Information technology (IT) and IT enabled services (ITeS)

Information technology (IT) and IT enabled services (ITeS)

Our service offerings for the IT and ITES industry

India is regarded as the back office of the world owing mainly to its IT and ITES industry. The sector in India grew at a Compound Annual Growth rate (CAGR) of 15 per cent over 2010-15, which is 3-4 times higher than the global IT-ITES spend, and is estimated to expand at a CAGR of 9.5 per cent to US$ 300 bn by 2020.  India is also the world's largest sourcing destination for the information technology (IT) industry, accounting for approximately 67 per cent of the US$ 124-130 bn market.

Opportunities and Challenges:

The changing economic and business conditions, rapid technological innovation, proliferation of the internet and globalization are creating an increasingly competitive environment. The role of technology has evolved from supporting corporations to transforming them. Global companies are increasingly turning to offshore technology service providers in order to meet their need for high quality and cost competitive technology solutions.

We understand that being in the IT and ITES industry, your company can encounter a wide variety of risks and challenges in their endeavor to create and maintain a seamless, successful, sustainable and scalable business. Some of the challenges faced include:

  • Ability to create and maintain a truly world class proven global delivery model which would allow your organization to provide services to customers on a best shore basis. This would require round the clock execution capabilities across multiple time zones, access to a large pool of highly skilled technology professionals and a knowledge management system to reuse solutions where appropriate
  • Develop and expand a strong, comprehensive, best in class end to end solutions and service offerings in order help your clients gain market differentiation or competitive advantage and thus capture a greater share of your client’s technology budgets
  • Ability to scale when the opportunity arises. This would require constant investment in infrastructure and rapidly recruit, train and deploy new professionals
  • Manage revenue and expenses during economic downturn, enhance your organization’s capacity to withstand pricing pressures, commoditization of services and decreased utilization rates
  • Manage exchange rate volatility and counter party risk in treasury operations
  • Expand your client list across business verticals to reduce over dependency and risk of losing substantial market share
  • Maintain superior and sophisticated project management methodology in line with global quality standards and ensure timely, consistent and accurate execution to achieve highest client satisfaction
  • Ensuring successful integration of inorganic growth opportunities that your organization may undertake from time to time across geographies

How we can help

Some of the key services being offered to this industry include:

  • Internal and management audits
  • Enterprise risk management (ERM)
  • Information system audits
  • Corporate advisory
  • Financial due diligence and structuring services
  • Tax and regulatory services

Advantage RSM:

  • RSM in India is consistently ranked amongst India’s top six accounting and consulting groups and globally RSM is the seventh largest audit, tax and consulting network
  • To meet our clients’ challenges, our IT and ITES practice teams have honed the means and resources to assist both established and emerging enterprises alike to succeed in dynamic markets
  • RSM in India caters to some of the leading IT and ITES companies having global presence across the US, UK and South East Asia
  • Our professionals have the necessary vision, experience, industry insights and innovative approaches to provide clear and practical advice to companies in this sector to help them navigate in markets that are rapidly consolidating
  • Extensive experience in advisory, taxation and accounting matters across various functions, sectors and geographies
  • Multi-disciplinary team of professionals comprising of Chartered Accountants, MBAs, Engineers, Company Secretaries, CISA / DISA, Cost Accountants and Law graduates

Newsflash - 49th GST Council Meeting’s Outcome

23 February 2023
The GST Council, headed by Union Finance Minister Smt. Nirmala Sitharaman conducted its 49th meeting on 18 February 2023 at New Delhi. The key recommendations made by Council are encapsulated in the newsflash.  

India Budget 2023 - Publication

2 February 2023
India Budget 2023 - Publication We are pleased to enclose herewith our publication viz. 'India Budget 2023 – Highlights' wherein we have analysed the Union budget tax and other Regulatory Proposals announced on 1st February 2023.

Join our Webinar where we will demystify the Budget proposals

1 February 2023
The union finance minister has presented the budget proposals on 1st February 2023 which would provide for the fiscal and tax roadmap for the year ahead.

2023 Pre Budget: Will Salaried individuals get relief this year?

1 February 2023
2023 Pre Budget: Will Salaried individuals get relief this year?  

Union Budget 2023 Wishlist: Corporate Taxation

1 February 2023
Union Budget 2023 Wishlist: Corporate Taxation  

Union Budget 2023: Pre Budget Wishlist Gems & Jewellery (G&J) Industry

30 January 2023
Union Budget 2023: Pre Budget Wishlist Gems & Jewellery (G&J) Industry  

Budget 2023: Income tax changes that professionals, small businesses want

30 January 2023
Budget 2023: Income tax changes that professionals, small businesses want  

2023 Union Pre-Budget Wishlist: Personal Tax

30 January 2023
023 Union Pre-Budget Wishlist: Personal Tax  

Budget 2023 – Pre-Budget Expectations on Indirect Taxes

23 January 2023
Budget 2023 – Pre-Budget Expectations on Indirect Taxes Sector-specific expectations:

2023 Union Budget Wishlist: Senior Citizens

16 January 2023
India is the second most populated country in the world after China with an approximate population of 1.39 billion. Out of this, approximately 10.36% are aged 60 years or above i.e. ~ 144 million constituting a substantial part of the Indian demography and thus significantly driving the growth of the country.  

2023 Union Wishlist: Salaried Taxpayers

16 January 2023
There are more than 80 million taxpayers in India and of which besides corporates, salaried class taxpayers form a significant chunk. The annual budget exercise is one of the keenly awaited regulatory announcements by the salaried class as any reliefs / deductions or changes in tax rates directly impacts their finances and budget.

Summary of Recent Circulars issued under GST

11 January 2023
In accordance with the recommendations made by the GST Council in its 48th meeting, Central Board of Indirect Taxes and Customs (CBIC) has issued several clarificatory circulars on prevalent issues under GST.  

UAE releases Federal Decree on Taxation of Corporations and Businesses

11 January 2023
United Arab Emirates (‘UAE’) has issued the Federal Decree-Law No. 47 of 2022 on the taxation of Corporations and Businesses in December 2022 and which would be effective from period commencing on or after 1 June 2023.

Newsflash: Central Government brings into force the changes notified under CGST Act 2017 vide Finance Act 2022 with effect from 1 October 2022

11 January 2023
The Central Board of Indirect Taxes and Customs (CBIC) vide Central Tax Notification No. 18/2022 – C.T. dated 28 September 2022 seeks to bring into effect the changes made under the CGST Act, 2017 through the Finance Act, 2022 and to be made effective from 1 October 2022.

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