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Indirect Taxes

Indirect Taxes

The indirect taxes are hidden taxes which are not apparent at first or cursory glance. The error rate in computing these taxes is often very high and rectifying them entails a waste of time, effort and money which ultimately affects the productivity of company. Thus wisdom lies in enlisting the aid of experts who can detect the hidden taxes, predict their effects and help mitigate them.

PK Chopracovers all areas related to taxes - direct or indirect. Their role as advisors is undisputed be it customs tax, central excise, service tax or the latest tax, ie VAT (value added tax ).

The team performs three roles:

  • Strategic consultants and advisors -Assistance is provided to negotiate and review contract documentation, formulate indirect tax efficient business tools, VAT impact assessment studies, opinions on tax policies, suggesting classification, valuation applicability of taxes on transactions, identification of tax opportunities, etc.
  • Support for complying with taxes -All matters related to compliance from customized manuals on indirect taxes to coordination of tax payments and provision of support for special valuation branch proceedings.
  • Litigation representatives - All activities relating to litigation can be delegated, right from drafting appeals to monitoring the appearance and arguments in the court and developing justification for tariff and non tariff concessions
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