The outlook for global tax policy in 2013
The pace of tax policy, legislative and regulatory change continues to accelerate globally. See our six-point plan to help you manage these ongoing changes.
CFO Disrupt or be distrupted: the CFO perspective
5 challenges of the brand new order in consumer products & how CFOs can address them.
Global indirect tax developments: the shift in 2013
How will the detailed changes in indirect taxation affect your business operations? See updates in more than 100 countries worldwide.
OECD Base Erosion and Profit Shifting project
The OECD has issued a progress report which sets an action plan in motion. Find out what it entails.
Managing China’s VAT risks and opportunities
Almost 80% of respondents are not confident that their VAT processes are generating the correct results. Our survey offer insights into China’s VAT regime.
Human capital carve-out study: strategies for success
In our latest study, we highlight trends and leading practices that can help companies use divestments to raise, optimize and preserve capital. Learn more.
Register for our Human Capital Forum
Join us at the Ernst & Young Human Capital Forum - Delhi on 25 January 2012! Get the program details here.
Indirect tax briefing: December 2012
Governments around the world are increasingly relying on indirect taxes to boost revenues, reduce budget deficits and fund other tax reforms. See the latest developments.
Tax policy and controversy: quarterly briefing 2012
This edition delves into the worldwide developments, including base erosion and profit shifting, country reform and changes in tax leadership. See the latest developments.

Tax Services

Ernst and Young's Tax Services

The business and tax landscapes have changed dramatically, and the pace and complexity of change continues to increase. We can help you navigate this shifting landscape. Governments are tempering the need for revenue with increased competition for labor and capital. Tax authorities are adapting their enforcement strategies, focus and policies in response to the changing dynamics of business. Companies are balancing competing priorities, ensuring they maintain compliance while adding value. We can assist you with these critical issues in today's tax environment, including:

SEZ - Recommendations to CBEC on service tax refund issues.

In response to the industry’s long-standing demand of addressing difficulties faced by SEZ developers and units in seeking service tax refund, the Export Promotion Council (EPCES) organized a meeting for export-oriented units (EOUs) and SEZs on 17 September 2010 in Mumbai.

J. M. Kennedy, Director (TRU), was specially invited to solicit feedback from SEZ developers and units regarding the issues faced in the refund of service tax.

The CBEC representatives from SEZ developers, SEZ units, the Development Commissioner’s Office and field officers of CBEC dealing with refunds for SEZ developers/units attended this forum.

Ernst & Young, based on its experience and interactions with the industry representatives has compiled a report listing down the issues faced by the industry and suggested recommendations on the prevailing issues for the government’s consideration.
We are pleased to share our report on SEZ - Recommendations to CBEC on service tax refund issues.

Recommendations to Draft Point of Taxation (for Services Provided or Received in India) Rules, 2010

The Government of India had published a draft of the Point of Taxation (PoT) Rules, 2010 (for Services Provided or Received in India), to introduce the concept of time of supply for payment of service tax. The objective of the Rules is to shift the payment of service tax from a receipt or cash basis to an accrual or invoice basis.

2011-12 Tax risk and controversy survey

Converging trends have created the riskiest environment for tax controversy the world has experienced in years. How will these global trends develop and how will business leaders respond? Our 2011-12 Tax risk and controversy survey examines these risks and how to approach and manage them for your organization.

The Board has displayed an encouraging and inclusive approach by inviting feedback from the stakeholders, which will ensure that the rules bring greater clarity, transparency and stability in the levy and collection of tax on services while introducing key legislative changes through the Draft Point of Taxation Rules, 2010.

Ernst & Young's Tax Policy & Litigation Group conducted a research exercise to develop a constructive point of view on the overall design and scheme of the rules. The research included an on-line survey of stakeholders, internal interviews with our teams on experience of the challenges faced by their clients, and a study of best practices across international GST/ VAT legislation's (specifically in Australia, New Zealand, United Kingdom, Canada and Singapore). The Group then identified concerns and submitted its recommendations on the Draft Rules to the Union Government.

We are please to share with you the complete research report on the draft Point of Taxation Rules

Regulation and hurdles

Removing regulatory hurdles is not always a case of passing a bill or modifying an Act. The need, is to speed up every aspect of the consultation process and resolve, gaps and differences at a faster pace.

Register for our Human Capital Forum

Join us at the Ernst & Young Human Capital Forum - Delhi on 25 January 2012! Get the program details here.

Contact us

Sudhir Kapadia
Partner & National Director,
Tax and regulatory services
Tel: +91 (22) 6192 0000
Email: Sudhir.Kapadia@in.ey.com

EY is Number 1 Tax advisory firm in India: TNS Survey

This independent Global Tax Monitor Survey polled CFOs and Tax Directors to compare all large Indian tax firms, including the Big Four, on various parameters of corporate image and reputation for services.

Budget PLUS 2013

What does India's Budget 2013 have in store for you? We give you detailed insights into the Budget through our LIVE webcast series, articles by our leaders and more!

Doing business in India 2012-13

This report offers an overview of India's commercial climate and explores entry options for global businesses in India. Get your copy now!

Important Links

Working in India

We bring together a fact sheet, especially designed to help expatriates understand India’s tax and applicable regulatory provisions.

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