Indirect-Tax


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INDIRECT TAXES

GST/ VAT Compliance & Advisory and Litigation

GST i.e. Goods & Services Tax came into picture w.e.f. July 2017 which has subsumed all other indirect tax levies like Excise, Service Tax, Value Added Tax, Entertainment tax, Luxury tax, Entry tax, Octroi etc. With continuous changes in GST Law and 600+ notifications, circulars, orders from department, we have an evolving indirect taxation system in India leading to uncertainties as to the tax positions.
Today GST is applicable on all goods and services except Liquor for Human Consumption, Petroleum Products, Electricity and Building after construction. Value Added Tax is still applicable on Liquor and Petroleum Products.
Our Team of Experts will help you by providing following services-

Consultancy on Tax Minimization & Optimization strategies
Filing of GST Returns, TDS/ TCS Returns & other requisite Returns
Filing of VAT returns in case of Liquor and Petroleum Products
Advisory on filing of e-way bills in complex situations
Assistance in issuance of refunds especially for exporters
Tax Assessments before Assessing Officer
Representation before Tax Authorities, Appellate Authority & Tribunal
Assistance in litigation before High Court & Supreme Court
Handling and representation in GST Search, Seizure and Survey cases
Assistance in GST Arrest Cases through external Legal Counsel
Certification in context of law or tax department's requirement
Issuance of opinion on complex tax matters
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

GST AUDIT

With increasingly complex taxation system in India, Business & professional entities have been mandated to get their tax audit done if they cross the turnover threshold provided in the statute. The GST auditor is required to report if all the provisions of the law have been complied with and that the GST Returns prepared are in agreement with the Financial Statements.
The GST Department relies on the auditor's report to identify mismatches and propose additions. Our goal is to provide you with the following to avoid any possibility of such adverse additions:

Awareness about the provisions of law,
Early & periodical health check-ups to identify gaps,
Constructive feedback to improve processes.

Customs

International trade helps each country to make optimum use of its natural resources. Each country can concentrate on production of those goods for which its resources are best suited and import the rest. Exports and imports are thus crucial for the development and growth of national economies. We have a team of experienced tax professionals who deals with vide range of importers and exporters and help you in following services-

Advice on customs related matters including classification, determining rate of customs duty, valuation, benefits under notifications and duty free schemes, import-export procedures etc.
Advice on the impact of taxation on cross-border transactions.
Assistance in relation to various exemptions such as Export Promotion Capital Goods (EPCG), Advance Authorisation, Merchandise Exports from India Scheme (MEIS), Services Export from India Scheme (SEIS) etc.
Assistance in getting refunds and duty drawbacks from custom and GST authorities.

Service Tax and Excise

After GST came into picture since 2017, Service Tax and Excise was abolished. However, for a period of 5 years (and in some cases this limit is even more) from the end of a financial year, assessment and audit can be initiated for that particular financial year. Therefore, for such financial years, one has to keep the record of books of accounts.
We assist you in matters of Assessments, Appeals, Audits and other litigations before the Department.
In a bid to reduce litigation in Service Tax and Excise, the Sabka Vishwas (Legacy Dispute Resolution) Scheme (SVLDRS), 2019 was launched which strives to give erstwhile service tax and central excise assessees a window of opportunity to wipe their slate clean by settling their outstanding dues and litigation. We help you to evaluate whether this opportunity is beneficial for you or not and help you in the process of filing an application under the scheme.

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SHREY SAWHNEY
PARTNER

shrey@snsindia.in

KANCHAN SAWHNEY
PARTNER

kanchan@snsindia.in

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