Indirect Tax
Indirect Tax Service Advisory
- Advising on analysing the impact of GST on business, scenario analysis including alternative business models and legislative business level implementation assistance.
- Advising on import-export regulations and compliance with customs laws.
- Advising on bonded warehousing, EOU, SEZ benefits, and other special schemes.
- Advising on various incentive schemes pertaining to duty free import/export of goods or services under the Foreign Trade Policy.
- Advising on determination of applicable GST rates on Goods and Services including guidance on HSN/SAC code classification to ensure correct tax rate application.
- Indirect Tax Planning, Advisory, and Opinion including reviewing the existing GST Structure of the business and provide recommendations on restructuring transactions to minimize GST Liabilities and Input Credit Optimization.
- Tax Due Diligence.
Indirect Tax Compliance Services
- Assistance in periodic computation of tax liabilities and eligible Input tax credits.
- Advise & Assistance in proper reconciliation of Input tax credit with the returns filed by suppliers
- Advise & Assistance with claiming refunds/rebates and identifying and availing applicable tax exemptions.
- Assistance in filing requisite statutory applications with identified Indirect tax authorities
- Assistance in audits and filing audit reports
- Assistance in any other indirect tax compliances as may be required
Tax Representation and Litigation Services
- Assistance in drafting replies to notices, enquiries and such other communications received from revenue / assessing authorities
- Assistance in preparation and filing of appeals against orders received from appellate authorities
- Representing the matter before the appropriate authorities and appellate Tribunals
- Filing advance ruling applications with the authorities in order to seek clarification on ambiguous matters
- Providing technical assistance and representation services during departmental audits
- Providing services on any Pleading Matters related to indirect taxes.
Transition Management Services
- GST registrations in all jurisdictions where required.
- Assistance in meeting first cycle of GST compliances (invoice formats, returns, etc.)
- Address special needs such as suggestions on State incentives.
- Assistance in transitioning tax credits and liabilities from legacy IDT systems to GST systems using Transition Rules.