Mumbai, Maharashtra, India
With the merger, N. A. Shah Associates establishes itself as a unique service provider, combining its existing practice area with N. K. Sheth & Company’s Indirect Tax capabilities
N. A. Shah Associates, a boutique advisory firm having recently completed 50 years in the field of Direct Tax, Audit and Business Advisory services today announced the merger of N. K. Sheth & Company, with N. A. Shah Associates. Established in 1982, N. K. Sheth & Company is a reputed advisory firm based in Mumbai, with expertise in Indirect Taxation.
With this merger, N.A. Shah Associates completes the bouquet of service offerings and will serve as a one-stop solution for all client needs. Post-merger, Naresh Sheth and Parag Mehta will join N. A. Shah Associates as partners.
Goods and Services Tax (GST) is all set to knock the doors of India in the coming financial year. As the GST regime simplifies business and promises to boost GDP growth by 1% to 2% according to the numbers provided by NCAER (National Council of Applied Economic Research), there is much confusion around how GST will actually work. Post the GST implementation companies will have to re-evaluate their value chain – renegotiate contracts with vendors and reset their tax practices. The trade and industry will require involved efforts of experienced professionals to cope up with the biggest tax reforms of the country. Upon this merger, N. A. Shah Associates will efficiently support their clients to gear up for GST.
Sandeep Shah, Partner at N. A. Shah Associates, said: “With the advent of GST, business dynamics are bound to change. N. A. Shah Associates, has been providing services in the area of Audit, Tax and Business Advisory. With the merger, the firm will be geared to provide value added services in Indirect Tax including transition to the GST era. The merger is another piece of our broader growth and expansion plan.”
Naresh Sheth said: “The culture of both firms is highly compatible, with similar values that work on simplifying complex financial issues with relevant and out-of-the-box solutions. The merger will help us strengthen our position and expand our client base geographically and sector-wise.”