SBC- Steadfast Business Consulting

🚗✨ GST AAR Update: Input Tax Credits on Demo Cars 🚗✨ 📍 West Bengal AAR - M/s. Landmark Cars East Pvt. Ltd. 🔍 Brief Facts: Company sought clarity on ITC for demo cars of loss on sale of demo car from car manufacturer. 📊 Analysis: • ITC Ineligibility restriction u/s 17(5)(a)(A) is not applicable on demo cars as the same is used for further sale in future. • Loss on sale of demo car shall be treated as “toleration of an act” ⚖ Judgement: • ITC on demo cars is eligible. • Loss recovered from car manufacturer in relation to demo car sale is taxable under GST 💬 SBC Comments: • It is advisable for taxpayers to seek clarification through advance rulings as there are many favourable and unfavourable judgments with respect to ITC on demo cars. 💼 SBC Offerings in GST AAR: 1️⃣ Preparation of Advance Ruling Applications for diverse scenarios. 2️⃣ Filing Appeals to AAAR against unfavourable AARs. Stay compliant and informed with SBC’s expertise! 🚀 #GST #AAR #TaxCredits #AdvanceRulings #SBCLLP #TaxConsultant #BusinessGrowth #Compliance #TaxStrategy Team SBC CA Mithilesh Reddy | CA Balaram Vuchidi | NAVEENKUMAR KABRAA | Ravi Kiran Vadlamani | Balakrishnam Voruganti | Preeti Reddy | Bikash Prasad | Praneeth Narahari | CA Rishabh Agarwal | Rajesh Vaishnav | Anand Vemuganti | CA Rupesh Reddy | CA Srikanth Kolla | Krishna Tungam | Hari Krishna Pothulolla | CA Sasi Kumar | CA Harshith Reddy | V.Harsha Vardhan | Rahul Krishnamurthy | Gowtham Krishna Kanduri | Mohammed A. | SBC Tax Consulting LLC - SBC UAE

💱 It is well recognised that transfer pricing (TP) cannot be disregarded, regardless of the location of one's operations. Today, we will examine the historical progression, existing legislative structure, and emergent patterns that characterise Zambia's approach to Transfer Pricing (TP). 👉 Zambian Transfer Pricing Overview 📌 Historical Evolution and Current Regulatory Framework • Zambia's government initiated TP reforms in 2012 to streamline audits and set expectations. • In 2016, a dedicated TP Unit was established to expedite audit cases and address compliance challenges. • Zambia joined the Inclusive Framework on BEPS in 2017, committing to OECD and G20 standards. • Amendments in 2018, 2021, 2022, and 2023 fortified TP Rules, emphasizing the arm’s length principle, documentation, and country-by-country reporting. 📌 TP Compliance Obligations in Zambia • TP compliance obligations apply to both cross-border and domestic related party transactions. • Taxpayers are required to prepare documentation substantiating the arm’s length nature of controlled transactions for the relevant fiscal year. • Exemptions apply to companies whose annual turnover does not exceed the threshold of ZMW 20 million in any given fiscal year. • As of 1 January 2021, Country-by-Country Reporting (CbCR) for ultimate parent entities of a Multinational Enterprise (MNE) group tax-resident in Zambia was introduced. • The record-keeping timeframe for TP documents extends to over ten years, and failure to adhere to these regulations may result in penalties of up to 80 million penalty units, equivalent to ZMW 24 million. CA Sanjay Agarwal | CA Neha Agarwal | CA Vishal Thappa | Kartik Jindal | CA Mithilesh Reddy | Praneeth Narahari | Rajesh Vaishnav | Anand Vemuganti SBC Tax Consulting LLC - SBC UAE | SBC- Steadfast Business Consulting | Master Brains India #tax #transferpricing #zambia #india #alp #icai #charteredaccountant #ca #cpa #tp #linkedin

