We at Dhruva are excited to share highlights from our recently held moot court on Direct Taxes.

This event showcased our commitment to continuous learning, professional development, and fostering a culture of excellence, as we run up to celebrate Dhruva@10.

The moot court provided colleagues at Dhruva an opportunity to polish their analytical skills, engage in legal debate, sharpen their representation abilities. As the participants delved into complex questions concerning direct taxation including international taxation, they had a platform to demonstrate their expertise, strategic thinking and court craft.

Notably –
Engaging scenarios: The moot case problem was crafted to reflect real-world challenges, pushing the participants to apply their knowledge and think critically.
Judges panel (Deepesh Chheda and Abhishek Mundada): Partners, provided insightful feedback and guidance to the participants.
Collaborative spirit: The competition fostered a spirit of collaboration and camaraderie among our team from various Dhruva offices.

Calling out all the participants who studiously engaged for this event and put-up outstanding performances.

At Dhruva, we believe in nurturing talent and promoting continuous professional growth. Events like the moot court are integral to our mantra of providing top-tier advisory services in the realm of taxation.

We at Dhruva are excited to share highlights from our recently held moot court on Indirect Taxes. This event showcased our commitment to continuous learning, professional development, and fostering a culture of excellence, as we run up to celebrate Dhruva@10. The moot court provided colleagues at Dhruva an opportunity to polish their analytical skills, engage in legal debate, sharpen their representation abilities. As the participants delved into complex questions concerning GST, they had a platform to demonstrate their expertise, strategic thinking and court craft.

Notably –
Engaging scenarios: The moot case problem was crafted to reflect real-world challenges, pushing the participants to apply their knowledge and think critically.
Judges panel: Partners, provided insightful feedback and guidance to the participants.
Collaborative spirit: The competition fostered a spirit of collaboration and camaraderie among our team from various Dhruva offices.

Calling out all the participants Vaibhav Jajoo, Urvi Kalani, Vaibhav Chawla, Neha Jain, Saurabh Sharma, Neelam Rani, Kiran Tahelani, who studiously engaged for this event and put-up outstanding performances.

At Dhruva, we believe in nurturing talent and promoting continuous professional growth. Events like the moot court are integral to our mantra of providing top-tier advisory services in the realm of taxation.

Ranjeet Mahtani, Partner at Dhruva Advisors was part of an illustrious panel in a webinar organised by PHD Chambers on January 31st, 2024. The webinar was an in-depth discussion on show cause notices under GST

Experts from the firm as well as other external key stakeholders of the fund ecosystem took a deep dive to disseminate information about setting up funds in GIFT City. Mr. Mihir Upadhyay, General Manager, IFSCA. Spoke on the overall aspects of “Regulatory Developments of Funds in GIFT City” while Vaibhav Gupta, Partner, Dhruva Advisors LLP spoke on “Structuring & Taxation” and Mr. Sameer Rastogi, Managing Partner, INDIA JURIS put forth the requirements for “Registration of Funds”

Any material business decisions and actions taken by organisations, such as implementing a business model, any expansion in India or overseas, diversification, acquisitions, restructuring etc, typically have significant direct and indirect tax implications. If not addressed or planned appropriately, it can pose a significant risk to the organisation in the form of detailed scrutiny and challenges from the revenue authorities, raising of huge tax demands running into hundreds and thousands of crores with a significant impact on the cash flows resulting sometimes into a survival issue for the organisation.

In the last few years, revenue authorities have become extremely aggressive in conducting proceedings such as investigations, searches, surveys etc in an attempt to unearth and tax the transactions which ostensibly in their view are in violation of any laws. Further, both the direct and indirect tax environment have witnessed radical new developments and significant tax litigations requiring the management of the organisation to be aware and keep pace with those developments and adapt their business models and processes.

As a Tax-centric advisory organisation, we hosted a breakfast meet “Tax Risks and Board of Directors” with a select group of independent directors, putting forth our thoughts on these recent developments, the changing tax landscape and tax proceedings as well as the resultant risk mitigation that boards and independent directors need to be aware of and re-calibrate.

The theme of this year’s conference was ‘Reshaping the International Tax Architecture in an Era of Multilateralism’. Dinesh Kanabar, CEO, Dhruva Advisors LLP led the discussion in the topical panel ‘Evolving Trends in Global Taxation’

The Pillar Two-GloBE Rules will be effective from FY 2024-25 and Indian headquartered groups will be impacted if they are present in any of the jurisdiction which has enacted the GloBE Rules. The application of these rules may lead to additional tax exposure in addition to the compliance burden. To shed further light on this and to provide insights, Dhruva Advisors hosted an engaging roundtable, providing an overview of the Pillar Two-GloBE Rules. Clients engaged with our experts and this roundtable became an excellent opportunity for clients to address queries or concerns that they had regarding this new international tax framework.

