The changes in the tax and regulatory environment constantly challenge large and growing businesses, particularly those operating internationally.
How your business meets this challenge can have a significant impact on your bottom-line. The more your business grows, the more complex tax requirements can become.
At RGS, we provide tax advisory and regulatory service in India and can help you minimize your tax exposure and highlight the risks presented by constantly evolving and increasingly complex legislation.
Drawing on our knowledge and understanding of tax regimes in India, we offer prompt information and independent advice.
Through legitimate planning, we consider issues that arise within specific types of tax, as well as the tax implications of a new project, or a change to the business.
We collaborate with dynamic companies and provide tax advisory to develop bespoke tax-planning strategies suitable for their specific business structure, and our solution-oriented approach is designed to help clients understand and minimize the tax challenges that businesses face.
Our comprehensive suite of tax and regulatory service includes the following :
Direct Tax Services
We offer a bouquet of fully integrated tax and regulatory services. Our experience and in-depth knowledge combined with our insight and innovation helps dynamic businesses in their global operations.
With the increasing ease of doing business in India, investors are optimistic about making investments in the country. Our team of specialists helps businesses on various tax and regulatory matters at every stage of the business lifecycle, thereby enabling them to explore and make the most out of the opportunities.
Our experience with a broad spectrum of national and transnational clients, engaged in different businesses, gives us a wider understanding of individual business needs.
Our key corporate tax service offerings are :
We also advise clients on how to effectively navigate the multitude of tax, and regulatory issues in cross-border transactions to help manage compliance risks and potentially enhance returns.
Our specialist teams provide a holistic and the most tax-effective solutions to large companies, mid-size businesses, high net worth individuals and entrepreneurs looking to grow their businesses.
Our goal is to minimise your business and personal tax exposure by legitimate planning and keeping you aware of the changing requirements of the taxation system in India and abroad.
We have an experienced team of corporate tax professionals to deal with an increasingly complex body of tax legislation. Tax planning plays an important part, and our primary aim is to help mitigate the burden of taxation within the confines of the law.
Corporate Tax
- Statutory compliance support
- Tax diagnostic reviews to identify uncertain tax positions and ensure risk mitigation
- Tax withholding health checks
- Tax minimisation and optimisation strategies, availability of tax deductions, and other tax planning ideas
- Advise and plan optimisation of capital structure and debt equity ratio
- Review of applicability of ICDS and related disclosures
Tax Compliance
- Assistance in preparation and filing of withholding tax returns
- Assistance in preparation and advise on advance tax payments and optimisation
- Preparation and filing of corporate tax returns
- Preparation and filing of overseas entity tax returns in India
International Tax
Our aim is to help businesses achieve global tax efficiency by minimising tax incidence and reducing tax and compliance costs in multiple jurisdictions.
Our international tax services include :
- Outbound investment advisory
- Outbound due diligence
- Advise on International tax treaties entered into by India and related tax planning
- Advise and help on specific provisions applicable to non-residents
- Assistance with preparation and filing for applications before the Authority for Advance Ruling
Tax representation and litigation services
Tax representation and litigation in India requires a comprehensive approach involving people with adequate understanding of tax laws and insightful handling of contentious issues.
Our services in this area include :
- Tax representation before Assessing Officer and other tax authorities during the course of audit or investigation by the revenue authorities
- Tax litigation support before Tax Commissioner (Appeals, Dispute Resolution Panel and ITAT)
- Tax briefings and support to the external counsel in respect of representation before ITAT.
- Advisory on litigation strategy and its implementation
Indirect Tax Services
Indirect taxes encompass every area of a company’s business. Their impact on material and product costs, cash flow, profitability, ultimately on shareholder value is an important element to stay ahead in the competition. Given the federal structure of India, indirect taxes are levied by both the central and state governments. We have with us, professionals having in-depth knowledge & wide-ranging experience to help you in the effective planning and structuring of your business to achieve financial efficiency & ensure compliance with the regulations. We provide comprehensive advice and assistance on various indirect tax levies including Goods and Services Tax (GST).
Advisory services
- Evaluate tax implications on existing or proposed business transactions
- Review contracts and agreements to find the GST impact, from the perspective of Procurement, Manufacturing and Distribution
- Assistance in identifying optimal valuation model for related party transactions under GST, while aligning the same with the model adopted under transfer pricing provisions
- GST Advisory Services (GST)
Compliance services
- Assistance in obtaining registrations under GST or other statutory legislations as required
- Verification of input tax credit records and identification of ineligible credits
- Review of periodic computation of tax liabilities
- Assistance in preparing and filing periodic return(s)
Litigation
- Assistance in drafting responses to notices, enquiries and such other communication received from revenue/assessing authorities
- Assistance in preparation and filing of appeals against orders received from appellate authorities
- Representation before the authorities and engaging external legal counsel, if needed
- Filing advance ruling applications with the authorities to seek clarification on ambiguous matters
Other indirect tax services
- Conduct due diligence reviews from indirect tax perspective
- Conduct health-check reviews and ensure that tax compliances are adhered to
- Provide technical assistance and representation services during departmental audits
- Assistance in preparation and filing of representations before Advance Ruling authorities and other tax or government authorities