𝑺𝒕𝒂𝒓𝒕𝒊𝒏𝒈 𝒊𝒏 2025, 𝒕𝒉𝒆 𝑰𝒔𝒍𝒆 𝒐𝒇 𝑴𝒂𝒏 𝑮𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒑𝒍𝒂𝒏𝒔 𝒕𝒐 𝒊𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕 𝒂 𝑸𝒖𝒂𝒍𝒊𝒇𝒊𝒆𝒅 𝑫𝒐𝒎𝒆𝒔𝒕𝒊𝒄 𝑴𝒊𝒏𝒊𝒎𝒖𝒎 𝑻𝒐𝒑-𝑼𝒑 𝑻𝒂𝒙. Starting January 1, 2025, the Isle of Man Government intends to implement the Qualified Domestic Minimum Top-Up Tax (𝐐𝐃𝐌𝐓𝐓) with the goal to align with the OECD's Pillar Two initiative. This innovative measure ensures that multinational enterprises with annual turnovers exceeding €750 million will be obligated to pay a minimum of 15% tax on profits generated on the Island. The Treasury Minister, Dr. Alex Allinson MHK, emphasises the strategically important nature of this initiative, further demonstrating the Isle of Man's commitment to international tax standards and bolstering its position as a prominent financial hub. This proactive approach seeks to uphold the confidence of multinational enterprises in the Island's tax system while addressing global tax challenges such as base erosion and profit shifting. By carefully considering the potential implementation of an 𝐈𝐧𝐜𝐨𝐦𝐞 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 𝐑𝐮𝐥𝐞 and with a final decision expected later this year, the Isle of Man is demonstrating its commitment to becoming a leader in global tax compliance. Keep watching as the Isle of Man establishes a fresh benchmark in global tax reform. Special Thanks to Anand Vemuganti for directing the important things my way. CA Sanjay Agarwal | CA Neha Agarwal | CA Vishal Thappa | Kartik Jindal | CA Mithilesh Reddy | Praneeth Narahari | Rajesh Vaishnav SBC Tax Consulting LLC - SBC UAE | SBC- Steadfast Business Consulting | Master Brains India #taxation #tax #taxes #planning #taxation #taxlaws #internationaltax #transferpricing #charteredaccountant #dubai #recordkeeping #dubaibusiness #uae #india #consultingfirm #business #ca #finance #community #development #law #icai #event #networking #technology #isleofman #pillar2 #beps

💲Groundbreaking Win for South African Taxpayers! The Tax Court of South Africa issued a significant verdict on February 14, 2024, in the matter of SARSTC IT 14302 {ABD Limited Vs the Commissioner for the SARS}, establishing the country's inaugural TP case. 𝑪𝒂𝒔𝒆 𝑯𝒊𝒈𝒉𝒍𝒊𝒈𝒉𝒕𝒔: 📌 𝑻𝒉𝒆 𝒇𝒖𝒏𝒅𝒂𝒎𝒆𝒏𝒕𝒂𝒍 𝒑𝒓𝒐𝒃𝒍𝒆𝒎: 𝐀𝐫𝐦’𝐬 𝐋𝐞𝐧𝐠𝐭𝐡 𝐑𝐨𝐲𝐚𝐥𝐭𝐲: The primary issue at hand was the fairness of the 1% royalty rate that ABD imposed on its subsidiaries (Opcos) for its IP. 📌 𝑴𝒂𝒊𝒏 𝑷𝒐𝒊𝒏𝒕𝒔: 𝐒𝐀𝐑𝐒'𝐬 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧: Based on input from external experts, SARS contended that the royalty rate should be adjusted based on the specific jurisdiction and year, resulting in a substantial increase in the royalties. 𝐀𝐁𝐃'𝐬 𝐝𝐞𝐟𝐞𝐧𝐜𝐞: Relied on the CUP method, which involves using an internal transaction with a former subsidiary in Cyprus as a benchmark to justify the 1% rate. 📌 𝑪𝒐𝒖𝒓𝒕 𝒇𝒊𝒏𝒅𝒊𝒏𝒈𝒔: 𝐂𝐨𝐦𝐩𝐚𝐫𝐚𝐛𝐥𝐞 𝐈𝐏 𝐑𝐢𝐠𝐡𝐭𝐬: The court concurred with ABD's argument that the IP rights granted to the Opcos did not encompass goodwill. 𝐑𝐞𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐂𝐔𝐏: The judge determined that ABD's internal CUP method, involving a brand license agreement with a Cypriot subsidiary post-sale, is a solid benchmark. 𝐓𝐚𝐱 𝐌𝐨𝐭𝐢𝐯𝐚𝐭𝐢𝐨𝐧: The court observed that transferring earnings to the countries of the Opcos did not provide any tax benefit, so eliminating any allegation of undercharging. 📌 𝑰𝒏𝒕𝒓𝒊𝒈𝒖𝒊𝒏𝒈 𝑫𝒆𝒕𝒂𝒊𝒍𝒔: 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐢𝐞𝐬: ABD justified its rate by employing both the TPSM and the CUP method, but the court primarily examined the CUP method. 