Helping Clients Keep More of what they Earn 

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Advisory Services

Litigation Services

Compliance Services

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                              Helping Clients Keep More of what they Earn 

5  

Procurement, manufacturing and distribution

In India, the indirect taxes applicable to the procurement, manufacturing and distribution functions are complex since they involve an inter-play of taxes that apply at different stages/transactions and at different levels i.e. central, state and local. A number of indirect taxes typically apply to transactions in the supply chain, including Excise duty, Sales tax (including works contract tax and lease tax), Service tax and VAT. We provide a range of services to our clients whose businesses involve procurement, manufacturing and /or distribution. These include:

   

• Assistance in establishing units, obtaining necessary government approvals 

• Classification, valuation and dutiability 

• Contract negotiation and structuring 

• Identification of benefits and concessions

• Developing operating structures for tax optimisation 

• National tax administration

• Due diligence and diagnostic review 

• Cross credit review under integrated credit regime 

• VAT impact analysis and pricing state  

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                              Helping Clients Keep More of what they Earn 

7  

Special Economic Zones

Special Economic Zones or SEZs are being created to provide an internationally competitive environment for export promotion and encouraging investment. SEZs have been provided various tax and duty exemptions and concessions. The importance of SEZs as a business model is evidenced by the fact that numerous business houses (both Indian and foreign) are setting up large SEZs in various parts of the country.

Our offerings with respect to the SEZ scheme are:

• Advisory assistance, identification of benefits and exemptions under the SEZ scheme

• Assistance in development of/setting up of SEZs/units in SEZs

• Assistance in liaison/representation before Central/State government officials for obtaining requisite approvals.

Engineering Procurement and Construction Contracts

An Engineering Procurement and Construction (EPC) contract in India is significantly impacted by indirect taxes. Customs duties, Sales tax/VAT including Works contract tax, Service tax, Research & Development cess, Octroi/Entry tax and Cenvat (Excise Duty) are all likely to impact these projects.

We help clients in managing and structuring their EPC contracts efficiently. The specific areas of assistance are enumerated below:

• Assistance in structuring tax efficient bid/notice inviting tender

• Review/restructuring of contracts for tax efficiency

• Advisory assistance pertaining to optimizing the impact of indirect taxes

• Assistance in obtaining registrations and approvals

• Comprehensive range of compliance services, including registrations and management of all tax related obligations

• Identification of benefits and exemptions

• Assistance in proceedings and litigation support

                                 

                              Helping Clients Keep More of what they Earn 

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Health checks and operational reviews

We provide a one-time review of the comprehensive indirect tax compliance and positions taken by our clients to ensure that their company’s indirect tax function operates with maximum efficiency. Our services not only include risk assessments and evaluations but also highlighting potential areas of exposure that may be encountered by business (compliance as well as structure of operations). We systematically share the best practices and industry knowledge to ensure our ideas and solutions address our clients’ concerns. The services which we provide in this area are:

• One-time review of the comprehensive indirect tax compliance and positions taken(Customs, Excise, Service Tax, Sales Tax and other ancillary indirect tax laws)

• Evaluation of existing business models in the context of optimising indirect taxes

• Risk assessment of practices (review of contracts, documents, declarations, processes) being followed by the company to identify areas of exposure

• Advice on corrective measures that could be adopted, to mitigate risks

• Identification of planning areas to optimize tax incidence

• Highlighting potential areas of exposure (compliance as well as current structure of operations) and providing assistance on resolution.

 

 

 

 

 

 

 

 

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