Taxation Services in Kochi & Calicut

Our Corporate tax division comprises of personnel who possess several years of experience and expertise in tax consultancy and management.

We endeavour to identify potential threats & opportunities and advise on appropriate strategies to mitigate exposure and optimize tax incidence on our clients. We strive to develop a detailed understanding of our clients’ business ecosystem and industry sector to offer insights on sectoral developments and assist our clients to develop effective strategies and business models. We help businesses to maximize value by identifying and implementing comprehensive strategies for corporate, international and local taxes. This helps ensure that the cascading effect of all taxes together is minimal on our clients.

The basis of expertise is advisory and successful implementation at cross section of industries which have stood the test of successful acceptance at various assessment and judicial levels.

• Corporate Taxation Advisory Services: Advising Companies / Corporations on their Income Tax matters, including  Foreign taxation matters on Indian corporations.
• Tax Management Services: successful tax compliance.
• Tax Appeals: Drafting and representing tax appeals before various appellate authorities like Commissioners/ Appellate Tribunal.
• Tax Planning: Advising clients on structuring tax-efficient business planning, including restructuring of business eg. Amalgamations/ merger etc.
• Services relating to Foreign Collaboration Agreements, NRIs taxation, Double Tax Avoidance Agreements Reliefs, Transfer Pricing etc.
• Liaising with Senior Tax Counsels for obtaining legal opinions, conducting tax litigations i.e. appeal court references and writ petitions etc.

GST, the biggest Indirect tax reform in India, has been made effective from 1 July 2017. Our services in relation to the GST inter alia include the following:

• GST implementation services in case of newly set up organizations, review of the GST implementation in case of old organizations
• Conducting Health Check / Credit reviews to identify planning opportunities and optimizing the overall indirect tax incidence;
• Undertaking due diligence reviews, both sell side and buy side;
• GST advisory services on all matters including stock transfers, classification, valuation, input tax credits, registration requirements, ISD, refunds, export benefits, cross charges, job work, reverse charge mechanism etc. The advisory inter alia include services such as supply chain cost optimization, review of contracts from GST perspective, recommendations on tax clauses, negotiations with vendors/ customers, drafting of indemnification clauses, advising on day to day GST issues, automation solutions in compliances, developing of SOPs for compliances
• Advice on execution of turnkey projects / EPC Contracts involving planning at the pre-bidding stage, structuring of contracts, identification of tax optimization opportunities, devising the most tax efficient models and comprehensive range of compliance services subsequent to the bidding stage, etc
• Conducting anti-profiteering studies and assistance in relation to anti-profiteering certification, assistance in relation to ITC – 02 certification for transfer of credit in case of sale, merger, de-merger, amalgamation etc of entity
• End to end assistance in relation to GST enquiries and assessments, including representation before the Tax Authorities
• Preparation of application for obtaining of advance ruling and representation before the Authority for Advance Ruling/ Appellate Authority of Advance Ruling
• Drafting replies to show-cause notices and appeals, including representation before Adjudication and Appellate Fora
• Complete outsourcing of GST compliances on presence across India basis such as obtaining registrations, periodic and annual compliances, preparing reconciliations, analysing eligibility of input tax credits etc
• Assistance in relation to yearly GST Audits and credit reconciliations
• Drafting, filing and processing of refund claims such as refund of unutilized credits in case of export of goods/ services, refunds in case of inverted duty structure, refund in case of export with payment of tax etc
• Conducting trainings for clients and setting up GST help desks at client locations

• Advising Companies, Firms and Individuals on Planning
• Indirect Tax Management| Attending to registration, renewals, periodic returns and compliances
• Appeals Liaison with senior tax counsel for cases at Tribunal and High Court and for legal opinions
• Excise Duty Consultancy includes the following services:
• Excise Duty Planning
• Assistance and monitoring of Excise Audit by External Cost Accountants
• Preparation of Cost Accounting Records in term of Cost Accounting (Records) Rules.
• Internal Audit of Excise Records and assuring management of correctness of payments to Excise Authorities.

Our International Tax specialists offer services that successfully align all the different areas of taxation into a benefit-driven strategy that is reflected favorably in the various financial parameters. Our people and global resources are able to help clients develop and execute business strategies quickly and effectively, with strong accountability and governance. Our practitioners blend local country technical knowledge with appropriate regional and global insight on the latest developments in tax policy, legislation and administration.

Our range of services include:

1. Advice on cross border transactions
2. Advice on double tax treaties and foreign tax systems/implications
3. Tax efficient structuring of cross border transactions
4. Advisory services in relation to the improvement/effectiveness of the cross border ‘Supply Chain’ process.
5. International tax dispute resolution

Our Transfer Pricing Division assists Indian and Multi-National Corporations develop and implement economically justifiable transfer pricing policies and documentation.

Our team will work closely with you, to help manage the tax impact of your domestic as well as cross-border related party transactions. Together, we will explore an effective, integrated organization wide strategy for managing many complex Transfer Pricing issues involved with inter-company transactions involving goods, services and intangibles.

• Transfer Pricing Documentation – We assist corporations to design and implement compliance policies, and prepare robust documentation.
• Transfer Pricing Planning & Supply Chain Structuring – We provide assistance in developing and implementing viable Transfer Pricing policies, harmonization of existing Transfer Pricing policies, adopting new Transfer Pricing structures or alignment of prices with business restructuring.
• Filing of audit report with the Indian tax authorities – we assist you with a full array of documentation services, including function, asset and risk analysis, industry overview, bench marking study, preparation and issuance of accountant’s report, customized to your specific needs.
• Litigation Support / Transfer Pricing Controversy Management – team will work with you to develop strategies and appropriate practices to manage the audit/appeal proceedings.
• FIN 48 Assistance – We provide assistance to determine and quantify your FIN 48 Transfer Pricing exposure and uncertain tax position.
• Advance Pricing Arrangements – We can assist preparing a robust Transfer Pricing policy aligning with business and commercial substance along with deciding on various documents and information that need to be shared with tax authorities during the course of negotiating and implementation of an APA program.