Introduction of GST

The GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as servicesat the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and state governments.



Taxation Service

Direct Taxes

Changes in Indian Direct Tax Laws have now become an annual affair and at times happen even more frequently. Amit Shah & Co. keeps abreast of all such changes made in Direct Tax Laws, so as to provide quality services to its clients.

Due to its in-depth research in the field of Direct Taxes, locally as well as internationally, as well as on account of close and regular interaction with the Indian Tax authorities, Amit Shah & Co. is able to provide pragmatic solutions to its clientele. Its range of services in this area includes

Income Tax

  • Consultancy on various intricate matters pertaining to Income tax.
  • Effective tax management, tax structuring and advisory services.
  • Tax Planning for Corporates and others.
  • Designing / restructuring salary structure to minimize tax burden.
  • Obtaining Advance tax Rulings.
  • Services of experts made available.
  • Obtaining No Objection Certificates from Income tax department.
  • Obtaining PAN for assessees, employees etc.
  • Assessing the liability towards deferred taxes.
  • Providing regular updates on amendments, circulars, notifications & judgments.
  • Filing Income Tax and Wealth Tax returns for all kinds of assessees.
  • Filing Income tax returns for employees of corporate clients.
  • Liaison with Income tax department for rectification, assessment, obtaining refunds etc.
  • Expertise in complicated direct tax assessments.
  • Filing and pleading appeals under various provisions of IT Act.
  • Special expertise in search, seizure and prosecution litigation.
  • Advice on future tax implications in respect of the potential acquisition.
  • Opinions on the various Double Tax Avoidance Agreement related issues.


Taxation Service

Indirect Taxes

In India, indirect taxes form a significant proportion to transaction cost. It is, therefore, critical to factor in such tax costs upfront and through appropriate planning, reduce the costs to the extent possible. Indirect taxes are applicable to activities that span from manufacturing to final consumption, including distribution, trading and imports, as well as services, thereby impacting all types of businesses. We offer comprehensive advice and assistance in the areas of indirect taxes specially Service Tax and VAT. All this is backed by litigation support at every stage. Services offered are in the nature of Strategic Consulting and Advisory, Compliances and Litigation support.

Strategic Consulting and Advisory, Compliance and Litigation support
  • Structuring of contracts/transactions to optimize indirect tax incidence.
  • Formulating indirect tax efficient business models.
  • Conducting VAT impact assessment studies.
  • Undertaking comprehensive reviews of business operations.
  • Conducting indirect tax specific due diligence reviews.
  • Advice on classification, valuation, applicability of taxes on transactions and admissibility to tax benefits/exemptions.
  • Opinions on indirect tax issues.
  • Identification of innovative tax planning opportunities.
  • Indirect tax compliance support/outsourcing.
  • Single point contact & centralized coordination for tax payments, filing of returns & compilation of documents.

Service Tax

  • Service tax Registration.
  • Consultancy for maintenance of proper records.
  • Consultancy for proper accounting for Service tax.
  • Consultancy on various issues relating to Service Tax.
  • Compilation of data of Cenvat credit.
  • Assistance in availment of notified Abatements.
  • Utilization and availment of service tax credit in accordance with the Service Tax Credit Rules, 2002.
  • Computation of Service tax payable.
  • Preparation and filing Returns.
  • Getting assessments done.
corporate-profile

Value Added Tax (VAT)

  • Getting Sales Tax Registration under Central Sales Tax Act and Delhi VAT.
  • Consultancy on matters related to Sales Tax including Tax planning.
  • Preparation of VAT (Value Added Tax) returns.
  • Designing / restructuring salary structure to minimize tax burden.
  • Filing of Electronic/Manual VAT returns.
  • Help in obtaining statutory forms
  • Liaison with VAT authorities.
  • Getting Sales Tax Assessments done.
  • Filing and pleading appeals wherever necessary.

Professional Tax

  • Registration:The firm takes up the responsibility of Registering the client's organization under the Professional Tax umbrella.
  • Filing of Returns:The firm provides advisory services and guides the clients in preparing and filing the Professional Tax returns.
  • Representation:The firm undertakes preparation of written submissions and appearing before the tax authorities.
  • Advisory Services:The firm gives advisory services and consultancy as per the requirements of the client.

Excise

  • Classification of goods.
  • Registration.
  • Assistance in Documentation of and Records to be maintained.
  • System implementation.
  • Preparation & Filing of periodicals returns.
  • Assessment.
  • Compliance Audit (to ensure compliance under Excise).
  • Drafting replies including for Show Cause Notice issued.
  • Appeals to the various Appellate Authorities.
  • Assisting in preparation for Excise Audit under EA - 2000.
  • Application for Advance Ruling.
  • Providing clarifications and written opinions on specific issues.