We provide assistance in VAT and CST compliances including outsourced compliance or review of compliances such as

  • Computation/review of tax computation as per the relevant provisions in the respective State VAT law/CST, review of sales and purchase
    details, calculating tax deductions and local State VAT exemptions along with other allied taxes such as additional tax, turnover tax,
    surcharge, other compliance requirements, tax positions taken by the Company with respect to presentation of particular items in returns
    and general advice in respect of determining the amount of input credit/ set-off that can be availed and reporting of this credit in the
    returns to be filed;
  • Obtaining statutory declaration forms for concessional rate/exemptions which includes suggesting/developing optimal operating models
    to collect forms thereby reduce exposure to potential tax liability, interest and penalties
  • Assistance in VAT audits which would cover review of audit report schedules for compliance under respective State VAT law (duly
    reconciled with audited financials) comprising of examining the audit schedules basis the underlying returns, payments, forms and
    certificates, sample check of documents and books, high level review of tax rates applied, computation of tax and set-off claimed, examine
    the audit file and supporting documents for assessment preparedness, etc
  • Assistance in relation to VAT/CST assessments namely preparing submissions to be presented before the assessing officer, making
    representations and attending the assessment proceedings, review and analyze assessment orders issued by the sales tax authorities of
    various States and advise the Company on the possible future course of action such as appeals, etc