Direct Tax Consultancy

Taxation is an extremely complex subject and needs professional skill of the highest order and the consultant has to continuously upgrade to keep track of frequent changes and modifications made in the Income tax rules generally in every Budget. We help our clients to manage their taxes so that the business can be run efficiently and without any fear of the tax department. We provide expert advice in tax planning and management. Our tax consultancy services include international tax planning, Fringe benefit tax consultancy, Indian direct tax consultancy and wealth tax consultancy.

Transfer Pricing Consultancy
Transfer Pricing Regulations were introduced in India for the A.Y 2002-03 and has been constantly evolving since then. We offer highly specialized Transfer Pricing consultancy which includes-

  • Selection of the most appropriate Transfer Pricing Method and ensuring that the accounts of the company are in accordance with the method selected.
  • Preparation of the Comprehensive Transfer Pricing Study to be submitted to the Tax department.
  • Representing the company before the Income Tax department for assessment of the Transfer Pricing methodology used by them.

Tax Compliances
Preparation and filing of various statutory returns and documents with the revenue authorities periodically is a requirement of all business entities. A plethora of paper work is involved in filing numerous tax returns on quarterly, half - yearly and yearly basis. It is always a very complicated and lengthy process to be complied with punctually and regularly. Failure of compliance attracts heavy penalties and even prosecution in certain cases. We help the business entity in preparation and submitting of all requisite returns with the government.

Tax Representation
The Income tax department continuously by adopting certain methods, which vary from year to year, picks up certain Income tax returns for detailed scrutiny. The scrutiny generally involves preparation and submission of detailed documents and information. It also entails the skills of the person representing the case so that tall information is provided in such a manner to the Assessing Officer that there is no cause for any additions. The tax representative, therefore, has to be a very knowledgeable, experienced and an eloquent counsel to be able to derive full justice from the revenue authorities lest the client should face any harassment or undue loss. The representation is also done after the first assessment stage, before the Commissioner (Appeals) or the Income Tax Tribunal. Needless to say representations before higher authorities needs more skills, which we at Anubha & Raman possess.

Tax Assistance
Our tax services include:

  • Getting yourself registered with Income Tax Authorities i.e getting Permanent Account Number (PAN)
  • Filing of Income Tax Returns
  • E-filing of TDS Returns
  • Consultancy on Income Tax Matters
  • Consultancy on Tax Planning & Savings
  • Consultancy on Double Taxation.
  • Consultancy on International Taxation
  • Liaison with Income Tax Authorities
  • STPI registrations
  • SEZ registrations
  • Tax deduction account numbers
  • Services related to withholding taxes

Indirect tax Consultancy
Goods and service Tax:
GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.

In the earlier indirect tax regime, there were many indirect taxes levied by both the state and the centre. States mainly collected taxes in the form of Value Added Tax (VAT). Every state had a different set of rules and regulations.

Inter-state sale of goods was taxed by the centre. CST (Central State Tax) was applicable in case of inter-state sale of goods. The indirect taxes such as the entertainment tax, octroi and local tax were levied together by state and centre. These led to a lot of overlapping of taxes levied by both the state and the centre.

For example, when goods were manufactured and sold, excise duty was charged by the centre. Over and above the excise duty, VAT was also charged by the state. It led to a tax on tax effect, also known as the cascading effect of taxes.

The following is the list of indirect taxes in the pre-GST regime:

  • Central Excise Duty
  • Duties of Excise
  • Additional Duties of Excise
  • Additional Duties of Customs
  • Special Additional Duty of Customs
  • Cess
  • State VAT
  • Central Sales Tax
  • Purchase Tax
  • Luxury Tax
  • Entertainment Tax
  • Entry Tax
  • Taxes on advertisements
  • Taxes on lotteries, betting, and gambling

CGST, SGST, and IGST have replaced all the above taxes.

GST Registration:

In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.

For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.

GST registration usually takes between 2-6 working days. We’ll help you to register for GST in 3 easy steps.

*CBIC has notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will come into effect from 1st April 2019.

GST Services:

We provide the following services relating to GST:
1. Registration of entity.
2. Filing of all the returns.
3. Reconciliation of differences between inputs and actual bills.
4. Refunds pertaining to excess input credits.
5. Appeals against orders of first assessment.
6. Tax planning under GST.

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