-price-allocation-ppa-for-financial-reporting-purposes/) - Assisted with the identification and valuation of intangibles to support compliant purchase price allocation under accounting standards. - [Winding down of the operations of a Company in DMCC, UAE](https://devsite.nexdigm.com/case_studies/winding-down-of-the-operations-of-a-company-in-dmcc-uae/) - Managed the complete winding down process for a company in DMCC, UAE, covering regulatory closures, asset transition, and legal formalities. - [Warehouse Network Optimization for Rapid Point-of-Care Diagnostics Manufacturer](https://devsite.nexdigm.com/case_studies/warehouse-network-optimization-for-rapid-point-of-care-diagnostics-manufacturer/) - Optimized warehouse network design for a diagnostics manufacturer to reduce logistics costs and improve supply chain responsiveness across regions. - [Valuation Review of an Indo-Japanese Joint Venture for a Leading Indian Bank](https://devsite.nexdigm.com/case_studies/valuation-review-of-an-indo-japanese-joint-venture-for-a-leading-indian-bank/) - Conducted a valuation review of an Indo-Japanese joint venture to support a leading Indian bank’s strategic and financial decision-making process. - [Valuation of investments in a financial technology company for Financial Reporting and Closure of Books of Accounts](https://devsite.nexdigm.com/case_studies/valuation-of-investments-in-a-financial-technology-company-for-financial-reporting-and-closure-of-books-of-accounts/) - Conducted investment valuation in a fintech company to support financial reporting and year-end book closure in line with global standards. - [Transforming the contract management process of a global e-commerce company and migration to a new platform](https://devsite.nexdigm.com/case_studies/transforming-the-contract-management-process-of-a-global-e-commerce-company-and-migration-to-a-new-platform/) - Redesigned the contract management process and migrated to a new platform for a global e-commerce company, enhancing speed and compliance. - [Tax litigation before the Mumbai Tax Tribunal](https://devsite.nexdigm.com/case_studies/tax-litigation-before-the-mumbai-tax-tribunal/) - Represented a client before the Mumbai Tax Tribunal, handling complex litigation matters involving key tax positions and regulatory interpretation. - [Supported the IT division of a logistics company with the utilization of surplus profits](https://devsite.nexdigm.com/case_studies/supported-the-it-division-of-a-logistics-company-with-the-utilization-of-surplus-profits/) - Guided the IT division of a logistics firm on strategic utilization of surplus profits for technology investment and long-term planning. - [Successful repatriation of Overdue Funds](https://devsite.nexdigm.com/case_studies/successful-repatriation-of-overdue-funds/) - Facilitated the repatriation of overdue foreign funds by addressing regulatory roadblocks and coordinating with banks and stakeholders. - [Streamlining Payroll Operations for an Indian IT Giant](https://devsite.nexdigm.com/case_studies/streamlining-payroll-operations-for-an-indian-it-giant/) - Optimized payroll operations for a major Indian IT company by improving processing efficiency, accuracy, and statutory compliance at scale. - [Setting up and managing the Finance and Accounting function of a Sports Team](https://devsite.nexdigm.com/case_studies/setting-up-and-managing-the-finance-and-accounting-function-of-a-sports-team/) - Handled finance and accounting setup for a sports team, covering payroll, vendor payments, regulatory compliance, and financial reporting. - [Roadmap for APAC Service & Repair Network Set](https://devsite.nexdigm.com/case_studies/roadmap-for-apac-service-repair-network-set/) - Developed a roadmap for building a service and repair network across APAC, aligning operational goals with customer support efficiency. - [Reporting Inadequacies in Revenue and Associated Processes](https://devsite.nexdigm.com/case_studies/reporting-inadequacies-in-revenue-and-associated-processes/) - Identified reporting gaps in revenue processes and recommended process improvements to strengthen financial controls and compliance. - [Receivables Management and Optimization](https://devsite.nexdigm.com/case_studies/receivables-management-and-optimization/) - Improved receivables performance by optimizing collection cycles, reducing overdue accounts, and enhancing cash flow visibility. - [Provided integrated accounting, tax, and compliance support for wholly-owned Indian subsidiary](https://devsite.nexdigm.com/case_studies/provided-integrated-accounting-tax-and-compliance-support-for-wholly-owned-indian-subsidiary/) - Delivered integrated accounting, tax, and compliance services for a wholly owned Indian subsidiary, ensuring operational control and statutory adherence. - [Provided financial due diligence shared services as an extended team to support the global transactions](https://devsite.nexdigm.com/case_studies/provided-financial-due-diligence-shared-services-as-an-extended-team-to-support-the-global-transactions/) - Delivered financial due diligence and shared services support as an extended team to assist global transactions for a multinational client. - [Project management for winding down operations in India](https://devsite.nexdigm.com/case_studies/project-management-for-winding-down-operations-in-india/) - Managed the winding down of operations in India, covering regulatory closure, workforce transition, and strategic project coordination. - [Program Management support to setup a Centre of Excellence](https://devsite.nexdigm.com/case_studies/program-management-support-to-setup-a-centre-of-excellence/) - Led program management to establish a Centre of Excellence, streamlining governance, reporting, and strategic alignment across functions. - [Program Management Support for Product Launch, Migration, Testing, and Implementation of Medical Products](https://devsite.nexdigm.com/case_studies/program-management-support-for-product-launch-migration-testing-and-implementation-of-medical-products/) - Assisted with contract management during a business divestiture, aligning documentation, timelines, and compliance across stakeholders. - [Program Management support for creating and monitoring data-based, system enhancement, and new system development projects](https://devsite.nexdigm.com/case_studies/program-management-support-for-creating-and-monitoring-data-based-system-enhancement-and-new-system-development-projects/) - Enabled smooth medical product launch by managing testing, data migration, and implementation across global systems and regulatory environments. - [Procurement Process Optimization](https://devsite.nexdigm.com/case_studies/procurement-process-optimization/) - Improved procurement efficiency by streamlining sourcing workflows, vendor management, and internal controls to reduce costs and cycle times. - [Process Automation and Optimization](https://devsite.nexdigm.com/case_studies/process-automation-and-optimization/) - Automated business-critical processes to reduce manual effort, improve accuracy, and enable scalable operations for a large enterprise. - [Payroll, leaves calculation, and labor law compliances for 600+ employees](https://devsite.nexdigm.com/case_studies/payroll-leaves-calculation-and-labor-law-compliances-for-600-employees/) - Delivered payroll processing, leave tracking, and labor law compliance for 600 employees, ensuring accuracy and regulatory adherence. - [Payroll consulting and compliance services for an Indian IT company with global offices](https://devsite.nexdigm.com/case_studies/payroll-consulting-and-compliance-services-for-an-indian-it-company-with-global-offices/) - Provided payroll advisory and statutory compliance support to an Indian IT firm with global offices, ensuring accurate, compliant operations. - [Optimization of IT Infrastructure to maximize productivity](https://devsite.nexdigm.com/case_studies/optimization-of-it-infrastructure-to-maximize-productivity/) - Redesigned IT infrastructure to improve system performance, streamline workflows, and enhance enterprise productivity for a global client. - [Optimization of collections using analytics](https://devsite.nexdigm.com/case_studies/optimization-of-collections-using-analytics/) - Enhanced collections through data-driven insights, segmentation models, and predictive analytics to improve recovery rates and cash flow. - [Managed Payroll, Leave, Attendance, and Payroll Compliances for 700+ Associates](https://devsite.nexdigm.com/case_studies/managed-payroll-leave-attendance-and-payroll-compliances-for-700-associates/) - Handled end-to-end payroll, leave, attendance, and compliance services for 700 associates, ensuring transparency and process consistency. - [Managed Payroll and Compliance Service for 300+ Associates](https://devsite.nexdigm.com/case_studies/managed-payroll-and-compliance-service-for-300-associates/) - Delivered managed payroll and statutory compliance services for 300 associates, ensuring accurate processing and timely filings. - [Low-touch Vendor Invoice Processing](https://devsite.nexdigm.com/case_studies/low-touch-vendor-invoice-processing/) - Implemented low-touch invoice processing to automate vendor workflows, reduce manual intervention, and enhance accounts payable efficiency. - [Investigation services including digital forensic review, data analysis and interviews](https://devsite.nexdigm.com/case_studies/investigation-services-including-digital-forensic-review-data-analysis-and-interviews/) - Delivered forensic investigation involving data analysis, digital review, and interviews to uncover fraud indicators and control gaps. - [Investigation of WB allegation regarding diversion of funds, conflict of interest and kickbacks received by employees](https://devsite.nexdigm.com/case_studies/investigation-of-wb-allegation-regarding-diversion-of-funds-conflict-of-interest-and-kickbacks-received-by-employees/) - Led investigation into World Bank-related allegations on fund diversion, kickbacks, and conflicts of interest involving internal employees. - [Interim CFO Services](https://devsite.nexdigm.com/case_studies/interim-cfo-services/) - Provided interim CFO support to ensure financial leadership, business continuity, and compliance during a critical organizational transition. - [Improving Supply Chain Resiliency through Strategic Sourcing in the US](https://devsite.nexdigm.com/case_studies/improving-supply-chain-resiliency-through-strategic-sourcing-in-the-us/) - Strengthened supply chain resilience for a U.S.-based client by implementing strategic sourcing and diversifying vendor risk exposure. - [Implementing Distinct Financial Records to Ensure Full Compliance with the UAE Tax Regulations](https://devsite.nexdigm.com/case_studies/implementing-distinct-financial-records-to-ensure-full-compliance-with-the-uae-tax-regulations/) - Created an independent financial records structure to ensure full compliance with UAE tax laws and support accurate reporting and audit readiness. - [Identification of Revenue Leakages](https://devsite.nexdigm.com/case_studies/identification-of-revenue-leakages/) - Uncovered revenue leakages through process diagnostics and controls testing, helping the client recover missed income and tighten oversight. - [Global Payroll Services](https://devsite.nexdigm.com/case_studies/global-payroll-services/) - Delivered centralized payroll solutions across multiple geographies, improving compliance, accuracy, and efficiency for a global client. - [Fair Valuation of Indian Operations of a Global Transportation and Shipping Company for acquisition](https://devsite.nexdigm.com/case_studies/fair-valuation-of-indian-operations-of-a-global-transportation-and-shipping-company-for-acquisition/) - Delivered fair valuation for Indian shipping operations to support acquisition scope and deal planning for a multinational transportation firm. - [Facilitating strategic business matchmaking between Japanese and Indian auto-component suppliers and manufacturers](https://devsite.nexdigm.com/case_studies/facilitating-strategic-business-matchmaking-between-japanese-and-indian-auto-component-suppliers-and-manufacturers/) - Matched Japanese suppliers with Indian auto manufacturers through capability alignment and deal facilitation - creating strategic partnerships. - [Facilitating Global Expansion](https://devsite.nexdigm.com/case_studies/facilitating-global-expansion/) - Enabled seamless global growth via cross-border entity setup, compliance framework, and operational strategy for a multinational client. - [Enterprise Resource Planning –Transition and Transformation](https://devsite.nexdigm.com/case_studies/enterprise-resource-planning-transition-and-transformation/) - Led a full-scale ERP transition covering process redesign, system migration, and stakeholder alignment to support business transformation goals. - [End-to-End Digitization of multiple Cross-functional Processes](https://devsite.nexdigm.com/case_studies/end-to-end-digitization-of-multiple-cross-functional-processes/) - Digitized cross-functional workflows across departments to enhance process transparency, reduce turnaround time, and support scale. - [Efficient Project Crashing Through Six Sigma Principles](https://devsite.nexdigm.com/case_studies/efficient-project-crashing-through-six-sigma-principles/) - Implemented Six Sigma principles to compress project timelines, enhance delivery speed, and maintain process quality across key phases. - [Determining the fair market value of shares for a global platform dealing in fine arts and its multiple subsidiaries across borders](https://devsite.nexdigm.com/case_studies/determining-the-fair-market-value-of-shares-for-a-global-platform-dealing-in-fine-arts-and-its-multiple-subsidiaries-across-borders/) - Conducted fair market valuation of a global fine arts platform and its cross-border subsidiaries to support strategic decision-making and reporting. - [Commercial and Operational Evaluation of 4PL Arrangement](https://devsite.nexdigm.com/case_studies/commercial-and-operational-evaluation-of-4pl-arrangement/) - Assessed a 4PL logistics arrangement covering commercial viability, operational efficiency, and alignment with the client’s supply chain goals. - [Centralizing the Global Payroll, Finance, and HR operations in India](https://devsite.nexdigm.com/case_studies/centralizing-the-global-payroll-finance-and-hr-operations-in-india/) - Streamlined global payroll, finance, and HR processes by setting up a centralized operations hub in India for improved control and cost efficiency. - [Centralizing and transforming data with a unified data warehouse for Real Estate Investment Trust](https://devsite.nexdigm.com/case_studies/centralizing-and-transforming-data-with-a-unified-data-warehouse-for-real-estate-investment-trust/) - Built a centralized data warehouse for a REIT, improving data accessibility, reporting accuracy, and overall digital transformation. - [Buy side Valuation of an Online Poker Company for an International Investment Group](https://devsite.nexdigm.com/case_studies/buy-side-valuation-of-an-online-poker-company-for-an-international-investment-group/) - Conducted buy-side valuation for an online poker platform, supporting an international investment group in strategic decision-making. - [Business Establishment an Irish Auto Component Manufacturing Company](https://devsite.nexdigm.com/case_studies/business-establishment-an-irish-auto-component-manufacturing-company/) - Facilitated India entry and complete business setup for an Irish auto component company, covering entity formation, licensing, and operations. - [Back office support to a Wealth Management Company](https://devsite.nexdigm.com/case_studies/back-office-support-to-a-wealth-management-company/) - Provided comprehensive back-office support for a global wealth management firm, improving process efficiency and regulatory adherence. - [Accounting and Corporate Services Setup](https://devsite.nexdigm.com/case_studies/accounting-and-corporate-services-setup/) - A case study on establishing accounting and corporate services for a new entity, ensuring operational readiness and regulatory alignment. - [Account Payable and GST Process Support](https://devsite.nexdigm.com/case_studies/account-payable-and-gst-process-support/) - How Nexdigm streamlined accounts payable and GST processes for a leading client, driving efficiency, compliance, and cost savings. - [Contract management services including contract drafting, redlining, and negotiation](https://devsite.nexdigm.com/case_studies/contract-management-services-including-contract-drafting-redlining-and-negotiation/) - Client : A Fortune 500 healthcare company Service Offered : Contract Management Services Sector / Industry : Healthcare Objective The client sought a partner to centralize the contract management process within the procure to pay function. This included process standardization, reduction in turnaround time, process automation, and risk management. Challenges Decentralized processes across geographies and - [Finance Function Transition and Management for the Client’s Indian Operations](https://devsite.nexdigm.com/case_studies/finance-function-transition-and-management-for-the-clients-indian-operations/) - Client : A US-based Artificial Intelligence and IT Services Provider Financial Service Offered : Full-Suite Corporate Services Sector / Industry : IT and ITeS Objective The client, a leading artificial intelligence software developer, has a Global Capability Center focused on Research and Development in India, monitored by the USA headquarters. Nexdigm’s end-to-end support spans managing - [Automated processes to provide tax computation of Net Asset Value (NAV) computation for a large AIF company](https://devsite.nexdigm.com/case_studies/automated-processes-to-provide-tax-computation-of-net-asset-value-nav-computation-for-a-large-aif-company/) - Client : One of the leading players in the Alternative Investment Funds (AIF) in India Service Offered : Automating tax computation process Sector / Industry : Banking and Finance AIF industry. AIFs are required to report monthly NAV with the Securities and Exchange Board of India (SEBI). After introducing tax on long term capital gains, - [Managing Tax Returns and Computing Capital Gains for a UK Firm](https://devsite.nexdigm.com/case_studies/managing-tax-returns-and-computing-capital-gains-for-a-uk-firm/) - Client : Tax Returns and Capital Gains to a UK-based CPA Firm Service Offered : Tax Return Services Sector / Industry : Professional Services (CPA) firm in the UK that provides a full range of tax, accounting, and business advisory services. Nexdigm was roped in to handle their UK tax returns and capital gains calculation - [Streamlining payroll process for Zenith Technologies, a Life Sciences Automation Provider](https://devsite.nexdigm.com/case_studies/streamlining-payroll-process-for-zenith-technologies-a-life-sciences-automation-provider/) - Client : Zenith Technologies Service Offered : Payroll, Administration and HR Compliance Sector / Industry : Healthcare, IT Company) is a prime life sciences automation services provider specializing in delivering scalable technology solutions and end-to-end factory solutions for the pharmaceutical and medical industry. Zenith Technologies wanted us to build a payroll processing system that would - [Fair Valuation of Restricted Stock Units for an Employee Incentive Plan](https://devsite.nexdigm.com/case_studies/fair-valuation-of-restricted-stock-units-for-an-employee-incentive-plan/) - Client : A multinational laboratory solutions provider Service Offered : Due Diligence & Valuations Sector / Industry : Manufacturing global multinational laboratory solutions provider (Client) specializing in designing, manufacturing, and installing laboratory furniture. formulate the incentive plan and gain approval from the Board of Directors. The RSUs were thereafter swiftly granted to the employees and - [Valuation of a Gold Refining Business for a Strategic Stake Sale by a Venture Capital Fund](https://devsite.nexdigm.com/case_studies/valuation-of-a-gold-refining-business-for-a-strategic-stake-sale-by-a-venture-capital-fund/) - Client : An African Gold Refinery Company Service Offered : Due Diligence & Valuations Sector / Industry : Materials (Client) that mainly invests in the commodities business. The Client and another investor have been working with the Government of Kenya to set up gold refinery operations (Company) in Kenya. The Company had received the requisite - [Fair Valuation of an Online Classifieds Service Provider for a Multi-billion Dollar Hedge Fund](https://devsite.nexdigm.com/case_studies/fair-valuation-of-an-online-classifieds-service-provider-for-a-multi-billion-dollar-hedge-fund/) - Client : A leading Indian classifieds portal Service Offered : Due Diligence & Valuations Sector / Industry : IT and ITeS making concentrated long-term investments in public and private equity, focusing primarily on technology oriented businesses. As part of their portfolio, the Client has multiple investments in the Indian ecommerce industry, including investment in a - [Provided Interim CFO Services to a Technology Company](https://devsite.nexdigm.com/case_studies/provided-interim-cfo-services-to-a-technology-company/) - Client : A subsidiary of a US-based technology company providing R&D related to ITeS and other support services Service Offered : Interim CFO Services Sector / Industry : IT/ITeS and provides various services such as R&D (Research and Development), product support and other support services to the group. Their CFO (Chief Financial Officer) in India - [Offered Audit Support to a US-based Medical Devices Company](https://devsite.nexdigm.com/case_studies/offered-audit-support-to-a-us-based-medical-devices-company/) - Client : A subsidiary of a US-based manufacturing company engaged in diagnostic systems Service Offered : Audit Support Services Sector / Industry : Healthcare Equipment and Services sells glucose monitoring and diabetes management products. The client was part of a major divestiture at a global level in the year 2019-20. The company started its operation - [Full Suite Company Secretarial Services for an Indian Wealth Management Firm](https://devsite.nexdigm.com/case_studies/full-suite-company-secretarial-services-for-an-indian-wealth-management-firm/) - Client : An Indian Wealth Management Firm Service Offered : Company Secretarial Compliances Sector / Industry : Banking and Finance Company in India, engaged in all types of financial services, including but not limited to stock broking, depository participant, portfolio management, investment advisory, lending activities, distribution of financial products offered by companies, financial institutions, banks, - [Carried out a Purchase Price Allocations study for Financial Reporting for a major P.E. Fund](https://devsite.nexdigm.com/case_studies/carried-out-a-purchase-price-allocations-study-for-financial-reporting-for-a-major-p-e-fund/) - Client : An Enterprise Solution Provider Service Offered : Purchase Price Allocation (PPA) for Financial Reporting purposes Sector / Industry : IT and ITeS Objective The Fund / Division (Client) approached Nexdigm to assist with identification of the intangible assets acquired as part of the software division acquisition, the purchase price allocation (PPA) of the - [Revamp of tax withholding procedure on import of software and filing for refund](https://devsite.nexdigm.com/case_studies/revamp-of-tax-withholding-procedure-on-import-of-software-and-filing-for-refund/) - Client : A Finland-based Software Solution Service Provider Service Offered : Full-Suite Corporate Services (Excluding Accounting) Sector / Industry : IT and ITeS Objective Nexdigm’s end-to-end support spans managing critical business functions, including: Finance Controlling Corporate Tax Compliances Company Secretarial Services Payroll Management and Compliances Solution Nexdigm advised the parent entity to file Return of - [Entity management and finance, tax, and corporate compliance support](https://devsite.nexdigm.com/case_studies/entity-management-and-finance-tax-and-corporate-compliance-support/) - Client : US-based Manufacturer of Plant-based Sweeteners Service Offered : Full-Suite Corporate Services Sector / Industry : Food Processing Objective The client is a manufacturer and distributor of plant-based sweeteners for the global food and beverage industry. Nexdigm’s multi-functional support to the client included: Finance Controllership and Accounting Treasury Services Direct and Indirect Tax Compliances - [Tracking and managing all contractual obligations through the use of an AI-enabled platform](https://devsite.nexdigm.com/case_studies/tracking-and-managing-all-contractual-obligations-through-the-use-of-an-ai-enabled-platform/) - Client : An America-based software and security company Service Offered : Contract Management Services – Post-execution Obligation Management Support Sector / Industry : IT and ITeS Objective The Client wanted to create a common central repository for all contracts which could be accessed by all relevant stakeholders while simultaneously providing real-time visibility of contractual obligations - [Fair Valuation of an Enterprise Solution Provider for an Indian Financial Institution](https://devsite.nexdigm.com/case_studies/fair-valuation-of-an-enterprise-solution-provider-for-an-indian-financial-institution/) - Client : A Rapidly Growing Enterprise Solution Provider Service Offered : Buy-side Valuation for a Transaction Sector / Industry : IT and ITeS Objective Our Client (Client) is a leading Indian financial institution listed on NSEand BSE. The Client specialized in providing debt financing to self-employed entrepreneurs, Micro, Small & Medium Enterprises (MSME) and consumers - [Fair Valuation of a FinTech Lending Business for a leading Indian Financial Institution](https://devsite.nexdigm.com/case_studies/fair-valuation-of-a-fintech-lending-business-for-a-leading-indian-financial-institution/) - Client : An Eminent Micro Lending Business Service Offered : Buy-side Valuation for a Transaction Sector / Industry : Banking and Finance Objective Our client (Client) is a leading Indian financial institution, specializing in providing debt financing to self-employed entrepreneurs, Micro, Small and Medium Enterprises (MSME) and consumers in India. The Client had successfully used - [Fair Valuation of the Leading Indian Online Insurance Aggregator for a Hedge Fund](https://devsite.nexdigm.com/case_studies/fair-valuation-of-the-leading-indian-online-insurance-aggregator-for-a-hedge-fund/) - Client : India’s Largest Online Insurance Aggregator Service Offered : Fair Market Valuation for Financial Reporting Sector / Industry : Banking and Finance Objective Our client (Client) is a leading India-focused hedge fund making concentrated long-term investments across diverse sectors. As part of their portfolio, they have multiple investments in the Indian e-commerce industry, one - [Provided Audit support to one of the leading Healthcare Companies](https://devsite.nexdigm.com/case_studies/provided-audit-support-to-one-of-the-leading-healthcare-companies/) - Client : One of the leading distributors of LASIK equipment and eye health products Service Offered : Audit Support Sector / Industry : Healthcare Objective The client is a part of a recent global acquisition having the erstwhile group’s accounting centralized at Singapore. Post-acquisition, while the client was still in the process of setting up - [Arriving at the Fair Market Valuation of a Real Estate Fund for Compliance purposes](https://devsite.nexdigm.com/case_studies/arriving-at-the-fair-market-valuation-of-a-real-estate-fund-for-compliance-purposes/) - Client : A Multi-Billion Dollar Real Estate Fund Service Offered : Fair Market Valuation for FEMA Compliance Sector / Industry : Banking and Finance Objective Our client, a leading India focused real estate fund (Client) backed by one of the U.S.’s largest banks, makes investments in commercial and residential properties across several metropolitan cities in - [Fair Valuation of an Online Retailer for a leading Hedge Fund](https://devsite.nexdigm.com/case_studies/fair-valuation-of-an-online-retailer-for-a-leading-hedge-fund/) - Client : A multi-billion dollar Indian e-commerce giant Service Offered : Fair Market Valuation for Financial Reporting Sector / Industry : Retailing Objective Our client (Client) is a leading India-focused hedge fund making concentrated long-term investments across diverse sectors. As part of their portfolio, they have multiple investments in Indian e-commerce, including India’s largest online - [Fair Valuation of a Micro Lending Business for a leading Indian Financial Institution](https://devsite.nexdigm.com/case_studies/fair-valuation-of-a-micro-lending-business-for-a-leading-indian-financial-institution/) - Client : An Eminent Micro Lending Business Service Offered : Buy-side Valuation for a Transaction Sector / Industry : Banking and Finance Objective Our client (Client) is a leading Indian financial institution, specializing in providing debt financing to self-employed entrepreneurs, Micro, Small & Medium Enterprises (MSME)and consumers in India. The Client had successfully used technology-led - [Fair Market Valuation of a Corporate Restructuring involving the Merger of a Subsidiary](https://devsite.nexdigm.com/case_studies/fair-market-valuation-of-a-corporate-restructuring-involving-the-merger-of-a-subsidiary/) - Client : The Shipping Division of a Publicly Traded Company Service Offered : Fair Market Valuation and Regulatory Impact Analysis Sector / Industry : Marine Transportation Objective The client, a publicly traded conglomerate (Client), with interests in engineering, shipping and logistics, real estate and IT, was in the process of evaluating various strategies to streamline ## Alerts - [Key Highlights of GST Notification and Clarification Circulars in June 2026](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-june-2026/) - The GSTN team has released the Gross and Net GST revenue collections for May 2026. - [Key Highlights of GST Notification and Clarification Circulars in May 2026](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-may-2026/) - The GSTN team has released the Gross and Net GST revenue collections for April 2026. - [Vietnam Employment and Labor Law Reforms Effective July 2026: Key Changes for Employers](https://devsite.nexdigm.com/alerts/vietnam-employment-and-labor-law-reforms-effective-july-2026-key-changes-for-employers/) - Vietnam has introduced a series of significant employment and labor law reforms effective from 1 July 2026. The changes affect social insurance contributions, employee leave entitlements, payroll reporting obligations, public holidays, and the adoption of electronic labor contracts. Employers should review payroll, HR, and compliance processes to ensure readiness for the new requirements. The year - [India–UK Double Contribution Convention to take effect from 15 July 2026](https://devsite.nexdigm.com/alerts/india-uk-double-contribution-convention-to-take-effect-from-15-july-2026/) - India and the UK have agreed a DCC that will come into force alongside the CETA on 15 July 2026. A DCC is a type of Social Security Agreement (SSA) that co-ordinates the payment of social security contributions, and it forms part of the wider India-UK Comprehensive Economic and Trade Agreement (CETA). The DCC will support business - [VAT Refund for UAE Nationals Building New Residences](https://devsite.nexdigm.com/alerts/vat-refund-for-uae-nationals-building-new-residences/) - The Federal Tax Authority has issued an update in June 2026 to the VAT Guide for UAE Nationals building new residences. The same primarily focuses on revising Appendix 1 to align with FTA Decision No. 5 of 2026 (effective 1 January 2026). The revision expands and clarifies the list of eligible expenses, particularly by expressly including certain - [Annual Survey of Incorporated Services Sector Enterprises (ASISSE) Companies Receiving ASISSE Notices - Action Required](https://devsite.nexdigm.com/alerts/annual-survey-of-incorporated-services-sector-enterprises-asisse-companies-receiving-asisse-notices-action-required/) - The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), Government of India, has commenced the Annual Survey of Incorporated Services Sector Enterprises (ASISSE) for FY 2024-25. Selected companies are receiving communications from the NSO seeking financial and operational information relating to their business activities. As the survey requires input from multiple functions - [Time to Act: Australia's Payday Super Reform Takes Effect on 1 July 2026](https://devsite.nexdigm.com/alerts/time-to-act-australias-payday-super-reform-takes-effect-on-1-july-2026/) - Australia's superannuation system is set for a major shift with the introduction of "Payday Super," effective 1 July 2026. This reform requires employers to align superannuation contributions with payroll cycles, improving transparency and strengthening retirement outcomes for employees. - [Electronic Invoicing Guidelines v1.1: Clarifications on Storage, ASP Obligations, Advance Payments, and Retention](https://devsite.nexdigm.com/alerts/electronic-invoicing-guidelines-v1-1-clarifications-on-storage-asp-obligations-advance-payments-and-retention/) - The UAE Ministry of Finance (MoF) has issued Version 1.1 of the Electronic Invoicing Guidelines (1 June 2026), providing important clarifications to the framework introduced under MD No. 243 of 2025 and MD No. 244 of 2025. - [OECD Provides Relief for GloBE Information Return Central Filing Obligations and Extends Transitional UTPR Safe Harbor](https://devsite.nexdigm.com/alerts/oecd-provides-relief-for-globe-information-return-central-filing-obligations-and-extends-transitional-utpr-safe-harbor/) - On 18 May 2026, the OECD released a package of administrative guidance and implementation support measures under the Pillar Two Global Anti-Base Erosion (GloBE) framework. The measures address practical implementation challenges arising in the first year of GloBE compliance, particularly regarding the filing and exchange of the GloBE Information Return (GIR). - [Voluntary Liquidation Process Refined](https://devsite.nexdigm.com/alerts/voluntary-liquidation-process-refined/) - The Insolvency and Bankruptcy Board of India (Board) has notified the IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2026 (Amendment Regulations) with effect from 1 June 2026. The Amendment Regulations made several changes to the voluntary liquidation process. - [FTA Activates Pillar Two Registration Functionality on Emara Tax Portal](https://devsite.nexdigm.com/alerts/fta-activates-pillar-two-registration-functionality-on-emara-tax-portal/) - The Federal Tax Authority (FTA) has recently activated the Pillar Two registration functionality on the Emara Tax portal, indicating the UAE tax authorities' continued progress toward implementation of the OECD's Global Anti-Base Erosion (GloBE) framework and the Domestic Minimum Top-up Tax (DMTT) regime in the UAE. The registration tab is now visible on the EmaraTax - [India Introduces Tax Exemption on FII Investment in Government Securities - A defense against currency depreciation](https://devsite.nexdigm.com/alerts/india-introduces-tax-exemption-on-fii-investment-in-government-securities-a-defense-against-currency-depreciation/) - The Income Tax (Amendment) Ordinance, 2026 (No. 2 of 2026) was promulgated on 5 June 2026 to amend Schedule IV of the Income Tax Act, 2025. The Ordinance provides an exemption from income tax for specified income earned by eligible foreign institutional investors (FIIs) and the Bank for International Settlement (BIS) from investments in Indian - [Major updates in the Wage Protection System of the UAE](https://devsite.nexdigm.com/alerts/major-updates-in-the-wage-protection-system-of-the-uae/) - Effective from 1 June 2026, the UAE Ministry of Human Resources and Emiratisation (MoHRE) has issued Ministerial Resolution No. 340 of 2026, introducing sweeping reforms to the Wage Protection System (WPS) with a revised regulatory framework governing wage payment obligation. This resolution significantly tightens wage payment timelines, strengthens compliance monitoring, and escalates enforcement measures across - [UAE E-Invoicing Timeline Extended: Additional Window for ASP Evaluation and Readiness](https://devsite.nexdigm.com/alerts/uae-e-invoicing-timeline-extended-additional-window-for-asp-evaluation-and-readiness/) - The recent extension in ASP appointment timelines under the UAE e-invoicing framework is expected to provide organizations with additional flexibility and time to evaluate Accredited Service Provider (ASP) options while continuing implementation and technology readiness efforts, particularly for taxpayers with revenue exceeding AED 50 million ahead of the phased rollout. Although the timeline for appointment - [Key Highlights of GST Notification and Clarification Circulars in April 2026](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-april-2026/) - The GSTN team has released Gross and Net GST revenue collections for the month of March 2026. - [Extension for appointment of ASP for Businesses having revenue of more than AED 50 million and Key E-invoicing updates](https://devsite.nexdigm.com/alerts/extension-for-appointment-of-asp-for-businesses-having-revenue-of-more-than-aed-50-million-and-key-e-invoicing-updates/) - The UAE's Ministry of Finance (MOF) has announced significant updates and amendments to the upcoming e-invoicing framework. A summary of the key developments is provided below for your immediate reference. - [UAE Corporate Tax Clarification on "Director" and "Officer" for the purpose of payments to Connected Persons under Article 