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| Tax Advisory Services |
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Enhancing a shareholder's value is a fundamental concept which drives every management effort in the modern business environment. Progressive and bottom-line focused managements have realized that taxes (both direct and indirect, domestic and international), should be viewed as a dynamic item of cost rather than a passive charge on the profits. Indeed, an effective tax-cost management provides a distinct competitive advantage. This requires the application of appropriate tax strategies proactively identified and surgically implemented. We have developed a total tax management capability which encompasses the entire spectrum of direct, indirect and personal taxes. Our professionals are drawn from a wide variety of backgrounds. Industry specialization, service line specialization, international exposure and advanced training equip them to work with our clients and be their advisors of choice in practically all their business processes. |
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| Our Tax Advisory Services Include: |
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Domestic Tax: |
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Sound business decisions need to be backed by the right tax advice. Rapid globalization, has led to intense competition. Corporate entities have realized that innovative tax strategies and proper planning can reduce the tax incidence and provide the much needed cutting edge over competitors. The Domestic Tax services offered by us are: |
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Corporate and Business Tax Consulting: |
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Taxes may not be totally avoidable, but upfront tax planning provided by us, in parallel with the decision making process helps our client attain the desired results. Our professionals are guided by a single, strong underlying philosophy - "helping our clients attain their business objectives". We adopt a "hand holding approach" which encompass various aspects of tax planning and consulting including: |
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- Dove-tailing tax strategies into business plans
- Structuring the entire business transaction, including preparation of structured tax solutions tailored to meet business objectives
- Tax modeling, which would involve validation of tax assumptions built into financial and business models
- On-line tax advisory and planning for positions to be adopted in the tax return
- Transaction advisory including planning for achieving Mergers, Acquisitions Corporate re-organizations
- Total Tax Minimization
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Corporate and Business Tax Compliance: |
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The focus of tax assessments (audits) is gradually shifting from micro issues (such as, procedural disallowances) to issue based and concept based reviews. Given the legal labyrinth that taxpayers often face, a judicious cost-benefit analysis is imperative, in deciding which issues are worthwhile to litigate and on which issues it is more viable to concede. Our professionals with their wide ranging experience and in-depth knowledge help in making this decision. |
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Services offered by us encompass a wide range of tax compliance issues including: |
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- Preparation/Review of corporate tax returns
- Review/Assistance in advance tax computations
- Briefings and consultations with tax counsels, where required
- Tax litigation support
- Seeking Advance Rulings
- Other compliance issues such as tax registration, dealing with issues of withholding tax, certification, to name a few
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International Tax Services: |
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Globally, capital is always in search of opportunities. Indeed, the process of liberalization which is now well entrenched in Indian policies has led to a surge in the entry of multinational companies into India. Simultaneously Indian companies have established their presence in global markets and several companies have also listed on overseas bourses such as the NASDAQ or NY Stock Exchange.
The interplay of domestic and international taxes incident on these companies often results in complex situations. Converging on an optimum solution requires taking a view on the "total" tax impact rather than a country specific examination. |
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International Services offered by us include: |
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- Cross border investments
- Services for Foreign Institutional Investors
- Transfer Pricing
- International Executive Services
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Indirect Tax Services: |
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The Indirect tax regime in India is a labyrinth of various laws and regulations, including State specific laws. Our indirect tax professionals with their wide-ranging experience and in-depth knowledge help clients in effective planning, which in turn helps in cost minimization. Our Indirect tax practice provides services relating to Sales tax, Service tax, Custom and Excise duties.
A diagnostic review or health check is an all-encompassing package offered to our clients. This review helps identify areas of potential exposure and tap opportunities for tax savings. Be it rendering of advice relating to claims for domestic indirect tax credits or VAT credit in the international arena, our professionals bring their expertise and experience to the table. We assist our clients in making representations to the relevant authorities such as the Director General of Foreign Trade, Department of Revenue, Central Board of Excise and Customs for obtaining concessions and relief. |
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Sales Tax: |
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| The services offered include: |
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Advice on the applicability and levy of Central and State Sales tax laws or Works Contract tax |
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Assistance in the structuring of transactions and agreements in relation to inter-state and intra-state sales in order to |
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minimize tax incidence |
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Conducting comprehensive Sales tax health-checks and studies to ensure that the appropriate advice is given in setting up |
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warehousing locations to minimize Sales tax incidence |
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Service Tax: |
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The services offered include: |
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Advisory services with regard to applicability of the tax, as well as procedural compliance such as registration, |
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assessments, to name a few. |
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Review of contracts and agreements to help mitigate the overall incidence of service tax. |
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Conducting Service tax health checks in order to determine the service tax implications on client operations, gauge |
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compliance with legal provisions and suggest tax planning opportunities |
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Customs: |
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| The services offered include: |
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Advisory services relating to various aspects of custom law and applicable regulations - covering rates of duties, |
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exemptions, valuation planning, classification assistance and assessments |
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Rendering advice on a wide range of custom procedures and documentation requirements, including those relating to |
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import and export of goods, clearance of imports, warehousing, duty entitlements, to name a few;
- Assisting clients on the policies and procedures set down under the Export-Import Policy, such as licensing requirements
- Providing the right guidance to enable our clients to make the most of various benefits available to specific entities/projects or to units in specified areas, as well as concessions available under various export promotion schemes
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Excise: |
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| The Services Offered Include: |
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Rendering advice on a wide range of issues relating to excise duty implications |
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Providing the right guidance to enable clients to make the most of excise duty concessions and relief |
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VAT: |
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| The Services Offered Include: |
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Rendering advice on a wide range of issues relation to VAT implications on cross-border transactions |
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Assistance in claiming VAT input credits |
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Suggestions on the right strategy to minimize the global VAT incidence |
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Assistance in approaching the European Commission to seek appropriate relief |
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