In spite of the various reforms that have been carried out in
the past years, still in India the prevailing Indirect Tax regime is in the
state of evolution. There are a plethora of rules, regulations and laws at the
state as well as central level. In the present structure, it poses unique
challenges to business organization and usually has noteworthy impacts on cash
flow, risk exposures as well as absolute costs. To know about the continuous
indirect taxes and their changes, you need to consult a chartered accountant.
To get the best Indirect Taxation Services consult Mahaveer Singhvi and
Associates.
The Government is striving to make indirect tax more assesse
friendly through continuous changes. An active step has been taken with the
proposal and implementation of GST to integrate all indirect tax laws under one
law. These laws include Custom Duty, Central Excise Duty, Service Tax, Central
Sales Tax and Value Added Tax. Major steps has been taken in this direction
with the introduction of Negative List based Service Regime. This is being
considered as an important move towards smooth switch to GST.
GST Law and Custom Tax Law are mostly based on transactions.
Their liability will definitely arise regardless of profitability. A proper
knowledge of indirect tax is important for every person working in the country
since the overall indirect tax rates range between 17 to 28 percent which are
based on the nature of goods. Thus, Indirect Tax exposure can grow faster if
you don’t have firm understanding of Indirect Tax requirements and also a
cohesive plan.
Mahaveer Singhvi and Associates with their Indirect Taxation
Services can help with sensible, suitable and well-timed planning and ongoing
compliance solutions to make sure that you are always on the right side of law.
Our team can help you with developing or refining your strategy of Indirect Tax
and also address the Indirect Tax implications of mostly all the types of
transactions in your business. This ultimately will help you to minimize risk,
reduce costs and also make you confident as nothing has been missed by you.
With our dedicated and experienced team of experts, we provide
multidimensional professional Indirect Taxation Services. We give you the
support and most importantly the perspective to effectively and efficiently
manage your indirect taxes.
For your startup expansion or business related queries, our
team is always ready with their Indirect Taxation Services and work for you
satisfaction. Contact us at http://www.ca-msa.com/
