India

Key Service Offerings 

Goods and Services Tax ('GST')

 

 The proposed levy of Goods and Services Tax (‘GST’) is slated to change the very manner in which the indirect taxes are levied and perceived in India. Read More... 

 

vat / Sales tax

  • Advice on classification issues, availability of credit & other related aspects and possible tax optimization opportunities
  • VAT audits and process reviews

 

Service tax

  • Advise on taxability of a service and classification thereof
  • Diagnostic and Cenvat credit reviews
  • Assistance in obtaining service tax rebate / refund from tax authorities
  • Assistance during service tax audits
  • Advise on special transactions such as cost sharing arrangements, import of technology, technical know how, royalties etc.

 

 

Foreign trade policy

  • Advise on importability of goods and related procedures
  • Assistance in representation before Directorate General of Foreign Trade (DGFT) authorities
  • Advisory on possible benefits under various free trade and similar agreements entered into between India and other countries

 

Customs and sez

 

  • Optimization of customs duty savings through appropriate classification, exploring various exemption and incentive schemes
  • SEZ – Assistance in setting up units in SEZ, project approvals, representations, procedure manuals and reviews
  • Export Oriented units (‘EOU’) / Software Technology Parks (‘STP’) - Assistance in setting up units, project approvals, representations, procedure manuals and reviews
  • Special Valuation Branch (‘SVB’) – Advice regarding approach to SVB, assistance in submissions, representations and reviews
  • Developing policies and procedures for key tax functions, preparation of SOP for tax compliances, Training key employees etc
  • Diagnostic and compliance reviews

 

Cenvat

 

  • Advise on classification, valuation and Cenvat credit scheme
  • Assistance in assessing Cenvat liability and identifying concessions / benefits
  • Identification of planning opportunities

 

Research and development cess

 

  • Applicability of R&D Cess on import of technology/ deputation of foreign personnel and credit/ adjustment against service tax

 

Other services

 

  • Greenfield projects – advice on tax implications and assistance in initial compliances/ setting up
  • Advice on tax efficient business models
  • Financial modeling from an indirect tax perspective
  • Advice on EPC contracts and associated tax optimization opportunities