Tax & Regulatory Services

Corporate Tax - Advisory

One of the key functions of the Government is to implement Tax Policies which has a significant impact on the viability of any business structure. Therefore, corporate entities have to continuously re-align their business structure to either take benefit of a benevolent tax policy or to mitigate tax exposures. The increased frequency of these tax changes also leads to business uncertainty resulting in major impact to profitability.

We assist our Clients in navigating through these policies for identifying tax saving opportunities which are in line with their business model and risk profile while adhering to compliance requirements.The Firm also connects on a seamless basis with its Clients to offer proactive solutions for mitigating cumbersome litigation, which takes away focus from business operations.

Indirect Tax - Advisory

In India, the field of Indirect taxes is very complex and dynamic since Government makes frequent amendments in these Legislations which are federal and State specific. Additionally tax position also change due to divergent judicial pronouncements. The Firm provides advisory services in all areas of Indirect Taxes i.e. Service Tax, Customs, VAT/CST, Central Excise & EXIM, thus addressing Federal and State legislation issues simultaneously. This leads to Clients getting a rounded view on business and regulatory issues.

The Firm advises on entry/exit strategies, pricing, supply chain, ERP structure, documentation, drafting including review of various agreements, record keeping, compliances, etc. Particularly in State specific Legislations, like VAT, the Firm is able to address issues arising in all the States of India because of its reach in all these States.

Customs Transfer Pricing

Similar to the provisions of Transfer pricing under Direct Tax, imports of goods into India from Related parties are governed by transfer pricing regulations under Indian Customs Act. Importance of these regulations is manifested by the fact that an adverse ruling would severely jeopardize entire business plan and majorly hurt sales and margins simultaneously.

In this area of practice the Firm has successfully undertaken numerous assignments for various Clients by advising on the company structure, pricing strategy, drafting and reviewing agreements, documentation, etc. It has also provided assistance by representing Clients before Indian Custom Authorities at all stages and has a history of getting positive rulings.

Retainer ship Services

The Firm provides Retainer ship services in the areas of Direct and Indirect taxes whereby these functions in the Company get addressed on a day-to-day basis, thus permitting Clients to focus only on business. More importantly in a tax arena, knowledge of tax history is very important and here the Firm safeguards Clients against any manpower turnover which generally results in breakdown of past tax knowledge. In this area, the Firm takes care of advisory, tax calculations, entitlement of tax credits and compliance requirements of the Client.

Tax Dispute Resolution

The dynamic nature of Tax legislations, leads to lot of controversies resulting in disputes with tax authorities. The litigation cost is huge primarily due to multiple appellate levels, conflicting decisions and efflux of time in attaining finality to tax disputes. Such litigations consume a lot of corporate time, cost and leads to business uncertainty.

The Firm has been assisting Clients in negotiating through these controversies by making suitable representations at various Appellate and Writ Court levels. The Firm handholds Clients through the entire litigation process.

Our experienced team assists Clients in:

• Identifying key controversial issues in tax conflicts
• Representing clients before tax, appellate authorities and writ courts
• Preparing submissions before tax, appellate authorities and writ courts
• Briefing Senior Counsels on the dynamics of the case
• Ensuring implementation of the order

International Tax

On the tax side the single biggest challenge faced by any Corporate is to seamlessly align local and foreign taxes in a manner that effectively addresses business objective of maximizing tax savings, improving margins and growth in business.

Our specialized team of professionals advises Clients on host of issues related to cross-border taxation, company structuring, treaty benefits, inbound and outbound investments. We have professional working relationship with International transfer pricing experts to address local issues for investments outside India. The Firm is well equipped to provide holistic advice because it has in-house expertise in other areas like accounting, legal and regulatory.