RSM India

Indirect tax

Indirect tax is a maze of various statutes and regulations.

Given the federal structure of India, indirect taxes are levied by both the central and state governments. Each individual state has its own value added tax (VAT)law in addition to central laws. We have with us, professionals having in-depth knowledge and wide-ranging experience to help you in effective planning and structuring of your business to achieve fiscal efficiency and ensure compliance of the regulations. We recognise that indirect taxes are of strategic importance to your organisation since they can form a considerable part of your turnover. In some cases they may affect 20% to 30% of a company’s yearly turnover.

How we can help:

We provide assistance under all the indirect taxes statutes, viz.:

  • Central Excise
  • Customs and Service Tax regulations
  • State VAT and Central Sales Tax regulations
  • Goods and Services Tax (GST) regulations

Apart from the above, the following regulations are also closely associated with the indirect tax authorities and regulations:

  • Special Economic Zone (SEZ) regulations
  • Software Technology Parks of India (STPI) regulations
  • 100 % Export Oriented Units (EOU) regulations
  • Foreign Trade Policy (FTP) regulations

Advisory services:

  • Formulating tax efficient business models
  • Undertaking comprehensive reviews of business operations
  • Structuring of contracts / transactions to optimise tax incidence
  • Advising on classification, valuation, applicability of taxes on transactions and admissibility to tax benefits / exemptions
  • Conducting tax impact assessment studies
  • Identification of fiscal optimizing opportunities

Compliance services:

  • Preparation of customised compliance manuals based on the recent developments in all indirect taxes on the statutory as well as the judicial front in the form of standard operating policy and procedures
  • Single point contact and centralised coordination for tax payments, filing of returns and compilation of documents
  • Indirect tax compliance support / outsourcing

Other value added services:

  • Cenvat / input tax credit review
  • Review of indirect taxes - special audits
  • Due diligence review
  • Litigation support and representations
  • Goods and Service Tax (GST) change management study and GST transition

 

Indirect tax - Advantage RSM

  • RSM in India consistently ranks amongst India’s top six accounting and consulting groups
  • Globally, RSM is the seventh largest audit, tax and consulting network and the sixth largest provider of tax services by revenue
  • Wide exposure across different jurisdictions in both industry and service sectors
  • Dedicated indirect tax teams of highly experienced professionals viz. Chartered Accountants, Law Graduates, Cost Accountants, Management Graduates, etc.
  • Customised solutions to cater to your unique requirements
  • Emphasis on ensuring compliance in a rapidly evolving regulatory and business environment

 

How can we help you?

Contact us by phone +91 22 6108 5555 or submit your questions, comments, or proposal requests.

Email us