Indirect Tax

Do you know how much you are paying in indirect taxes and what is their impact on your bottom line?

Indirect taxes pervade every area of a company’s business. Their impact on material and product costs and prices, cash flow and profitability and, ultimately, on shareholder value is increasingly being recognized as an important element in ensuring competitiveness.

Our expert team comprising of 200+ indirect tax professionals across India provide comprehensive advice and assistance on the following indirect taxes
 

  • Customs duties
  • Central Excise and Value Added Tax
  • Service Tax
  • VAT (including works contract taxes and lease taxes)
  • also offer expert advice on all aspects of the following:
  • Foreign Trade Policy
  • Free Trade Agreements
  • Cross border supply chains and anti dumping duties

VAT/ GST

Implementation

We have worked very closely with several State Governments in the implementation of the VAT in the year 2005. In particular, we have advised the Governments of Maharashtra, Andhra Pradesh & Orissa.

On the run up to the GST, we are working very closely with both the State & the Central Governments in ensuring that India has a business friendly GST in place.

Advisory

We carry out impact assessment studies of the GST on businesses & advice companies on the resultant changes in the business models, supply chains, pricing & other optimisation opportunities.

Our Services

Strategic Consulting
  • Structuring of contracts / transactions to optimize indirect tax incidence
  • Assistance in contract negotiations
  • Reviewing contract documentation
  • Formulating indirect tax efficient business models

Advisory
  • Advice on classification, valuation, applicability of taxes on transactions and admissibility to tax benefits/exemptions
  • Opinions on other indirect tax issues
  • Providing innovative but rigorous tax planning ideas

Indirect Tax Reviews / Health Checks /Due Diligence Reviews
  • Undertaking comprehensive reviews of business operations to identify tax planning opportunities as well as compliance gaps
  • Conducting detailed indirect tax due diligence reviews (buy side / sell side)

Trade Facilitation
  • Advisory and operational assistance for availing benefits under Free Trade / Regional Trade Agreements
  • Obtaining required registrations and licences
  • Assistance in availing benefits under EXIM Policy Schemes
  • Setting up and operationalising EOUs/ STP units/SEZ units

Representations
  • Representations before relevant Government authorities on tax and trade policy issues
  • Developing economic justifications for tariff/non-tariff concessions
  • Assistance in anti-dumping and other non-tariff proceedings

Compliance Support and Outsourcing
  • Indirect tax compliance support/ outsourcing on an all India basis
  • Preparation of customised compliance manuals on all indirect taxes
  • Provision of complete support for customs SVB proceedings

Litigation support
  • Drafting replies to notices
  • Drafting appeals and submissions
  • Appearances and arguments before adjudication and appellate authorities up to the Tribunal
  • Appearance and arguments before anti-dumping authorities
  • Briefing of Senior Counsel