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Grant Thornton’s digital transformation services help traditional businesses digitalise their business models with cloud technology, IoT consulting, app development and more DigiTech solutions.
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Our Human Capital Consulting team harnesses technology and industry expertise to assist in constructing adaptable organisations with transparency, fostering productive and value-driven workforces, and inspiring employees to engage meaningfully in their tasks.
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Production Linked Incentive Scheme
Production-linked Incentive Scheme by the Indian government is aimed at boosting manufacturing. Grant Thornton Bharat offers varied services across sectors to help businesses avail of this scheme.
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Public Sector Advisory
Our Public Sector Advisory team has focused streams, aligned with the core priorities of the Government of India. We are responsible for providing innovative and customized technical and managerial solutions.
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Tech Advisory
We have amalgamated Digital Transformation, IT Advisory & Information Management and Analytics into a new offering, DigiTech.
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Direct Tax services
Our tax specialists offer a comprehensive blend of tax services, tax litigation, regulatory and compliance services, helping you navigate through complex business matters.
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Get tax services by leading tax firm Grant Thornton India. Our indirect tax services include consulting, compliance and litigation services for corporate, international and transaction tax
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Transfer pricing services
Our transfer pricing services experts provide a range of services from provision of APA services to handling large global assignments including Country by Country reporting.
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At Grant Thornton, we help individuals and dynamic companies deal with US tax laws, which are one of the most complicated tax legislations across the world.
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Financial Services - Tax
Best financial advisory services, tailored for small and large businesses by the experts having comprehensive knowledge of domestic laws and access to multifaceted tools to provide a valuable results.
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Financial Reporting consulting services
Our experts have significant hands-on experience in providing IFRS/US GAAP services, end-to-end solutions and support services to fulfil financial reporting requirements.
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Fund accounting and financial reporting
International operations often lack standardisation and have varied local reporting formats and requirements. Our experts can offer proactive insights, practical guidance, and positive progress and help meet regulatory timeframes.
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Compliance and Secretarial Services
Our experts can assist in overhauling the entire compliance machinery of the organisation through evaluation of the applicable statutory obligations, monitoring of adequate governance controls, reporting and providing ongoing support.
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Global People Solutions
As businesses transcend borders, both domestic and global considerations need equal attention. Our interim CFO and financial controller support services help organisations meet the business vision.
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Finance and accounting outsourcing
Our accounting experts assist organisations in managing their accounting and reporting. Our dedicated Integrated Knowledge and Capability Centre (IKCC), allows us to service both the domestic and global markets efficiently and cost-effectively
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Compliance Management System
We have automation solutions for you that will allow meeting government requirements and remain diligent, which when failed, can lead to penalties and loss in revenue.
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IKCC: Grant Thornton's Shared Service Centre
The India Knowledge and Capability Centre (IKCC), aimed at delivering solutions by developing capabilities, has completed four years of its journey.
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Global compliance and reporting solutions
At Grant Thornton Bharat, we meet the challenges of our clients and help them unlock their potential for growth. Our professionals offer solutions tailored to meet our clients’ global accounting and statutory reporting requirements. With first-hand experience of local reporting requirements in more than 145+ locations worldwide, we provide seamless and consistent international service delivery through a single point of contact.
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Grant Thornton Bharat's comprehensive related-party transaction services ensure good governance by adhering to regulatory requirements, promoting transparency, and providing robust policies for compliance, documentation, and accountability in related-party transactions.
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Grant Thornton Bharat Private Client Services offers tailored advisory for family-owned businesses, focusing on governance, compliance, tax, succession planning, and family office structuring to sustain wealth and preserve legacies across generations.
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GTMitra: Tax & Regulatory Tool
GTMitra, a specialised tax and regulatory tool by Grant Thornton Bharat, supports multinational businesses in understanding laws and regulations for effective growth strategies.
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Labour codes solutions help you transition through the new legislation. At Grant Thornton, we help businesses divide their approach to make sure a smooth transition.
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Alerts
At Grant Thornton India, with the help of our tax alerts, we help to provide updates on how to minimise your tax exposure and risks.
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In today’s time, businesses have gone through large transformation initiatives such as adoption of digital technologies, transition to cloud, use of advanced technologies et al.
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Governance, Risk & Operations
Our Governance, Risk and Operations (GRO) services encompass Internal Audit, Enterprise Risk Management, Internal Financial Controls, IT advisory, Standard Operating Procedures and other services.
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Risk analytics
Grant Thornton Bharat’s CLEARR Insights is a state-of-the art data analytics platform that will help you in seamless data analysis and efficient decision-making.
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The team of forensic advisory services experts consists of the best intelligence corporate experts, and fraud risk, computer forensic experts to deliver most effective solutions to dynamic Indian businesses.
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Grant Thornton Bharat offers holistic ESG consulting solutions for sustainable business outcomes. With industry expertise and AI technology, we drive long-term value.
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Transaction Tax Services
Our transaction tax experts understand your business, anticipate your needs and come up with robust tax solutions that help you achieve business objectives ensuring compliance and efficiency
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Deal Advisory
Unlike other M&A advisory firm in India, we offer deal advisory services and work exclusively with controlled and well-designed strategies to help businesses grow, expand and create value.
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Grant Thornton’s financial due diligence services are aimed at corporate looking for mergers and acquisitions, private equity firms evaluating investments and businesses/promoters considering sale/divestment.
