Direct & Indirect Tax Consultancy | Income Tax Matter

We promise to guide you for all your taxation essentials with highly experienced & seasoned tax consultants having in-depth knowledge of Domestic and international tax laws.

As a chartered accountancy firm, we aim at guiding you throughout your tax compliances. Taxation is a specialized area and requires great skill and accuracy. Our experts have the requisite knowledge to carry out tax planning, administration, documentation, and representation.

Domestic Taxation

In the realm of taxation services, we are catering to large multinational enterprises and domestic business houses. Our focus is on developing as well as planning compliance tools and strategies that compliment your business. Our team is also proficient in handling assessment and representations.

• 1. Direct Tax: With tax laws progressing each day, it is crucial for businesses to be cognizant with timely compliance challenges that may pose a threat and lead to penalties and prosecution. A tax efficient structure for the businesses will release burden from entity’s shoulders and thereby ensure pertinent compliances. Our service portfolio includes advisory and compliance services w.r.t. income tax, advance tax and tax deducted at source.
• 2. Corporate Tax: Corporate tax is a tax levied on profits earned by various entities. Companies registered under Companies Act or any other act for the time being in force are obligated to pay such tax at a rate specified by Income Tax Act, subject to changes in rates from time-to-time. We assist organizations in corporate tax returns filing, advising on tax planning opportunities, tax compliances, opinions and representations. We also provide opinion on complex tax issues and assist in review of tax strategy vis-a-vis business strategy.
• 3. Personal Tax: Apart from tax paid on business earnings, tax paid on one’s personal income is termed as personal tax. We manage tax computation for tax withholding, advance tax and tax filings. Our team is experienced in representations before revenue authorities. In our NRI desk, we also aid in obtaining various registrations for non-residents

International Taxation

Several multinational enterprises have entered the boundaries of India resulting in colossal influx of foreign direct investment (FDI) in India. Also, since the advent of liberalization, Indian entities have made overseas direct investment in diversified countries to capture global opportunities. We provide advisory services for corporate structuring and planning, Double tax relief and tax treaties interpretation, outbound and inbound investments, compliance related to foreign remittances, transfer pricing and representation in assessments.

• 1. Transfer pricing: The price paid for transfer of goods or services from one entity to another situated in divergent countries with prescribed exceptions. Such value attached to goods or services transferred amongst related parties is termed as transfer pricing. We offer effective solutions to companies which undertake international transactions or specified domestic transactions with its associated enterprise or group companies. Our services include:
•  Transfer pricing analysis and tax structuring
•  Benchmarking analysis
•  Preparation of transfer pricing documentation
•  Issuance of Transfer Pricing Certificate
•  Representation for transfer pricing assessments

2. Expat taxation: Tax is one of our specializations and if you are an expat with a financial question, we are here to assist you for the same. Our tax experts are proficient in handling all the tax compliances for Expat taxation and have requisite experience in this domain.

Our expatriate services experts advise you and your employees on tax related issues that come into existence as a result of employee mobility. Repatriation assistance for employees, tax compliances, tax return preparation, annual tax equalisation calculations, payroll processing services also form part of services provided by us.

Indirect Taxation

In July 2017 Goods and Services Tax (GST) replaced a plethora of indirect taxes such as excise duty, VAT, service tax, central sales tax, countervailing duty (CVD) and octroi duty. GST has far-reaching impacts for virtually every business in terms of tax rates, overall tax incidence, input credits, distribution system, prices, and costs.

Businesses need to ensure:

•  Proper classification in terms of HSN and SAC codes and the applicable tax rates (generally ranging from exempt to 28%)
•  Ascertain place of supply to determine relevant state for GST compliances and tax payments
•  Eligibility of input tax credits as per Section 16 of CGST Act 2017 & as per relevant rules and exclude or defer input tax credits not eligible, as well as refunds or tax credits for exports.
•  Ascertain and ensure compliance with reverse charge on inward supplies where applicable u/s 9(3), 9(4) & 9(5) of CGST Act 2017.
•  Special procedure for valuation in case of related party transactions. Thankfully, our indirect tax advisory specialists are here to help.

Our Indirect Tax compliance advisory Services

•  GST & customs duty incidence and compliance blueprint: Providing a blueprint for GST and customs duty incidence and compliances as applicable to the client
•  GST compliances: Review of tax returns and tax computations and submission to tax authorities in each state or for each registered presence (including review of mismatches between vendors and/or customers and the client’s records based on reconciliation prepared by the client) and providing ASP/GSP selection related guidance
•  GST operational assistance and retainer services: Addressing operational issues arising out of GST implementation, vendors and customers ecosystem support and advisory services as well as obtaining advance rulings
•  GST audit services: Assisting the client in getting annual GST audit done in respect of each registered presence where the client is situated.
•  GST internal audit review: Review of Order to Cash and Procure to Pay and other processes from a GST perspective, including testing, validation and user acceptance of ERP-related GST controls
•  GST representation and litigation support: Representation before GST assessing and appellate authorities in the various states across India