Client Challenges
A client engaged in imaging equipment marketing activities approached PKC with the following issues:
- Owner is not available to supervise the Indian operations
- Indian business handled by a trusted person but not much experienced
- No proper guidance about the statutory compliances
- 7 different consultants handles 7 branches
- GST liability of Rs. 50 lakhs is raised
PKC Solutions
PKC helped the client with the following solution:
- Conducted detailed analysis of the GST liability & provided solutions to resolve it
- Complete hand holding for complying with the multiple enactments applicable to the Indian business
- Became single GST consultant to iron out GST complications across Pan-India
- Trained & empowered in house team
Results
- Saved client from paying the RS. 50 lakhs GST liability.
- Helped client to save finance cost of Rs. 4.1 lakhs
- Identified & accounted the unaccounted expenses of Rs 60 lakhs
- On-time statutory compliances
- Single contact point for all the GST complications
- Ease out the Indian finance operations to run without owner presence
