Indirect Tax Services

GST has been the biggest game changing tax reform the country has witnessed since Independence. With effect from July 2017, a plethora of indirect tax levies of the Centre & the States have been subsumed into a single uniform tax, thereby mitigating the complexity and cascading effect of such earlier levies. As GST affects every aspect of the business, from Tax Accounting & reporting, ERPs, profitability, cash flows, financial reporting to supply chains, IT, marketing and contract negotiating, it becomes imperative that the industry adapts to the changing environment.

This holds true not only at the domestic front but also at the international level with the rapidly evolving dynamics of cross-border trade between nations and increasing digital economy. The countries, including India, are tightening their EXIM policies to protect their domestic industries from injuries on one hand, while devising measures to enhance their export sectors on the other, compliant with WTO norms. 

Sudit K. Parekh & Co. LLP is a one stop shop for all the solutions for the businesses in India. The Firm holds expertise in the following areas, with the team of professionals navigating the businesses safely through the soaring tax & regulatory tides under Indian indirect laws.

  • Advisory
  • Compliances
  • Litigation Support
  • Value Add Services
  • Advisory, advocacy and representation services under all Indian indirect tax laws
  • Contract reviews and recommending optimal tax structures from an indirect tax perspective
  • Advisory, advocacy and representation for specific incentives and tax benefits (SEZ, State level incentives etc.)
  • End to end compliances under provisions of Indian GST law – right from registrations to closure of audit and tax assessments
  • Support services to ensure timely and expeditious release of Indirect tax refunds
  • Assistance under Customs regulations (SVB investigation, Duty drawback claims) 
  • Litigation management services
  • Dashboards and tracker tools for specific matters under indirect tax laws
  • Health-checks, due diligence and audits
  • Trainings
  • EXIM benefits review & optimization under Foreign Trade Policy