36](https://devsite.nexdigm.com/alerts/uae-corporate-tax-clarification-on-director-and-officer-for-the-purpose-of-payments-to-connected-persons-under-article-36/) - Key Clarifications under Public Clarification CTP010 Article 36 of the Corporate Tax Law states that payment or benefit provided by a Taxable Person to its Connected Person will be deductible only if and to the extent that the payment or benefit corresponds with the Market Value of the service or benefit provided by the Connected - [Bombay HC Refers DDT-DTAA Controversy to Larger Bench; Questions Correctness of Colorcon Asia](https://devsite.nexdigm.com/alerts/bombay-hc-refers-ddt-dtaa-controversy-to-larger-bench-questions-correctness-of-colorcon-asia/) - The decision in Foseco India Ltd[1] marks a significant development in the long-standing controversy surrounding the characterization of Dividend Distribution Tax (DDT) under Section 115-O of the Income-Tax Act, 1961 (“the Act”) and its interplay with tax treaties. The Bombay High Court, while expressing prima facie reservations regarding a recent coordinate bench ruling, has referred - [Key Transfer Pricing Changes under the Income-Tax Act, 2025 (ITA, 2025)](https://devsite.nexdigm.com/alerts/key-transfer-pricing-changes-under-the-income-tax-act-2025-ita-2025/) - Effective 1 April 2026 At a Glance - What Has Changed Subtle change in the meaning of Associated Enterprise (AE) u/s 162 Form 48 (erstwhile Form 3CEB) - Revamped Master Filing (Form 56) - Additional Disclosure related to Intangibles In case of an Advance Pricing Agreement (APA), now the affected AE can also file a - [Update on Penalty pursuant to recent Cabinet Decisions](https://devsite.nexdigm.com/alerts/update-on-penalty-pursuant-to-recent-cabinet-decisions/) - The Federal Tax Authority issued revised administrative penalties through Cabinet Decision No. 129 of 2025 applicable to violations of tax laws in the UAE. The amended penalties will take effect on 14 April 2026. Below we compare the revised penalties with those penalties previously in force, focusing on the amended provisions. - [UAE APA - Prefiling Module is now live for taxpayers](https://devsite.nexdigm.com/alerts/uae-apa-prefiling-module-is-now-live-for-taxpayers/) - An Advance Pricing Agreement (APA) is emerging as a key tool for providing certainty in transfer pricing, offering taxpayers a structured mechanism to agree in advance with the Federal Tax Authority (FTA), on the methodology for determining arm's length pricing of related party transactions over a defined period. - [Key Highlights of GST Notification and Clarification Circulars in March 2026](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-march-2026/) - The GSTN team has released Gross and Net GST revenue collections for the month of February 2026. - [Key Highlights of GST Notification and Clarification Circulars in February 2026](https://devsite.nexdigm.com/alerts/gst-trail-for-feb-2026/) - The GSTN team has released Gross and Net GST revenue collections for the month of January 2026. - [Update on Executive Regulation of Federal Decree Law on Tax Procedures](https://devsite.nexdigm.com/alerts/update-on-executive-regulation-of-federal-decree-law-on-tax-procedures/) - The UAE has been steadily refining its tax procedures framework to improve clarity, consistency, and administrative efficiency. With increasing focus on audits, refunds, and voluntary disclosures, certain practical gaps were observed in the existing regulations. To address these and align procedural rules with evolving compliance scenarios, amendments have now been introduced to the Executive Regulations - [CBDT surpasses its previous record by signing 219 APAs including 84 BAPAs in FY 25-26](https://devsite.nexdigm.com/alerts/cbdt-surpasses-its-previous-record-by-signing-219-apas-including-84-bapas-in-fy-25-26/) - The Central Board of Direct Taxes (CBDT) has yet again recorded the highest ever number of Advance Pricing Agreements (APAs) signed with 135 Unilateral APAs (UAPAs) and 84 Bilateral APAs (BAPAs) for the relevant financial year. With this, the CBDT has crossed 1000 mark with a total of 1034 APAs, including 750 UAPAs and 284 - [RBI Introduces Unified EDF for All Exporters; SOFTEX to be Replaced from October 2026](https://devsite.nexdigm.com/alerts/rbi-introduces-unified-edf-for-all-exporters-softex-to-be-replaced-from-october-2026/) - The Reserve Bank of India has recently notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, along with the corresponding Directions, which are scheduled to come into effect from 1 October 2026. These regulations will supersede the existing FEMA Regulations, 2015, thereby introducing a revised regulatory framework governing export and import - [GST Key Year End Activities: FY 2026-27](https://devsite.nexdigm.com/alerts/gst-key-year-end-activities-fy-2026-27/) - With the new financial year around the corner, it is important for companies to ensure adherence to various compliances under the Goods and Services Tax law. Some of the significant compliances are as follows: - [R&D Tax Credit - A significant step towards the UAE's innovation driven tax incentives under the Corporate Tax framework](https://devsite.nexdigm.com/alerts/rd-tax-credit-a-significant-step-towards-the-uaes-innovation-driven-tax-incentives-under-the-corporate-tax-framework/) - As the corporate tax landscape continues to evolve, new incentives are being introduced. The UAE recently introduced R&D Tax Credit regime, and last week it issued additional implementation guidance, bringing much-needed clarity on eligibility, calculation mechanics, compliance requirements, and anti-abuse provisions. - [Inflation Relief for South African Taxpayers for the 2026-27 Tax Year](https://devsite.nexdigm.com/alerts/inflation-relief-for-south-african-taxpayers-for-the-2026-27-tax-year/) - The 2026 Budget Speech delivers crucial respite for individual taxpayers through targeted tax relief, higher exemptions, and enhanced investment allowances effective 1 March 2026. The National Treasury has fully indexed personal income tax brackets and rebates to inflation. - [Union Cabinet Approves Changes to PN3 on Foreign Investments from Land Border-Sharing Countries](https://devsite.nexdigm.com/alerts/union-cabinet-approves-changes-to-pn3-on-foreign-investments-from-land-border-sharing-countries/) - To prevent opportunistic takeovers and acquisitions of Indian companies during COVID-19, the Government amended the FDI Policy through Press Note 3 (2020), dated 17 April 2020 (PN3). Under PN3, an entity from a country sharing a land border with India can invest in or acquire shares of an Indian company only after seeking government approval. - [Socialization of Pension Wage Limit Regulations for 2026 Indonesia](https://devsite.nexdigm.com/alerts/socialization-of-pension-wage-limit-regulations-for-2026-indonesia-rk2/) - BPJS Manpower (Indonesia’s social security system) has updated the 2026 Pension Security wage ceiling in line with regulatory requirements and GDP growth. The new wage limit takes effect in March 2026, and requires Regional and Branch Offices to inform employers. All contribution postings must be aligned with the updated regulations. - [Understanding Payrolling Benefits in Kind (BIK) in the UK](https://devsite.nexdigm.com/alerts/understanding-payrolling-benefits-in-kind-bik-in-the-uk/) - As part of measures to simplify and modernize the UK tax system, HMRC has announced payrolling Benefits In Kind (BIK), meaning that the tax and NIC on benefits will be collected real time through payroll rather than reported annually on P11D forms. Benefits in Kind (BIK) are non-cash benefits provided to employees, such as company - [Consolidated Technical and Operational Update on UAE Electronic Invoicing](https://devsite.nexdigm.com/alerts/uae-vat-update-consolidated-technical-and-operational-update-on-uae-electronic-invoicing/) - [Social Security Agreement (SSA) between India and the UK - End of double payments for employees on temporary overseas assignments](https://devsite.nexdigm.com/alerts/social-security-agreement-ssa-between-india-and-the-uk-end-of-double-payments-for-employees-on-temporary-overseas-assignments/) - On 10 February 2026, India and the UK signed a Social Security Agreement (SSA), which avoids double social security contributions for employees temporarily working on short-term assignments in each other's countries, thereby facilitating the cross-border movement of professionals. - [MCA Announces Scheme to Regularize Non-compliances](https://devsite.nexdigm.com/alerts/mca-announces-scheme-to-regularize-non-compliances/) - The Ministry of Corporate Affairs ("MCA") has introduced the Companies Compliance Facilitation Scheme 2026 ("CFSS 2026") on 24th February 2026. CFSS 2026 gives companies the opportunity to file certain overdue filings at a lower additional fee. This alert summarizes the key aspects of CFSS 2026: - [RBI Liberalises ECB Framework](https://devsite.nexdigm.com/alerts/rbi-liberalises-ecb-framework/) - The Reserve Bank of India ("RBI") has issued FEM (Borrowing and Lending) (First Amendment) Regulations, 2026 ("Amendment Regulations"). The Amendment Regulations dated 9th February 2026 have now been notified in the official gazette and have become effective. The Amendment Regulations have liberalized the existing external commercial borrowing (“ECB”) framework. This alert summarizes below the key - [Thailand social security contribution changes for 2026](https://devsite.nexdigm.com/alerts/thailand-social-security-contribution-changes-for-2026/) - Thailand has approved changes to its social security contribution framework effective 1 January 2026. These changes introduce a higher wage ceiling for calculating monthly social security contributions, affecting both employers and employees. - [Draft Income-tax Rules, 2026 notified for Safe Harbour for IT Services](https://devsite.nexdigm.com/alerts/draft-income-tax-rules-2026-notified-for-safe-harbour-for-it-services/) - Pursuant to the clarification provided in the Hon'ble Finance Minister's Budget Speech regarding the revamping of the Safe Harbour Rule, the Government has introduced Rule 91 of the Income-tax Rules, 2026 which provides a five-year transfer pricing compliance framework for eligible IT service providers, aimed at delivering greater certainty, simplicity, and a reduced compliance burden. - [Key Highlights of GST Notification and Clarification Circulars in January 2026](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-january-2026/) - The GSTN team has released Gross and Net GST revenue collections for the month of December 2025. - [Tax Residency Abroad - not just a game of days spent outside India!](https://devsite.nexdigm.com/alerts/tax-residency-abroad-not-just-a-game-of-days-spent-outside-india/) - Despite relocation and overseas employment, ITAT denies 'Non-Resident' status and treaty benefits In a landmark ruling with far-reaching implications for high-net-worth individuals and globally mobile Indian entrepreneurs, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that Mr. Binny Bansal, co-founder of Flipkart, did not qualify to be a non-resident of India - [Bahrain’s mandatory enhanced wage protection system (WPS) - Key changes for employers effective February 2026](https://devsite.nexdigm.com/alerts/bahrains-mandatory-enhanced-wage-protection-system-wps-key-changes-for-employers-effective-february-2026/) - Bahrain is strengthening its labor market regulatory framework with the Mandatory Enhanced Wage Protection System (WPS). The Labor Market Regulatory Authority (LMRA) announced on 21 October 2025, that all private sector employers must adopt the upgraded system from February 2026. This move aims to reinforce wage transparency, ensure timely salary disbursements, protect employee rights, and - [Singapore CPF Changes Effective 1 January 2026](https://devsite.nexdigm.com/alerts/singapore-cpf-changes-effective-1-january-2026/) - The Singapore Government continues its measured approach to CPF reforms to strengthen retirement adequacy, while giving businesses time to adjust. From 1 January 2026, employers will see the final phase of changes to CPF wage ceilings and contribution rates. Early payroll readiness is critical to avoid compliance risks and operational issues. - [Supreme Court Upholds Revenue’s Right to Tax Tiger Global’s Flipkart Exit Gains](https://devsite.nexdigm.com/alerts/supreme-court-upholds-revenues-right-to-tax-tiger-globals-flipkart-exit-gains/) - The Supreme Court of India ruled against Tiger Global’s Mauritius-based entities, holding that capital gains from exit from Flipkart shares are taxable. It overturned the Delhi High Court’s 2023 decision, restored the AAR’s approach, and reaffirmed anti-avoidance principles and substance-over-form. The ruling significantly impacts treaty-based structures using Mauritius residency, TRCs, and grandfathering under the India–Mauritius - [Key Highlights of GST Notification and Clarification Circulars in December 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-december-2025/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification seeking to notify supplies under section 15(5) of CGST Act for valuation based on Retail Sale Price (RSP) on 31 December 2025. - [MCA Rationalizes Yearly Director DIN KYC Compliance](https://devsite.nexdigm.com/alerts/mca-rationalizes-yearly-director-din-kyc-compliance/) - The Ministry of Corporate Affairs ("MCA") has notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2025 ("Amendment Rules"). The Amendment Rules shall come into effect from 31st March 2026. The Amendment Rules primarily rationalizes the director's identification number ("DIN") KYC compliance. The comparatives are enumerated in the table below: - [New Auto-Enrolment Pension Scheme in Ireland](https://devsite.nexdigm.com/alerts/new-auto-enrolment-pension-scheme-in-ireland/) - The auto-enrolment pension scheme in Ireland is set to begin on 1 January 2026. This mandatory system automatically enrols eligible employees into a retirement savings plan, creating a triple-benefit structure where employees, employers, and the State all contribute to building the employee's pension pot. - [Singapore and South Africa - Payroll updates for Employers 2025](https://devsite.nexdigm.com/alerts/singapore-and-south-africa-payroll-updates-for-employers-2025/) - Singapore and South Africa have announced key employment law changes: higher WICA compensation limits in Singapore (effective 1 Nov 2025) and a gender-neutral shared parental leave framework in South Africa (effective 3 Oct 2025). Employers must update policies to stay compliant. - [Key Highlights of GST Notification and Clarification Circulars in November 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-november-2025/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification related to Seeks to notify the Central Goods and Services Tax (Fourth Amendment) Rules 2025 on 31 October 2025. - [Federal Decree Law No.16 and 17 of 2025 issued on 1 October 2025 effective 1 January 2026 | Change in VAT Law and Tax Procedure](https://devsite.nexdigm.com/alerts/federal-decree-law-no-16-and-17-of-2025-issued-on-1-october-2025-effective-1-january-2026-change-in-vat-law-and-tax-procedure/) - The Federal Tax Authority (FTA) has introduced amendments effective 1 January 2026 to the following Tax Procedures Law [Federal Decree-Law (FDL) No. 28 of 2022, as amended by FDL No. 17 of 2025]; and VAT Law [Federal Decree-Law No. 8 of 2017, as amended by FDL No. 16 of 2025]. These changes establish statutory timelines - [CBDT Issues Procedural Clarity to Implement MAP Resolution](https://devsite.nexdigm.com/alerts/cbdt-issues-procedural-clarity-to-implement-map-resolution/) - The Central Board of Direct Taxes (CBDT) issued an office memorandum on 27 October 2025 to simplify the process followed after the finalization of a Mutual Agreement Procedure (MAP). Once a MAP resolution is finalized, taxpayers must withdraw appeals or the relevant grounds of appeals, pending before the Commissioner of Income-tax (Appeals) [CIT(A)], confirm their - [Recent Cabinet Decisions issued for changes in administrative penalties and levy of penalties for e-invoicing related non-compliances](https://devsite.nexdigm.com/alerts/recent-cabinet-decisions-issued-for-changes-in-administrative-penalties/) - The Federal Tax Authority (FTA) have recently issued following decisions. Cabinet Decision No. 129 of 2025 [CD No. 129 of 2025], dated 9 October 2025, concerning Administrative Penalties for Violations of Tax Laws in the UAE, which will take effect from 14 April 2026 which have been amended in accordance with Cabinet Decision No. 49 - [UK Payroll Updates for Employers](https://devsite.nexdigm.com/alerts/uk-payroll-updates-for-employers/) - The UK tax authority, HMRC, has released initial high-level guidance for employers on a new student loan plan, for cryptoasset service providers, and NIC related matters. Below are the key updates for the UK employers and payroll professionals to be aware of, as they affect business operations and payroll administration in the upcoming months. - [RBI Announces Interlinking of UPI with Europe's TIPS: Key Update for Cross-Border Payments](https://devsite.nexdigm.com/alerts/rbi-announces-interlinking-of-upi-with-europes-tips-key-update-for-cross-border-payments/) - The Reserve Bank of India (RBI) on 21November, 2025, issued a press release announcing that it has entered the realization phase of an initiative to interlink India's Unified Payments Interface (UPI) with the TARGET Instant Payment Settlement (TIPS) platform operated by the Eurosystem. This step advances efforts to strengthen cross-border payments, offering faster, more efficient, - [UK payroll updates for employers - November 2025](https://devsite.nexdigm.com/alerts/uk-payroll-updates-for-employers-november-2025/) - For employers in the UK, understanding upcoming changes for the 2025-26 tax year is crucial to ensuring compliance and planning for the months ahead. The following focuses on key tax and payroll-related changes that may affect payroll operations with considerations for tax administration, employee benefits, and overall compliance. - [The Maharashtra Government has recently issued the Global Capability Center (GCC) Policy 2025, which will remain in effect for five years i.e., till FY 2029-30](https://devsite.nexdigm.com/alerts/the-maharashtra-government-has-recently-issued-the-global-capability-center-gcc-policy-2025-which-will-remain-in-effect-for-five-years-i-e-till-fy-2029-30/) - The Policy, which has received the Maharashtra Cabinet clearance, primarily focuses on: Establishing Maharashtra as the premier global destination for GCCs by hosting about 400 new GCCs. Creating 4 lakh high-skilled jobs by integrating industry-driven curricula, fostering cutting-edge research, and equipping the workforce with advanced digital and technical skills. Promoting GCC-led research, fostering multinational collaborations, - [Key