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

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

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

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

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

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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