RSM India

Consulting services

Tackling your business challenges through consultancy and collaboration

We provide specialist consulting services to support your business in India in the short, medium or long term. Combined with our vast sector and service expertise, the key to our consultancy style is partnership; we’ll work to understand the challenges that your business is facing, then bring on board our local and global experts to provide the precise business consultancy support you require.

 

Our business consulting services

Our consultancy support in India includes but is not limited to:

  • Operations consulting: RSM’s operations business advisory specialists can help you increase operational effectiveness and efficiency to gain a competitive advantage. Our operations consulting services yield better utilisation of resources, increased productivity and greater customer satisfaction.

Let us assist in developing your operations strategy and managing its implementation.   

Our capital market consultancy services can support you in multiple respects; from guiding the structuring of your organisation in preparation for accessing capital markets, to determining the suitable financial instruments with which to do so. 

  • Energy and sustainability consulting: Our specialist team in India can provide strategic, technical and financial business advisory services to reduce your organisation’s environmental impact and improve its sustainability.

Our energy and sustainability consulting services include enabling you to manage compliance and reputational risks and report on sustainability standards.

  • Executive search and HR solutions: RSM is a member of the International Executive Search Network and has successfully handled over 10,000 executive professional placements from our multiple office locations across India.

Our executive search and HR business consulting specialists can support your organisation with board consulting, cross-border recruitment, leadership assessment and much more.

 

Why choose RSM for business advisory services in India?

  • Global and local: RSM is the seventh largest global audit, tax and consulting network and is consistently ranked amongst India’s top six accounting and consulting groups
  • Collaborative: We share skills, insight and resources as an integrated team, as well as a client-centric approach that’s based on a deep understanding of your business
  • Diverse: We boast a multi-disciplinary team of professionals comprising of chartered accountants, management graduates, engineers, IT, secretarial and legal professionals, cost accountants, doctorates and social scientists
  • Synergetic: Our breadth of services allows for regular involvement of our experts from other service domains to consult on your various issues
  • Flexible: Our extensive experience of consultancy support in India spreads across various functions, sectors and nationalities

For more information on how RSM can assist you with consulting services, contact us today.

Newsflash Covid-19 Advisory - Operational Guidelines Post Lockdown

20 May 2020
The Covid-19 virus has spread havoc and in India, we have been under 3 lockdowns with gradual relaxations from 25 March 2020 to 17 May 2020. As the lockdowns are gradually lifted, it is evident that the problem is not going away and we will have to live with the virus for some time and continue the business and personal lives with extreme safeguards.

Newsflash on Aatmanirbhar Bharat - Reliefs for Businesses including MSMEs and Labour - Part-I and II

20 May 2020
In view of the on-going economic crisis caused by Covid19 pandemic, on 12 May 2020, the Hon’ble Prime Minister announced a Rs 20-lakh-crore stimulus package (including the package earlier announced), equivalent to about 10% of India’s GDP, aimed at making the country self-reliant (Aatmanirbhar Bharat) and reviving the stalled economy.

White Paper - Analysis of GST Implications on Real Estate Sector in India

13 May 2020
Taxability of Construction activity under indirect taxes has always been challenging and prone to litigation.

Newsflash - Employees Guidance on New vs Old Tax Regime for Individuals - April 2020

29 April 2020
With respect to individual taxation, the Finance Act 2020 has introduced  new taxation regime for Individuals / HUFs (exercisable at their option), which provides for reduced slab rates if no specified deductions are availed by the taxpayer.

Newsflash on Reducing Direct Tax Exposure & Litigation - Vivad Se Vishwas Scheme, 2020

29 April 2020
The government has brought in tax litigation settlement scheme for direct tax matters referred to as “The Direct Tax Vivad Se Vishwas Act, 2020 (VSV Scheme)”. Due to Covid-19, the initial window for making application has been extended from 31 March 2020 to 30 June 2020 and it may be prudent for businesses to analyse  the VSV scheme and thereafter make informed dec

White Paper: Analysis of Impact of COVID-19 on Transfer Pricing

29 April 2020
The impact of COVID-19 outbreak and the subsequent restrictions on economic activity on account of lockdowns have been profound. Economies and markets have been hit by the COVID-19 outbreak, and businesses are making contingency plans to ensure their operations continue.

Newsflash on Covid-19 Advisory - Operational Guidelines Post Lockdown

29 April 2020
Despite most organisations hoping to resume business from April 15, 2020, i.e. after 21 days of nationwide lockdown, considering the ongoing mayhem caused by the Corona Virus 2019 (COVID-19), it was not surprising that the Central Government has decided to extend the lockdown till May 3, 2020.

