TAX

Helping with Indian tax challenges faced, wherever you are in the world

We help solve your tax challenges. We provide pragmatic solutions for multi-national companies, Indian companies, expatriates, non-resident and resident Indians. In this endeavour we are immensely helped by our extensive knowledge of taxation practices and our regular interaction with the tax authorities.

Tax

Considering the ever-developing Income Tax laws, it is essential to know the correct position of law at a given point of time. We ensure that all the aspects of all laws are taken into consideration while rendering the advice:
  • Effective Tax Planning & Strategy
  • Transfer Pricing Strategies and Transfer Pricing Planning Report.
  • Advance Pricing Agreements (both unilateral and bilateral)
  • Evaluating exposure of Permanent Establishment, Applicability of Place of Effective Management, Availability of Tax Credit
  • Transaction Tax Advisory on Internal Group Restructuring, M&As, Cross border transactions with a view to optimizing tax incidence
  • HNI Tax Management
  • NRI Tax Management
  • Promoter restructuring & Succession planning
  • Taxation of Trust
  • DTC, GAAR Advice
  • Fund structuring
  • ESOP Tax Advisory
  • Structuring of Employee remuneration
  • Expatriate taxation advisory services
  • Conducting tax compliance review
  • Withholding Tax Advisory
  • Evaluation of tax treaties to examine taxability and availability of tax treaty relief
  • Assistance in obtaining Tax Clearance Certificates
  • Income Tax Return filing for corporates and non-corporates
  • Withholding Tax (TDS) Compliances
  • Transfer Pricing Study report and Documentation
  • Advance Tax Computation
  • Remittance Certificates
  • Developing Tax Litigation Approach
  • Complying to Notices and Appearance before Tax Authorities
  • Representation before judicial authorities in assessments and appeals
  • Assistance in preparing submissions
  • Advance Rulings & Competent Authority Proceedings
  • Handling and representation in income tax Search, Seizure and Survey case
  • Assisting Senior Counsel for matters in High Courts and Supreme Courts
With the advent of Goods & Services Tax (GST) in India effective July 1, 2017, it has been the most dramatic change in its indirect tax structure in the last 70 years. GST subsumed multiple taxes and levies leading to rationalisation and simplification of the tax structure. The cascading effect of multiple taxes is replaced by a seamless mechanism for availing offsets at various stages of the value chain. The interface with tax authorities as well as Physical barriers to movement of goods are reduced to a great extent. However, GST being a new law, brings its own issues. A good understanding of the law and its procedures is not widespread, and the chances of errors and consequent risks remain high currently. Our GST services are designed to help you navigate these uncharted waters and mitigate implicit risks. Being well-informed about GST is crucial for being updated with the latest happenings on GST front. GST Experts from our company provide advisory services in GST related matters by leveraging technology solutions. You need tax strategies aligned with your business drivers, built on effective compliance and open transparent reporting. So we create highly networked teams who can advise on planning, compliance and reporting and at the same time maintain good relationships with tax authorities.
We at JSC, provide the following services in the field of GST:-
GST Advisory Services
  • GST Tax structuring opinions or GST tax planning reports
  • Opinion on GAT Rates applicable
  • Customised business-based GST Opinions
  • Opinion on tax implications on existing or proposed business transactions
  • Review contracts and agreements in order to identify the GST impact, from the perspective of Procurement, Manufacturing and Distribution
  • Identifying optimal valuation model for related party transactions under GST
  • Evaluate the legal positions adopted and suggest changes, if any, under the GST regime
  • Advisory on compliance with the provisions of anti-profiteering rules under GST
GST Compliances
  • GST Registrations
  • Filing GST Returns periodically
  • Verification of input tax credit records and identification of ineligible credits
  • Review of periodic computation of tax liabilities. Ensuring the most efficient use of input tax credits
  • Filing requisite statutory applications with various authorities
  • Detailed reconciliation of input invoices with the invoices actually reflected by the vendors on their GST portal
  • GST E-way bill services
  • Expert advice on any issue relating to GST
GST Refund
  • Advising client in adopting the best method for refund of GST
  • Filing refund applications
  • Advising the documents to be prepared for filing the refund
  • Liasoning with the department for getting the refund processed and solving their queries
In India, apart from GST, some of the significant indirect taxes are Custom Duty, Central Excise Duty, Central Sales Tax, Service Tax, Professional Tax, Stamp Duty (at the Federal level), and VAT, Stamp Duty and Entry Taxes (at the State level).
Indirect Tax Advisory
  • Indirect Tax opinions
Indirect Tax Litigation
  • Drafting responses to notices, enquiries and such other communication received from assessing authorities
  • Filing of appeals against orders received from appellate authorities
  • Representation before the appropriate authorities and engaging external legal counsel, if required

Case Points

As seasoned Indirect tax advisors, we have helped all out clients transitioning from Sales Tax to VAT to GST. 2000+ Large, MSE, HNI and Individual clients file their GST and Income Tax returns with us.

Our client in 1991, a construction contractor was carrying out it’s business as a partnership concern. Not only did we transformed the group to a Limited Company in 1999 but also advised in further fund raising upto 2000 Crores.
We were one of the first to advise any company to claim 80IA tax benefit (claiming deduction for infrastructure company) in year 1991. This tax planning and structuring has been accepted in the High Court. We have been instrumental in our client having a tax benefit of approx _____ crores which has stood the test of Income Tax Litigation. A tax structuring that was has a huge positive impact and too them to an an Initial Public Offering ( IPO) in 2004 in the first place.

JAYESH SANGHRAJKA & CO LLP

Connect With Us