Indirect Tax and Direct Tax
- Goods & Service Tax (GST)
We take the pride to be a part of implementation of one of the best tax reform of India which has brought One Nation One Tax and One Market. We undertake the following activities :
Matters pertaining to Goods & Services Tax
- GST Implementation & Setting up of System for various processes in GST Regime.
- Advisory Services and Legal Opinions.
- Transaction structuring / restructuring to optimize the benefits within legal framework.
- Valuation of goods and services.
- Audit and Assurance services.
- Risk and Compliance Management including Monthly support services towards compliances.
- Outsourcing Function.
- Litigation services including representation before Adjudicating authorities up to Tribunals.
- Refunds & Duty Drawback including Brand Rate Fixation.
- Customs
Customs Duty has been an important source of Revenue for the Central Government on import of goods & at the same time a tool to protect the domestic industry by leveraging the duty rates from time to time & also introducing anti-dumping duties & exemptions wherever needed.
Our expertise services will be for the following:
- Proper Classification of goods to levy proper duties & avail exemptions if any.
- Representation before Customs Authorities for assessment & litigation purposes.
- Applicability of All Industry Drawback Rates.
- Application of Brand Rate & obtaining Refunds.
- Custom Valuations Rules & SVB orders.
- Re importation & Exportation guidelines.
- EOU & SEZ units.
- Advance Authorization & EPCG Authorizations.
- MEIS & SEIS Scripts.
- Authorized Economic Operator (AEO) Program.
The concept of Transfer Pricing has assumed importance due to the increasing trend in the international transactions. It is not uncommon for the Corporate / Multinational Enterprises across the globe to set up a company or division in the other parts of the world. The transactions between these enterprises are known as “Related Party Transactions”. These related party transactions have raised certain complex issues from the point of view of taxation of each country. The ability of companies to control the prices in the related transactions, thereby, shifting the revenues to tax favorable jurisdiction or low tax jurisdiction, is a matter of concern for tax authorities worldwide.
As a result, prices adopted by Multinational Enterprises in related party transactions are increasingly being subject to scrutiny, and adjustments.
We undertake the following towards Transfer Pricing
- Inter Company Agreements.
- Global policies & Documentation.
- Certification of Related Party international Transactions Reports.
- Certification of Related Party DomesticTransactions Reports.
- Transfer Pricing study & preparation of Reports.
- BEPS compliances.
- Representation & litigation.
Taxation is an important aspect of any business activity and India being an emerging economy is witnessing rapid changes in tax laws . The tax changes or clarification may have retrospective implication on the transactions. The organization needs to be informed with these evolving changes so as to take decisions. The income tax act offers fiscal benefits like exemptions, weighted deductions on expenditures. These benefits can substantially improve return on the investment on any project.
Our highly experienced team of professionals has been advising and assisting companies across a spectrum of matters relating to.
- Direct Tax Advisory and Consultancy.
- Tax Audit & Certifications.
- TDS & Other Compliances.
- Corporate & Individual Return Filling.
- Tax Health Check-up.
- Due Diligence.
- Withholding Tax& Advance Tax.
- Cross Boarder Taxation (Transfer Pricing Strategies and Compliances) and.
- Appeals & Representation.
- CSR Compliances.
We provide tax solutions for complex transactions or business arrangements, tax planning for business reorganizations, tax planning for projects like SEZ, infrastructure project etc. We provide on call support on direct tax advisory, assistance in corporate tax compliances ranging from advance tax computations, preparation and filing of returns, assistance with documentation requirements to support the planning and positions adopted.
Direct Tax Report has been prepared by the Task Force & submitted to Finance Minister, we all are looking for the final outcome which will be a very positive step in simplification of Direct Taxes. We at eTime will be closely monitoring the outcome & will be early adapters of the new law.