Tax And Regulation

Corporate and International Tax and regulatory services 

Our multi-disciplinary tax teams help in tax planning, compliance and appellate-related assistance services.  

These include – Advice on domestic and international tax matters, assistance in representation before tax authorities, assistance in making application and representation before the Authority for Advance Rulings (AAR), impact analysis of GAAR on transactions, direct tax compliances, assistance in tax assessments/tax appeals/tax dispute resolution/tax litigation. 

Indirect Tax 

Our extensive gamut of indirect tax services includes – GST impact analysis, assessment, transition and implementation, GST compliance outsourcing/management, supply chain tax cost analysis, indirect tax health check/due diligence review, transaction structuring, Engineering, Procurement and Construction (EPC) structuring, assistance in representation and advocacy before ministries and regulatory authorities, advisory (greenfield/brownfield projects, new business decisions) and retainership services, tax assessments. 

Transfer Pricing 

RPSV advises multinational companies on adopting a Transfer Pricing (TP) policy that balances opportunity and risk management, weighing effective tax-rate enhancement against fiscal authority challenges and the costs. These include assisting companies in developing and implementing economically supportable TP policies, compliance and documentation related services, controversies and dispute resolution services and Master File and Country-by-Country (CbC) report related services. 

Income Computation and Disclosure Standards (ICDS) 

ICDS are applicable for computation of income taxable as ‘Business income’ or ‘Other’ Sources income. These standards provide for some significant departure from Indian Accounting Standards and may lead to material tax implications for taxpayers. In this regard, we provide assistance in examining ICDS having regard to nature of business & transactions of the taxpayers and advising on relevant tax implications. 

 

Corporate Taxation 

• Corporate Tax Return 
• Tax Audit 
• Withholding Tax – Retainership & Advisory 
• Tax Consultancy and Advisory 
• Opinions on various transactions from domestic law to tax treaty viewpoint 
• Advising on tax planning opportunities 
• Taxation relating Certifications – 15CB, etc. 

 

Litigation 

• Representation Services for Assessments before Income-tax officers 
• Appeal Proceedings before CIT(A) as well as Income Tax Appellate Tribunal 
• Assistance in appeal proceedings before High Courts and Supreme Courts (Preparation of case, Briefing Counsels) 

 

Expat Taxation 

Taxing for expatriate individuals can be a problem. It needs know-how’s and experience to ensure smooth transactions. We with our experts take care of every detail with great focus on the following: 

• Entry meeting with Expatriates 
• FRRO registration 
• Review of Agreement 
• Preparation & Computation of Income & Taxes thereon 
• Preparation & Submission of Income Tax Return 

• Advisory on Taxation Matters 
• Obtaining Income-tax Clearance from tax authorities 

 

Double Tax Avoidance Advisory 

The Double Tax Avoidance Agreements (DTAA) are essentially bilateral agreements entered into between two countries, in our case, between India and another foreign state. We facilitate our client in DTAA Advisory to avoid double taxation based on the nature of Income and expenditure, in both the countries (i.e. Double taxation of same income) and withholding tax issues and other compliance. 

 

Goods and Service Tax 

• Destination based consumption tax, i.e., tax on inter-state supply to accrue to destination state 
• Dual GST model – CGST to be central tax and SGST to be state tax 
• IGST on inter-state transaction, to be shared between centre and states 
• Single taxable event, i.e., supply 
• Four tier tax rate and creditable compensation cess 
• Matching concept introduced for admissibility of credit 
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