Indirect Taxation


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Indirect Taxation

Indirect taxes pervade every area of a company’s business and are applicable to activities that span from manufacturing to final consumption of goods and services. Their extant, therefore has a sizeable impact on raw materials, product costs and prices, and ultimately on the profitability and competitiveness of an organisation. In India, indirect tax regime has gone through various reforms, however, the structure remains non-uniform across central, state and local levels and remains riddled with various laws and regulations. We, thus help our clients in assessing the amount of indirect taxes payable and their respective impact on the company’s profitability. We offer comprehensive advice and assistance in all areas of indirect taxes from customs to central excise, from service tax to works contract tax and sales tax and now, VAT. All this is backed by litigation support at every stage. We also offer expertise on all aspects of trade policy, including on free trade agreements, anti dumping duties & cross border supply chains.

Our service offerings include:

Strategic Consulting & Advisory:

Structuring of contracts/ transactions to optimize indirect tax incidence
Formulating indirect tax efficient business models
Conducting VAT impact assessment studies
Harmonizing customs valuation with transfer pricing
Conducting health checks aimed at providing assurance in tax compliance
Conducting indirect tax specific due diligence reviews (buy side/sell side)
Advice on classification, valuation, applicability of taxes on transactions and admissibility to tax benefits/exemptions
Opinions on indirect tax issues
Identification of innovative tax planning opportunities
Compliance Support:
         Indirect tax compliance support/outsourcing
         Preparations of customized compliance manuals on all indirect taxes
         Single point contact & centralized coordination for tax payments, filing of returns & compilation of documents

Litigation support and Representations:

Drafting appeals & submissions
Appearances & arguments before adjudication & appellate authorities
Appearance & arguments before Anti-dumping authorities
Briefing Senior Counsel on need basis

Trade Facilitation

Obtaining required registrations & licenses
Assistance in availing benefits under EXIM Policy schemes
Setting up and operationalising EOUs/STP units/SEZ units
Advisory and operational assistance for availing benefits under Free Trade/ Regional Trade Agreements

Accounting and Deferred tax

Avail accounting services & procedures as per US accounting standards from us. We provide the following basic US GAAP accounting and deferred tax calculation support with the help of our panel of CPA (Certified Public Accountants).

Deferred tax calculation for US GAAP purposes
Accounting reconciliation between Indian and US GAAP
MIS support for US reporting

We also provide consulting on:

Service Tax

Registration under Service Tax law

Consultancy on various issues relating to service tax including maintenance of proper records and accounting under the law

Compilation of data of Cenvat credit

Assistance in availment of notified Abatements

Utilization and availment of service tax credit in accordance with the Service Tax Credit Rules

Computation and Assessment of Service Tax payable

Preparation and filing of returns

Value Added Tax (VAT)

Assisting in Sales Tax Registration under Central Sales Tax Act and Delhi VAT.
Consultancy on matters related to Sales Tax including Tax planning.
Preparation of VAT (Value Added Tax) returns
Filing of Electronic/Manual VAT returns
Obtaining required statutory forms
Liaison with VAT authorities
Aiding Assessments of Sales Tax
Filing and pleading appeals, wherever necessary.
Consultancy on matters related to Delhi Works Contract Tax Act 1999