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The Indirect Tax regime in India encompasses a plethora of laws, rules, and regulations at the central as well as the state level. It contributes extensively to the government revenue and in recent years indirect tax collection has exceeded the direct tax incomes. With the incorporation of various indirect taxes into GST, the collection is expected to go up further. Our professional team stays well-informed of all the developments on tax policies and administration, and key judicial statements, thus recognizing threats and opportunities for providing ground-breaking tax solutions to our clients. Some of our Indirect Services include:

  • Advising on operations of clients from an Indian tax perspective in terms of various taxes applicable and tax benefits/exemptions available.
  • Due diligence Reviews
  • Conducting credit reviews to identify planning opportunity obtainable and augmenting the complete indirect tax incident.

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1. What is Indirect tax?
An indirect tax is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the consumer). The intermediary later files a tax return and forwards the tax proceeds to the government with the return.
2. What are the Indirect taxes in India?
A few examples of indirect taxes in India include service tax, central excise and customs duty, and value-added tax (VAT).
3. What is the purpose of indirect taxes?
Indirect taxes are imposed for a variety of reasons. Some states, for example, impose indirect taxes on products like liquor and cigarettes to raise money for public service projects like road improvements or bridge construction. Governments also impose indirect taxes to control who purchases certain items and also to dissuade young consumers from buying products like cigarettes, beer, and ammunition

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