Excise, Service Tax and Vat (Sales Tax) are most common applicable forms of indirect taxes on business organisations. Despite the claims of simplification and reforms carried out in the past few years, the prevailing Indirect tax regime in India still remains very complex and thus requires, careful upfront analysis of the tax costs involved in any transaction¸ proper accounting, documentation and filing compliances and constantly explore opportunities for tax optimization. Unless you manage indirect taxes, your profitability will decrease whilst working capital requirements (cash flow) and risks increase.
We have an extensive network of indirect tax professionals, who provide advisory services in respect of the state level Value Added Tax (VAT)/Sales tax, Service Tax and Excise related matters. We have dedicated teams to co-ordinate our client service and commit to execution within agreed timeframes. We use technology to deliver and connect with our customers. Our indirect tax services include:
⦁ Advice on strategy, structuring and planning to mitigate indirect tax costs / risks.
⦁ Advice on compliance and reporting including outsourcing of compliance.
⦁ Advice on automation and digitisation of tax records using Tally- ERP.
⦁ Support with internal controls, and indirect tax risk management.
⦁ Representation and Assistance in assessments and litigations with tax authorities.