Indirect Tax Services
 
An indirect tax is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the customer). An indirect tax is one that can be shifted by the taxpayer to someone else.
Indirect taxes such as a Service Tax, Sales Tax or a Value Added Tax (VAT) are imposed only if and when a taxable transaction occurs. An indirect tax may increase the price of a good so that consumers are actually paying the tax by paying more for the products. Here, the intermediary later files a tax return and forwards tax proceeds to the government with the return.
Goods and Services Tax ("GST")
GST is implemented from July 2017 across India. Key highlights:
Destination-based consumption tax, i.e., tax on inter-state supply to accrue to the destination state
Dual GST model- CGST to be central tax and SGST to be state tax
IGST on inter-state transaction, to be shared between centre and states
Single taxable event, i.e., supply
Four tier tax rate and creditable compensation cess
Matching concept introduced for admissibility of credit

We advise many companies for GST related compliances such as Conversance to GST from existing VAT/Service Tax/Excise Duty, GST impact analysis study for companies, General advisory and training for GST, Regular routine compliances under GST.
Sales Tax Consultancy
  • Advice on the applicability and levy of Central tax and State Sales tax laws or Works Contract tax.
  • Provide assistance in the structuring of transactions and agreements in relation to inter-state and intra-state sales in order to make the tax incidences to the minimum.
  • Conduct comprehensive Sales tax health-checks and also studies to ensure that the appropriate advice is given in setting up warehousing locations to minimise Sales tax incidence.
 
 
     
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