Taxation

Taxation

• Direct Taxes
  • Preparation of all type of returns, computation etc. for Individuals, Firms, NRI's, Foreign Nationals, Companies etc. with special emphasis on income tax exemptions and deductions . Advice on tax saving instruments to minimise taxation in a planned manner.
  • Representing clients and appearing before various authorities which includes;
    • Assessing Officer
    • Appellate Authorities
    • Tribunal
  • International tax advisory & planning
  • Tax Diagnostics Reviews
  • Regulatory advice and support under Foreign Exchange Management Act (FEMA) Foreign Direct Investment (FDI) guidelines Reserve Bank of India (RBI) Securities and Exchange Board of India (SEBI) Companies Act
• Indirect Taxes 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 minimisation. Our Indirect tax practice provides services relating to Sales tax, Service tax, Custom and Excise duties. Services relating to VAT and anti-dumping duties are emerging areas of our practice. 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. Access to KPMG's global network of professionals helps us provide correct and timely advise at minimal cost, in areas relating to VAT and anti-dumping duties. 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. We also help our clients in approaching the European Commission to reduce their overall VAT incidence on cross border transactions.
• Sales tax The services offered include:
  • Advice on the applicability and levy of Central and State Sales tax laws or Works Contract tax
  • Assistance in the structuring of transactions and agreements in relation to inter-state and intra-state sales in order to minimise tax incidence
  • Conducting comprehensive Sales tax health-checks and studies to ensure that the appropriate advice is given in setting up warehousing locations to minimise Sales tax incidence
• Service tax The services offered include:
  • Advisory services with regard to applicability of the tax, as well as procedural compliance such as registration, assessments, to name a few
  • Review of contracts and agreements to help mitigate the overall incidence of service tax
  • Conducting Service tax health checks in order to determine the service tax implications on client operations, gauge compliance with legal provisions and suggest tax planning opportunities
• Customs The services offered include:
  • Advisory services relating to various aspects of custom law and applicable regulations - covering rates of duties, exemptions, valuation planning, classification assistance and assessments
  • Rendering advice on a wide range of custom procedures and documentation requirements, including those relating to 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
• Excise The services offered include:
  • Rendering advice on a wide range of issues relating to excise duty implications
  • Providing the right guidance to enable clients to make the most of excise duty concessions and relief
• VAT The services offered include:
  • Rendering advice on a wide range of issues relation to VAT implications on cross-border transactions
  • Assistance in claiming VAT input credits
  • Suggestions on the right strategy to minimise the global VAT incidence
  • Assistance in approaching the European Commission to seek appropriate relief