Indirect Tax

Now-a-days increasing complexities of indirect taxation such as service tax, value added tax (VAT), excise duty, customs duty, CENVAT continue to present onerous responsibilities to 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 ¢ralized coordination for tax payments, filing of returns and completion of documents.
• Ongoing Advisory- Advice on classification, valuation, 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 & 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 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 & arguments before Anti-dumping authorities, briefing Senior Counsel on need basis, assistance in obtaining advance ruling.
• Special Valuation Branch (SVB) : advice regarding 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.