Shikha Parmar

Shikha Parmar, Senior Consultant, JSA

Shikha has over 10 years of diverse professional experience in handling Indirect tax, audit, accounts and general corporate financial affairs of various clients.

Prior to joining JSA, Shikha was an Assistant Manager with BDO India LLP. During her tenure at BDO India LLP, she was also seconded to BDO UAE for 6 months. Before joining BDO India LLP, she was an Assistant Manager at Grant Thornton India LLP. Shikha had also worked with Mazars Advisory Private Limited in the past.

Prior to joining consulting and law firms, Shikha was working as Senior Associate – Accounts and Finance with Khanna Paper Mills Private Limited.

She is actively involved in advising clients on India GST, Customs, Foreign Trade Policy, Special Economic Zones and legacy Indirect taxes and levies of India.

In the past she had also assisted clients on UAE VAT and GST lifecycle including impact assessment, strategizing optimum tax models, transition to VAT and GST regime and implementation support to clients from diverse sectors such as healthcare, manufacturing, retail trade and services, etc.

Her areas of expertise include advisory, policy advocacy, Indirect tax due diligences, health checks/ reviews, submissions and representations before government authorities, pan-India compliances, and tax audits.

 

Publications

  • Assisted in article “Export Incentives and upcoming schemes that exporters should look forth to”
  • Assisted in article “GST on contractual damages: Time for government to clear the air”.

 

Education

  • Masters of Business Administration (2009)
  • Bachelors of Commerce (2007)

 

Languages

  • English
  • Hindi
  • Punjabi

Some of the key assignments in these areas handled and being handled by Shikha amongst others, cover the following :-

  • alliant group – Evaluated feasibility of setting-up a unit in SEZ vis-à-vis STPI / DTA & advised on procedures, project report and other compliances required to be met for setting-up a unit in an SEZ in India
  • Redpine Signals India Private Limited – Advised on the procedure followed by the Company to transfer assets from Software Technology Park of India to Domestic Tariff Area
  • Chanel India – Advised on “Legal Metrology” laws for revision in MRP stickers on goods lying at a retail store
  • Mastech Digital India Private Limited – (a) Assisted in computation of benefits available under the SEIS, (b) Based on the same, prepared application for obtaining SEIS Scrips, liaised with DGFT authorities to obtain the SEIS Scrips, and (c) selling the SEIS Scrips in the open market
  • Rattan India Power Limited – (a) Advised on GST liability on ‘Liquidated Damages’ payable under Fuel Supply Agreement & Power Purchase Agreement, (b) Based on the advice, assisted the client in drafting letters to be issued to the fuel supplier and power purchaser
  • Tata Power Delhi Distribution – Advised on admissibility to claim ITC for procurements used to perform Electrification Works
  • Candi Solar Private Limited – Note on GST implications on Guaranteed Savings Contract
  • Zophop Technologies Private Limited – Advised on GST implications on business operations of the Company and on alternate structure to acquire buses / hiring field executives
  • Technomile LLC – GST implications on supply of software development and client-related services from India to outside India
  • Greystone Energy – Advised on GST implications on Bill-to-Ship-to model, Switch BL under Customs laws, and alternate transaction matrix to be adopted

 

Other key projects:

  • Assisted a Hospitality and Leisure company in (a) Drafting Writ Petition for filing before honorable High Court for quashing Show Cause Notice, and (b) Drafting reply to Show Cause Notice for filing before adjudicating authorities
  • Advised a foreign law firm on GST implications on lease of facility & machinery, land & building by a Joint Venture formed by one of its client company in India to another newly formed entity, i.e., NewCo and supply of goods by NewCo to the Joint Venture
  • Advised a rail manufacturing company on Customs and GST implications on proposed manufacture and supply of railsets in India
  • Advised an IT and IT-Enabled services provider company on various issues relating to business / employee / assets transfer from STPI / SEZ / DTA to STPI / SEZ / DTA and change in shareholding of SEZ / STPI unit
  • Advised an electricity generating company on GST implications on sub-contracting construction, operation and maintenance of Dedicated Transmission Lines to its subsidiary/ another Special Purpose Vehicle
  • Advised an E-Commerce Operator on GST implications on business operations in relation to E-Commerce, OIDAR, TCS, etc.
  • Advised an automobile manufacturing company on GST and Customs implications on various transactions involved under business transfer
  • Advised a bakery foods manufacturing company in India in analyzing Share Holding Agreement, Share Purchase Share Sale Agreement, Employment Agreements to advise if “Non-Compete” clause would attract GST and advising alternate business model
  • Advised software development and marketing companies in India on GST implications on agreements executed with their respective foreign parent entities specifically in relation to “intermediary” services, import of services, etc.
  • Advised a renowned beverages manufacturing company on GST implications on “Settlement Agreement”
  • Advised a software development company in India in transferring assets relating to Intellectual Property developed in India to a company outside India
  • Indirect tax due diligence of a media company
  • Assisted in legal due diligence of a software development company in relation to GST registration, IEC registration, and requirement of obtaining non-STPI registration and filing SOFTEX forms
  • GST implications on director services, transfer of property, registration under Legal Metrology to import goods, etc.