Highlights of GST Notification and Clarification Circulars in October 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-october-2025/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification related to extend date of filing GSTR-3B on 18 October 2025. - [Revised Thresholds for Perquisite Valuation: A Major Relief for Salaried Employees](https://devsite.nexdigm.com/alerts/revised-thresholds-for-perquisite-valuation-a-major-relief-for-salaried-employees/) - In August 2025, the CBDT issued Notification No. 133/2025, introducing the Income Tax (22nd Amendment) Rules, 2025. The amendment inserted Rule 3C and Rule 3D, substantially enhancing the exemption limits for perquisites (non-monetary benefits) under Section 17 of the Income-tax Act, 1961. The changes take effect from April 1, 2025. - [Enhancing Certainty, Transparency and Uniformity in Permanent Establishment and Profit Attribution for Foreign Investors in India](https://devsite.nexdigm.com/alerts/enhancing-certainty-transparency-and-uniformity-in-permanent-establishment-and-profit-attribution-for-foreign-investors-in-india/) - NITI Aayog's recent working paper titled "Enhancing Certainty, Transparency and Uniformity in Permanent Establishment and Profit Attribution for Foreign Investors in India" highlights the urgent need for India to strengthen tax certainty to attract sustainable foreign investment. While India has recorded a steady rise in FDI inflows, from USD 5856 million in 2005-2006 to over - [Key Highlights of GST Notification and Clarification Circulars in September 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-september-2025/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification related to ‘Central Goods and Services Tax (Third Amendment) Rule, 2025’, which details key amendment made to the GST Rules as notified by the Ministry of Finance on 17 September 2025. - [IASB announcement on adoption of international standards in MENA region](https://devsite.nexdigm.com/alerts/iasb-announcement-on-adoption-of-international-standards-in-mena-region/) - The International Federation of Accountants (IFAC) is the global body for the accountancy profession, uniting more than 180 member organizations to drive integrity, transparency, and consistency worldwide. Its 2025 MENA Insights Snapshot benchmarks adoption of international standards across the region. Between 2019-2024, the MENA region recorded a 36% rise in IFAC membership and notable progress - [Ministerial Decision No. 243 and 244 of 2025 – Electronic Invoicing System Implementation Framework](https://devsite.nexdigm.com/alerts/ministerial-decision-no-243-and-244-of-2025-electronic-invoicing-system-implementation-framework/) - The Ministry has issued following Ministerial Decision (MD's) No. 243 of 2025; and 244 of 2025 establishing the legal and procedural framework for the implementation of the Electronic Invoicing System in the United Arab Emirates. The said decisions outline the scope of application, exclusions from the applicability of e-invoicing, phased mandatory compliance requirements, provisions for - [Amendments in Executive Regulations of Federal Decree Law on Account E-Invoicing](https://devsite.nexdigm.com/alerts/amendments-in-executive-regulations-of-federal-decree-law-on-account-e-invoicing/) - In alignment with the UAE's National Digital Transformation Strategy, the Ministry of Finance has issued amendments to Articles 59 and 60 of the Executive Regulations of Federal Decree-Law No. 8 of 2017 on Value Added Tax, through Cabinet Decision No. 100 of 2025. These revisions shall be effective from 29th September 2025 and introduce significant - [Mandatory e-filing of appeals & staggered timelines for dealing with backlog of appeals](https://devsite.nexdigm.com/alerts/mandatory-e-filing-of-appeals-staggered-timelines-for-dealing-with-backlog-of-appeals/) - The President, Goods & Services Tax Appellate Tribunal (GSTAT), Principal Bench, vide order dated 24 September 2025, has mandated that all appeals / applications arising out of orders of Appellate Authorities (under Section 107) or Revisional Authority (under Section 108) must now be filed and processed electronically on the GSTAT portal developed by NIC (https://www.efiling.gstat.gov.in). - [MCA widens the scope of mergers that can be handled by the Central Government](https://devsite.nexdigm.com/alerts/mca-widens-the-scope-of-mergers-that-can-be-handled-by-the-central-government/) - The Ministry of Corporate Affairs (MCA), vide its notification dated 4 September 2025, has issued the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025 (Amendment Rules). The Amendment Rules shall come into force on the date of their publication in the Official Gazette. - [MCA extends the conducting of general meetings through audio-visual means](https://devsite.nexdigm.com/alerts/mca-extends-the-conducting-of-general-meetings-through-audio-visual-means/) - Ministry of Corporate Affairs ("MCA") has issued a general circular 03 of 2025, dated 22.09.2025 concerning holding of annual general meeting (“AGM”) and extraordinary general meeting ("EGM"). - [Government relaxes revised MRP affixation condition; waives advertisement requirement](https://devsite.nexdigm.com/alerts/government-relaxes-revised-mrp-affixation-condition-waives-advertisement-requirement/) - Pursuant to representations from industry and trade associations, the Central Government has relaxed the compliances under the Legal Metrology(Packaged Commodities) Rules, 2011 relating to revision of MRPs on unsold stock due to GST rate changes. Superseding the earlier advisory dated 9 September 2025, the following compliances would now apply to manufacturers/packers/importers and their representatives: Re-stickering - [Govt to monitor MRP revision of 54 commodities for 6 months, pursuant to GST rejig](https://devsite.nexdigm.com/alerts/govt-to-monitor-mrp-revision-of-54-commodities-for-6-months-pursuant-to-gst-rejig/) - The Department of Revenue (TRU), vide Circular dated 9 September 2025, has directed all Central GST field offices to track commodity prices for the next six months, following the recent GST rate changes. Accordingly, field formations have been instructed to report commodity-wise MRP data, before and after 22 September 2025, on a monthly basis. The - [Ministry of Consumer Affairs permits additional revised MRP on unsold stock upto 31 December 2025](https://devsite.nexdigm.com/alerts/gst-2-0-guidelines-issued-on-revised-mrp-for-unsold-stock-valid-until-dec-31-2025/) - The Ministry of Consumer Affairs, Food and Public Distribution has permitted manufacturers, packers, or importers of pre-packaged commodities to declare the revised Retail Sale Price (MRP) on unsold stock pursuant to changes in GST rates, up to 31 December 2025 or until such stock is exhausted, whichever is earlier. - [ITAT Mumbai Clarifies: MLI Provisions Require Separate Notification to Be Enforceable](https://devsite.nexdigm.com/alerts/itat-mumbai-clarifies-mli-provisions-require-separate-notification-to-be-enforceable/) - In a significant and far-reaching ruling, the Mumbai ITAT, in the case of Sky High Appeal XLIII Leasing Company Limited [TS-1085-ITAT-2025(Mum)], discussed in detail the applicability of the Multilateral Instrument (MLI) to the existing treaty network, the Principal Purpose Test (PPT) under the MLI, and the taxability of leasing revenue in the hands of the - [Key Highlights of GST Notification and Clarification Circulars in August 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-august-2025/) - The GSTN team has released Gross and Net GST revenue collections for the month of July 2025. Detailed report may be viewed here. - [UAE Corporate Tax - Ministerial Decision No. 229 and 230 of 2025: Practical Implications for Free Zone Businesses](https://devsite.nexdigm.com/alerts/uae-corporate-tax-ministerial-decision-no-229-and-230-of-2025-practical-implications-for-free-zone-businesses/) - The Ministry of Finance has issued Ministerial Decision No. 229 of 2025, replacing Ministerial Decision 265 of 2023 on Qualifying and Excluded Activities for the purposes of claiming the benefits of Qualifying Free Zone Person (QFZP) regime. This decision is applicable retrospectively from the 1 June 2023 onwards. - [GST 2.0: Council’s Mega Overhaul Slashes Daily Costs, Boosts Refunds, and Targets Sin Goods](https://devsite.nexdigm.com/alerts/gst-2-0-councils-mega-overhaul-slashes-daily-costs-boosts-refunds-and-targets-sin-goods/) - Major tax relief for households and MSMEs, faster refunds for exporters, and stricter rules for tobacco and luxury items mark a decisive shift in India’s indirect tax regime - [ADGM Penalizes Company and its Directors for Repeated Non-Compliance](https://devsite.nexdigm.com/alerts/adgm-penalizes-company-and-its-directors-for-repeated-non-compliance/) - The Abu Dhabi Global Market (ADGM) Registration Authority has issued Final Notices imposing financial penalties on certain registered companies with them and their directors for failing to comply with statutory obligations under the Companies Regulations 2020. This enforcement action reflects ADGM’s commitment to promoting corporate transparency and regulatory compliance. - [Egypt’s new Labor Law No.14 of 2025 – Updates for employers and employees](https://devsite.nexdigm.com/alerts/egypts-new-labor-law-no-14-of-2025-updates-for-employers-and-employees/) - The Labor Law No.14 of 2025, also known as Egypt’s new labor law is a major milestone aiming to protect workers, modernize employment relations, and align national labor standards with international conventions. Officially enacted in May 2025 and effective from 1 September 2025, the new labor law delivers long-awaited protection for workers while also considering - [Thailand – Contributions to the Employer Welfare Fund commencing on 1 October 2025](https://devsite.nexdigm.com/alerts/thailand-contributions-to-the-employer-welfare-fund-commencing-on-1-october-2025/) - The introduction of the Employee Welfare Fund (EWF) is a significant step forward for employee rights and financial security in Thailand. Employees will benefit from a formalized support system which addresses critical needs during periods of financial crisis. On the other hand, it has imposed new operational and financial responsibilities for employers to ensure compliance, - [Key Highlights of GST Notifications and Clarification Circulars July 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-july-2025/) - The GSTN team has released Gross and Net GST revenue collections for the month of June 2025. Detailed report may be viewed here. - [India-UK Double Contributions Convention (DCC) for Social Security](https://devsite.nexdigm.com/alerts/india-uk-double-contributions-convention-dcc-for-social-security/) - After the successful conclusion of negotiations on a trade deal announced on 6 May 2025, United Kingdom (the UK) and India have signed a Comprehensive Economic and Trade Agreement (CETA) on 24 July 2025. This is a landmark trade agreement, advancing a new era of economic partnership and opportunity. Alongside this, India and the UK - [Supreme court rules that Foreign Firm’s Strategic Control via Indian Entity Creates Taxable PE in case of Hyatt International Southwest Asia Ltd](https://devsite.nexdigm.com/alerts/supreme-court-rules-that-foreign-firms-strategic-control-via-indian-entity-creates-taxable-pe-in-case-of-hyatt-international-southwest-asia-ltd/) - In a landmark ruling in the case of Hyatt International Southwest Asia Ltd. (Hyatt)1, the Supreme Court has held that a foreign company can be considered to have a Permanent Establishment (PE) in India under the India-UAE Double Taxation Avoidance Agreement (DTAA), even if it does not have a physical office or fixed base in - [Redrawing the AE Line: Simplification That Complicates](https://devsite.nexdigm.com/alerts/redrawing-the-ae-line-simplification-that-complicates/) - The proposed changes to the definition of Associated Enterprises (AEs) under the new Income Tax Bill, 2025, carry significant implications. Before delving into the impact, it is important to revisit the current legal framework under Section 92A(1) and 92A(2) of the Income-tax Act, 1961. - [Key Highlights of GST Notifications and Clarification Circulars June 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-june-2025/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular related to Generation and quoting of Document Identification Number (DIN) on any communication issued by the officers of the Central Board of Indirect Taxes and Customs (CBIC) to taxpayers and other concerned persons. - [Navigating International Tax Disputes: UAE's Mutual Agreement Procedure (MAP) Guidance](https://devsite.nexdigm.com/alerts/navigating-international-tax-disputes-uaes-mutual-agreement-procedure-map-guidance/) - The United Arab Emirates' (UAE) transition from a historically tax-neutral jurisdiction to an active taxing regime marks a significant shift in its international tax profile. With the introduction of corporate tax (including transfer pricing provisions) in alignment with the Organization for Economic Cooperation and Development (OECD) standards, the UAE is no longer merely a financial - [FTA Issues New Decision clarifying compliance requirements for Unincorporated Partnerships, Foreign Partnerships & Family Foundations](https://devsite.nexdigm.com/alerts/fta-issues-new-decision-clarifying-compliance-requirements-for-unincorporated-partnerships-foreign-partnerships-family-foundations/) - On 19 May 2025, the UAE Federal Tax Authority (FTA) issued Decision No. 5 of 2025, outlining new compliance requirements for: Unincorporated Partnerships Foreign Partnerships Family Foundations - [Key Highlights of GST Notifications and Clarification Circulars May 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-may-2025/) - The Central Board of Indirect Taxes and Customs (CBIC), has issued instructions related to Grievance Redressal Mechanism for processing of application for GST registration -reg. With reference to instruction No. 03/2025 dated 17 April 2025 issued by CBIC, an applicant who has grievances and whose GST registration (ARN) falls under the central jurisdiction, such as - [VAT Public Clarification (Concerned Services)](https://devsite.nexdigm.com/alerts/vat-public-clarification-concerned-services/) - FTA issues Public Clarification on Concerned Services - Accounting for Output Tax, issuing Tax invoices, and Input Tax recovery. - [Key Highlights of GST Notifications and Clarification Circulars April 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-april-2025/) - CBIC has issued Instruction No. 03/2025-GST superseding Instruction No. 03/2023-GST to streamline the processing of applications for GST registration filed in FORM GST REG-01. The move comes in light of multiple complaints regarding delays and arbitrary document demands by field formations, often resulting in the rejection of genuine applications. The instruction outlines uniform guidelines and - [VAT Public Clarification (Barter & Precious Metals)](https://devsite.nexdigm.com/alerts/vat-public-clarification-barter-precious-metals/) - FTA issues Public Clarification on Valuation for Supply-Barter Transactions and Application of the Reverse Charge Mechanism on Precious Metals and Precious Stones between Registrants in the State for the purposes of Value Added Tax. - [TCS on Sale of High-Value Luxury Goods](https://devsite.nexdigm.com/alerts/tcs-on-sale-of-high-value-luxury-goods/) - The provision of Tax Collected at Source (as opposed to Tax Deducted at Source) was initially introduced in the Income Tax Act, requiring the sellers of motor vehicles to collect tax at source (TCS) at the rate of 1% on the sale of motor vehicles where the value of such motor vehicle exceeds INR 10 - [Key Highlights of GST Notifications and Clarification Circulars March 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-march-2025/) - CBIC has amended Notification 02/2017–Central Tax dated 19 June 2017 to update the territorial jurisdiction of Principal Commissioner/Commissioner of Central Tax of Alwar, Chennai Outer, Jaipur, Jodhpur, Madurai, Tiruchirapalli and Udaipur. - [SEBI strengthens Corporate Governance framework for SME Listed and High-Value Debt Companies](https://devsite.nexdigm.com/alerts/sebi-strengthens-corporate-governance-framework-for-sme-listed-and-high-value-debt-companies/) - The Securities and Exchange Board of India (SEBI), via its notification dated 27 March 2025, introduced significant amendments to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations). These changes aim to reinforce corporate governance, enhance transparency, and impose stricter compliance requirements on entities listed on SME Exchanges - [SEBI amends Listing Regulations](https://devsite.nexdigm.com/alerts/sebi-amends-listing-regulations-2/) - The Securities and Exchange Board of India (SEBI) has, vide its notification dated 12 December 2024, amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). These amendments will become effective from 31 December 2024 (Effective Date), unless specified otherwise. - [CBDT signs record 174 APAs and first ever Multilateral APA in FY 24-25](https://devsite.nexdigm.com/alerts/cbdt-signs-record-174-apas-and-first-ever-multilateral-apa-in-fy-24-25/) - Even before reaching the milestone of the 13th anniversary of the Advance Pricing Agreement (APA) regime in India, CBDT achieved another milestone of signing 174 APAs in a given financial year (FY 24-25), with 34 APAs signed on a single day. This year also marked the year India entered into the first-ever Multilateral APA. - [CBDT expands Safe Harbour Rules thresholds to INR 300 crores and other clarifications](https://devsite.nexdigm.com/alerts/cbdt-expands-safe-harbour-rules-thresholds-to-inr-300-crores-and-other-clarifications/) - The Central Board of Direct Taxes (CBDT) vide Notification1 dated 25 March 2025, has sought to amend the Safe Harbour rules, specifically Rule 10TA and 10TD of the Income-tax Rules, 1962 (the Rules). These rules may be called the Income-tax (6th Amendment) Rules, 2025, and shall be deemed to have come into force from the - [Public Clarification issued for amendment in Executive Regulations of Federal Decree Law](https://devsite.nexdigm.com/alerts/public-clarification-issued-for-amendment-in-executive-regulations-of-federal-decree-law/) - The Federal Tax Authority has recently issued a Public Clarification on the Amendments to the Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax – Cabinet Decision No. 100 of 2024. The same is dealing with the ambiguities that have arisen on account of said amendment. We have summarized the same - [GST Key Year End Activities: FY 2025-26](https://devsite.nexdigm.com/alerts/gst-key-year-end-activities-fy-2025-26/) - With the new financial year around the corner, it would be pertinent to ensure adherence with certain statutory compliances under the GST legislation. Here’s