𝐒𝐀𝐑𝐒'𝐬 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐞 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡: SARS employed customer surveys as an alternative method to assess the brand's worth, but, the court deemed this technique unconventional and lacking in reliability. 𝑲𝒆𝒚 𝒕𝒂𝒌𝒆𝒂𝒘𝒂𝒚: This significant verdict highlights the crucial nature of comprehensive TP analysis and documentation. The establishment of a precedent highlights the importance of employing robust techniques compatible with the OECD standards to safeguard TP policies. The result is a significant development for South Africa's TP (transfer pricing) environment, and further instances may probably arise in the future. Stay tuned for more updates in the ever-evolving world of transfer pricing! CA Sanjay Agarwal | CA Neha Agarwal | CA Vishal Thappa | Kartik Jindal | CA Mithilesh Reddy | Praneeth Narahari | Rajesh Vaishnav | Anand Vemuganti | Riya Boodhram SBC Tax Consulting LLC - SBC UAE | SBC- Steadfast Business Consulting | Master Brains India #taxation #tax #taxes #planning #taxation #taxlaws #internationaltax #transferpricing #charteredaccountant #dubai #recordkeeping #dubaibusiness #uae #india #consultingfirm #business #ca #finance #community #development #law #icai #event #networking #technology #southafrica #sars

𝑼𝒏𝒅𝒆𝒓𝒔𝒕𝒂𝒏𝒅𝒊𝒏𝒈 𝒕𝒉𝒆 𝒎𝒐𝒔𝒕 𝒓𝒆𝒄𝒆𝒏𝒕 𝒖𝒑𝒅𝒂𝒕𝒆𝒔 𝒐𝒏 𝒕𝒓𝒂𝒏𝒔𝒇𝒆𝒓 𝒑𝒓𝒊𝒄𝒊𝒏𝒈 𝒊𝒏 𝒕𝒉𝒆 𝑬𝒖𝒓𝒐𝒑𝒆𝒂𝒏 𝑼𝒏𝒊𝒐𝒏 The European Parliament Research Service has highlighted ongoing efforts in the EU to harmonize transfer pricing (TP) regulations across member states. The aim? To establish a unified TP strategy by integrating core principles into EU legislation. Here's a summary of the proposed new EU TP regulation and its key points. 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐩𝐫𝐢𝐦𝐚𝐫𝐲 𝐨𝐛𝐬𝐭𝐚𝐜𝐥𝐞𝐬 1) Lack of Mandatory TP legislation: Presently, there is no obligatory TP legislation at the EU level; instead, the OECD TP guidelines function as non-binding suggestions. 2) Divergent Adoption of OECD Guidelines: It is not clear that a member state is adopting the latest OECD guidelines or any previous ones. (Static Vs Ambulatory) 3) Varied Definitions of Related Parties: Diverse interpretations of linked parties exist among EU member states, resulting in considerable ambiguity. (25% Vs 33% Vs 50%) 4) Complexity in Resolving TP Disputes: Resolving transfer pricing disputes is a laborious and resource-intensive procedure. 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐫𝐞𝐦𝐞𝐝𝐢𝐞𝐬 1) Standardized Definitions: The proposal seeks to establish consistent definitions for essential transfer pricing concepts to conform to OECD norms. 2) Unified Definition of AE: The proposed Article 5 establishes a unified definition of 'related enterprises' based on either a 25% ownership level or significant influence over the firm. 3) Recognition of TP Methods: Article 9(1) aims to integrate the five TP methodologies recognised by the OECD into EU law. 4) Standardized Documentation: The proposal seeks to establish uniform documentation standards for TP, which would include EU-wide templates and linguistic guidelines. 5) Arm's Length Range: The proposal recommends the use of an interquartile range to establish the arm's length range. 6) TP Adjustment: The proposed 'fast-track adjustment method' aims to accelerate related modifications within 180 days. 7) Rules for Adjustments: Articles 6 and 7 define the procedure for implementing matching and compensating modifications. 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐀𝐜𝐭𝐢𝐨𝐧𝐬 The EU's proposed regulations offer the promise of clearer and stricter transfer pricing guidelines compared to the OECD's. But, achieving this will require unanimous agreement in the Council, following consultations with the European Parliament and the European Economic and Social Committee. While this move towards standardized and stringent rules is a positive step for tax predictability, there's still a long way to go. #taxation #tax #taxes #planning #taxation #taxlaws #internationaltax #transferpricing #charteredaccountant #dubai #recordkeeping #dubaibusiness #uae #india #consultingfirm #business #ca #finance #community #development #law #icai #event #networking #technology #eu

