Ernst &Young >Services>default Services Tax Indirect Tax - Ernst & Young - India

Our network of dedicated indirect tax professionals can provide seamless, consistent service across the world and deal effectively with cross-border issues.

We provide assistance in identifying risk areas and sustainable planning opportunities for indirect taxes throughout the tax life cycle. We provide you with effective processes to help improve your day-to-day reporting for indirect tax, reducing attribution errors, reducing costs and ensuring indirect taxes are handled correctly.

We can support full or partial VAT compliance outsourcing, help identify the right partial exemption method and review accounting systems. Our customs and international trade team help you manage customs declarations, audit and review product classifications and evaluate import/export documentation. Our globally integrated teams give you the perspective and support you need to manage indirect taxes effectively. It’s how Ernst & Young makes a difference.

Our service offerings include:

• Assistance on issues related to Customs duty and foreign trade policy:
  • Advisory and compliance services
  • Representation
  • Special Economic Zones

• Service Tax
  • Advisory and compliance services
  • Cenvat credit review
  • Due Diligence
  • Representation
  • Service tax audit related assistance

• VAT/Sales Tax
  • Financial impact assessment of VAT/sales tax on businesses
  • Identification of structures to optimize VAT/sales tax incidence
  • VAT audit related assistance
  • National VAT/sales tax administration
  • Representation

• Cenvat (Excise duty)
  • Advice on classification, valuation, duty liability and the cross-credit scheme
  • Identification of planning opportunities to optimise duties
  • Representation

Our specialised service offerings encompass:

• Engineering, Procurement & Construction Contracts
  
  
  • Advice and planning at the bidding/tender stage
  • Review and advise on structuring of contracts
  • Assistance in optimizing indirect tax incidence
  • Comprehensive range of compliance services, including registrations and tax related obligations
    
• Indirect tax Health Check
  
  • Review of all indirect tax processes, compliance and positions taken (customs, excise, service tax, VAT/ sales tax)
  • Evaluation of the existing processes
  • Highlighting potential areas of exposure
    
• M&A Transactions:
  
  
  • Due diligence review
  • Evaluation of transaction structures
  • Assistance during negotiations
  • Assistance in transition compliance
  • Assistance in structuring of operations
    
• SEZ Advisory Services
  
  
  • Preparing a feasibility study and business plan
  • Assistance with foreign investment structuring and tax planning
  • Assistance in seeking regulatory approvals and compliances
  • Industrial incentives - State wise comparative analysis
  • Location/site advisory services
  • Land acquisition related advisory services
  • Approval assistance - SEZ Developers and SEZ Units
    
• MoU Advisory Services
  
  
  • Assistance with obtaining various fiscal incentives and infrastructural support from various Government authorities
  • Fine-tuning and finalising the MoU
  • Coordinating with State authorities for execution of the MoU
  • Post-MoU services