Indirect Taxation Services

We provide a comprehensive range of indirect tax services across multiple sectors, assisting multinational and domestic clients with indirect tax optimization strategies.

Strategies

Achieve huge success with our expertise

Our team of indirect tax experts with deep industry knowledge offer sector-focused expertise, providing litigation support, representation before judicial authorities, advance rulings, anti-profiteering studies, due diligence, refund processing, tax health checks, credit reviews, and audit support.

Our specialized team stays abreast of tax policy developments, administration changes and key judicial pronouncements, thereby identifying threats and opportunities for delivering innovative tax solutions to our clients.

Our service offerings encompass the following Indian legislation & rules:

Goods and Services tax Legislation (GST)

Foreign Trade Policy and Special Economic Zone Regulations

Central Sales Tax Laws

Customs Act, 1962

Central Excise Act, 1944

State Value Added Tax and Professional Tax Acts

GST, the biggest Indirect tax reform in India, was made effective from 1 July 2017. The erstwhile Indirect Tax regime in India comprised of a plethora of laws, rules and regulations at the Central as well as the State level. The multiplicity of taxes at the State and Central levels resulted in a complex indirect tax structure in the country ridden with hidden costs for trade and industry.

Being a destination based consumption tax, GST greatly helps in removing economic distortion caused by the complex tax structure and development of a common national market.

Our services encompass Advisory, Compliance and Litigation support.

ADVISORY SERVICES

Our advisory services in relation to the GST, inter alia, include the following:

- GST implementation services in case of newly set up organizations, review of the GST implementation in case of old organizations;

- Conducting Health Check / Credit reviews to identify planning opportunities and optimizing the overall indirect tax incidence;

- Undertaking due diligence reviews, both sell side and buy side;

- GST Advisory on all matters including stock transfers, classification, valuation, input tax credits, registration requirements, ISD, refunds, export benefits, cross charges, job work, reverse charge mechanism etc;

- GST advisory on supply chain cost optimization, review of contracts from GST perspective, recommendations on tax clauses, negotiations with vendors/ customers, drafting of indemnification clauses, advising on day to day GST issues, automation solutions in compliances, developing of SOPs for compliances;

- Advice on execution of turnkey projects / EPC Contracts involving planning at the pre-bidding stage, structuring of contracts, identification of tax optimization opportunities, devising the most tax efficient models and comprehensive range of compliance services subsequent to the bidding stage, etc;

- Conducting anti-profiteering studies and assistance in relation to anti-profiteering certification, assistance in relation to ITC – 02 certification for transfer of credit in case of sale, merger, de-merger, amalgamation etc of entity; and

- Conducting trainings for clients and setting up GST help desks at client locations.

Foreign Trade Policy and Special Economic Zone Regulations

- Assistance in relation to classification of goods being imported into/ exported out of India for determination of rate of duty in terms of the Customs legislation;

- Assistance in valuation (between related or distinct persons) under Customs and Special Valuation Branch (‘SVB’) proceedings;

- Evaluation and application of various benefits under the Free Trade Agreements and Preferential Trade Arrangements;

- Advice on customs related matters including strategic consulting, classification, determining rate of customs duty, valuation, benefits under notifications and duty free schemes, import - export procedures etc.

- Filing applications before Policy Relaxation Committee in relation to the DGFT matters and representation in relation thereto;

- Assistance in setting up and exit, bonding/ de-boning of SEZ, EOU, STP Units as well as undertaking periodic compliances; and

- Assistance in relation to brand rate fixation, obtaining Authorised Economic Operator (AEO) certification, obtaining license for importation of restricted goods, Import Export Code, Registration Cum Membership Certificate etc.

COMPLIANCE SERVICES

Assistance in obtaining GST Registration.
- Assistance in amendment of existing GST Registration.
- Assistance in obtaining input service distributor (‘ISD’)/ tax deduction at source (‘TDS’)/ tax collection at source (‘TCS’) registration.
-Periodic Compliances:
- Computation of monthly GST liability.
- Preparation & submission of GST returns.
- Assistance in generating E-way bills.
- Preparation and filing of Annual Return in Form GSTR 9 and 9C.
- Assistance in filing of refund applications.
- E-invoicing Implementation: We also offer extensive tax technology solutions for efficient management of GST periodic compliances and e-invoicing.

CUSTOMS

- Assistance in relation to filing of application of IEC (i.e. Import - Export Code) under Foreign Trade Policy (‘FTP’); Registration Cum Membership Certificate; AEO Certificate; License for importation of restricted goods; Assistance in Re-assessment / Finalisation of Bill of Entry with Customs Department;

- Advise, assistance and representation in Special Valuation Branch matters at all levels;

- Filing of application for various incentives schemes with Directorate General of Foreign Trade (‘DGFT’) provided under FTP [such as Duty Free Import Authorisation (DFIA), Preferential Rates, Export Promotion Capital Goods (EPCG), Services Export from India Scheme (SEIS) etc;

- Assistance in purchase/ sale of duty credit scrips

 LITIGATIONS SUPPORT SERVICES

Developing and implementing strategies for quick resolution of issues;

End to end assistance in relation to GST/ Customs enquiries and assessments, including representation before the Tax Authorities such as DGFT, DRI, SVB etc;

Assistance in preparation, drafting, filing of the application for advance ruling and representation before the AAR; Drafting replies to show-cause notices and appeals, including representation before Adjudication and Appellate Fora; and

Preparation of case in connection with proceedings before High Courts and / or Supreme Court of India and assisting the Senior Counsel in representation before the Court.