Indirect Tax

indirect tax

Goods and Service Tax

The goods and services tax (GST), introduced in India on 1 July 2017, replaced a host of indirect taxes being levied by the central and state governments, which has changed the taxation landscape.

The underlying theme was to have a ‘one nation one tax’ which would improve ease of doing business for taxpayers, bring in transparency, ensure timely compliance and ultimately reduce the tax burden for the common man. The journey since its implementation has been nothing short of a roller coaster ride for the taxpayers. Since inception, in spite of best efforts of government in simplifying the procedures, owing to multiple circulars and notifications issued, the regulation has become more and more complex.

This has resulted in the need of a professional firm which has adequate expertise in advising about GST issues. In this regard, we provide our expert GST advisory and compliance services to domestic and international clients.

Our services relating to GST includes:

  • Advising on taxability, classification and valuation of transaction under GST
  • Assisting in obtaining GST registration, amendment of existing GST registration etc
  • Computing monthly GST liability after preparing different type of reconciliation and preparing and submitting periodic GST returns
  • GST Refund- Drafting, filing and processing of refund claims under GST
  • Advising on matters pertaining to SEZ, EOU, Foreign Trade Policy
  • Assisting the clients in GST audits including representation before the GST and custom authorities;
  • Reviewing accounting process to identify any material deficiency in the system from GST perspective

Customs and FTP

Our services relating to Customs and FTP includes:

  • Customs Act and Rules interpretation and advisory
  • FTP rules interpretation and advisory. Advising on special incentives and schemes
  • Advising on matters pertaining to SEZ, EOU, Foreign Trade Policy
  • Drafting, filing, and processing of refund claims before Custom authorities
  • Special Valuation Branch

Our Key Differentiators

  • We have combined experience and expertise of more than 18 years
  • Reconciliation with accounting records
  • Interpretation of Acts, rules, notifications and circulars
  • Interpretation of judicial pronouncements
  • Regular updates to clients
  • Time-bound deliverables
  • Systematic Liaising with GST and Customs Department on regular basis