all you need to know to stay compliant. - [Key Highlights of GST Notifications and Clarification Circulars February 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-february-2025/) - CBIC has notified that the provisions of the Central Goods and Services Tax (Amendment) Rules, 2024 issued vide Notification 12/2024–Central Tax dated 10 July 2024. - [MCA Extends Timeline to Dematerialize Shares](https://devsite.nexdigm.com/alerts/mca-extends-timeline-to-dematerialize-shares/) - The Ministry of Corporate Affairs ("MCA"), vide its Circular dated 12 February 2025, has issued the Companies (Prospectus and Allotment of Securities) Rules, 2025 ("Amendment Rules"). The Amendment Rules shall come into force on the date of publication in the official gazette. - [Key Highlights of GST Notifications and Clarification Circulars January 2025](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-january-2025/) - CBIC has notified that the due date for filing GSTR-1 was extended from December 2024 to 13 January 2025 and for the quarter of October 2024 to December 2024, till 15 January 2025. Further, the due date for filing GSTR-3B was extended to December 2024 till 22 January 2025. The due date for filing GSTR-3B - [Major Clarifications provided by Federal Tax Authority](https://devsite.nexdigm.com/alerts/major-clarifications-provided-by-federal-tax-authority/) - The Federal Tax Authority (FTA) and Ministry of Finance (MOF) have, in recent times, released various Public Clarification, Decisions, and User Guide for issues faced by businesses and to increase compliance in UAE. - [NCLAT allows capital reduction u/s 66 to be repaid as loan; upholds shareholder discretion](https://devsite.nexdigm.com/alerts/nclat-allows-capital-reduction-u-s-66-to-be-repaid-as-loan-upholds-shareholder-discretion/) - The National Company Law Appellate Tribunal (NCLAT), in a recent ruling, overturned the National Company Law Tribunal's (NCLT) decision and approved a capital reduction proposal by Ulundurpet Expressways Pvt. Ltd. (UEPL) under Section 66 of the Companies Act, 2013 (the Act). This ruling allowed UEPL to structure the repayment proceeds as interest-bearing unsecured loans between - [Key amendments to ministerial decision on Participation Exemption and Foreign Permanent Establishment](https://devsite.nexdigm.com/alerts/key-amendments-to-ministerial-decision-on-participation-exemption-and-foreign-permanent-establishment/) - The Ministry of Finance has announced amendments to existing ministerial decision no.116 of 2023 on the participation exemption and foreign permanent establishment exemption for the purpose of Federal Decree-Law No. 47 of 2022 (UAE CT law) by issuance of an updated ministerial decision no. 302 of 2024 (new decision). - [Key Highlights of GST Notifications and Clarification Circulars December 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-december-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification for extending the due date for furnishing the return in FORM GSTR-3B for the month of October 2024 till the twenty-first day of November 2024 for the registered persons whose principal place of business is in the state of Maharashtra and Jharkhand. - [Highlights of CBDT's 6th Annual Report on APA Program](https://devsite.nexdigm.com/alerts/highlights-of-cbdts-6th-annual-report-on-apa-program/) - The Advance Pricing Agreement (APA) program has proven to be an effective tool for dispute resolution since its inception in 2012 in India. The Sixth Annual Report, covering FY 2023-24, clearly highlights the progress made by the Central Board of Direct Taxes (CBDT) in entering into APAs. The previous annual report, issued in September 2023, - [Key Amendments to Ministerial Decision on Tax Groups](https://devsite.nexdigm.com/alerts/key-amendments-to-ministerial-decision-on-tax-groups/) - The Ministry of Finance has announced amendments to the existing Ministerial Decision No.125 of 2023 on tax groups for the purpose of Federal Decree-Law No. 47 of 2022 ('UAE CT law') through the issuance of an updated Ministerial Decision No. 301 of 2024 ('new decision'). - [Switzerland suspends application of Most Favoured Nation (MFN) Clause for India-Switzerland Tax Treaty](https://devsite.nexdigm.com/alerts/switzerland-suspends-application-of-most-favoured-nation-mfn-clause-for-india-switzerland-tax-treaty/) - Switzerland and India entered into a Double Taxation Avoidance Agreement (DTAA) on 2 November 1994, with subsequent amendments through protocols on 16 February 2000, and 30 August 2010. Notably, the amending protocol of 30 August 2010 introduced a Most Favoured Nation (MFN) Clause, which ensures that any reduction in tax rates on dividends, interest, royalties, - [New Decision on Unincorporated Partnership, Foreign Partnership, and Family Foundation issued overhauling the old decision](https://devsite.nexdigm.com/alerts/new-decision-on-unincorporated-partnership-foreign-partnership-and-family-foundation-issued-overhauling-the-old-decision/) - Article 16 of the Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses (UAE Corporate Tax Law) prescribes that an unincorporated partnership would by default be treated as a pass-through entity. Partners would be considered as conducting business of unincorporated partnership and would be liable to tax accordingly. The law also - [Key Highlights of GST Notifications and Clarification Circulars November 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-november-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification for extending the due date for furnishing the return in FORM GSTR-3B for the month of October 2024 till the twenty-first day of November 2024 for the registered persons whose principal place of business is in the state of Maharashtra and Jharkhand. - [Extension of Applicability of Safe Harbour Rules to AY 2024-25 and extension of timeline for filing Return of Income, Master File, and Safe Harbour](https://devsite.nexdigm.com/alerts/extension-of-applicability-of-safe-harbour-rules-to-ay-2024-25-and-extension-of-timeline-for-filing-return-of-income-master-file-and-safe-harbour/) - The Central Board of Direct Taxes (CBDT) vide Notification dated 29 November 2024 has extended the applicability of the Safe Harbour Rules under Rule 10TD of the Income-tax Rules, 1962 (the Rules) to Assessment Year (AY) 2024-25. These rules may be called the Income-tax (Tenth Amendment) Rules, 2024 and shall be deemed to have come - [UAE Transfer Pricing Disclosure Form](https://devsite.nexdigm.com/alerts/uae-transfer-pricing-disclosure-form/) - Article 55 of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses states that Taxable Persons are required to file together with their Tax Return, a disclosure containing information regarding the Taxable Person's transactions with its Related Parties and Connected Persons in the form prescribed by the Authority. - [RBI provides operation framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment](https://devsite.nexdigm.com/alerts/rbi-provides-operation-framework-for-reclassification-of-foreign-portfolio-investment-to-foreign-direct-investment/) - The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (Rules) stipulate that the aggregate investment by a foreign portfolio investor, along with its investor group (collectively referred to as FPI), must remain below 10% of the total paid-up equity capital of an Indian company on a fully diluted basis ("prescribed limit"). In the event of a - [Public Clarification on updating information in tax records with FTA](https://devsite.nexdigm.com/alerts/public-clarification-on-updating-information-in-tax-records-with-fta/) - The Federal Tax Authority (FTA) has released a Public Clarification No. TAXP007 on Tax Procedures, which provides grace period for registrants to amend information related to their tax records available with the FTA without the imposition of administrative penalty. - [Key Highlights of GST Notifications and Clarification Circulars October 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-october-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification to amend specific Central Goods and Services Tax Rules, 2017 (CGST Rules). - [NCLT dismisses selective capital reduction](https://devsite.nexdigm.com/alerts/nclt-dismisses-selective-capital-reduction/) - In a recent decision, the National Company Law Tribunal (NCLT), Kolkata Bench, against the established precedents, dismissed the selective capital reduction proposed by Philips India Limited (Philips). A capital reduction was proposed by Philips in terms of Section 66 of the Companies Act, 2013 (the Act) to squeeze out the minority shareholders. - [Summary of significant changes in Executive Regulations of Federal Decree-Law](https://devsite.nexdigm.com/alerts/summary-of-significant-changes-in-executive-regulations-of-federal-decree-law/) - Cabinet Decision No. 100 of 2024 on the Executive Regulation of Federal Decree-Law No. (8) of 2017 recently issued, which revoked Cabinet Decision No. 52 of 2017 on the Executive Regulation of Federal Law No. (8) of 2017 and its amendments (Old Executive Regulation) have brought about major changes to Executive Regulations in the last - [Key Highlights of GST Notifications and Clarification Circulars August 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-august-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has notified that the provisions of Section 13 of the Finance Act, 2024 (8 of 2024) shall come into force from 1 October 2024, whereas those of Section 11 and Section 12 of said Act shall be effective from 1 April 2025. - [Key Highlights of GST Notifications and Clarification Circulars September 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-september-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has notified that the provisions of Sections 118, 142, 148 and 150 of the Finance (No. 2) Act, 2024 (15 of 2024) shall come into force from 27 September 2024, whereas those of Sections 114 to 117, 119 to 141, 143 to 147, 149 and 151 - [Central Government amends the Compounding Proceeding Rules](https://devsite.nexdigm.com/alerts/central-government-amends-the-compounding-proceeding-rules/) - The Central Government vide its notification, has amended the Compounding Proceeding Rules, which shall be referred to as Foreign Exchange (Compounding Proceedings) Rules, 2024. These rules shall be in supersession with erstwhile rules i.e. the Foreign Exchange (Compounding Proceedings) Rules, 2000. - [MCA notifies changes concerning mergers and acquisitions](https://devsite.nexdigm.com/alerts/mca-notifies-changes-concerning-mergers-and-acquisitions/) - The Ministry of Corporate Affairs (MCA) recently introduced changes concerning mergers and acquisitions transactions. - [Gist of Circulars issued by CBIC on 10 September 2024](https://devsite.nexdigm.com/alerts/gist-of-circulars-issued-by-cbic-on-10-september-2024/) - In line with the announcements made in the 54th GST Council Meeting held on 9 September 2024, the Central Board of Indirect Taxes and Customs (CBIC) has issued a few circulars to provide clarity on the issues discussed therein. - [Highlights of the 54th GST Council Meeting](https://devsite.nexdigm.com/alerts/highlights-of-the-54th-gst-council-meeting/) - The GST Council meeting focused on streamlining GST rates, simplifying compliance for small businesses, expediting refund claims, and enhancing anti-evasion measures. Additionally, the Council has also approved upgrades to GST IT systems to boost efficiency and address technical issues. The meeting aimed to improve the overall effectiveness and fairness of the GST framework. - [Delhi HC reinstates tax exemption for Tiger Global’s Flipkart Sale, reversing AAR’s tax avoidance claim](https://devsite.nexdigm.com/alerts/delhi-hc-reinstates-tax-exemption-for-tiger-globals-flipkart-sale-reversing-aars-tax-avoidance-claim/) - Recently, the Delhi High Court (HC) delivered a noteworthy judgment quashing the ruling of the Authority for Advance Rulings (AAR) that denied Tiger Global International III Holdings a capital gains tax exemption on its 2018 sale of Flipkart Singapore shares to Walmart. The AAR had held that the transaction was structured to avoid taxes under - [ADGM announces fee revision for commercial licenses starting 2025](https://devsite.nexdigm.com/alerts/adgm-announces-fee-revision-for-commercial-licenses-starting-2025/) - The Abu Dhabi Global Market (ADGM) is launching a new initiative to further support the smooth transition of businesses from Al Reem Island to ADGM following its recent expansion to the island last year. ADGM, the UAE capital’s international financial center, has unveiled major updates to its licensing fee structure to support businesses. Effective 1 - [Ministry of Finance amended Foreign Exchange Rules](https://devsite.nexdigm.com/alerts/ministry-of-finance-amended-foreign-exchange-rules/) - The Central Government announced key amendments to Foreign Exchange Management (Non-debt Instruments) Rules, 2019, which will come into effect from 16 August 2024 . The principal objective of the Amendment Rules is to simplify cross-border equity share swaps and provide for the issue/transfer of equity instruments of Indian companies in exchange for the equity instruments - [Key transfer pricing considerations on FTA's guidance for determining taxable income](https://devsite.nexdigm.com/alerts/key-transfer-pricing-considerations-on-ftas-guidance-for-determining-taxable-income/) - he Federal Tax Authority (FTA) has issued a comprehensive guide on "Determination of Taxable Income," which provides an overview of the adjustments required to be made to the accounting income for determining taxable income and the Corporate Tax (CT) payable. - [OECD’s Releases Report on Pillar One Amount B](https://devsite.nexdigm.com/alerts/oecds-releases-report-on-pillar-one-amount-b/) - The Organization for EconomicCo-operation and Development (OECD) Inclusive Framework released the report on Pillar One's Amount B1, marking a significant milestone in international tax reform efforts. This comprehensive document captures the collective feedback garnered from a broad spectrum of stakeholders during extensive consultations. The aim is to simplify tax compliance for businesses and enable tax - [MCA introduces e-adjudication platform](https://devsite.nexdigm.com/alerts/mca-introduces-e-adjudication-platform/) - The Ministry of Corporate Affairs (MCA), via Notification No. G.S.R. 476(E) announced the Companies (Adjudication of Penalties) Amendment Rules, 2024. These new rules are set to come into force on 16 September 2024 and represent a significant shift towards digitalization in the adjudication process. - [MCA centralizes strike-off process for LLPs under C-PACE](https://devsite.nexdigm.com/alerts/mca-centralizes-strike-off-process-for-llps-under-c-pace/) - The Ministry of Corporate Affairs (MCA), via Notification No. G.S.R. 475(E) has introduced the Limited Liability Partnership (Amendment) Rules, 2024. This amendment shall take effect from 27 August 2024. - [Key Highlights of GST Notification and Clarification Circulars in July 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-july-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification to notify Central Goods and Services Tax (Amendment) Rules, 2024, as per the recommendations of the GST Council. The changes include the insertion of new Form GSTR-1A, amendment to Rule 88B to provide no-interest liability on the amount deposited up to the - [RBI proposes amendments in Import Export Regulations](https://devsite.nexdigm.com/alerts/rbi-proposes-amendments-in-import-export-regulations/) - The Reserve Bank of India (RBI) has recently proposed a few amendments to the Import Export Regulations and Direction and accordingly has sought feedback/comments on these regulations and directions so proposed on or before 1 September 2024. The proposed regulation will be known as “Foreign Exchange Management (Export and Import of Goods and Services) Regulations, - [MCA notifies IEPF Amendment Rules, 2024](https://devsite.nexdigm.com/alerts/mca-notifies-iepf-amendment-rules-2024/) - The Ministry of Corporate Affairs (MCA), via Notification No. G.S.R. 414(E) has notified the Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024. - [MCA allows multiple KYC updates throughout the year for Directors by paying fees](https://devsite.nexdigm.com/alerts/mca-allows-multiple-kyc-updates-throughout-the-year-for-directors-by-paying-fees/) - The Ministry of The Ministry of Corporate Affairs (MCA) vide its notification has inserted a proviso in Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014, by inserting Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024 with effect from 1 August 2024. - [SEBI Eases Compliance Requirements for Alternative Investment Funds (AIFs)](https://devsite.nexdigm.com/alerts/sebi-eases-compliance-requirements-for-alternative-investment-funds-aifs/) - In a bid to increase trust in the Alternative Investment Fund (AIF) ecosystem while providing flexibility, the Securities and Exchange Board of India (SEBI) approved certain amendments to the SEBI AIF Regulations, 2012, at its meeting held on 15 March 2024. - [Important Update from MCA on V2 to V3 migration](https://devsite.nexdigm.com/alerts/important-update-from-mca-on-v2-to-v3-migration/) - In continuation to the Ministry of Corporate Affairs (MCA) endeavors of implementing the launch of a new set of forms on the MCA V3 portal, MCA is set to launch a third set of Company Forms covering nine e-forms on 15 July 2024 at 12:00 AM. - [MCA enforces enhanced disclosures on dues pending to MSMEs](https://devsite.nexdigm.com/alerts/mca-enforces-enhanced-disclosures-on-dues-pending-to-msmes/) - The Ministry of Corporate Affairs (MCA), vide notification dated 15 July 2024, has amended the Specified Companies (Furnishing of information about payment to Micro and Small Enterprise suppliers) Order, 2019 (the Order) by adding a proviso. The proviso clarifies that only "Specified Companies" that have outstanding payments to any Micro or Small Enterprise supplier for - [India Strengthens Transparency on Company Ownership: MCA Updates SBO Disclosure Requirements](https://devsite.nexdigm.com/alerts/india-strengthens-transparency-on-company-ownership-mca-updates-sbo-disclosure-requirements/) - The Ministry of Corporate Affairs (MCA) issued a new notification, amending the Companies (Significant Beneficial Owners) Rules, 2018 and amending the Companies (Management and Administration) Rules, 2014. This significant update introduces changes, particularly in the filing requirements for Form No. MGT-6. This significant update and introduces crucial changes, particularly in the filing requirements for Form - [Gist of Circulars issued by CBIC on 11 July 2024](https://devsite.nexdigm.com/alerts/gist-of-circulars-issued-by-cbic-on-11-july-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has released few more