Newsflash on Revised FDI policy for restricting investment by neighboring countries due to covid-19

22 April 2020
The government has recently issued a press note, whereby investment from neighboring countries with which India shares a border has been restricted and any future investment is permissible only through the government route. This measure has been taken by the government  due to the current Covid-19 pandemic.

Newsflash on Employer's Obligations under Payment of Wages & Other Labour Law during COVID Crisis

20 April 2020
The entire world including India has been tormented by the novel corona virus Covid-19. The World Health Organization (WHO) has declared it as a pandemic on 11 March 2020 and it represents the biggest global Health, Economic and Financial challenge in recent memory.

White Paper on GST Implications for FMCG Industry

15 April 2020
The FMCG sector has been one of the engines of growth in India and is poised to become the fourth largest sector in the Indian economy. Also, the FMCG industry is one of the most regulated industry and there are various regulations and food safety and product safety standards that are applicable to it.

Note on Force Majeure in Times of Covid-19

15 April 2020
In present circumstances, given the various disruptions in the business and economic infrastructure caused by the COVID-19 pandemic, where contractual obligations of parties to an agreement may be disrupted, delayed, or even outright terminated (as may be provided in the respective agreements), it is essential to have a look at the ‘Force Majeure’ clause.

Newsflash on Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020

15 April 2020
In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the government has brought in an Ordinance on 31.03.2020 called “The Taxation and Other Laws (Relaxation of

Research Paper: Key Financial Reporting Implications of COVID-19 and Possible Approaches

14 April 2020
The Coronavirus (COVID-19) has been rightly described as an unprecedented Human, Economic and Financial Crisis facing the world. This pandemic has resulted in widespread economic uncertainty and disruption of businesses. COVID-19 has and will have far reaching implications on financial reporting.

Newsflash - Clarification on Extended GST Tax Timelines due to Covid-19

14 April 2020
The Central Board of Indirect Taxes and Customs has issued a circular, clarifying certain issues with respect to last dates for compliances under GST law. The highlights are as under:

Newsflash - CBDT Orders us 119 and Related Clarifications issued on 31 March, 3 April and 9 APril 2020 on Issuance of Lower NIL RATE TDS TCS Certificates

14 April 2020
The The CBDT has released a series of order under Section 119 and clarification with respect to ambiguity surrounding the issue of Lower Rate / Nil Rate certificates for Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) under the provisions contained in Section 195, 197 and 206C(9) for FY 2020-21 & FY 2019-20.

Newsflash on Notified Relief Measures under GST due to Covid-19

8 April 2020
The Government has issued various notifications, giving effect to relief measures recommended by Ministry of Finance vide Press Release dated 24th March 2020 in response to spread of COVID-19. The highlights as under:

Newsflash on Clarification related to GST refund

8 April 2020
The Central Board of Indirect Taxes and Customs (‘CBIC’) has issued a circular clarifying various GST refund related issues and the highlights of the same is as under:

Newsflash - Significant Amendments to Finance Bill 2020 passed by Lok Sabha - March 2020

27 March 2020
The Finance Bill 2020 has been passed by the Lok Sabha on 23 March 2020 and also duly returned by the Rajya Sabha. There were significant changes made to the original Finance Bill 2020 which was introduced in the Lok Sabha on 1 February 2020.

Newsflash on Statutory and Regulatory Compliances -Relief Measures on account of COVID-19

27 March 2020
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors.

IT department may ask NRIs to explain 'bloated' income

26 March 2020
IT department may ask NRIs to explain 'bloated' income   Read RSM India views on how IT department might ask for ‘bloated’ income, EconomicTimes.com Click here to  readmore...

The New and Old Income Tax Regimes for India's taxpayers

26 March 2020
The New and Old Income Tax Regimes for India's taxpayers   Outlook Money’s Cover Story explores the New and Old Income Tax Regimes for India’s Taxpayers. Read more for views by Dr. Suresh Surana, Founder, RSM India.

The best ways to avail a personal loan despite having a low credit score

26 March 2020
The best ways to avail a personal loan despite having a low credit score In Outlook Money magazine, February 2020 issue, Dr. Suresh Surana, Founder, RSM India, summarises some of the best ways to avail a personal loan despite having a low credit score.

The best ways to avail a personal loan despite having a low credit score

20 March 2020
The best ways to avail a personal loan despite having a low credit score In Outlook Money magazine, February 2020 issue, Dr. Suresh Surana, Founder, RSM India, summarises some of the best ways to avail a personal loan despite having a low credit score.

Have outstanding tax payable? Opportunity to save interest, penalty till March end

20 March 2020
Have outstanding tax payable? Opportunity to save interest, penalty till March end Dr. Suresh Surana, Founder, RSM India, discusses ‘ The Direct Tax Vivad Se Vishwas Bill, 2020’, and more, in Financial Express.

