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India's Union Budget 2012-13: A Comprehensive Analysis by Ernst & Young


Product Code - TMA88
Speaker(s): KT Chandy and Vivek Pachisia, Ernst & Young
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 According to Economic Outlook 2011-12, the Government of India pegged India's GDP growth at 8.2%, and the economy continues to grow steadily despite high inflation and a drop in industrial growth. During this time there have been a number of developments in tax litigation that have added clarity on some outstanding issues, while raising ambiguity on others.

Now the business world waits in anticipation of pending key tax policy reforms such as the Direct Tax Code (DTC) and a Goods & Services Tax (GST). On March 16, the Government of India will release announcements regarding direct and indirect tax in its Union Budget 2012-13. Four days later, leading tax experts from Ernst & Young will analyze these announcements in depth for Bloomberg BNA audiences.

This live webinar will:

  • Discuss Direct Tax announcement (with its significant impact on corporate and international tax)
  • Analyze Indirect Tax announcement
  • Detail significant sectoral analysis

This webinar will provide a conceptual understanding and practical application of the new budget. Attendees will:

  • Understand the impact of Union Budget 2012 on their business
  • Understand and recognize key business challenges that any announcement may carry
  • Recognize emerging tax & policy trends/reforms

KT Chandy and Vivek Pachisia, Ernst & Young

 KT Chandy is a Partner with Ernst and Young’s Tax and Regulatory Services practice, and associated with the Technology, Communications and Entertainment Business Unit in India. KT joined Ernst & Young in 2002, and is currently based out of the Bangalore office. He is a Commerce graduate from the University of Mumbai and a Member of the Institute of Chartered Accountants of India, specializing in:

  • Merger and acquisition tax
  • Inbound and outbound investment structuring
  • International tax and transfer pricing
  • Tax controversy and litigation
  • Tax planning, strategy and compliance
  • Regulatory support

Vivek Pachisia is a Partner with Ernst & Young, leading the Indirect tax practice in Bangalore, India. He is a Chartered Accountant - registered as a Fellow member with the Institute of Chartered Accountants of India and is also a Commerce Graduate from the Bangalore University in India. Vivek joined Ernst & Young in 1999 and specialises in the areas of Commodity Taxation (VAT / GST), Service Tax, Foreign (Export-Import) Trade Policy, Customs and Central Excise laws.

Mr. Pachisia has been a regular speaker at tax conferences and international forums on indirect tax issues and doing business in India and has written various articles on Indirect Tax related issues, budget related article and articles on proposed GST implementation in India.