Dhruva Advisors LLP hosted a ‘Budget Analysis Session on the Union Budget 2023-24’ jointly with the Indian Chamber of Commerce (ICC) at Kolkata on February 02, 2023. The discussions included tax experts from Dhruva, key industry analysts and distinguished economist. The speakers deliberated and interpreted the budget’s impact on both direct and indirect taxes in India. The session was very well received by the participants.

Dhruva Advisors in association with The Bengal Chamber of Commerce & Industry (BCC&I), organised a session on ‘Analysis of the Union Budget 2023-2024’ on February 02, 2023 in Kolkata and online. Mr. Dinesh Kanabar, CEO, Dhruva Advisors LLP and Mr. Aditya Hans, Partner, Dhruva Advisors LLP deciphered the Budget’s fine print on taxes and considered its industry-wide implications. The session also covered Economic and Industry Perspectives on the Budget followed by Panel Discussion on the Union Budget. The discussions included tax experts from Dhruva Advisors, key industry analysts and distinguished economist.

On February 1, 2023, the Hon’ble Finance Minister announced the last Full Budget prior to the national elections in 2024. As mentioned by the Hon’ble Finance Minister in her speech: “This Budget lays a futuristic ‘Amrit Kaal’ for women, youth and marginalised communities, big public investment for infrastructure guided by PM Gati Shakti, productivity enhancement, energy transition and climate action and financing of investments.”

Dhruva Advisors held an event wherein, senior professionals of Dhruva Advisors along with stalwarts under the tax, economy and industry provided a 360° analysis of the Budget proposal.

ASSOCHAM and Dhruva organised an E – Conclave on 4 years of GST on 9th July 2021 discussing the key developments under GST regime and suggested best practices that industry should adopt during & post COVID-19.

The issues that were covered included:

• The next 4 year- Key areas of expected disputes and what assesses can do to prepare
• The Journey so far- Special focus on Healthcare exemption in critical times
• Open House Session with Shri S K Rahman, Joint Secretary, GST Council to discuss the concerns of the Industry members

Dhruva Advisors LLP hosted an outreach programme garnering practical insights of ‘The Direct Tax Vivad se Vishwas Bill, 2020’ at Hotel Courtyard by Marriott, Ahmedabad on 6 March 2020.

Our Partners Mr. Vishal Gada and Mr. Sandeep Bhalla presented the topic. Several senior tax officials from the income-tax department also attended this programme and shared their views with the participants.

The programme was well received by the participants and concluded with exchange of thoughts amongst the attendees.

The Western India Regional Council of the Institute of Chartered Accountants of India organized a study course on multilateral instrument. The multilateral instrument provides a mechanism to modify bilateral tax treaties and incorporates BEPS treaty related measures. From an India perspective, the multilateral instrument enters into effect from April 1, 2020.

Prashant Bhojwani was the speaker at the above study course on the topic of “treatment of transparent entities as per multilateral instrument”

The Union Budget 2020-21 was presented by the Finance Minister on February 01, 2020 and the Government rolled-out many far-reaching changes in provisions, that were finely nuanced. However as always there is a need for the provisions to be carefully analysed, implications discussed and way forward evolved.

Dhruva Advisors hosted a Client Breakfast Seminar on Tuesday 04, 2020 at the Four Seasons Hotel, Mumbai, sharing an in-depth analysis by Dhruva’s Experts on our interpretation of the Union Budget 2020-21.

Dhruva Advisors LLP hosted a session on ‘Union Budget 2020-21 – Technical Discussion’ at Radisson Blu, Ahmedabad on 3rd Feb 2020. Our Partners – Vishal Gada and Niraj Bagri presented their thoughts on the key proposal of the Budget. The session was chaired by Shri Saurabh Soparkar, Senior Counsel who also shared his thoughts on the Budget. The session was followed by a discussion with eminent industry representatives who shared their views and perspective on the Budget and its likely impact on the Indian economy. The session was well received by the participants and concluded with exchange of thoughts amongst the attendees.

Dhruva Advisors LLP hosted a “Budget Analysis Seminar on the Union Budget 2020-21” jointly with the Indian Chamber of Commerce (ICC) at Kolkata on 4 Feb 2020. The discussions were led by Aditya Hans, Ranjeet Mahtani and Basant Gadhyan. Impact and opportunities emerging from the Budget were discussed and our speakers deliberated with the industry leaders on practical considerations, insights and challenges on the proposed amendments. The session was very well received by the participants.