Excited to announce Anand Vemuganti as our new #Tax #Technology #Partner at SBC- Steadfast Business Consulting. With his extensive experience in #transferpricing in regions such as #India, #MiddleEast, #Africa, and #America, we are confident in his ability to drive success for our clients. Coming from his earlier prestigious roles at #Big4s and in the industry, Anand's #expertise in #global transfer pricing will be invaluable in navigating the complexities of #international #tax regulations. Anand's joining SBC as its Tax Technology Partner is followed by his decade of experience in transfer pricing. SBC has earlier announced collaboration with TPI Lab, where Anand along with his team has played a pivotal role in the development of the TP Tool. With his profound #insights and #strategic acumen, we are poised to #pioneer new frontiers in tax technology, reaffirming our commitment to delivering exceptional service and staying at the forefront of industry #innovation. Join us in welcoming Anand!!! Team SBC- Steadfast Business Consulting & SBC Tax Consulting LLC - SBC UAE. CA Mithilesh Reddy | NAVEENKUMAR KABRAA | CA Balaram Vuchidi | Ravi Kiran Vadlamani | Balakrishnam Voruganti | Preeti Reddy | Bikash Prasad | Praneeth Narahari | CA Rishabh Agarwal | Rajesh Vaishnav | Anand Vemuganti | CA Rupesh Reddy | CA Srikanth Kolla | Vrinda Jaiswal | Hari Krishna Pothulolla | Krishna Tungam | CA Sasi Kumar | CA Harshith Reddy | V.Harsha Vardhan | Rahul Krishnamurthy | Gowtham Krishna Kanduri | Mohammed A. | Shaik Mohammad Rafa | SBC Tax Consulting LLC - SBC UAE #TaxTech #Consulting #BusinessConsulting #TransferPricingExpert #Taxation #GlobalBusiness #Consultancy #CorporateTax #InnovationInTax #BusinessDevelopment #TaxStrategy #TaxPlanning #InternationalBusiness #TaxAdvisory #TaxConsulting #CorporateConsulting #TaxTechSolutions #FinancialServices #EconomicAnalysis #StrategicPartnership #IndustryInsights #ClientSuccess #TeamCollaboration #ExpertiseInTax #TaxManagement #CorporateStrategy #IndustryLeadership #BusinessInnovation #GlobalConsulting #TeamWork #ProfessionalServices #TaxInsights

💼 𝐒𝐁𝐂 𝐓𝐚𝐱 𝐔𝐩𝐝𝐚𝐭𝐞!!! The Annual Information Statement (𝐀𝐈𝐒) is now even more crucial for taxpayers and the Income-tax department. It serves as the foundation for ITR processing and various tax proceedings. Despite efforts, errors can occur in AIS due to data quality issues from reporting organizations. The taxpayers can easily report incorrect information online by submitting a feedback. CBDT has now introduced 𝐚 𝐧𝐞𝐰 𝐀𝐈𝐒 𝐟𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥𝐢𝐭𝐲 𝐝𝐢𝐬𝐩𝐥𝐚𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐭𝐚𝐭𝐮𝐬 𝐨𝐟 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐟𝐢𝐫𝐦𝐚𝐭𝐢𝐨𝐧. Feedback sent to sources prompts corrective actions, reducing taxpayer burden and enhancing transparency. CBDT has issued a press release dated 13-May-2024. https://lnkd.in/gD3upXde 🔍 𝐀𝐈𝐒'𝐬 𝐟𝐞𝐞𝐝𝐛𝐚𝐜𝐤 𝐬𝐭𝐚𝐭𝐮𝐬 𝐰𝐢𝐥𝐥 𝐧𝐨𝐰 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥𝐥𝐲 𝐝𝐢𝐬𝐩𝐥𝐚𝐲 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠: - Whether feedback is shared for confirmation with the Source? - Date on which the same is shared with Source? - When did the Source respond? - Response of the Source In case of partial or full acceptance, the information is required to be corrected by filing a correction statement by the Source. The following attributes shall be visible to the taxpayer for status of Feedback confirmation from Source. 