Agarwal Puneet & Associates
Chartered Accountants
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Indirect Tax Services

Home Indirect Tax Services

Indirect taxes prevail in each and every part of a business. They have a huge impact on costing and profitability of the company, cash flow and other aspects of the business. It is imperative for business entities to examine its tax structures, undertake in-depth analysis of the tax costs and thrive for tax optimization. Precise documentation and compliance is must to be on the right side of the law.

The Goods and Service Tax (GST) introduced in July 2017 is radical tax reform. It has resulted in to comprehensive tax base and virtually all goods and services are taxable. While GST has been a game-changer, it has impacted the tax incidence, credit utilization, compliances and resulted into complete overhaul of the indirect tax system of business entities. We regularly assist Business entities revaluate their supply chain, contracts with customers/vendors and reset tax practices including compliance with E- Invoices, timely refund application and other fast evolving rules.

We offer you support to improve your day to day reporting for indirect tax and help you to manage your indirect taxes effectively. Our team can help you develop and refine your Indirect Tax Strategy and provide insights regarding applicability of indirect taxation on most types of business transactions. Out of box thinking coupled with our ability to identify and employ opportunities assists the clients in tax optimization whilst keeping litigation to minimum.

1. INDIRECT TAX ADVISORY

 Evaluate tax implications on existing or proposed business transactions
 Review contracts and agreements in order to identify the GST impact
 Assistance in identifying optimal valuation model for related party transactions under GST
 Evaluate the legal positions adopted and suggest changes, if any, under the GST regime
 Assistance to comply with the provisions of anti-profiteering rules under GST
 Advice on matters pertaining to import and export of goods into/from India
 GST Implementation
 Advice and tax planning on Blocked credit under GST
 Advice and tax minimization on reverse charge mechanism under GST
 Advice and implementation of inter branch transactions including cross charge and stock transfer under GST
 Advice and consultancy on routine matters under GST

2. INDIRECT TAX COMPLIANCE

 Obtain registrations under GST or other statutory legislations as required
 Obtain registrations under GST or other statutory legislations as required
 Review of periodic computation of GST liabilities
 Prepare and file periodic returns i.e. GSTR 1, GSTR 3B, GSTR 4, GSTR 9 & GSTR 9C
 Obtain LUT for export / SEZ sales under GST
 Prepare and review of various GST workings including RCM liability, blocked credit reversal, cross charge and stock transfer for inter branch transactions
 Prepare and review various GST reconciliations

3. INDIRECT TAX LITIGATION AND REPRESENTATIONS

 Draft responses to notices, enquiries and such other communication received from revenue/assessing authorities
 Preparation and filing of appeals against orders received from authorities
 Provide technical assistance and representation services during departmental audits
 GST, VAT and Service Tax Assessments

4. OTHER INDIRECT TAX SERVICES

 Conduct due diligence reviews from indirect tax perspective
 Conduct health-check reviews and ensure that tax compliances are adhered to
 Assistance in preparation and filing of representations before Advance Ruling authorities and other tax or government authorities
 Conduct management/personnel training for clear understanding of relevant GST provisions

Agarwal Puneet & Associates

B-205, Woodwind Apartment, Cardinal gracious road, Behind P&G Plaza, Chakala, Andheri East, Mumbai - 400099

puneet.agarwalaa@gmail.com

+91 784 999 5607

Services

Audit & Assurance Services
Direct Tax Services
Indirect Tax Services
Corporate Secretarial Services
Transaction Advisory Services
Business Advisory Services
Rera Regulatory Services
Other Services

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