Cross border trade and investment for Indian businesses

There are approximately 63.39 million MSMEs across various sectors in India. The Indian MSME industry is expected to contribute approx. 50% to the country’s GDP by 2025. The industry is the second-largest employment generator in India as of FY 2022, with more than 111 million people employed. The pandemic has accelerated the digitalization of business but further compounded the digital divide. We need to best practices that create new opportunities for MSMEs and help build a sustainable economy.

In order to achieve the goal honourable prime minister for being $5 trillion economy, the India needs to empower its forces of economic soldiers by promoting Make in India and Make for the World.

The Global Council for the Promotion of International Trade, Confederation of Indian Micro, Small and Medium Enterprises and Connect Ventures are joining hands to celebrate this republic day by empowering entrepreneurs for cross border trade and investment.

We are inviting the participation of companies and experts who endorse these aims and initiatives.

Agendas of the session

The Transfer Pricing Compliances for cross border businesses.
The Tax Compliances for US Businesses owned by Indians / foreigners.
Payoneer making international Payments seamless for Indian Exporters
Govt’s Vision to Promote the Cross Border Trade
Fireside Chat on Cross Border Trade
Vote of Thanks and Conclusion

Confederation of Indian Micro, Small and Medium Enterprises (CIMSME) is a section 8 company based out of Bangalore with its district and state council represented across India. Confederation is a national business network of 27,870+ leading entrepreneurs. Founded in recent past by a group of young entrepreneurs, Confederation enables business owners to learn from each other, leading to greater business success and an enriched personal life.

Global Council for the Promotion of International Trade is an organization based out of India, South Africa, USA, UAE, EU and GCPIT (UK) Limited with board & council member representation across the world to implement relevant major national development strategies, and promote foreign trade, bilateral investment and economic & technological cooperation; carry forward cooperation with overseas trade promotion counterparts; receive overseas high-end trade and economic delegations.

The Connect Ventures is on a mission to globalize the Indian MSMEs and Start-ups and support them to run the business in compliant ways.

Schedule

Day 1

Speakers

Shweta Verma

Sr. BDM – B2B Goods, Payoneer

R. Gopinath Rao

Deputy Director, MSME Development and Facilitation Office, Government of India

Udit Gupta CA, ICAI, MIA

Director, The Institute Of Chartered Accountants Of India, Toronto Chapter

Dr. Sundaram Rajagopal

Director, Connect Ventures

Dr Anil Gupta

Chairman, Connect Ventures

Santosh G

Global Chairperson, Global Council for the Promotion of International Trade

Ashwani Kumar

Chairman (Northern Region), FIEO

Tickets

National Inner Circle

$120.00

The Inner Circle is an exclusive network dedicated to developing meaningful and mutually beneficial business connections.

Access to join the zoom meeting (for a year).

Access to join all physical events (for a year)

Be part of the national leaders network for better networking.

Access to National Inner Circle.

Business listing on our gcpit.org directory

Global Inner Circle

$350.00

The Inner Circle is an exclusive network dedicated to developing meaningful and mutually beneficial business connections.

Access to join the zoom meeting (all the events).

Be part of the global business leaders network for better networking.

Access to Global Inner Circle.

Business listing on our gcpit.org directory

Featured (Cover Story) Interview on one of the digital magazine i.e The Great Leaders, Global Founders

Delegate

Free

Council is inviting the participation of companies and experts who endorse these aims and initiatives.

Join Delegate Group

FAQ

What is Transfer pricing?

Transfer pricing is the price determined for the transactions between two or more related entities within a multi-company organization. This price is also known as the cost of transfer which shows the value of such transfer between the related entities in terms of goods or even transfer of employees or labor across different departments.

What are the 5 methods of transfer pricing?

Businesses rely on transfer pricing to ensure that transaction pricing between related parties is comparable to fair market value. This process, which is conducted according to the guidelines set by the Organization for Economic Cooperation and Development (OECD), requires the governing entity in this transaction to choose a pricing method that offers the best estimation of this fair market value.

Choosing a transfer pricing method is a top-down strategic decision that benefits from using tools and resources designed to help businesses identify the most advantageous and appropriate methods for their transfer pricing strategy.

5 methods of transfer pricing

1. Comparable Uncontrolled Price

2. Cost-Plus

3. Resale-Minus

4. Transactional Net Margin (TNMM)

5. Profit Split

What is the objective of transfer pricing ?

The objective of transfer pricing is to encourage each division manager to transfer goods and services between divisions if overall company income can be increased by doing so. Transfer prices may be used when decentralized units are organized as cost, profit, or investment centers.

How are businesses taxed in USA?

Businesses organized as corporations pay the corporate tax rate, which is 21%. Other business structures — including sole proprietorships, partnerships and S corporations — are considered pass-through entities; their incomes are taxed at the owner's personal tax rate, which is between 10% to 37%.

How is a US LLC taxed in India?

LLC has a different legal status from you and your income from LLC will be taxed. LLC being a Non-Resident, its income will not be taxed in India. However, if the business has an Indian connection, the Indian income will be taxed.

Which businesses are required to file a US income tax return?

All businesses except partnerships must file an annual income tax return. Partnerships file an information return. The form you use depends on how your business is organized. Refer to Business Structures to find out which returns you must file based on the business entity established.

India –The next e-commerce opportunity for cross border brands

Ecommerce in India is a huge opportunity, expected to grow to US$200 billion by 2027. With the second-largest global population and increasing internet and smartphone penetration, there is great opportunity for cross-border ecommerce brands interested in expanding into the market. India ranks 44th in ecommerce penetration with 48% of the Indian population shopping online.

The average retail ecommerce revenue per user in India increased from US$48.3 in 2017 to US$73.81 in 2020 and is set to continue increasing to US$76.4 in 2024 as ecommerce becomes increasingly accessible to a wider population. The number of ecommerce users is expected to grow by 41% to 920 million users in India by 2023.

Cross-border ecommerce brands wishing to enter the market will face some challenges such as language translation, logistics and infrastructure, and localization for such a large and diverse nation. This guide to ecommerce in India aims to help brands gain insight into a complex market, and prepare them for success.

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