THE CFO’s Tax Checklist – Budget Proposals 2020

20 March 2020
THE CFO’s Tax Checklist – Budget Proposals 2020 Exclusive on ETCFO.com, Dr. Suresh Surana, Founder, RSM India discusses the significant measures taken in the Union Budget 2020, and the recent corporate tax overhaul, that need careful consideration by CFO’s

Queries NRIs have before they buy Indian property

20 March 2020
Queries NRIs have before they buy Indian property Common queries of NRI homebuyers answered on Livemint.com by Dr. Suresh Surana, Founder, RSM India Click here to readmore..

What Budget 2020 has for you?

20 March 2020
What Budget 2020 has for you?   Business Today’s Cover Story discusses the most important proposals that will have an effect on your personal finance. Click here to read more..

How to save tax without fresh investments in FY 2019-20

17 March 2020
How to save tax without fresh investments in FY 2019-20 In this exclusive article on EconomicTimes.com Dr. Suresh Surana, Founder, RSM India explains how a taxpayer can save tax without fresh investments in FY 2019-20

GST

12 March 2020
SOP to be followed by Exporters Standard Operating Procedures (SOP) for exporters are designed to mitigate fraudulent cases of availing refund of Integrated Goods and Services Tax (IGST) paid through  ineligible  Input Tax Credit (ITC) which are  claimed on the basis of fake invoices.

Significant Highlights of The Direct Tax Vivad Se Vishwas Bill, 2020

19 February 2020
In order to reduce litigation in indirect taxes, the government had in 2019 brought in the “Sabka Vishwas (Legacy Dispute Resolution) Scheme”, which received a good response. This scheme for settlement of indirect tax litigation had resulted in settling over 1,89,000 cases.

White Paper: Optimizing Supply Chain Cost - Export and Import Logistics

30 January 2020
We are pleased to release our White Paper on "Optimising Supply Chain Cost- Export and Import Logistics" for your reference.

Budget 2020: Industry expects amnesty scheme for direct tax disputes

30 January 2020
Dr. Suresh Surana, founder, RSM India shares his views on the 'Sabka Vishwas Scheme.' Budget 2020: The Sabka Vishwas Scheme launched last year for resolution of indirect tax disputes fetched the government over Rs 35,000 crore after it resolved 1.61 lakh cases involving over Rs 80,000 crore tax dues

HOW TO SAVE TAX: Tips for smart tax planning in Money Today magazine's cover story (to appear in the Feb 2020 issue)

30 January 2020
HOW TO SAVE TAX: Tips for smart tax planning in Money Today magazine's cover story (to appear in the Feb 2020 issue).   Read here for views by Dr. Suresh Surana, Founder, RSM India www.rsmindia.in

India deposits instrument of ratification of MLI with OECD

15 December 2019
Post approval of ratification of MLI by India, the instrument of ratification along with the list of reservations to the MLI provisions and list of covered tax agreements was deposited with OECD on 25th June, 2019.  So far, 89 jurisdictions have signed the MLI, out of which 28 countries including India have already ratified this convention.

Union Cabinet approves the Proposal to Amend the Insolvency and Bankruptcy Code

15 December 2019
The Union Cabinet has on 17th July, 2019, approved the proposal to introduce a Bill in the Parliament to carry out 8 amendments to the Insolvency and Bankruptcy Code, 2016 (‘IBC’).

Pharma and Lifesciences Industry – Certain Tax, Regulatory and Governance Aspects

7 February 2019
The pharmaceutical industry in India ranks 3rd in the world in terms of volume and 14th in terms of value according to Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers. Indian drugs are exported to more than 200 countries in the world, with the U.S. as the key market.

RSM India White Paper - Risk Management in E-Wallet Companies

29 January 2019
“In today’s digital world, money is being substituted by its digital form and stored in Electronic Wallets or E-Wallets. In India, the concept of E-wallets saw a significant surge owing to demonetisation which took place in 2016.

RSM India White Paper - Optimising Supply Chain Cost - Road Transportation

9 January 2019
We are pleased to release our White Paper 'Optimising Supply Chain Cost- Road Transportation.'

Newsflash - Introduction of Legal Identity Identifier Number for OTC Derivatives Market Participants - RSM India Newsflash

20 July 2017
The Reserve Bank of India had issued a Notification dated 1st of June 2017 “Introduction of Legal Entity Identifiers for OTC derivative markets” (RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17)” which requires creation of LEI (Legal Entity Identifier) number for participating into OTC Derivative market for all entities.

Newsflash: Companies Act, 2013 - Rotation of auditors for Private Companies

24 June 2017
Kindly find herewith our newsflash on the amendment to the Rule 5 of the Companies (Audit and Auditors) Rules, 2014 which specifies the companies to which provisions of section 139(2) of the Companies Act, 2013 (Rotation of Auditors) apply.

