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    Indirect Taxes

    Indirect Taxes

    Despite the various reforms carried out in the past few years, the prevailing indirect tax regime in India is still in the state of evolution. It comprises a plethora of laws, rules, and regulations at the central and the state level which needs to be adopted by business instantaneously. At its present structure, it poses unique challenges to business organizations and often has significant impacts on cash flow, absolute costs and risk exposures.
    Poor indirect tax management can squeeze cash flow, allow the over or underpayment of tax and attract stiff penalties for non-compliance.

    Our Team provides comprehensive advice and assistance on service tax, customs, Excise laws, VAT, and GST.

    Tax Compliances
    • Preparing worksheets for tax computation
    • Collate data for preparation of applicable tax returns
    • Set up a system or process to ensure data collation
    • Ensure regular and timely compliance of tax payments and return filing
    • Ensure compliance of similar tax requirements
    Planning and Advisory
    • Indirect tax analysis on proposed transactions
    • Tax neutralization / optimization advice
    • Identify mechanism to optimize tax credits and reduce tax
    • Agreement review/drafting
    • Advice on setting up a business in tax efficient manner
    Customs & DGFT matters
    • Special Valuation Branch (SVB) Matters
      • Assistance in filing of requisite annexures
      • Liaisoning with Customs Authorities
    • Refunds
      • Filing SAD, CVD, EDD, CENVAT Refund claims
      • Obtaining refund orders
      • Liaisoning with Customs/GST Authorities
    • Export Benefits
      • Service Export from India Scheme – Obtaining SEIS duty scrips
      • Obtaining Registration Cum Membership Certificate (RCMC), Importer Exporter Code (IEC)
      • Liaisoning with DGFT Authorities
    Representations & Litigations
    • Representation services before:Tax authorities, Appellate Tribunals, Authority for Advance Rulings, Settlement Commissioner
    • Tax briefings and support to the external counsel in respect of representations before High Courts/Supreme Court
    • Advisory & implementation of litigation strategy
    • Diagnostic review of litigation history and assistance in litigation risk analysis
    • Assistance in evaluating sustainability of tax positions and assistance in suggesting and taking remedial actions
    Due Diligence and Health Check
    • Examine applicability of indirect taxes
    • Examine eligibility of tax credits and export benefits (as applicable)
    • Review statutory returns/ records and documentation
    • Evaluate tax optimization opportunities
    • Identify tax exposures and inefficiencies
    • Due diligence support services include
      • Reporting key exposures because of various indirect taxes
      • Review pending litigation issues & report exposure/ disputes
      • Review compliance status
      • Report on material tax exposure due to non-compliance relating to Indirect Tax laws
    how can we help you?

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