Indirect tax consultancy
Indirect Tax Consultancy
An indirect tax is the tax collected by an intermediary from the person who bears the ultimate economic burden of the tax. It in fact increases the price of goods so that consumers are actually paying the tax by paying more for the products. The examples of indirect tax are service tax and value added tax (VAT). Here, the intermediary later files a tax return and forwards tax proceeds to the government with the return.
As indirect tax consultants, our indirect tax services are as follows:
Service Tax
- We provide advisory services with regard to applicability of the tax and procedural compliance like registration, assessments etc.
- We help to review contracts and agreements to help mitigate the overall incidence of service tax.
- We help in conducting Service tax health checks to determine the service tax implications on client operations, gauge compliance with legal provisions and also suggest tax planning opportunities to our clients.
VAT
- We provide expert advice on a wide range of issues related to VAT implications on various transactions.
- We assist in claiming VAT input credits and refunds
- We suggest on the perfect strategy to minimize the VAT incidence.