Indirect taxes
Nowadays increasing complexities of indirect taxation such as goods and services tax, input tax credit and certain other allied tax laws continue to present onerous responsibilities to the business. We can assist you in:
- Compliance Support & Outsourcing - Obtaining required registrations & licenses, compliance support/outsourcing on all India basis, preparation of customized compliance manuals, single point contact and centralized coordination for tax payments, filing of returns, and completion of documents
- Ongoing Advisory- Advice on classification, valuation, the applicability of taxes on transactions, and admissibility to tax benefits/exemptions, opinions on indirect taxes, identification of innovative tax planning opportunities.
- Trade-Related Advisory - Assistance in availing benefits under foreign trade policy schemes, setting up and operationalizing Export Oriented Units (EOUs)/ Software Technology Parks (STP) units/ Special Economic Zone (SEZ units), advisory and operational assistance for availing benefits under Free Trade / Regional Trade Agreements.
- Indirect Tax Health Checks and Reviews- Undertaking comprehensive reviews/ health checks of business operations to optimize indirect taxes, reduce potential exposure and improve tax compliance, conducting specific due diligence reviews (buy-side / sell-side).
- Representations - Representation before relevant Government authorities on tax & trade policy issues, developing an economic justification for tariff/non-tariff concessions, representational assistance in anti-dumping& other non-tariff proceedings.
- Litigation Support - Drafting replies to notices, appeals & submissions, appearances & arguments before adjudication & appellate authorities up to the Tax Tribunal, appearance and arguments before Anti-dumping authorities, briefing Senior Counsel on a need basis, assistance in obtaining an advance ruling.
- Special Valuation Branch (SVB): advice regarding an approach to SVB, assistance in submissions, representations, and reviews.
- Research and Development (R&D) Cess: Applicability of R&D Cess on import of technology deputation of foreign personnel and credit adjustment against service tax.
- Engineering Procurement Construction (EPC) and Infrastructure contracts and associated tax optimization opportunities.
