Indirect tax
Service offerings
Tax Structuring and Planning
- review, structuring and modification of agreements as to minimize the tax incidence
- advice for setting-up business units in a most tax efficient environment after identifying goals and objectives of the client
- identifying possible areas in order to provide a mechanism as to the optimum utilization of CENVAT / VAT credit
Advisory
- examining applicability of various Indirect Taxes on different types of transactions/ agreements
- ascertaining possibilities of recovery/ refund of the taxes borne on inputs/ input services
- lay down the manner in order to comply with the statutory requirements
Representational Services
- representation before all adjudicating Authorities including the Central Excise Service Tax Appellate Tribunal (CESTAT)
- representation before Advance Ruling Authority to obtain advance ruling on specific issues
- representation before Ministry of Finance to seek clarifications and request for concessions / exemptions
- representation before Settlement Commission for settlement of cases
Compliance related Services
- preparation and filing of application for obtaining registration from various Indirect Tax Authorities
- identify the possible CENVAT / VAT credit available
- computation of monthly / quarterly tax liability after setting – off the available CENVAT / VAT credit
- preparation of periodic returns and filing them with the concerned authorities
Comprehensive Health Check
- examining records / documents maintained for the purposes of complying with various Indirect Taxes
- preparing report of the observations outlining the areas of concerns from the compliance viewpoint
- providing technical support for ensuring the maintenance of proper records in conformity with the legal provisions
Tax Due Diligence Review
- review / examine conformity with various Indirect Tax Legislations and quantifying the possible Indirect Tax exposures
- review of the agreements / contracts between the transferor and transferee and identifying the tax exposure of the same
- review of status of pending disputes, assessments and contingent liabilities and comment on the merits of the same
- comment on the possibilities for transferring the CENVAT / VAT credit lying unutilized in the books of transferor
VAT Audit
- conducting VAT audit required to be conducted under VAT laws of various States
- issue report in the specified Format
- advice to improve upon grey areas and other possible opportunities