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Indirect Taxes in India
Indirect Tax comprises of both Central and State taxes. Indirect tax in India covers taxes like Central Excise, Customs, Service tax which are Central levies and VAT, Central Sales Tax which are state levies. For each of these every taxes there is a separate legislation. Being federal administration, the Indian states are sanctioned to enact state specific law for administration of collection of tax, this adds to more complexities in Tax administration. The Indirect Tax Laws are constantly evolving through legislative action, departmental clarifications and judicial decisions.
Our Indirect Tax Services are tailored to assist companies in meeting the challenges thrown up by ever varying Indirect tax environment. The extensive leadership group our senior professionals are engaged in advising both multinational and domestic companies on various aspects impacting business, management of tax risks. More explicitly, we are advising companies on entry and set up strategies including the location linked tax benefits, effective use of Free Trade Agreements, benefits under Foreign Trade Policy and assisting them in executing these strategies.
In order to ensure that the targeted benefits are liquidated by following all steps with in the legal framework, our pre-defined audit checks by professional team ensure procedures and compliances are followed carefully, the entitled benefits are availed in time and avoid revenue leakages. The above functions are well supported by the consultancy and regular updates on varying indirect tax environment by our senior professionals. Interlink Capital specializes in Corporate Tax structuring, both in terms of strategy and operations, avoiding delays, deferment or incorrect calculations which attract penal provisions. Interlink Capital taxation law experts try to assist our prestigious clients on double taxation avoidance treaties that India has with various countries, the tax holidays available to 100% Export Oriented Units, Special Economic Zones.