Overview of GST implications on Developers and Contractors - Concept Note

16 June 2017
The key highlights of this Concept Note on Overview of GST implications on Developers and Contractors include:

Are You GST Ready?

1 June 2017
Help Desk: For any query or assistance related to GST, reach out to us at  [email protected] .

Newsflash - Ongoing Cyber Attack 'WannaCry Ransomware' & Steps to Prevent

15 May 2017
In the newsflash we would like to mention certain steps to prevent such attacks in your organization. The malicious software behind the major cyber attack is known as ‘WannaCry’. Following are the synopsis of what you need to know about 'WannaCry', the malicious software behind the ongoing worldwide hacking attack  

Limited Liability Partnerships in India - The NewAge Business Vehicle

29 August 2016
The dynamic business environment we live in today calls for constant change and upgradation. In order to remain relevant, there is need for a business structure that appeals to business and service sectors alike with lesser restrictions and government intervention.

Newsflash - Radical changes in FDI policy regime

5 July 2016
Amidst the global slowdown, India has emerged as the frontrunner in attracting Foreign Direct Investment (FDI). In 2015-16, India received its highest ever FDI, which has given a big push to many key sectors including Railways, Defence, Insurance and Medical devices.

Newsflash - India and Mauritius sign protocol amending the tax treaty

11 May 2016
The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was signed by both countries today at Port Louis, Mauritius. The key features of the Protocol are summarized in this newsflash.

THE NEW AXIS OF FINANCIAL REPORTING - IND AS AND ICDS

4 April 2016
The publication 'The New Axis of Financial Reporting - Ind AS and ICDS' is prepared by RSM Astute Consulting Pvt. Ltd. (the Indian member of RSM) to provide readers a broad understanding of applicability of Ind AS and Income Computation and Disclosure Standards (ICDS) and some key differences with IFRS and Indian Standards.

White Paper - Income Computation and Disclosure Standards (‘ICDS’)

4 April 2016
The Central Government has notified 10 income computation and disclosure standards vide Notification No. 32/2015 dated 31 March 2015. The notified tax standards are likely to create a substantial impact in the approach and methodology of computing and offering the income to Income-tax.

White Paper - Base Erosion and Profit Shifting

23 March 2016
The integration of national economies and market has increased substantially in recent years putting a strain on the international taxes, which were devised many years ago.

Budget buzz on Dalal Street: Investors fear changes in STT, DDT, capital gains tax

17 February 2016
Views of Dr. Suresh Surana (Founder, RSM Astute Consulting) Government is committed to reducing litigation and has recently taken certain measures, such as setting up of tax simplification committee and acceptance of the judicial rulings in the case of Vodafone/Shell, etc. 

Budget Expectations 2016 – Corporate Taxes

17 February 2016
Article by Dr. Suresh Surana (Founder, RSM Astute Consulting)  

The REIT Way To Invest

18 January 2016
Real estate has always been the Indian investor’s preferred choice, even if it means investing in just a plot of land. The sharp rise in prices of both residential and commercial real estate over the past few years, however, has made investing in property a difficult proposition for most ordinary Indian investors.

Newsflash - Significant Changes effected under the Payment of Bonus (Amendment) Act, 2015

6 January 2016
The Government of India has notified the Payment of Bonus (Amendment) Act,2015 on 31 December,2015, which provides for the annual payment of bonus to employees of factories with 10 or more persons and  establishments employing 20 or more persons and such other establishments that may be notified by the appropriate government.

IND AS NOTES: Revenue / Income Recognition in the Software Sector - Key Changes in IND AS

6 January 2016
This article deals with changes under Ind AS that significantly affect the accounting of revenue by Indian software/technology (IT/ITeS) companies. In addition to revenue recognition, it also deals with recognition of investment income.

India - US Cross Border Business - A Guide to Indian Tax & Regulatory Aspects

23 November 2015
India is considered to be the fastest growing economy in the world, with an estimated growth rate of 7.3% for the current financial year 2015-16 inspite of uncertain global outlook.

Network security in the digital age

3 November 2015
Need for Network Security / IT Security and IT Systems Audit:  Majority of the businesses have invested heavily in IT. The purchase of IT or network equipment continues to be the largest category of industry spending for all types of capital equipment. Almost all IT applications are dependent on network for variety of basic business activities.

The Global Real Economy - analysis and business insights

22 October 2015
The Global Real Economy is a new bi-annual e-publication, which includes economic and other business insights to reflect the RSM network’s global reach and its ability to provide world-class audit, tax and consulting services to leaders of entrepreneurial, growth-focused companies around the world.

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