Indirect Tax comprises of both Central and State levies. Indirect tax in India covers taxes like Central Excise, Customs, Service tax which are Central levies and VAT, Central Sales Tax which are state levies. For these every levies / taxes there is a separate legislation. Being federal structure, the Indian states are empowered to enact state specific law for administration of collection of VAT, this adds to more complexities in Tax administration. The Indirect Tax Laws are constantly evolving through legislative action, departmental clarifications and judicial decisions.
Our Indirect Tax Service offerings are tailored to assist companies in meeting the challenges thrown up by ever changing Indirect tax environment. The extensive leadership group of directors and our senior professionals are engaged in advising both multinational and domestic companies on various aspects impacting business, management of tax risks and in dealing with tax controversies. More specifically, we are advising companies on entry and set up strategies including the location linked tax benefits, effective use of Free Trade Agreements, benefits under Foreign Trade Policy and assisting them in implementing the strategies.
We come up with unique blend of services with us. Once the unit is operationalized our export KPO team deputed at unit ensures day to day compliances in order to ensure that the targeted benefits are liquidated by following all steps with in the legal framework. A pre-defined dash-board report at pre-defined intervals helps the clients to have quick desktop review of the compliance status. Our pre-defined audit checks by professional team ensure procedures and compliances are followed scrupulously, the entitled benefits are availed in time and avoid revenue leakages. The above functions are well supported by the consultancy and regular updates on changing indirect tax environment by leadership group of directors and our senior professionals.