The global healthcare sector is focused on advancing medical care through continuous innovation and on maximizing access of this care to populations around the world. The rapid pace of change makes the healthcare maze complex to navigate and difficult to master. Organizations must constantly re-invent themselves so that they can live up to the expectation of making healthcare affordable and accessible. With its deep industry experience, technical know-how, and multidisciplinary teams, Nexdigm is well-equipped to assist organizations as they navigate the change. We ensure that businesses have the robust support that they need to look forward and Think Next!
Finance, Accounting and Business Processes
Contract Management
Global Payroll & Compliances
Customized Solutions
Operational Transformation
Data Analytics & Centers of Excellence (CoE)
Obtaining AEO T-1 certification for the client, providing him substantial benefits by improving the efficiency in Customs procedures at the time of imports and exports.
The implementation of GST brought our client under the ambit of Inverted Duty Rate Structure, i.e., the higher tax rate on inputs as compared to the tax rate on outputs which results into the massive accumulation of tax credits. Given the inverted duty structure, such accumulated tax credits would get accumulated in the long run not be utilized in the years to come. We represented this issue before the GST Council. An in-depth study was undertaken on the financial impact of the accumulation of ITC vis-à-vis the refunds, which would be available to the client as per the projected financial statements and the projected refund computations. A comprehensive document containing the arguments with tax computation tables was prepared and submitted in support of the client’s claim.
In the GoM meeting, crucial discussions on the multiple aspects of the return mechanism were held. The GST Council apprised us of the various returns models conceptualized and their key features. Based on our discussions during the meeting, we obtained feedback from our clients. Based on the client feedback and our analysis of the implications of the conceptualized returns system and the feedback received from our clients, we presented our view to the Goods and Services Tax Network (GSTN).
"We partnered with Nexdigm to help us transition into for what is known as the biggest change in which the business is conducted in the region. The expertise of Nexdigm team in the area of taxation is exceptional, with an in-depth knowledge of VAT impact on the business as a whole and their recent experience of driving another complex tax change in India, they helped us steer through the intricacies of VAT implementation.
We are happy with Nexdigm’s flexible and partnering approach towards work. They have demonstrated their belief in building long-term relationships and I look forward to work with Nexdigm."
Satish Cheemalakonda
Finance Business Partner Middle East & South Asia
Rolls-Royce Marine
“Our long term association with Nexdigm really helped us in complying with the SVB proceeding smoothly. The attention to detail helped us in collating the required information and maintaining robust documentation. The expertise and technical finesse in representing us before SVB authorities helped us in hassle-free closure of two separate SVB proceedings without any loading/demand.”
Sanjeev Motiyani
Executive Director - Finance & Logistics
Armstrong World Industries
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Reach out to us at ThinkNext@nexdigm.com
