What is VAT?

A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. The amount of value-added tax that the user pays is the cost of the product, less any of the costs of materials used in the product that have already been taxed.

 

Services We Offer

We have an extensive experience in successfully handling the service requirements and consultancy services pertaining Value Added Tax. It is a form of InDirect Tax, and is in the nature of multipoint sales tax that needs to be paid to state in form of VAT. Tax on sale by states in the form of VAT continues to draw power from entry 54 in list of seventh schedule of the constitution of India. Sale and purchase of goods is subjected to charge of VAT.

 

VAT is levied under Central and State VAT legislations depending upon the movement of goods in pursuance of a sale transaction. If the transaction involves movement of goods from one state to another (inter-state), the tax is levied under Central Sales Tax Act (CSTA), 1956.

 

As part of our VAT Service, we offer advice and assistance in the following areas:

 

1. Registration under Local & Central VAT Act
2. Filing of Periodicals Returns
3. Assessment and Appeal
4. Getting statutory Forms - C Form and F Form
5. Refund application for Exporters
6. VAT Audit

 

What is Service Tax?

Service Tax is a tax imposed by Government of India on services provided in India. The service provider collects the tax and pays the same to the government. It is charged on all services except the services covered in the negative list (Section 66d of Finance Act'1994) of services & services covered under Mega Exemption Notification (Notification NO. 25/2012 ST dated 20.06.2012).

 

Services We Offer

Our rich experiencein this field allows us to successfully handle all matters pertaining to services including handling of departmental audits. Working in close relation with client organizations, we analyse their needs base and perform execution of services, thus ensuring best possible service support.

 

As part of our Service Tax Service, we offer advice and assistance in the following areas:

 

1. Service Tax Registration
2. Consultancy on Services as per the applicability of Service tax Act
3. Filing of Service Tax Returns in ST-3
4. Consultancy on deposit of monthly Service Tax for Corporates and Individuals
5. Maintenance of Service Tax Records
6. Liasioning with Respective Service Tax Authorities

 

Factors that distinguish us from others include:

 

1. Rich experience in Service Tax domain
2. Capability to offer prompt and reliable services

 

The Services we offer in Service Areas domain include:

 

1. Preparation of Returns & Challans
2. Handling Departmental Audit
3. Credit Claims

 

What is Customs & Excise?

Customs - It is an authority or agency in a country responsible for collecting customs duties and for controlling the flow of goods (including animals) into and out of a country.

 

In India, customs is described as an indirect tax levied on goods imported into India as well as on goods exported from India.

 

Excise - An excise or excise tax (sometimes called a duty of excise special tax) is an inland tax on the sale, or production for sale, of specific goods or a tax on a good produced for sale, or sold, within a country or licenses for specific activities. Excises are distinguished from customs duties, which are taxes on importation. Excises are inland taxes, whereas customs duties are border taxes.

 

In India, an excise is described as an indirect tax levied and collected on the goods manufactured in India.

 

Services We Offer

Custom Excise Consultancy Services offered by us involves, administer the requirements of Custom excise duty that is levied on export of goods out of India, Import of goods into India, Execise, benefits, and over all procedures at rates specified in Customs Tariff Act, 1975 or Central Excise Tariff Act, 1985 as applicable. The Custom excise duty in India comprises Basic Customs Duty (BCD), Countervailing Duty (CVD), Additional Duty of Customs (ADC) and Education Cess. By giving access to consolidated knowledge, specialization and resources, we are serving our clients to the best of their satisfaction.

 

Custom excise duty in India currently comprise the following:

 

1. Basic Customs Duty (BCD)
2. Countervailing Duty (CVD)
3. Additional Duty of Customs (ADC)
4. Education Cess

 

As part of our Customs & Excise Consultancy, we offer following services: