Taxation services

Taxation services

With the dramatically changing tax landscapes, ever increasing tax compliances, changes in business policies and reforms in order to keep in line with the various amendments being introduced time and again, it becomes imperative for taxpayers to execute business strategies in order to minimize tax liabilities within the framework of domestic and international law.
UJA provides advisory across all tax disciplines – direct tax, indirect tax, and international tax including tax – related issues associated with expatriate taxation.
Our team here at UJA consists of tax professionals, which also include former government officials. UJA strives to ensure and resolve disputes with tax authorities in the best possible manner to reduce the impact of the business of the taxpayers. UJA assists in representation before the various forums and authorities.

Direct taxation

UJA provides tax planning and strategy for Indian and overseas companies. Advise on all tax-related aspects of corporate, commercial and financial transactions and provide stand-alone tax advisory, tax representation and tax litigation services at various forums, including obtaining ‘Advance Rulings’ for foreign companies and foreign investors. Our tax advice includes tax efficient structures for public and private mergers and acquisitions, spin-offs, re-organization, entry structures, fund formation, tax efficient capitalization of subsidiaries, private equity transactions and transfer pricing advisory, in addition to providing tax opinions on corporate taxation, cross-border taxation and on contentious tax matters.
Ongoing direct tax payments and self-assessments for companies and firms, tax compliances (TDS, professional tax, etc.), filing of tax returns for companies and firms, liaising with Income Tax authorities in cases of tax demands, scrutiny or disputes, tax audits for companies and firms as prescribed by the Income Tax authorities, Employee tax calculations for companies and firms

Representations before tax authorities

UJA represent clients at tax and appellate authorities. Services include preparing and filing submissions, representation concerning tax appeals and assessments at various tax authorities like Assessing Officer, Commissioner of Income-tax (‘CIT’), Commissioner of Income-tax (Appeals), indirect tax authorities such as SVB, adjudicating authority and commissioner (Appeals), in relation to various notices which may be issued with respect to tax assessments/ appeals filed before various indirect tax authorities. Preparation and filing objections, appeals, cross objections before appellate authorities like Income tax appellate tribunal, obtaining WHT orders from the Indian Revenue Authorities (‘IRA’).

Indirect taxation

UJA advises clients in transaction structuring, advisory in GST, Customs including legacy issues from excise, service tax, VAT and entry tax laws, restructuring for tax efficient business transactions, interpretation of complex tax laws, risk mitigation, representation at all dispute resolution forums from adjudication and appellate authorities. Advising on diverse spheres of trade and tax regulations including investment in Special Economic Zones (SEZs) and tax holiday regions, WTO trade protection measures such as anti-dumping and safeguard duty, import and export control, anti-profiteering norms, entertainment tax, legal metrology, drugs and cosmetics regulations, export incentive schemes amongst others.

GST advisory

GST was introduced in 2016 and has been a game changer. It has helped in the ease of doing business. From a multitude of taxes at the centre and state level, it has be simplified to a single tax. UJA provides services in GST registration and migration, calculation of GST liabilities and credits, filing of GST returns, liaising with authorities in cases of tax demands, scrutiny or disputes for both GST and erstwhile indirect tax issues (service tax, VAT, excise, etc.), interpretation of GST Act and specific sections depending upon the clients’ industry, products, exporter/importer status etc.

  • Appropriate classification in terms of HSN and SAC codes and the applicable tax rates;
  • Ascertain place of supply to determine relevant state for GST compliances and tax payments;
  • Claim proper input tax credits where eligible and exclude or defer input tax credits not eligible as well as refunds or tax credits for exports
  • Ascertain and ensure compliance with reverse charge on inward supplies where applicable;
  • Formulating tax efficient business models;
  • Structuring of contracts / transactions to optimize tax incidence;
  • Conducting tax impact assessment studies.

Compliances under GST

Ensure filing of periodic and annual tax returns in each state (or for each registered presence) based on applicability;

  • Ascertain and ensure compliance with reverse charge on inward supplies where applicable;
  • Special procedure for valuation in case of related party transactions;
  • Review of tax returns and tax computations and submission to tax authorities in each state or for each registered location (including review of mismatches between vendors and/or customers and the client’s records based on reconciliation prepared by the client);
  • Addressing operational issues arising out of GST implementation, vendors and customers ecosystem support and advisory services as well as obtaining advance rulings;
  • Assisting the client in getting annual GST Audit done in respect of each registered presence where the client is situated;
  • Review of Order to Cash and Procure to Pay and other processes from a GST perspective, including testing, validation and user acceptance of ERP related GST controls.

Litigation support under Indirect Tax

  • Representation before GST assessing and appellate authorities in the various states across India;
  • Support in the erstwhile Indirect Tax litigations (i.e Service Tax, VAT) at PAN India;
  • Due diligence review.

Foreign trade policy matters

Export Promotion Capital Goods- The exporters are entitled for import of new capital goods under this scheme without payment of custom duties. The exporter can also purchase domestic capital goods under this scheme by obtaining Invalidation letter;

  • Export Promotion Scheme. The exporters are entitled for various export promotion schemes under Foreign Trade Policy like Merchandise Export Incentive Scrip (MEIS), Service Exports from India Scheme (SEIS);
  • Duty Remission Scheme. Duty Remission schemes like Duty Drawback enables exporter to get remission of the duties on inputs used in exported goods. Under the duty drawback there are two ways by which the duty remission can be obtained can be obtained