Overview :

Despite the various reforms carried out in the past few years, the prevailing Indirect tax regime in India is still in the state of evolution. It comprises plethora of laws, rules and regulations at the central and the state level. At its present structure, it poses unique challenges to business organisation and often have significant impacts – on cash flow, absolute costs and risk exposures. The Government is striving continuous changes in the Indirect Tax Laws to make it more assessee friendly. Proposed implementation of GST is an active step to integrate all indirect tax laws (Central Excise Duty, Customs Duty, Central Sales Tax, Value Added Tax (VAT) and Service Tax) under one law. In this direction, major step has been taken by introducing Negative List based Service Tax Regime which is being considered as significant move towards smooth transition to GST. We, at S K Patodia & Associates, have dedicated team of experts providing multidimensional professional services in various Indirect Tax Laws. Our team gives you the perspective and support to manage indirect taxes more effectively and efficiently.

Advisory & Opinions :

Indirect Tax in India is characterised with frequent changes and modifications which need to be adopted by business instantaneously. It requires assistance of professionals who can analyse the impacts of those changes on the business and may assist on their proper implementation. We provides legal opinions and consultancy on Indirect Tax laws which helps you to implement best practices in your business. It also reduces possibility of confrontation with the revenue authorities on taxation and compliance issues.

Indirect Tax Review :

Certain practices may be developed in the ongoing business which may be inconsistent/non compliant with the law. It require assistance of professionals who can review the business practices with taxation perspectives. We offer services of comprehensive reviews of business operations to identifying compliance levels, assessing risks and avenues for cost savings. We provide you with effective processes to improve your day-to-day reporting for indirect tax. We also carry out indirect tax due diligence in case of corporate merger/demerger/restructuring.