INDIRECT TAX

We provide advisory and compliance related services with reference to all indirect tax laws including GST, Customs, Foreign Trade Policy and on the pending tax and litigation matters related to the erstwhile regime. Our service offerings are highlighted below:

ADVISORY SERVICES

• Evaluate tax implications on business transactions (both existing and proposed transactions)
• Review of contracts and agreements to assess GST impact on supply chain
• Assessment of related party transactions including cross charge mechanism
• Evaluation of tax positions and alignment with the amendments in the GST Law
• Review of business operations to identify tax optimisation opportunities, compliance gaps etc.
• Formulating tax efficient business models

COMPLIANCE SERVICES

• Assistance in obtaining registrations under GST or other statutory legislations as required
• Analysis of input tax credit records and identification of ineligible credits
• Review of tax computations
• Preparing and filing periodic return(s)
• Assistance in filing of requisite statutory applications and declarations with various authorities
• Preparation of customised compliance manuals based on the recent developments in the form of standard operating policy and procedures
• Assistance in reconciliation and preparation of GST annual returns
• Preparation of GST refund applications and filing of online refund applications including follow up with the tax authorities

LITIGATION SERVICES

• Formulating strategy to manage GST litigations
• Preparation and filing of reply to letters, notices, appeals, writ petitions etc.M
• Representation before the adjudicating and appellate authorities
• Identifying cases for obtaining advance ruling, filing of application and appearance before the authority
• Assisting on any ongoing enquiry in relation to legacy matters
• Helping Advocates for drafting and filing cases with High Court and Supreme Court and providing valuable inputs

INDIRECT TAX HEALTH CHECK

Review of a data for a sample period from an indirect tax perspective to identify gaps in compliance, existing risk areas from indirect tax standpoint and identify avenues for indirect tax savings, if any. This exercise is conducted as tax optimisation strategy or when there is a changeover in the finance or tax leadership to identify the current state of affairs when the new leadership takes over. We also, assist in implementing the recommendations/closing the gaps.

CUSTOMS & FTP RELATED SERVICES

• Assistance on import-export procedures
• Assistance in post-import audit and pre-notice consultation process
• Advisory services on product classification, valuation, license requirements etc.
• Assistance in obtaining AEO certification
• Assistance in obtaining various export incentives
• Strategic consultation in relation to any enquiry, investigations etc.