The Government strives to balance goals of increased revenue mobilization with reduced compliance cost. Constant change in legislative and regulatory aspects combined with rapid digitalization has made taxation a complex subject. ValueAxis Advisors has team of Tax Professionals with decades of collective experience who bring real-life experience of meeting your tax compliance and advisory requirements for both Direct and Indirect Taxation.
With the ambitious roll-out of Goods and Service Tax (GST), the country adopted a Pan-India technology platform facilitating data-sharing with other departments/regulators within the Government. The pace of reforms undertaken by the Government along with its preparedness through data analytics requires Registered Dealers to be equally prepared and respond timely to information required during any audit or investigation.
Our team brings on board practical experience to meet requirements ranging from the basic day-to-day compliances to support required for determining tax positions or providing strategy and technical support to address any proceedings initiated by the Tax Authorities. Our Indirect Tax services include:
- Goods and Service Tax – Advisory and Opinions from Counsels.
- GST Health-Check & Efficiency Review.
- Evaluation of blocked credits, SOP and Process mapping for smooth flow of credits.
- GST credit reconciliations and red-flagging of defaulting vendors.
- Support for timely/ proper processing of Refund Applications.
- Assistance in applying for Amnesty Schemes
- Application for benefits available under schemes like AEO, MOOWR, etc.
- Litigation management support and attending hearings up to the Tax Tribunals
Direct tax have undergone numerous revisions, but it is still a long way from being an ideal taxation system. The Direct Tax Code aimed at simplifying the Income-tax regime could bring a welcome change. ValueAxis Advisors has a team of veteran Direct Tax professionals, who offer wide range of services to meet your business requirements. Our Direct tax services include:
- Support in determining tax positions and finalising tax disclosures
- Issuing 15CA/CB certificates
- Structuring transactions and M&A related support
- Assistance in making Refund Applications
- Assistance in event of investigation /tax dispute