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As one of the leading valuation consultants in India, Grant Thornton specializes in all the aspects of the process like business valuation services, financial reporting, tax issues, etc.
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Overseas Listing
Overseas listing presents a perfect platform for mid-sized Indian companies with global ambitions. Grant Thornton’s team of experts in listings, work closely with clients during all stages.
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Grant Thornton Bharat offers specialist debt and special situations consulting services, including restructuring, insolvency, and asset tracing solutions.
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Financial Reporting Advisory Services
Grant Thornton Bharat Financial Reporting Advisory Services offer end-to-end solutions for complex financial requirements, including GAAP conversions, IPO support, and hedge accounting advisory, ensuring accurate financial reporting and compliance.
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Grant Thornton Bharat offers customised financial statement audit and attestation services, ensuring impeccable quality and compliance with global standards. Our partner-led approach, technical expertise, and market credibility ensure effective solutions for your business needs.
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Article Agriculture and Budget: Immediate compulsions and long-term visionGovernment focuses on sustainable agriculture, digital infrastructure, and market intelligence to enhance productivity and global competitiveness in agriculture.
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Media article Union Budget 2024 expectations: Building resilience for consumer industryUnion Budget 2024 expectations: Building resilience for consumer industry
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Thought Leadership Grain to gain: Impact of corn on India’s biofuel revolutionExplore Grant Thornton insights on unlocking India’s Energy Potential on Corn-Based Ethanol as a sustainable fuel solution.
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Case study Transforming agriculture: The rise of Drone DidisDiscover how Grant Thornton Bharat's Drone Didis initiative empowers rural women and transforms agriculture with drone technology. Learn more about this success.
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The government has proposed an inclusive budget prioritizing employment, skilling, MSMEs, and the middle class, with a clear focus on fundamentals such as inclusive growth, women-led development, and digital public infrastructure.
From the public health point of view, the budget focuses on preventive and promotive care with an objective to bring down the cost of curative care and addressing the healthcare needs of the large Indian population over the long term to build a Viksit Bharat.
Announcements to build an additional 3 crore houses in both rural and urban areas and allocating INR 10 lakh crores to address housing needs of 1 crore urban poor and middle class families under the PM Awas Yojana and promoting water supply, sewage treatment and solid waste management projects and services for 100 large cities will improve quality of life, promotes healthy living and better sanitation measures. All these are steps towards prioritizing preventive health.
More than INR 3 lakh crore has been allocated for schemes benefiting women and girls. Additionally, the plan to set up a new medical college in Bihar will further enhance the overall health infrastructure.
Finance Minister also mentioned stepping up digital public infrastructure for health including education and other sectors. The development of Digital Public Infrastructure (DPI) applications at a population scale is expected to lead to productivity gains, business opportunities, and innovation by the private sector. This initiative has the potential to strengthen the interoperability of digital health data, primary healthcare and enhancing accessibility.
In an effort to provide relief to cancer patients, the government has proposed to fully exempt Trastuzumab Deruxtecan, Osimertinib, and Durvalumab from customs duties. This move will reduce the cost of care for patients, as the price for some of these medicines can range from INR 1.5 lakhs to INR 2 lakhs per vial. It’s important to note that one in nine people in India are likely to develop cancer in their lifetime. Among non-communicable diseases, cancer (18.1%) contributes the second most the death rate after cardiovascular disease (63.3%). Further, proposed changes in the Basic Customs Duty (BCD) on x-ray tubes and flat panel detectors for use in medical x-ray machines under the Phased Manufacturing Programme aim to support local manufacturing and innovation in the medical sector.
The announcement to spur private sector-driven research and innovation at a commercial scale with a financial pool of INR 1 lakh crore could lead to advancements in lifesciences and healthcare. Furthermore, the announcement pertaining to women-led developments and Employment Linked Incentive will benefit the healthcare and life sciences sector. It is important to note that women constitute a large portion of the healthcare workforce. The allocation of INR 15000 crores for Andhra Pradesh to strengthen infrastructure will potentially support the industry as Visakhapatnam is one of the large pharmaceuticals manufacturing hub in India.
The finance minister has commented on the simplification of GST and a comprehensive review of the customs duty rate structure over the next six months. This is a development to watch, as rationalisation of rate structure for input items has been a longstanding demand of the healthcare sector, which would bring down the cost of healthcare.
Further, few relaxations under GST law have been proposed in line with announcements made pursuant to 53rd GST Council meeting. Time limit for availing ITC from FY 2017-18 to FY 2020-21 is proposed to be extended to 30 November 2021. Further, conditional waiver of interest and penalty or both will be provided for demand notices issued under Section 73 for FY 2017-18, 2018-19, and 2019-20, except for cases of erroneous refund, provided full tax is paid before notified date. Such amendments will provide necessary relief to the industry for initial few years under GST regime.
While most of the announcements have been towards ease of doing business however industry was expecting additional allocations towards PLI scheme for pharma sector. Further, a lower rate of GST on health insurance, clinical trials and research activities would have been another step towards affordable healthcare.
In general, the Interim Budget laid a strong foundation for healthcare improvements, particularly in maternal and child health, with a focus on integrating various schemes, the main budget continues this focus on preventive and promotive care aims at reducing the cost and address the healthcare needs of the large Indian population over long term.