GST

Advent of GST w.e.f. July 1, 2017, has affected all Industries, irrespective of the sector. It has impacted the entire supply and value chain of operations namely Procurement, Manufacturing, Distribution, Warehousing, Sales and Pricing, etc. It also triggered the need to relook at External/ Internal Organization and IT/ ERP Systems.

Range of Services under GST includes:

  • Advisory services on legal & procedural issues along with sending regular updates to the officials of the Company on various components of GST;
  • Onsite and Offsite review of returns in GST;
  • Review of appropriateness of credit being availed on various Inputs, Input services and Capital goods etc., along with computation of net tax liability etc.
    • Audit and Assessment
    • Legal Opinions
    • Policy Representation
    • Return Filing – Onsite and Offsite
    • Advisory & Consultancy services
    • Accounting and Reporting
    • Diagnostic check and Process review
    • Providing regular updates on recent changes in relevant regulations.
    • We efficiently handle all GST related issues for any Company in India.

Service Tax, Excise and VAT/CST

We offer competent service support for comprehensive compliance and tax optimization, providing analysis, implementation of best practices, and liaisoning with authorities for notices or other matters. Our services encompass audit assurance, consultancy, adjudication, and litigation representation, alongside expertise in export refunds, transition to pre-GST, and regular updates on regulatory changes.

  • We analyse, suggest & implement best practices so as to ensure proper Compliance with an optimization of Tax efficiency
  • Liaisoning/ Representation before the Authorities for any notices issued or for any other matter
  • Audit Assurance and Assessment
  • Consultancy, Opinion and Advisory
  • Adjudication and Litigation Matters
  • Refund and Rebate – Export
  • Transition related issues to pre-GST
  • Providing regular updates on recent changes in relevant regulations.
 

DGFT (FTP) & Customs

We offer comprehensive support for customs duty rates, exemptions, and trade agreements. Our services include evaluating customs valuation, navigating import/export regulations, maximizing export incentives, and providing guidance on legal matters. We also assist in audits and investigations, ensuring compliance and offering updates on regulatory changes for informed decision-making.

  • Identifying customs duty rates and exemptions under Preferential & Free Trade Agreements.
  • Evaluating customs valuation in transactions involving related parties and assessing Special Valuation Branch (SVB) submissions.
  • Understanding Import & Export control regulations such as SCOMET.
  • Maximizing export incentives such as Duty Drawback, EPCG, Advance Authorization, RoDTEP, etc.
  • Providing guidance on legal and procedural matters related to Customs law, Foreign Trade Policy, and Special Economic Zone law.
  • Assisting in audits and investigations conducted by departmental authorities such as Audit wing, DRI, etc.
  • Providing regular updates on recent changes in relevant regulations.

SEZ, EOU and DTA

We offer competent Service support for Special Economic Zone Consultancy. The policy for setting Special Economic Zones (SEZs) in Country is done with view to provide internationally competitive hassle free environment for exports where units can be set up in SEZ for Manufacturing Goods and/or Rendering of Services.

Our range of Services for SEZ Units/ Developers includes:

  • Assistance in setting up of unit in SEZ
  • Assistance in evolving Tax efficient & regulatory Compliant structure for a SEZ and unit in SEZ
  • Top-to-Bottom Assistance from approval to applicability of various provisions related to SEZ Units & Developers
  • Evaluate business models to ascertain & maximize the fiscal and Tax benefits
  • Representation before Central & State Government for Central/ State Incentives/ Concessions and Recommendation to the Board of Approval
  • Developing Economic justification for Tariff/ Non- Tariff Concessions
  • Drafting Appeals and Submissions
  • Providing regular updates on recent changes in relevant regulations.
 

TRANSACTION ADVISORY SERVICES

  • Tax implications on business transactions:
    • Applicability of various Indirect Taxes and GST
    • Eligibility to Exemptions/ Deductions/ Abatements
    • Classification & Valuation related issues, etc.
  • Cross-border transactions of Goods & Services
  • Business Model & Procedural aspects
  • Eligibility & Extent of Cenvat Credit availability on Inputs, Input Services and Capital Goods

DIAGNOSTICS REVIEWS & HEALTH CHECKS

Diagnostics Reviews aim at achieving the following:

  • Effectiveness of Tax Compliances & Reporting processes
  • Identifying potential Risks and Opportunities
  • Exploring options to mitigate the risk
  • Improvements in Internal Controls, Records and Documentation
  • Design a Tax framework consisting of Tax Policies, Internal Controls, Responsibility
  • Matrix & MIS Reports
  • Consistency in implementations of Tax Policies across business divisions/ verticals
 

LITIGATION & REPRESENTATION SERVICES

We aim to provide best legal practices and strategies for ongoing and past disputes by thorough and in-depth analysis of Facts & Legality and to reach to a logical end.

  • Representation before Adjudication & Appellate Authorities and other Courts of Law
  • Assistance in investigations by Revenue Intelligence Authorities
  • Advice on potential liability arising out of disputed transactions
  • Drafting reply to Letters/ Notices received from Department
  • Representation in Provisional Assessment/ SVB Proceedings, etc.
  • Representing the Company before the Ministry(ies)/ Board(s) for any Indirect Taxation matters

AUDIT DEFENSE

Tax and Audit expertise combine to achieve the following:

  • Consistency of Tax positions across various business divisions/verticals
  • Improve level of Compliances & Preparedness to face Audit/Assessment by Tax Authorities
  • Appearance before the Departmental Audit team
  • Standardized formation of Audit Approach & Processes
  • Review & Reporting of deficiencies
  • Corrective Measures and Processes
 

RETAINERSHIP & COMPLIANCE SUPPORT

    • We provide Retainership Services in respect of all Indirect Taxation including GST & Compliance related matters to various entities from Firms to Limited Companies.
    • Prevention is better than Cure….We assist our Clients with on- call advisory Services so as to ensure correct practices followed at first stance. The best way of reduction of cost is to ensure proper Compliance of laws in day to day workings.
    • Review of appropriateness of credit being availed on various Inputs, Input services and Capital goods etc., along with computation of net tax liability etc.

Range of Services under GST includes:

  • Indirect Tax including GST Retainership & Compliance support on PAN India basis
  • Single Point advisory for Tax payments, verification of Returns for onward filing & Assessments/ Audits
  • MIS on various Compliances which facilitate reporting for Corporate Governance & better Control/ Check
  • Status report of progress in Assessments and Appeals
  • Improvised Process Configuration
  • Costs effectiveness by regular Compliances
  • Train the Trainers
  • Assess gaps/ Identify flaws in the systems and processes
  • Preparation of customized Compliance manuals on all Indirect Taxes
  • Updating clients through Newsletters, Articles and Instant WhatsApp messages
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