Indirect Taxation is an essential aspect and a major requirement for doing business in India and its importance cannot be undermined or ignored. Indirect taxes are a category of taxes that are transferred to another person or entity. Typically, they are imposed on manufacturers or suppliers who subsequently pass on the tax burden to the ultimate consumer. Instances of indirect taxes consist of sales tax, entertainment tax, excise duty, and more. These taxes are imposed on sellers of goods or providers of services, and they are then conveyed to the end consumer in the form of service tax, excise duty, customs duty, and so on. A prevalent illustration of an indirect tax is the excise tax enforced on alcohol.
Although a significant portion of indirect taxes has been consolidated under the GST system, businesses are still required to address the remaining indirect taxes from the previous regime. This includes handling legacy issues, undergoing assessments, audits, and responding to inquiries from the tax department, among other related matters.
The experienced professionals at Khurana and Khurana have extensive knowledge and practical experience in both earlier indirect tax systems and the current GST regime. They are well-equipped to assist clients in devising effective transaction plans considering the implications of indirect taxes or GST. They provide valuable insights, offer opinions, and prepare appropriate responses to department notices. Additionally, they offer guidance and support throughout the tax refund process, helping to expedite day-to-day business operations and ensure the smooth functioning of the organization.
We, at Khurana & Khurana, have experience in delivering advice on Indirect Taxation specifically on the erstwhile legislations pertaining to Customs Duty, Excise Duty, Entry Tax, Service Tax, Octroi Duty, SEZ(Special Economic Zones), etc. We deliver our experience in matters of taxation laws to ease our client’s business transactions. Khurana & Khurana’s Tax Attorneys and Consultants have vast experience in a diverse range of taxation matters, from complex cross-border transactions, tax exemption qualification, and setting of businesses in SEZs.
Our attorneys regularly appear before Jurisdictional Tax Authorities, Appellate Authorities, High Courts, the Supreme Court of India, and other Tribunals including the Director General of Foreign Trade, Department of Revenue, Central Board of Excise and Customs, etc.
Khurana and Khurana provide Indirect Taxation Advisory services in the following areas:
Our team of experts specializing in indirect taxes possesses extensive expertise and a profound understanding of the subject matter. They are capable of assisting clients in all the aforementioned areas. We offer guidance and support in matters pertaining to advisory and compliance, encompassing various indirect tax regulations such as GST, Customs Duty, and Foreign Trade Policy, as well as handling unresolved tax issues and litigation cases from the previous tax system.
At K&K, our core belief is in driving progress by fulfilling the specific requirements of our clients, thereby making their business activities easier. We achieve this through a methodology that emphasizes continuous learning in every assignment we undertake. Our commitment to ongoing improvement allows us to provide valuable and effective solutions to our clients, ensuring their success and growth in their respective industries.
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