Grant Thornton Advisory Private Limited

Indirect taxes have an extensive contribution to the revenue of the government. In recent times, indirect tax collection has overtaken the direct tax collections. As different indirect taxes integrate into GST, the accumulation   is likely to be higher. India is a federal country. Tax advisory services have adopted dual Goods and Service Tax (GST) with a four-rate structure to protect the interest of this country. It is an endeavour to meet the requirements of every Indian state. As the Government of India is proactively addressing the transitional challenges, several concessions and exemptions are adapted as a part of the GST system. GST Amendments There have been consistent clarifications and amendments in the law of GST. It requires regular monitoring of the changes affecting businesses, which may also call for changes in the processes and systems. Financial advisory services are equipped with the knowledge and expertise to address such changes. Businesses should be a...

  Ethically correct and a law-abiding conduct should naturally occur in the companies. However, some recent incidents have violated compliance guidelines. Compliance services remain a topic of constant dispute in businesses. What is Compliance? Compliance is a frequently used encompassing business administration and business law. It is now practically used in all economic sectors and industries. It involves companies and employees complying with the present rules. However, earlier it only implied complying with the law. Today, compliance services involve a broad setup; besides maintaining legality, it also includes standard recognition and customary guidelines of the industry. Most importantly, it involves a commitment to its own values to maintain strict ethical rules on both internal as well as external conduct. How Compliance Services Can Be Implemented In A Company? A Compliance Management System is a requirement to enforce compliance guidelines within a company. The ...

With advanced technology comes the risk of cyber invaders. Frequent attacks like spamming, hacking, black hat practices, and firewall breaches are all over the place. This calls in the need of a cybersecurity consultant. The role of a cyber security consultant is crucial to all organisations; whether they are small or large, government, or private. They are trained to help prevent and safeguard from security threats and risks. Who is a Cyber Security Consultant? Cyber security consultants are trained professionals who keep networks and systems safe from both internal as well as external attacks. Their role is to: Ø   Regulate access to systems by creating levels of security clearance Ø   Implement security programs to protect vital information Ø   Keep abreast of the new cybercrime tools and techniques such as hacking, phishing, viruses, ransomware, malware, etc. Ø   Assess computer systems, software, and networks for any signs of vulnerabil...

Being a part of the complex global business landscape, registering the anticipated growth can be tough. The enterprises constantly struggle to match the international standards and practices in different areas and are, therefore, being pushed behind in the race. Fortunately, some experts lend helping hands through advisory services to guide these business owners. If you own an enterprise, here are the conditionswhen consulting these experts can help you sail smoothly. Project Management One good example is that of building smart city infrastructure, which is truly excellent and meets the social, economic as well as environmental pre-requisites. If your enterprise is participating in one such project, you can look up to a smart city project management consultant to: ·          Keep stakeholders, government authorities, and community on the same page ·          Deliver desired solutions within th...

Safeguarding physical assets and digital systems is not sufficient enough for businesses any more. An organisation, irrespective of its size and niche, must be ready to deal with the unforeseen and highly unpredictable situations that are potentially harmful for its reputation, profits, and overall existence. That’s why the importance of the experts offering forensic services  has increased largely in the past few years. Discover the circumstances for which these experts are needed to help your business stay ahead in the game. Employee Misconduct Businesses across the globe continue to face the risk of employee fraud. An employee with a criminal background or one that causes accounting fraud or gets involved in bribing may push your organization into a legal battleground. Through pre-employment screening as well as investigations, the business forensic experts can empower your position to handle the situation. New Ventures Gone Wrong Business expansion is a neces...

Digital transformation is not just a buzzword, it's a core concept of all businesses models today. In essence, digital transformation is the process of transitioning an entire business from an old, stale platform to a new digitally-efficient and exciting model. Are you aiming to digitalise your business model with cloud technology? Take a peek at our digital transformation services at @Grantthornton.in.