PwC's Indirect Tax Practice is your business partner in addressing fiscal challenges through the core value proposition of the strategic management of indirect taxes. We offer comprehensive advice and assistance in all areas of indirect taxes from customs to central excise, from service tax to works contract tax and sales tax and now, VAT. All this is backed by litigation support at every stage. We also offer expertise on all aspects of trade policy, including on free trade agreements, anti dumping duties and cross border supply chains.
How PwC can help:
Strategic Consulting and Advisory:
- Structuring of contracts/transactions to optimize indirect tax incidence
- Assistance in contract negotiations and review of contract documentation
- Formulating indirect tax efficient business models
- Conducting VAT impact assessment studies
- Harmonising customs valuation with transfer pricing
- Activity based consulting
- Undertaking comprehensive reviews of business operations
- Carrying out health checks aimed at providing assurance in tax compliance
- Conducting indirect tax specific due diligence reviews (buy side/sell side)
- Advice on classification, valuation, applicability of taxes on transactions and admissibility to tax benefits/exemptions
- Opinions on indirect tax issues
- Identification of innovative tax planning opportunities
Compliance Support:
- Indirect tax compliance support/outsourcing
- Preparations of customized compliance manuals on all indirect taxes
- Single point contact & centralized coordination for tax payments, filing of returns & compilation of documents
- Provision of complete support for customs Special Valuation Branch proceedings
Litigation support and Representations:
- Drafting appeals & submissions
- Appearances & arguments before adjudication & appellate authorities
- Appearance & arguments before Anti-dumping authorities
- Briefing Senior Counsel on need basis
- Representation before relevant Government authorities on tax & trade policy issues
- Developing economic justification for tariff/non-tariff concessions
- Representational assistance in anti dumping & other non Tariff proceedings
Trade Facilitation:
- Obtaining required registrations & licenses
- Assistance in availing benefits under EXIM Policy schemes
- Setting up and operationalising EOUs/STP units/SEZ units
- Advisory and operational assistance for availing benefits under Free Trade/ Regional Trade Agreements
- Assistance in compliance with overseas customs regulations