circulars on 11 July 2024. These circulars are in line with the decisions taken during the 53rd GST Council meeting held on 22 June 2024. The primary objective behind these circulars is to provide clarity on recommendations put forth during the council - [Key Highlights of GST Notification and Clarification Circulars in June 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-june-2024/) - The GSTN (Goods and Services Tax Network) Team issued an update on the GST Portal on 16 May 2024, stating that the facility of Form GST SRM-I, pertaining to details of registration and disposal of machines, has been made available for filing of information by Pan Masala and Tobacco taxpayers and Form GST SRM-II, pertaining - [Gist of Circulars issued by CBIC on 26 June 2024](https://devsite.nexdigm.com/alerts/gist-of-circulars-issued-by-cbic-on-26-june-2024/) - The GST regime, implemented in 2017, marked a pivotal shift in India's indirect tax structure, aiming to simplify tax compliance and unify markets across states. However, over time, the complexities inherent in such a vast taxation system have necessitated periodic revisions and clarifications to address ambiguities and operational challenges faced by businesses and tax authorities. - [Highlights of the 53rd GST Council Meeting](https://devsite.nexdigm.com/alerts/highlights-of-the-53rd-gst-council-meeting/) - The GST Council met after a gap of almost eight months, this being the first one after the new government came into power. Several significant changes and clarifications have been recommended, aiming to strengthen the GST systems and processes, reduce litigation, and provide relief to taxpayers on multiple issues. - [FTA issues Public Clarification on Director, Manpower and Visa Facilitation Services](https://devsite.nexdigm.com/alerts/fta-issues-public-clarification-on-director-manpower-and-visa-facilitation-services/) - The Federal Tax Authority (FTA) recently issued two Public Clarifications under UAE VAT law that discuss the VAT treatment. - [Key Highlights of GST Notification and Clarification Circulars in May 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-may-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) amended Notification no. 02/2017-Central Tax dated 19 June 2017 by substituting the territorial jurisdiction of Principal Commissioner/Commissioner of Central Tax of Alwar, Jaipur, Jodhpur and Udaipur in the state of Rajasthan in the exercise of power conferred under the Central Goods and Services Tax (CGST) Act, - [Synopsis of the new Corporate Tax Guide for Free Zone Person](https://devsite.nexdigm.com/alerts/synopsis-of-the-new-corporate-tax-guide-for-free-zone-person/) - On 9 December 2022, the UAE Ministry of Finance (MoF) released the UAE Corporate Tax (CT) law, which is applicable from the financial year commencing on or after 1 June 2023. Under the CT law, a Free Zone Person is considered a taxable person. However, a Qualifying Free Zone Person (QFZP) is eligible for a - [FTA announces mandatory UAE Pass-based login on the EmaraTax portal from September 2024](https://devsite.nexdigm.com/alerts/fta-announces-mandatory-uae-pass-based-login-on-the-emaratax-portal-from-september-2024/) - Following recent updates to the EmaraTax portal, the Federal Tax Authority (FTA) has introduced the option to sign up/login to the EmaraTax account via UAE Pass, the national digital identity for all citizens, residents, and visitors in the United Arab Emirates. - [Key Highlights of GST Notification and Clarification Circulars in April 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-april-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has exempted four taxable persons with specified GSTINs from payment of interest on late filing of GSTR-3B for specified months, subject to there being sufficient balance in their electronic cash ledger or electronic credit ledger, or them depositing the required amount through challan. The same is - [Central Government revises minimum thresholds for exemption from combination regulations](https://devsite.nexdigm.com/alerts/central-government-revises-minimum-thresholds-for-exemption-from-combination-regulations/) - The Ministry of Corporate Affairs (MCA) w.e.f. 7 March 2024 has notified revised thresholds to claim exemption from combination regulations under the Competition Act, 2002 (the Act). - [Government notifies policy to promote e-vehicle manufacturing; Slashes customs duty on initial imports](https://devsite.nexdigm.com/alerts/government-notifies-policy-to-promote-e-vehicle-manufacturing-slashes-customs-duty-on-initial-imports/) - The Ministry of Heavy Industries (MHI), notified the “Scheme to Promote Manufacturing of Electric Passenger Cars in India” with the aim to attract investments from global EV manufacturers and promote India as a global manufacturing destination for e-vehicles. This Scheme will be valid for a period of five years or as notified by the Indian - [SEBI Eases Compliance Requirements for Listed Companies](https://devsite.nexdigm.com/alerts/sebi-eases-compliance-requirements-for-listed-companies/) - In order to facilitate ease of doing business for listed entities, the Securities and Exchange Board of India (SEBI), at its meeting held on 15 March 2024, has approved certain amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. - [CBIC's guidance on 'investigations' to CGST field formations for maintaining ease of doing business](https://devsite.nexdigm.com/alerts/cbics-guidance-on-investigations-to-cgst-field-formations-for-maintaining-ease-of-doing-business/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines [Instruction No. 01/2023-24-GST (Inv.)] for CGST field formations to follow uniform procedures while conducting investigations involving regular taxpayers. The guidelines aim to strike a balance between enforcement activities and maintaining the ease of doing business. - [Key Highlights of GST Notifications and Clarification Circulars March 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-march-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) has issued Guidelines for CGST field formations in maintaining ease of doing business while engaging in investigation with regular taxpayers. The Instruction incorporates aspects related to tax investigation, summons and searches to rectify the simplicity of business procedure. - [Key Highlights of GST Notifications and Clarification Circulars February 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-february-2024/) - The Central Board of Indirect Taxes and Customs (CBIC) had notified the “Public Tech Platform for Frictionless Credit” as the system with which information may be shared by the common portal in accordance with Section 158A of CGST Act, which allows the common portal to share various taxpayer information such as registration details, outward and - [Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023](https://devsite.nexdigm.com/alerts/limited-liability-partnership-significant-beneficial-owners-rules-2023/) - The Ministry of Corporate Affairs vide its Circular No. 01/2024 F.No.17/30/2018 dated 7 February 2024 addresses the relaxation of additional fees and extends the last date of filing of Form LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008 read with the Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023. - [Reconciliation between disclosed income and third-party information through 'on-screen functionality'](https://devsite.nexdigm.com/alerts/reconciliation-between-disclosed-income-and-third-party-information-through-on-screen-functionality/) - The Central Board of Direct Taxes (CBDT), via its press release under the e-Verification Scheme-2021, implemented an "on-screen functionality" to reconcile the discrepancies identified between the information received from third parties and the information filed by the taxpayers in the return of income. The on-screen functionality is available on the compliance portal on the e-filling - [UAE provides timelines for making an application for Corporate Tax Registration](https://devsite.nexdigm.com/alerts/uae-provides-timelines-for-making-an-application-for-corporate-tax-registration/) - The UAE Corporate Tax (CT) law has been made applicable with effect from the financial year beginning on or after 1 June 2023. One of the important requirements of UAE CT Law was obtaining a CT Registration number. Based on an earlier FAQ issued by the Ministry of Finance, it was provided that companies can - [Enhanced disclosure requirements during voluntary liquidation](https://devsite.nexdigm.com/alerts/enhanced-disclosure-requirements-during-voluntary-liquidation/) - The Insolvency and Bankruptcy Board of India (IBBI) notified IBBI (Voluntary Liqudiation Process) (Amendment) Regulation, 2024 (Amendment Regulations) on 31 January 2024. The Amendment Regulations enhance disclosure requirements with respect to voluntary liquidation regulations aimed to streamline the process further. - [CBDT amends Safe Harbour Rule 10TA and Rule 10TD effective 1 April 2024](https://devsite.nexdigm.com/alerts/cbdt-amends-safe-harbour-rule-10ta-and-rule-10td-effective-1-april-2024/) - The Central Board of Direct Taxes (CBDT) vide Notification dated 19 December 2023 has sought to amend the Safe Harbour rules, specifically Rule 10TA and 10TD of the Income-tax Rules, 1962 (the Rules). These rules may be called the Income-tax (29th Amendment) Rules, 2023, and shall be deemed to have come into force from 1 - [Key Highlights of GST Notifications and Clarification Circulars January 2024](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-january-2024/) - The due date for filing Form GSTR-3B for November 2023 has been extended to 10 January 2024 for registered persons whose Principal Place of business is situated in districts of Tirunelveli, Tenkasi, Kanyakumari, Thoothukudi and Virudhunagar in the state of Tamil Nadu. Furthermore, Rules 80(1B) and 80(3B) have been inserted in the CGST Rules, 2017 - [Direct Listing of Equity Shares on International Exchange (IFSC - GIFT CITY)](https://devsite.nexdigm.com/alerts/direct-listing-of-equity-shares-on-international-exchange-ifsc-gift-city/) - The Ministry of Finance has amended Foreign Exchange Management (Non-debt Instruments) Rules, 2019 and notified the ‘Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme.’ The Ministry of Corporate Affairs has also notified Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024. These, together, provide an overarching regulatory framework - [Key Highlights of GST Notifications and Clarification Circulars December 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-december-2023/) - The due date for filing Form GSTR-3B for November 2023 has been extended to 27 December 2023 for a person whose Principal Place of business is situated in districts of Chennai, Tiruvallur, Chengalpattu and Kancheepuram in the state of Tamil Nadu. - [Government eases policy for import of used IT assets from SEZ to DTA, subject to conditions](https://devsite.nexdigm.com/alerts/government-eases-policy-for-import-of-used-it-assets-from-sez-to-dta-subject-to-conditions/) - The Directorate General of Foreign Trade (DGFT) has notified the policy for import of "Used IT Assets (Laptops, desktops, monitors, printers)" from the Special Economic Zone (SEZ) to the Domestic Tariff Area (DTA), vide Notification No. 56/2023 dated 1 January 2024. As per the said policy, the import of used IT assets shall be subject - [Key Highlights of GST Notifications and Clarification Circulars November 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-november-2023/) - The Central Board of Indirect Taxes and Customs (CBIC) has notified special procedure for taxable persons who could not file an appeal against the order passed on or before 31 March 23 under Section 73 or 74 of the CGST Act within three months from communication of said order or within a further period of - [Government allows 'hybrid working' for SEZ employees until December 2024](https://devsite.nexdigm.com/alerts/government-allows-hybrid-working-for-sez-employees-until-december-2024/) - The Ministry of Commerce and Industry has notified an amendment to Rule 43A of the Special Economic Zone (SEZ) Rules 2006 by which a SEZ unit may, as per its requirements, permit specified employees to work from any place outside the SEZ under the ‘hybrid work’ model. The said permission shall be applicable up to - [Key Highlights of GST Notification and Clarification Circulars in October 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-october-2023/) - The Central Board of Indirect Taxes and Customs (CBIC) has amended the CGST Rules, 2017. The key amendments include the addition of Rule 28(2), which specifies the value of supply of services between related persons by way of providing a corporate guarantee to any banking company or financial institution as 1% of the amount of - [Key Changes in Determining Qualifying Income of a Qualifying Free Zone Person](https://devsite.nexdigm.com/alerts/key-changes-in-determining-qualifying-income-of-a-qualifying-free-zone-person/) - Cabinet Decision No.100 and Ministerial Decision No.265 of 2023 Another development in the UAE Corporate Tax (UAE CT) framework comes pursuant to the public consultation paper released by the UAE Ministry of Finance (MoF) on 19 July 2023 for the classification of Qualifying Activities and excluded activities. The MoF has repealed the decisions issued earlier - [Supreme Court refused to reconsider the position of tax dues under IBC](https://devsite.nexdigm.com/alerts/supreme-court-refused-to-reconsider-the-position-of-tax-dues-under-ibc/) - In its recent judgment, the Supreme Court rejected a review petition that sought to hold that the tax dues are not at par with secured creditors and will not find priority in the waterfall mechanism under Section 53 of the Insolvency & Bankruptcy Code, 2016 (IBC or Code). - [MCA notifies changes impacting beneficial ownership and dematerialization rules](https://devsite.nexdigm.com/alerts/mca-notifies-changes-impacting-beneficial-ownership-and-dematerialization-rules/) - The Ministry of Corporate Affairs (MCA) notified certain amendments to rules by separate notifications dated 27 October 2023. - [Supreme Court rules on interpretation of the MFN clause in tax treaties](https://devsite.nexdigm.com/alerts/supreme-court-rules-on-interpretation-of-the-mfn-clause-in-tax-treaties/) - In a seminal judgment, the Division Bench of the Supreme Court ruled in favor of the Revenue in a protracted and contentious dispute concerning the Most Favored Nation (MFN) clause in the tax treaties. This decision marks a significant departure from the established legal precedent. Its consequences are anticipated to reverberate extensively throughout the realm - [Highlights of the 52nd GST Council Meeting](https://devsite.nexdigm.com/alerts/highlights-of-the-52nd-gst-council-meeting/) - In its 52nd meeting, the GST Council has provided recommendations on some long pending contentious issues, including the taxability of personal guarantee provided by Directors to the bank or corporate guarantee provided for related persons. The Council has also recommended a few measures for trade facilitation and measures relating to GST law and procedures compliances. - [Key Highlights of GST Notification and Clarification Circulars in September 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-september-2023/) - The Central Board of Indirect Taxes and Customs (CBIC) has notified amendments to the CGST Rules through Central Goods and Services Tax (Third Amendment) Rules, 2023. - [Online filing of Form 10F by non-resident without PAN](https://devsite.nexdigm.com/alerts/online-filing-of-form-10f-by-non-resident-without-pan/) - Under the Indian domestic tax laws, the non-residents availing benefits of a tax treaty are required to furnish a Tax Residency Certificate (TRC), along with a self-certified Form 10F (where certain specific information like Status, Nationality, Tax Identification Number, Period of TRC, Address, etc. is not available on TRC issued by resident country tax authority). - [CBDT notifies final valuation rules for Angel Tax provisions](https://devsite.nexdigm.com/alerts/cbdt-notifies-final-valuation-rules-for-angel-tax-provisions/) - The Finance Act, 2023 extended the applicability of Section 56(2)(viib) of the Income-tax Act, 1961 (the Act) even to the consideration received from non-residents in excess of Fair Market Value (FMV) for issuance of shares of unlisted companies. This is commonly referred to as ‘Angel Tax.’ - [Federal Tax Authority announces application of RCM on electronic devices among registrants for VAT purposes](https://devsite.nexdigm.com/alerts/federal-tax-authority-announces-application-of-rcm-on-electronic-devices-among-registrants-for-vat-purposes/) - The Federal Tax Authority (FTA) has issued Cabinet Decision No. 91 of 2023, effective from 29 October 2023, which introduces a special Reverse Charge Mechanism (RCM) to the local supply of electronic devices. - [Highlights of CBDT's 4th and 5th Annual Report on APA Program](https://devsite.nexdigm.com/alerts/highlights-of-cbdts-4th-and-5th-annual-report-on-apa-program/) - The Advance Pricing Agreement (APA) program has been proven to be an effective tool for dispute resolution since its inception in 2012 in India. The 4th Annual Report encapsulating FYs 2019-20, 2020-21 and 2021-22 and 5th Annual Report which was released within a span of three days encapsulating FY 2022-23 clearly highlights the progress made - [An Overview of Small Business Relief under Corporate Tax in UAE](https://devsite.nexdigm.com/alerts/an-overview-of-small-business-relief-under-corporate-tax-in-uae/) - The Federal Tax Authority (FTA) recently issued a detailed Corporate Tax Guide on Small Business Relief (SBR). - [Key Highlights of GST Notification and Clarification Circulars in August 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-august-2023/) - With effect from 1 October 2023, Electronic Commerce Operators (ECOs) will be required to follow the following special procedure in respect of supply of goods made through them by unregistered persons covered under Notification 34/2023 – Central Tax dated 31 July 2023 and composition taxpayers - [Extension of Applicability of Safe Harbour Rules to AY 2023-24](https://devsite.nexdigm.com/alerts/extension-of-applicability-of-safe-harbour-rules-to-ay-2023-24/) - The Central Board of Direct Taxes (CBDT) vide Notification1 dated 9 August 2023 has extended the applicability of the Safe Harbour Rules under Rule 10TD of the Income-tax Rules, 1962 (the Rules) to Assessment Year (AY) 2023-24. - [Updates in Executive Regulations related to Tax Procedures Law](https://devsite.nexdigm.com/alerts/updates-in-executive-regulations-related-to-tax-procedures-law/) - Cabinet Decision No. (74) of 2023 on the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures (New Executive Regulation) was issued, which revoked Cabinet Decision No. (36) of 2017 on the Executive Regulation of Federal Law No. (7) of 2017 on Tax Procedures and its amendments (Old Executive Regulation). The New - [Bombay High Court validates that Section 153 prevails over Section 144C for time limit for passing Final Assessment Order](https://devsite.nexdigm.com/alerts/bombay-high-court-validates-that-section-153-prevails-over-section-144c-for-time-limit-for-passing-final-assessment-order/) - Shelf Drilling Group companies had filed writ petitions1 with the Bombay High Court (HC), pleading that the limitation under Section 153(3) of the Income Tax Act, 1961 (the Act) read with the notifications for relaxations issued had expired on 30 September 2021. Therefore, no final assessment order could be passed as the proceedings were time-barred, - [Key Highlights of GST Notification and Clarification Circulars in July 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-july-2023/) - The date of exercising the option by Goods Transport Agencies (GTAs) to pay GST under forward charge is amended to 1 January to 31 March of the preceding financial year instead of the prior timeline of 1 January to 15 March. Furthermore, GTAs shall not be required to file a declaration for paying GST under - [NCLAT Dispenses Shareholders and Creditors Meeting in a Scheme of Amalgamation](https://devsite.nexdigm.com/alerts/nclat-dispenses-shareholders-and-creditors-meeting-in-a-scheme-of-amalgamation/) - In the scheme of amalgamation by Reliance Industries Limited (RIL or Appellant), the Hon’ble National Company Law Appellate Tribunal, New Delhi (NCLAT) set aside the order passed by the National Company Law Tribunal, Mumbai Bench (NCLT) that directed the Appellant to hold the meetings of shareholders and creditors under Section 230(1) of the Companies Act, - [Supreme Court Reiterates Overriding Effect of Insolvency and Bankruptcy Code, 2016](https://devsite.nexdigm.com/alerts/supreme-court-reiterates-overriding-effect-of-insolvency-and-bankruptcy-code-2016/) - The Supreme Court, in its recent judgment, reiterated the overriding effect of the Insolvency and Bankruptcy Code, 2016 (IBC). Further, the Hon’ble Court has also expressly discussed the priority of claims as set out under Section 53 of the Code and stated that the government’s dues placed at least priority therein. - [Gist of Circulars issued by CBIC on 17 July 2023](https://devsite.nexdigm.com/alerts/gist-of-circulars-issued-by-cbic-on-17-july-2023/) - The Central Board of Indirect Taxes and Customs (CBIC) issued various Circulars on 17 July 2023 to clarify the recommendations made in the 50th GST Council meeting held on 11 July 2023. - [Highlights of the 50th GST Council Meeting](https://devsite.nexdigm.com/alerts/highlights-of-the-50th-gst-council-meeting/) - The Hon’ble Finance Minister chaired the milestone 50th GST Council meeting in New Delhi. The meeting dealt with long-pressing issues, including the taxability of online gaming, setting up of the Appellate Tribunals, tightening of procedures for registration and claiming of Input Tax Credit (ITC). The Council also recommended a few measures for trade facilitation and - [Key Highlights of GST Notification and Clarification Circulars in June 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-june-2023/) - The due date for filing Form GSTR-1, GSTR-3B and GSTR-7 for May 2023 has been extended to 30 June 2023 for a person whose Principal Place of business is situated in Manipur. - [High Court quashes tax recovery fastened on the Director of a delinquent company](https://devsite.nexdigm.com/alerts/high-court-quashes-tax-recovery-fastened-on-the-director-of-a-delinquent-company/) - In a recent case, the Hon’ble Bombay High Court quashed the order passed by the Income-tax Authority under Section 179(1) of the Income-tax Act, 1961 (ITA) (the Act) against the Ex-director (petitioner or ex-Director) of the assessee company. The impugned order by the Income-tax department sought to recover the tax payable by the assessee company - [SEBI Amends Listing Regulations](https://devsite.nexdigm.com/alerts/sebi-amends-listing-regulations/) - The Securities and Exchange Board of India (SEBI) has, vide its notification dated 14 June 2023, amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). These amendments shall come into force from 14 July 2023 (Effective Date), unless specified otherwise. - [NCLT confirms that requirements of the Companies Act do not apply on commencement of Voluntary Liquidation](https://devsite.nexdigm.com/alerts/nclt-confirms-that-requirements-of-the-companies-act-do-not-apply-on-commencement-of-voluntary-liquidation/) - In a recent case, the New Delhi Bench of the National Company Law Tribunal (NCLT) accepted the proposition that once the voluntary liquidation is commenced in respect of the Corporate Person, the requirement to perform the Statutory Audit and consequent filing of the Financial Statement and Annual Return with the Registrar does not apply. - [UAE Corporate Tax: ‘Qualifying Income’ Clarified](https://devsite.nexdigm.com/alerts/uae-corporate-tax-qualifying-income-clarified/) - The UAE Corporate Tax (CT) Law has been implemented effective 1 June 2023. The CT law that was first released in December last year has a specific provision for Free zone companies in UAE which seeks to tax the income of Qualifying Free Zone Person (QFZP) - [Key Highlights of GST Notification and Clarification Circulars in May 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-may-2023/) - The Central Board of Indirect Taxes and Customs (CBIC) has reduced the threshold limit of e-invoicing applicability under GST to 50 Million (earlier, it was 100 Million). Now, for every person whose aggregate turnover in any of the previous FY from 2017-18 exceeds 50 Million, then such person is required to generate an e-invoice under - [NCLT Upholds the Delayed Claim of Income Tax Authorities](https://devsite.nexdigm.com/alerts/nclt-upholds-the-delayed-claim-of-income-tax-authorities/) - In a recent case1, the Chandigarh Bench of the National Company Law Tribunal (NCLT) upheld the delayed claim submitted by the Income Tax Authorities (the Department) and directed the liquidator to consider the claim of the Department. In the current case, the insolvency resolution process was initiated against Tara Chand Rice Mills Private Limited (Corporate - [Credit card payments covered under LRS, TCS to apply](https://devsite.nexdigm.com/alerts/credit-card-payments-covered-under-lrs-tcs-to-apply/) - India has come a long way in liberalizing foreign exchange transactions for its residents. The legal framework for the administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999 (FEMA). Earlier, transferring money overseas was a cumbersome procedure involving numerous approvals from the Reserve Bank of India (RBI). However, - [CBDT proposes major changes to valuation Rules in respect of Angel Tax](https://devsite.nexdigm.com/alerts/cbdt-proposes-major-changes-to-valuation-rules-in-respect-of-angel-tax/) - The Union Budget 2023 expanded applicability of Section 56(2)(viib) of the Income-tax Act, 1961 (the Act), commonly referred to as angel tax provisions, regarding the issuance of shares by unlisted companies to non-resident investors. Thus, the provisions of Section 56(2)(viib) of the Act have been widened to cover within its ambit receipt of consideration from - [MCA seeks to Expedite the Merger Process for certain companies](https://devsite.nexdigm.com/alerts/mca-seeks-to-expedite-the-merger-process-for-certain-companies/) - The Ministry of Corporate Affairs (MCA) notified the Companies (Compromises, Arrangement and Amalgamations) Amendment Rules, 2023 (Amendment Rules), being effective from 15 June 2023. The Amendment Rules seek to modify the process governing the merger of a certain class of companies popularly known as ‘fast-track merger’. - [Hyderabad ITAT upholds applicability of Section 56(2)(viia) on receipt of shares in scheme of amalgamation](https://devsite.nexdigm.com/alerts/hyderabad-itat-upholds-applicability-of-section-562viia-on-receipt-of-shares-in-scheme-of-amalgamation/) - In a recent case, the Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) upheld the applicability of Section 56(2)(viia) of the Income Tax Act (the Act) in the case of receipt of shares by an amalgamated company at less than Fair Market Value (FMV), pursuant to a scheme of amalgamation. - [Economic Principles are relevant while performing Transfer Pricing Analysis of Corporate Guarantee Transactions](https://devsite.nexdigm.com/alerts/economic-principles-are-relevant-while-performing-transfer-pricing-analysis-of-corporate-guarantee-transactions/) - Macrotech Developers Limited (Known by the brand name ‘Lodha' and hereafter referred to as the ‘taxpayer’) is an Indian company engaged in the business of building and developing residential and commercial properties. During the years under consideration (AY 2017-18 and AY 2018-19), the taxpayer had entered into international transactions with its Associated Enterprise (AE) based - [Key Highlights of GST Notification and Clarification Circulars in April 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-april-2023/) - The taxpayer whose aggregate turnover is INR 1 billion or more is required to generate IRN at the E-Invoice portal for all the eligible document type such as Invoice/Debit Note/Credit Note within seven days from the date of issuance of invoice. The same is not applicable to debit/credit notes. - [Gujarat High Court seeks to settle stamp duty conundrum on the scheme of amalgamation](https://devsite.nexdigm.com/alerts/gujarat-high-court-seeks-to-settle-stamp-duty-conundrum-on-the-scheme-of-amalgamation/) - Recently Gujarat High Court has passed an order in the matter of Chief Controlling Revenue Authority v Costal Gujarat Power Limited and others (Civil Appeal No. 6054 of 2015) (said Order). The said Order seeks to provide better clarity on several aspects of stamp duty payable under the Gujarat Stamp Act (GSA) on the order - [DDT vs DTAA 'tax-rate controversy'- Mumbai Tribunal Special Bench ruling](https://devsite.nexdigm.com/alerts/ddt-vs-dtaa-tax-rate-controversy-mumbai-tribunal-special-bench-ruling/) - The taxation of dividends underwent a change when in Finance Act 2020, dividends were made taxable in the hands of shareholders. Prior to this, since 1997, the dividend-paying company had to pay the Dividend Distribution tax (DDT). A question arose where dividends were distributed to non-residents whether the DDT rate had to be restricted to - [Apex Court holds selection of comparable companies as 'substantial question of law'](https://devsite.nexdigm.com/alerts/apex-court-holds-selection-of-comparable-companies-as-substantial-question-of-law/) - The landscape of Transfer Pricing litigation delves around matters that are more or less factual, viz. selection of most appropriate method, choice of comparable companies, aggregation of international transactions, etc. Among the various issues cited, one of the most common litigative issues is the selection of comparable companies. It is pertinent to note that the - [MCA sets up C-PACE to speed up closure of companies](https://devsite.nexdigm.com/alerts/mca-sets-up-c-pace-to-speed-up-closure-of-companies/) - In March 2023, the Ministry of Corporate Affairs (MCA) established the Center for Processing Accelerated Corporate Exit (C-PACE) at the Indian Institute of Corporate Affairs, Gurgaon, Haryana. The objective of establishing C-PACE is to facilitate and speed up the removal of the names of companies from the Register of Companies, also known as Fast Track - [Advisory on generation of E-invoices](https://devsite.nexdigm.com/alerts/advisory-on-generation-of-e-invoices/) - The Indian Government has recently issued an advisory to impose restrictions on reporting of invoices on the Invoice Registration Portal (IRP) to ensure timely compliance. - [Gist of Notifications issued by CBIC on 31 March 2023](https://devsite.nexdigm.com/alerts/gist-of-notifications-issued-by-cbic-on-31-march-2023/) - In its 49th meeting, the GST Council recommended various amnesty schemes to regularize the pending compliances. To give effect to those, the Central Board of Indirect Taxes and Customs (CBIC) has issued some notifications. - [Reassessment notices - Individuals / NRIs - Track your Tax Portal!](https://devsite.nexdigm.com/alerts/reassessment-notices-individuals-nris-track-your-tax-portal/) - The Central Board of Direct Taxes (CBDT) in India introduced the Faceless Reassessment Scheme by way of a notification in March 2022. This notification aimed to remove the interface between the Assessing officers and taxpayers during reassessment proceedings, thereby replacing it with a Faceless approach. Furthermore, the Scheme proposed to select cases for reassessment through - [Key Highlights of GST Notifications and Clarification Circulars in March 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-in-march-2023/) - As recommended in the GST Council’s 49th meeting, with effect from 1 March 2023, 5% GST rate has been notified on Rab, when sold in pre-packaged and labeled, and Nil GST when sold in other than pre-packaged and labeled (02/2023 and 03/2023 dated 28 February 2023). - [Key Amendments to Finance Bill, 2023](https://devsite.nexdigm.com/alerts/key-amendments-to-finance-bill-2023/) - Finance Bill, 2023 was presented by the Hon’ble Finance Minister (FM), Nirmala Sitharaman on 1 February 2023. While moving the Bill for approval by the Lok Sabha on 24 March 2023, the FM introduced amendments to Finance Bill 2023. The said ‘Amended Bill’ has been passed by the Lok Sabha on 24 March 2023. The - [Introduction of Wage Protection System (WPS) by DMCC](https://devsite.nexdigm.com/alerts/introduction-of-wage-protection-system-wps-by-dmcc/) - The Dubai Multi Commodities Centre (DMCC), one of the world’s leading free zones providing a dynamic business environment for companies, has implemented a new Wage Protection System (WPS) as part of its efforts to promote fair and ethical business practices, protect worker rights, and ensure timely payment of wages. WPS is an electronic salary transfer - [Key Highlights of GST Notifications and Clarification Circulars in February 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-in-february-2023/) - The impact of credit note and their amendments will now be auto-populated in Table 4(A) instead of Table 4(B) of GSTR-3B. If the value of credit notes becomes higher than the sum of invoices and debit notes put together, then the net ITC would become negative, and the taxpayers will be allowed to report negative - [Key Highlights of GST Notifications and Clarification Circulars in January 2023](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-in-january-2023/) - CBIC has assigned the powers of the Superintendent of Central Tax to Additional Assistant Directors in the Directorate General of Goods and Services Tax Intelligence (DGGI), Directorate General of Goods and Services Tax (DGGST), and Directorate General (DG) Audit. - [Key Highlights of GST Notifications and Clarification Circulars in December 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-in-december-2022/) - Pursuant to the 48th GST Council meeting held on 17 December 2022, the Central Board of Indirect Taxes and Customs (CBIC) has notified amendments to the CGST Rules, 2017, to facilitate trade and to streamline the compliances. - [Assessment on non-existent company dismissed by Delhi High Court](https://devsite.nexdigm.com/alerts/assessment-on-non-existent-company-dismissed-by-delhi-high-court/) - The Hon'ble Delhi Court dismissed the appeal in the case of Commissioner of Income Tax (Revenue) vs Sony Mobile Communications India Pvt Ltd (company) on 28 February 2023. The Hon'ble Court quashed the assessment by holding that the assessment order passed in the name of a non-existent company, despite being informed of the amalgamation, was - [Gist of Notifications issued by CBIC effective from 1 March 2023](https://devsite.nexdigm.com/alerts/gist-of-notifications-issued-by-cbic-effective-from-1-march-2023/) - An explanation has been added in the principal exemption Notification No. 12/2017 - Central Tax (Rate) dated 28 June 2017, clarifying that any authority, board, or body set up by the Central Government or State Government, including National Testing Agency shall be treated as an educational institution, in respect of services provided by way of - [Highlights of the 49th GST Council Meeting](https://devsite.nexdigm.com/alerts/highlights-of-the-49th-gst-council-meeting/) - The foremost agenda of the 49th GST Council meeting was to discuss the setting up of the Appellate Tribunal and mechanism to curb tax evasion in pan masala, chewing tobacco, and gutkha industry, among other matters for trade facilitation and streamlining GST compliances. The key decisions taken by GST Council in the said meeting are... - [The Reserve Bank of India simplifies the reporting in Single Master Form on the FIRMS portal](https://devsite.nexdigm.com/alerts/rbi-simplify-reporting-process-on-firms-portal/) - The Reserve Bank of India (RBI) vide its circular RBI/2022-23/160 A.P. (DIR Series) No. 22 dated 4 January 2023 has simplified the reporting of Foreign Direct Investment (FDI) in Single Master Form (SMF) on the Foreign Investment Reporting and Management System (FIRMS) Portal. - [NRIs permitted to avail UPI service linked to NRE/NRO accounts](https://devsite.nexdigm.com/alerts/nris-permitted-to-avail-upi-service-linked-to-nre-nro-accounts/) - The concept of a Unified Payments Interface (UPI) was first introduced in August 2016, which powered multiple bank accounts into a single mobile application (of any participating bank) and merged several banking features, seamless fund routing, and merchant payments under a single system. This system is unique only to India that allows instant real-time settlements - [NCLT reiterates that the tax department is a secured creditor](https://devsite.nexdigm.com/alerts/nclt-reiterates-that-the-tax-department-is-a-secured-creditor/) - Recently, the National Company Law Tribunal (NCLT), Chandigarh Bench has allowed an application filed by the income tax department under Insolvency & Bankruptcy Code, 2016 (IBC) inter alia appealed for directions to Resolution Professional of Recorders & Medicare Systems Pvt. Ltd. (Corporate Debtor), to consider tax department’s claim w.r.t the outstanding amount and other reliefs - [SEBI amends buyback rules, NCS regulations and introduces governance norms for listed REITs and InvITs](https://devsite.nexdigm.com/alerts/sebi-amends-buyback-rules-ncs-regulations-and-introduces-governance-norms-for-listed-reits-and-invits/) - In a recent meeting, the Securities and Exchange Board of India (SEBI) approved the gradual phasing out of share buyback through the stock exchange route as it has several limitations. Furthermore, changes are also proposed in buyback