📝 𝐒𝐁𝐂 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲: This is a welcome step towards complete transparent system to tackle and reduce the burden of the taxpayers as well as income tax department. This will help in reducing administrative costs and also saving several man hours that can be invested for better. It is important that all the taxpayers actively look into details of AIS and get them corrected in a timely manner and utilize this function. We hope the above is useful and beneficial to our readers. Team - SBC- Steadfast Business Consulting CA Mithilesh Reddy | NAVEENKUMAR KABRAA | CA Balaram Vuchidi | Ravi Kiran Vadlamani | Balakrishnam Voruganti | Preeti Reddy | Bikash Prasad | Praneeth Narahari | CA Rishabh Agarwal | Rajesh Vaishnav | Anand Vemuganti | CA Rupesh Reddy | CA Srikanth Kolla | Vrinda Jaiswal | Hari Krishna Pothulolla | Krishna Tungam | CA Sasi Kumar | CA Harshith Reddy | V.Harsha Vardhan | Rahul Krishnamurthy | Gowtham Krishna Kanduri | Mohammed A. | Shaik Mohammad Rafa | SBC Tax Consulting LLC - SBC UAE #TaxUpdates #TaxCompliance #IncomeTax #AIS #CBDT #Taxation #BusinessUpdates #ConsultingServices #TaxServices #Transparency #FeedbackSystem #TaxpayerBenefits #TaxEfficiency #TaxPlanning #FinancialConsulting #TaxationExperts #TaxAdvisory #BusinessConsulting #TaxComplianceManagement #TaxManagement #FinancialServices #TaxLaw #TaxationLaw #TaxationConsultancy #TaxationAdvisory #TaxationExperts #india #international #business #compliance

Stay Compliant and Informed! 📆 Check out SBC’s Monthly Compliance Calendar for May 2024 and ensure a smooth regulatory journey ahead. #compliance #SteadfastUpdates #compliancematters #may #calendar #tax #consulting #india #business Team - SBC- Steadfast Business Consulting CA Mithilesh Reddy | NAVEENKUMAR KABRAA | CA Balaram Vuchidi | Ravi Kiran Vadlamani | Balakrishnam Voruganti | Preeti Reddy | Bikash Prasad | Praneeth Narahari | CA Rishabh Agarwal | Rajesh Vaishnav | Anand Vemuganti | CA Rupesh Reddy | CA Srikanth Kolla | Vrinda Jaiswal | Hari Krishna Pothulolla | Krishna Tungam | CA Sasi Kumar | CA Harshith Reddy | V.Harsha Vardhan | Rahul Krishnamurthy | Gowtham Krishna Kanduri | Mohammed A. | Shaik Mohammad Rafa | SBC Tax Consulting LLC - SBC UAE

Here is a brief introductory snippet from CA Srikanth Kolla who joined us recently at SBC- Steadfast Business Consulting for our Indirect Taxes Practice. Srikanth is a 𝐁𝐢𝐠 4 & 𝐓𝐢𝐭𝐚𝐧 𝐚𝐥𝐮𝐦𝐧𝐢 with over a decade of experience in the indirect tax arena - 𝐆𝐒𝐓, 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐓𝐚𝐱, 𝐄𝐱𝐜𝐢𝐬𝐞, 𝐂𝐮𝐬𝐭𝐨𝐦𝐬 & 𝐅𝐓𝐏 will be instrumental for our clients. Srikanth has a proven track record in advising clients across diverse industries on matters in all these areas. Srikanth has on hands experience in handling the multifaceted and ever-changing GST laws. - GST advisory, compliance & litigation - Secured GST refunds & represented clients before authorities - Conducted tax reviews & implemented automation for clients - Advised on tax structuring & prepared GST impact assessments He has played a key role in assisting in implementing VAT for clients in the Kingdom of Saudi Arabia. He