INDIRECT Tax |
GOODS AND SERVICE TAX
- Obtaining registrations under GST
- Review of periodic computation of tax liabilities
- Reconciliation of GSTR-2B and purchases
- Verification of input tax credit records and identification of ineligible credits
- Help in meeting compliance obligations like preparing and filing periodic return(s), i.e., GSTR-1, GSTR-3B, GSTR-6, GSTR-9, GSTR-9C.
- GST annual assessment and audit service including technical assistance and representation services during departmental audits
- Evaluate tax implications on existing or proposed business transactions
- Compliance with the provisions of anti-profiteering rules under GST
- Drafting responses to notices, enquiries and such other communication received from revenue/assessing authorities
- Filing advance ruling applications with the authorities in order to seek clarification on ambiguous matters
- Assistance in identifying risk areas
- Assistance in sustainable planning opportunities through tax life cycle
- Providing effective process to improve day-to-day reporting for indirect taxes, reducing cost and ensuring indirect taxes are handled correctly
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CUSTOMS DUTY
We assist businesses to optimize international trade costs, efficiently manage import/export risks and to establish transparency in their cross-border transactions, which covers majoring the followings:
- Assistance in obtaining Import/Export License.
- Advice on matters pertaining to import and export of goods into/from India under the Customs Act, 1962
- Assistance in Customs Valuation-related matters with regards to import from related parties
- Advice on various incentive schemes pertaining to duty-free import/export of goods or services under the Foreign Trade Policy, Special Value Branch (SVB), SAD Refund Certificate and related issues.
- Advise and represent in custom valuation cases, including advisory on appropriate classification of goods and verification
- Advise and assist in availing of concessional duty schemes
- Overall planning and implementation
- Self-assessment to post clearance audit
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SPECIALIZED CUSTOMS DUTY
- Self-Assessment - Support in setting up the processes and also support during the process of self-assessment
- Re-assessment - Assistance in cases of re-assessment discussions / representations with the customs authorities
- Capacity Building - 'Audit Ready' - Train client's supply chain team to take up self-assessment and post clearance audit responsibility
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FOREIGN TRADE POLICY
- Advise on importability of goods, export incentive schemes and relevant procedures
- Assist in obtaining import licenses, approvals for various schemes namely
- Export Promotion Capital Goods (EPCG) Scheme
- Export Oriented Unit (EOU) / Electronic Hardware Technology Park (EHTP) and Special Economic Zone (SEZ) Schemes
- Compliance review of EOU / EHTP / SEZ units
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FREE TRADE AGREEMENT
- Identify planning opportunities for optimization of custom duty under Free Trade Area (FTA) agreements
- Assist in understanding the relevant rules of origin and value addition criteria
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INDIRECT TAX ADVISORY
- Advise on taxability on operations including locations studies and tax optimisation
- Comprehensive compliance services
- Assistance in filing of indirect tax refund claims
- Litigation-related representation
- Assistance in obtaining advance ruling / determination orders
- Diagnostic reviews and health checks
- Procedure compliance reviews - one-time or periodic
- Project management of GST administration
- Review and implement business plans
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