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Indirect Taxation Laws and Advisory

OVERVIEW

Goods & Service Tax (GST) is the most important indirect tax reform in the country, throughout India to replace various taxes levied by the central and state governments. GST is levied and collected at each stage of sale or purchase of goods or services based on the input tax credit method.

Customs Laws are more important as they govern the Import and export procedures. Anyone who wishes to expand their business overseas has to comply with the Customs Laws.

We assist our clients in deciphering both GST and Customs Laws, and identifying risk areas and sustainable planning opportunities by providing following services:

  • GST Registration, whether in single state or multiple states
  • GST Return filings
  • Obtaining Import Export License
  • Assissting through Import and Export procedures.
  • Undertake comprehensive review of client's existing business transactions, contracts, sourcing policies, pricing and distribution policies and analyse the GST implications.
  • Advice on proper classification, valuation, applicability of taxes on transactions in reference to benefit / exemptions.
  • Providing advisory at the various levels of client's personnel on GST law so as to enable them to re-align and restructure their business processes and IT system.
  • Assist in testing whether the report generated by the system / the data provided by the system meets the GST requirements.
  • Advising or preparation of other matters like registration, refund, GST returns and other modification / updation in the GST portal.
  • Audit as required under the GST law.
  • Representation for assessments, appeals, refunds and other matters under GST.
 
     
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