also possesses a deep understanding of 𝐒𝐄𝐙 𝐚𝐧𝐝 𝐒𝐓𝐏𝐈 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬. He's well-versed in import processes and can help clients leverage benefits under 𝐭𝐫𝐚𝐝𝐞 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭𝐬 𝐥𝐢𝐤𝐞 𝐒𝐀𝐅𝐓𝐀 𝐚𝐧𝐝 𝐀𝐈𝐅𝐓𝐀. Srikanth's experience strengthens our tax & consulting offerings! #SBC #Tax #Consulting #IndirectTax #NewHire #india #GST #indirecttaxes #international #business #mne #mncs #mnc 𝐓𝐞𝐚𝐦 𝐒𝐁𝐂 CA Mithilesh Reddy | NAVEENKUMAR KABRAA| CA Balaram Vuchidi | Ravi Kiran Vadlamani | Balakrishnam Voruganti | Preeti Reddy | Bikash Prasad | Praneeth Narahari | CA Rishabh Agarwal | Rajesh Vaishnav | Anand Vemuganti | CA Rupesh Reddy | CA Srikanth Kolla | Vrinda Jaiswal | Hari Krishna Pothulolla | Krishna Tungam | CA Sasi Kumar | CA Harshith Reddy | V.Harsha Vardhan | Rahul Krishnamurthy | Gowtham Krishna Kanduri | Mohammed A. | Shaik Mohammad Rafa | SBC Tax Consulting LLC - SBC UAE

We welcome Mr. Ravi Kiran Vadlamani as the Consulting Partner at SBC- Steadfast Business Consulting, bringing over 25 𝐲𝐞𝐚𝐫𝐬 𝐨𝐟 𝐝𝐢𝐯𝐞𝐫𝐬𝐞 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞, 𝐬𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐳𝐢𝐧𝐠 𝐢𝐧 𝐩𝐮𝐛𝐥𝐢𝐜 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠, 𝐚𝐬𝐬𝐮𝐫𝐚𝐧𝐜𝐞, 𝐚𝐧𝐝 𝐚𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐟𝐨𝐫 𝐦𝐮𝐥𝐭𝐢𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐄𝐂-𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐈𝐬𝐬𝐮𝐞𝐫s. As the CEO and Founder Director of BE Sharp Consulting, he currently focuses on - Accounting standards implementation (US GAAP and IFRS) - Technical Accounting consulting and advisory - ICFR (COSO framework) - Financial statements preparation/review, and - Periodic report filing assistance. Ravi previously worked at Deloitte LLP in London, where he was part of the Global IFRS and Offerings Services (GIOS), contributing to international clients' public and non-public offerings in the U.S. and advising on IFRS adoption. With expertise in US GAAP, IFRS, and SEC regulations, Ravi has facilitated training sessions and participated in various technical accounting projects, including U.S. IPOs and secondary offerings. He has extensive audit experience covering PCAOB Standards, US GAAS, and ISA. Having served in London, New York, and Shanghai, Ravi is well-versed in the global nuances of business. Prior to his London secondment, he was a Senior Manager with GIOS in Hyderabad, India, with an additional role overseeing the Health Sciences and Government vertical at the External Audit practice for U.S. engagement teams. Ravi joined Deloitte & Touche following over five years in the Assurance practice at PricewaterhouseCoopers, supporting the Global Capital Markets Group (GCMG). We are happy to have Ravi onboard with us and look forward to leveraging his expertise for all our future engagements at SBC- Steadfast Business Consulting 𝐓𝐞𝐚𝐦 𝐒𝐁𝐂 CA Mithilesh Reddy | NAVEENKUMAR KABRAA| CA Balaram Vuchidi | Ravi Kiran Vadlamani | Balakrishnam Voruganti | Preeti Reddy | Bikash Prasad | Praneeth Narahari | CA Rishabh Agarwal | Rajesh Vaishnav | Anand Vemuganti | CA Rupesh Reddy | CA Srikanth Kolla | Vrinda Jaiswal | Hari Krishna Pothulolla | Krishna Tungam | CA Sasi Kumar | CA Harshith Reddy | V.Harsha Vardhan | Rahul Krishnamurthy | Gowtham Krishna Kanduri | Mohammed A. | Shaik Mohammad Rafa | SBC Tax Consulting LLC - SBC UAE #india #audit #assurance #financials #USGAAP #IGAAP #accountingstandards #accounting #implementation #technincal #US #UK #SEC #international #business #tax #transferpricing