Overview
The practice keeps the books of a Japanese company's Indian subsidiary to Indian requirements, and reports them to head office in Japan. The same team handles tax in India and across the border, and supports planning, financial control and transactions.
What we do
Books and reporting to head office
The subsidiary's day-to-day accounting, kept to Indian requirements, and its plans and results reported in a form head office can read.
- Bookkeeping, reconciliation, month-end and year-end closing
- Monthly and yearly financial statements
- MIS along with major financial KPIs
- Monthly cash-flow projection
- Annual budgets, forecasts, comparison with actuals and variance analysis
Tax in India
Registrations, returns and the assessments that follow, for the subsidiary as a taxpayer in India.
- Statutory registrations: PAN, TAN, GST and others
- Corporate tax, advance tax, withholding tax and other direct tax compliance
- GST and other indirect tax compliance
- Support in tax audits and tax assessments
Tax across the border
Where the subsidiary's tax reaches past India: dealings with the parent, staff posted from Japan, and goods that cross the border.
- Transfer pricing between the subsidiary and its parent
- Expatriate tax for staff posted from Japan
- Customs duties on imports and exports
- Import and export classification
CFO support and transactions
Strategic finance support for the subsidiary's management, and the financial and accounting side of a transaction and its integration.
- Virtual CFO and fractional CFO support
- Financial control, governance and cash-flow management
- Financial due diligence, M&A advisory and valuation support
- Finance function integration and finance-process optimisation
The practices it works with
- 01India entryPAN, TAN and GST registrations, and the accounting and tax side of acquisitions, are shared.
- 03RegulatoryState and industrial incentives and regulatory compliance support are handled together with Regulatory.
- 05HR and payrollIt runs payroll; the two teams meet where salaries reach the books and the withholding tax.
Next step
Not sure which practice you need?
Describe where the company is and what it is trying to do. The firm will say which practice, or which combination, fits.
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