Indirect Tax
Indirect taxes pervade every area of a business. Its impact on material and product costs, cash flow, profitability and, ultimately, on shareholder value is an important element to stay ahead in competition. Given the federal structure of India, indirect taxes are levied simultaneously by the central government as well as state governments. We help you in the effective planning and structuring of your business to achieve fiscal efficiency and ensure compliance of the regulations.
We provide comprehensive advice and assistance on various indirect tax levies including Goods & Services Tax (GST) and Customs duty.
Goods & Service Tax
Introduced in 2017, Goods and Service tax Act (GST) is one of the most significant fiscal reform in India. GST law aims to provide a simplified and integrated system of indirect taxation under a dual tax model where taxes are imposed at both federal and state level. Even after years of implementation, the dust around the subject is yet to be settled.
We adopt comprehensive approach for implementation and compliances related to the GST, wherein we closely work together to offer seamless services to our clients/ business partners inter-alia including the following:
1. GST compliances
2. GST operational assistance
3. GST audit services
4. GST representation and litigation support
5. Other indirect taxes advisory and litigation
Customs and Foreign Trade Policy
1. Assisting in import-export procedures including post-import audit and pre-notice consultation process
2. Advisory support on product classification, valuation, license requirements etc.
3. Assistance in obtaining export incentives such as SEIS, MEIS, EPCG, etc.
4. Consultation in relation to any enquiry, investigations etc.