KNAV India

Acquisitions serve as a powerful business strategy to enter new markets, add new products or technologies, or gain efficiency through scale. Several companies across the globe use M&A as a tool for growth. With key acquirers dominating the M&A market at present, significant deal volumes with high values are expected to continue well into 2023.

Do M&A’s always result in value accretion? To know more about the value of your company and what it might achieve in today’s M&A market, get in touch with Rajesh Khairajani or Anand Shah

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The overall revenue of top 16 Indian companies increased by 30.6% compared to the year before with major growth driven by players in the energy, materials and utilities industry.

Did you know combined the top 16 Indian companies generated more than ₹56,00,000 crore (₹56 trillion) in revenue in the last twelve months? Notably, that is approx. 35.8% of India's Gross Domestic Product for 2022.

Despite major geopolitical and financial headwinds, Indian M&A activity in YTD 2022 (Jan to Sept) has been resilient. With 538 deals totalling a transaction value of INR 577,424 crores, M&A in YTD 2022, India outperformed YTD 2021 by 14% rise in deal volume and a spike of 284% in terms of deal value driven by a handful of high value deals top two being the merger of HDFC and HDFC bank and acquisition of Sembcorp Energy. M&A megadeals in sectors such as information technology, renewable energy and finance reflected the continued interest in consolidation.

For more information, get in touch with Rajesh Khairajani

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India GST update: Exemption on services by way of transportation of goods from India to outside India is not extended after September 30, 2022. Hence, GST would apply on such service from October 1, 2022. To mitigate payment of GST on such transportation services, the exporter of goods may have re-look its arrangement for such transportation services. The exporter of goods is, however, eligible to claim input tax credit of GST paid.

For more information, get in touch with Uday Ved or Amitabh Khemka

Indian GST - Amendments effective from October 1, 2022

India GST update: On-line gaming

The Ministry of Corporate Affairs (MCA) via notification dated 15th September 2022, has amended the Companies (Specification of Definition Details) Amendment Rules, 2022, thus revising the definition of Small Company.

We are elated to announce that KNAV Tax is now ITR’s World Tax ‘Tier 4’ firm in India. Congratulations to the team and thank you to everyone who supported us in making this possible! International Tax Review

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Did you know ‘Decacorn’ is a company valued at over $10 billion, and a ‘Hectocorn’, valued at over $100 billion?

As of YTD 2022, Flipkart, BYJU’s and Swiggy are the only Indian companies that are part of the elite club of Decacorn.

Can you guess the latest entrant from the above list?
Hint – It’s an E-Commerce Logistics company