through a tender offer route so as to make it more investor friendly. - [Highlights of the 48th GST Council Meeting](https://devsite.nexdigm.com/alerts/highlights-of-the-48th-gst-council-meeting/) - The foremost agenda of the 48th GST Council meeting was to bring clarity on certain teething issues faced by the trade and industry. The Council has also introduced measures for trade facilitation and streamlining GST compliances. - [Summary of UAE Corporate Tax and Transfer Pricing Law](https://devsite.nexdigm.com/alerts/summary-of-uae-corporate-tax-and-transfer-pricing-law/) - The long wait was finally over on 9 December 2022, when the UAE Federal Tax Authority (FTA) released the final version of the UAE Corporate Tax (CT) law (hereinafter referred to as the law) through Federal Decree-Law No. 47 of 2022. The law is largely based on the public consultation document issued earlier during the - [UAE Introduces Corporate Income Tax](https://devsite.nexdigm.com/alerts/uae-introduces-corporate-income-tax/) - [Summary of Public Consultation Document issued for UAE Corporate Tax](https://devsite.nexdigm.com/alerts/summary-of-public-consultation-document-issued-for-uae-corporate-tax/) - [Manner of payment of pre-deposit for cases pertaining to Central Excise and Service Tax](https://devsite.nexdigm.com/alerts/manner-of-payment-of-pre-deposit-for-cases-pertaining-to-central-excise-and-service-tax/) - As directed by the Hon‘ble Bombay High Court in the matter of Sodexo India Services Pvt Ltd vs Union of India and Others1 , the Central Board of Indirect Taxes and Customs (CBIC) has examined the issue regarding the manner of payment of pre-deposit for filing appeals and has issued Instruction no. CBIC-240137/14/2022-Service Tax Section-CBEC - [Key Highlights of GST Notifications and Clarification Circulars in November 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-in-november-2022/) - The Central Government empowered the Competition Commission of India (CCI), established under Section 7(1) of the Competition Act, 2002, to examine the Antiprofiteering measures. - [Key Highlights of GST Notification and Clarification Circulars in October 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-october-2022/) - The Central Board of Indirect Taxes and Customs (CBIC) pursuant to the judgment of Hon‘ble Bombay High Court in the matter of Sodexo India Services Pvt Ltd vs Union of India and Others1, have issued captioned instruction. The key highlights of the same are as under: - [EmaraTax portal to be launched on 5 December 2022](https://devsite.nexdigm.com/alerts/emaratax-portal-to-be-launched-on-5-december-2022/) - The Federal Tax Authority (FTA) has recently announced that the "EmaraTax" website will be launched on 5 December 2022. The portal will no longer be accessible from 30 November 2022 due to the migration process. However, the key forms used by importers/exporters will remain accessible during the migration period. - [UAE issues clarifications for taxability of Director Services and changes in VAT law](https://devsite.nexdigm.com/alerts/uae-issues-clarifications-for-taxability-of-director-services-and-changes-in-vat-law/) - The Federal Tax Authority (FTA) has recently issued two public clarifications under UAE VAT law that discusses the VAT treatment on - [FTA issues changes in Tax Procedure and Executive Regulation under UAE VAT](https://devsite.nexdigm.com/alerts/fta-issues-changes-in-tax-procedure-and-executive-regulation-under-uae-vat/) - The Federal Tax Authority has made changes to the following legislation relating to UAE VAT - [CBIC issues guidelines on transitional credit verification; Clarifies amendments to IDS refund provisions](https://devsite.nexdigm.com/alerts/cbic-issues-guidelines-on-transitional-credit-verification-clarifies-amendments-to-ids-refund-provisions/) - [Changes in Federal Decree-Law No.8 of 2017](https://devsite.nexdigm.com/alerts/changes-in-federal-decree-law-no-8-of-2017/) - UAE Federal Decree-Law No. 8 of 2017 on VAT (hereinafter referred to as VAT Law) was amended by the Federal Decree-Law No. 18 of 2022 and is to be effective from 1 January 2023. - [eDirham to be replaced with Magnati from 30 October 2022](https://devsite.nexdigm.com/alerts/edirham-to-be-replaced-with-magnati-from-30-october-2022/) - The Federal Tax Authority (FTA) is in the advanced stages of adevelopment that will impact the payment details provided as part of tax/excise payments. - [Supreme Court favors Revenue for deductibility of delayed contribution to Provident Fund](https://devsite.nexdigm.com/alerts/supreme-court-favors-revenue-for-deductibility-of-delayed-contribution-to-provident-fund/) - Deductibility of employee‘s contribution to Provident Fund collected by the employer and deposited beyond the due date specified in the relevant statutes but before the filing of the return of income has been a matter of litigation resulting from contrary decisions of various High Courts. While several High Courts have ruled that the delayed contribution - [New Regulations on Residential Visa Validity in Free Zones](https://devsite.nexdigm.com/alerts/new-regulations-on-residential-visa-validity-in-free-zones/) - The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has notified a new Residency Visa (RV) rule on 3 October 2022 in regard to its validity period impacting all the Free Zone entities in Dubai. - [RBI’s Latest Circular on Late Submission Fee for Delayed FDI Reporting](https://devsite.nexdigm.com/alerts/rbis-latest-circular-on-late-submission-fee-for-delayed-fdi-reporting/) - [Key Highlights of GST Notifications and Clarification Circulars September 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-september-2022/) - Key amendments to GST Act proposed vide Finance Act 2022 have been notified and are effective from 1 October 2022. - [CCDs characterized as debt not equity](https://devsite.nexdigm.com/alerts/ccds-characterized-as-debt-not-equity/) - [Major changes under GST Act to be effective from 1 October 2022](https://devsite.nexdigm.com/alerts/major-changes-under-gst-act-to-be-effective-from-1-october-2022/) - To enthrone the efforts of ‘Make in India’ objective along with various changes towards GST procedures and compliances, the amendments to GST Act proposed vide Finance Act, 2022 have been notified and shall be effective from 1 October 2022. - [MCA Modifies Definition of Small Companies under Companies (Specification of Definition details) Amendment Rules, 2022](https://devsite.nexdigm.com/alerts/mca-modifies-definition-of-small-companies-under-companies-specification-of-definition-details-amendment-rules-2022/) - The Ministry of Corporate Affairs (MCA) has amended Companies (Specification of Definition details) Amendment Rules, 2014 by introducing 'Companies (Specification of Definition details) Amendment Rules, 2022' effective from 15 September 2022. - [IBBI amends the voluntary liquidation process](https://devsite.nexdigm.com/alerts/ibbi-amends-the-voluntary-liquidation-process/) - The Insolvency and Bankruptcy Board of India (IBBI) has notified IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022 (Amendment Regulations), on 16 September 2022. - [Government issues additional guidelines, removing the ambiguity for withholding of tax over benefits and perks provided to business houses](https://devsite.nexdigm.com/alerts/government-issues-additional-guidelines-removing-the-ambiguity-for-withholding-of-tax-over-benefits-and-perks-provided-to-business-houses/) - The Central Board of Direct Taxes (CBDT) has issued an additional set of guidelines vide Circular no 18 of 2022, exercising the power conferred as per sub-section 2 to Section 194R of the Income-tax Act, 1961 (the Act). The additional guidelines aim to provide clarity on earlier guidelines issued by CBDT vide Circular no. 12 - [Supreme Court rules that State Government is a secured creditor under IBC](https://devsite.nexdigm.com/alerts/supreme-court-rules-that-state-government-is-a-secured-creditor-under-ibc/) - In a significant judgment given on 6 September 2022, the Hon'ble Supreme Court held that the State Government is a secured creditor under the Insolvency and Bankruptcy Code, 2016 (IBC). It further reiterated the position that a resolution plan that is not consistent with Section 30(2) of IBC would be invalid and not binding on - [Dubai Development Authority Mandates the Submission of Financial Statement](https://devsite.nexdigm.com/alerts/dubai-development-authority-mandates-the-submission-of-financial-statement/) - The Dubai Development Authority (DDA), with effect from 12 August 2022, has enabled its AXS Services Portal for online submission of audited financial accounts electronically by all registered entities. The Free Zone Limited Liability Companies (FZLLCs) and Branch entities registered with DDA are required to submit their most recent Audited Financial Statement along with the - [MCA introduces The Companies Amendment Rules, 2022](https://devsite.nexdigm.com/alerts/mca-introduces-the-companies-amendment-rules-2022/) - The Ministry of Corporate Affairs (MCA) has amended 'The Companies (Acceptance of Deposits) Rules, 2014,' 'The Companies (Appointment and Qualification of Directors) Rules, 2014,' and 'The Companies (Registration of Charges) Rules, 2014' by introducing 'The Companies (Acceptance of Deposits) Amendment Rules, 2022,' The Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2022;' and 'The - [Issuance of the Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2022](https://devsite.nexdigm.com/alerts/issuance-of-the-companies-removal-of-names-of-companies-from-the-register-of-companies-second-amendment-rules-2022/) - [Key Highlights of GST Notifications and Clarification Circulars August 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-august-2022/) - [RBI notifies new Overseas Direct Investment Regulations](https://devsite.nexdigm.com/alerts/rbi-notifies-new-overseas-direct-investment-regulations/) - [MCA allows companies to allocate CSR for 'Har Ghar Tiranga' Campaign](https://devsite.nexdigm.com/alerts/mca-allows-companies-to-allocate-csr-for-har-ghar-tiranga-campaign/) - [MCA21 Version 3 expected to be rolled out this month](https://devsite.nexdigm.com/alerts/mca21-version-3-expected-to-be-rolled-out-this-month/) - [RBI introduced Liberazation Measures for External Commercial Borrowings](https://devsite.nexdigm.com/alerts/rbi-introduced-liberazation-measures-for-external-commercial-borrowings/) - [Issuance of the Companies (Accounts) Fourth Amendment Rule, 2022](https://devsite.nexdigm.com/alerts/issuance-of-the-companies-accounts-fourth-amendment-rule-2022/) - [Issuance of the Companies (Incorporation) Third Amendment Rules 2022](https://devsite.nexdigm.com/alerts/issuance-of-the-companies-incorporation-third-amendment-rules-2022/) - [CBIC issued guidelines on 'Issuance of Summons under Section 70 of the CGST Act, 2017'](https://devsite.nexdigm.com/alerts/cbic-issued-guidelines-on-issuance-of-summons-under-section-70-of-the-cgst-act-2017/) - [CBIC issued guidelines for ‘Arrest and Bail’ in relation to offences punishable under the CGST Act, 2017](https://devsite.nexdigm.com/alerts/cbic-issued-guidelines-for-arrest-and-bail-in-relation-to-offences-punishable-under-the-cgst-act-2017/) - [Refund of grossed up tax on non taxable payments](https://devsite.nexdigm.com/alerts/refund-of-grossed-up-tax-on-non-taxable-payments/) - [GIST of Circulars issued by CBIC on 3 August 2022](https://devsite.nexdigm.com/alerts/gist-of-circulars-issued-by-cbic-on-3-august-2022/) - [PAN application integration with LLP incorporation form FiLLiP](https://devsite.nexdigm.com/alerts/pan-application-integration-with-llp-incorporation-form-fillip/) - [Supreme Court orders States to implement DIN for all communications to assessees under GST](https://devsite.nexdigm.com/alerts/supreme-court-orders-states-to-implement-din-for-all-communications-to-assessees-under-gst/) - [Key Highlights of GST Notifications and Clarification Circulars July 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-july-2022/) - [Notification No. 17/2022 – Central Tax dated 1 August 2022](https://devsite.nexdigm.com/alerts/notification-no-17-2022-central-tax-dated-1-august-2022/) - [Supreme Court order to reinstate TRAN facility](https://devsite.nexdigm.com/alerts/supreme-court-order-to-reinstate-tran-facility/) - [Gist of notifications issued by CBIC effective from 18 July 2022](https://devsite.nexdigm.com/alerts/gist-of-notifications-issued-by-cbic-effective-from-18-july-2022/) - [Business Closure- MCA amends rules pertaining to strike-off a company's name](https://devsite.nexdigm.com/alerts/business-closure-mca-amends-rules-pertaining-to-strike-off-a-companyaes-name/) - [RBI introduces International Trade Settlement in INR to promote growth in global trade](https://devsite.nexdigm.com/alerts/rbi-introduces-international-trade-settlement-in-inr-to-promote-growth-in-global-trade/) - [Ministry of Corporate Affairs introduces National Financial Reporting Authority Rules, 2022](https://devsite.nexdigm.com/alerts/ministry-of-corporate-affairs-introduces-national-financial-reporting-authority-rules-2022/) - [Gist of circulars issued by CBIC on 6 July 2022](https://devsite.nexdigm.com/alerts/india-begins-approving-fdi-from-chinese-firms/) - [Notifications post 47th GST Council Meeting](https://devsite.nexdigm.com/alerts/notifications-post-47th-gst-council-meeting/) - [Key Highlights of GST Notifications and Clarification Circulars June 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-june-2022/) - [Highlights from the 47th GST Council Meeting](https://devsite.nexdigm.com/alerts/highlights-from-the-47th-gst-council-meeting/) - [CBDT releases Updated Guidance on Mutual Agreement Procedure](https://devsite.nexdigm.com/alerts/cbdt-releases-updated-guidance-on-mutual-agreement-procedure/) - [OECD releases the latest edition of the Transfer Pricing Guidelines](https://devsite.nexdigm.com/alerts/oecd-releases-the-latest-edition-of-the-transfer-pricing-guidelines/) - [Government issues guidelines for withholding of tax over benefits and perks provided to business houses](https://devsite.nexdigm.com/alerts/government-issues-guidelines-for-withholding-of-tax-over-benefits-and-perks-provided-to-business-houses/) - [The Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2022](https://devsite.nexdigm.com/alerts/the-companies-appointment-and-qualification-of-directors-second-amendment-rules-2022/) - [MCA tightens provisions regarding the appointment of an individual from neighboring countries as a Director in an Indian company](https://devsite.nexdigm.com/alerts/mca-tightens-provisions-regarding-the-appointment-of-an-individual-from-neighboring-countries-as-a-director-in-an-indian-company/) - [Ministry of Finance, UAE introduces new reporting portal](https://devsite.nexdigm.com/alerts/ministry-of-finance-uae-introduces-new-reporting-portal/) - [Key Highlights of GST Notifications and Clarification Circulars May 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notifications-and-clarification-circulars-may-2022/) - [MCA notifies amendments to keep a check on FDI from neighboring countries](https://devsite.nexdigm.com/alerts/mca-notifies-amendments-to-keep-a-check-on-fdi-from-neighboring-countries/) - [Apex Court's respite to importers: No GST on ocean freight in CIF contracts](https://devsite.nexdigm.com/alerts/apex-courts-respite-to-importers-no-gst-on-ocean-freight-in-cif-contracts/) - [Key Highlights of GST Notification and Clarification Circulars in April 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-april-2022/) - [Key Highlights of GST Notification and Clarification Circulars in December 2021](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-december-2021/) - [Key Highlights of GST Notification and Clarification Circulars in January 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-january-2022/) - [Key Highlights of GST Notification and Clarification Circulars in February 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-february-2022/) - [Key Highlights of GST Notification and Clarification Circulars in March 2022](https://devsite.nexdigm.com/alerts/key-highlights-of-gst-notification-and-clarification-circulars-in-march-2022/) - [Revised Constitution of Committees addressing taxpayer's grievances from high pitched assessments](https://devsite.nexdigm.com/alerts/revised-constitution-of-committees-addressing-taxpayers-grievances-from-high-pitched-assessments/) - [Amendment in the Foreign Exchange Management (Non-debt Instruments) Rules, 2019](https://devsite.nexdigm.com/alerts/amendment-in-the-foreign-exchange-management-non-debt-instruments-rules-2019/) - [Maharashtra State Tax Department explains 'Amnesty Scheme' allowing waiver up to 80% of tax arrears](https://devsite.nexdigm.com/alerts/maharashtra-state-tax-department-explains-amnesty-scheme-allowing-waiver-up-to-80-of-tax-arrears/) - [Supreme Court upholds validity of assessment order passed in the name of amalgamating company post amalgamation taking into consideration factual aspects](https://devsite.nexdigm.com/alerts/supreme-court-upholds-validity-of-assessment-order-passed-in-the-name-of-amalgamating-company-post-amalgamation-taking-into-consideration-factual-aspects/) - [Insolvency and Bankruptcy Board Amends Voluntary Liquidation Process Regulations](https://devsite.nexdigm.com/alerts/insolvency-and-bankruptcy-board-amends-voluntary-liquidation-process-regulations/) - [MCA Extends Validity of Exemption Notification Concerning Certain Combinations](https://devsite.nexdigm.com/alerts/mca-extends-validity-of-exemption-notification-concerning-certain-combinations/) - [Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act 2022 (Amnesty Scheme)](https://devsite.nexdigm.com/alerts/maharashtra-settlement-of-arrears-of-tax-interest-penalty-or-late-fee-act-2022-amnesty-scheme/) - [Key Amendments to Finance Bill 2022 at Enactment Stage](https://devsite.nexdigm.com/alerts/key-amendments-to-finance-bill-2022-at-enactment-stage/) - [Standard Operating Procedure (SOP) for scrutiny of returns for FY 2017-18 and 2018-19](https://devsite.nexdigm.com/alerts/standard-operating-procedure-sop-for-scrutiny-of-returns-for-fy-2017-18-and-2018-19/) - [Supreme Court Rejects the Special Leave Petition by Apex Laboratories](https://devsite.nexdigm.com/alerts/supreme-court-rejects-the-special-leave-petition-by-apex-laboratories/) - [MCA introduces new FORM CSR-2 for more transparent CSR reporting, mining and analysis of CSR data](https://devsite.nexdigm.com/alerts/mca-introduces-new-form-csr-2-for-more-transparent-csr-reporting-mining-and-analysis-of-csr-data/) - [CBDT clarifies the legal interpretation of the MFN clause](https://devsite.nexdigm.com/alerts/cbdt-clarifies-the-legal-interpretation-of-the-mfn-clause/) ## Services UAE - [Professional Services](https://devsite.nexdigm.com/ins_services_uae/professional-services/) - 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