Indirect Tax
Indirect Taxation envisage a tax imposed on business transaction based on a scheme of taxation on value addition (VAT) at each stage of supply whereby the outward supply of goods and services is charged to tax and credits are allowed of the tax paid on inward supply. Majorly under Indirect Taxation, it is the supply of goods and services which is the subject matter of taxation (GST) and payment thereof after due credits of tax on inward supply to ensure effective tax pay-out on value addition only.
VGNC offers all the professional services in the field of indirect taxation under GST law including
- Business Study and Evaluation Reports of GST implications and tax logistics
- Advisory on Contracts & Agreements throughout distribution & supply chain with assessment of GST implications and providing workable solutions
- Related party transactions and valuation under GST
- Advisory on ITC claims & refunds and due compliance & ITC documentation
- Advisory and compliance services pertaining to exports of goods and services
- Advisory & Compliance services pertaining to survey, search and detention proceedings.
- Services pertaining to anti-profiteering rules
- Advisory & Compliance pertaining to various exemptions and schemes as per law
- Compliance services pertaining to various returns & statements and records to be maintained as per law
- Representation before tax authorities in assessment, reassessment, penalty and revision proceedings, including faceless e-proceedings
- Representation before Authority for Advance Ruling (AAR) and Appeals therefrom
- Litigation before Appellate Authorities, Tribunals, High Courts and the Supreme Court.