Taxation
- Tax Planning, Tax Management Procedures and Development of tax strategies
- Representing before tax authorities including Tax Appellate Tribunals for assessment proceedings, appeal and petitions. Representation for Search and Seizure cases., representation before the Ministry of Finance for approvals/exemptions under Tax Act
- Evolving scheme for settlement of cases and representing before the Settlement Commission
- Advising business entitles on tax implications consequent to acquisition or succession
- Designing of tax strategies for reconstruction of entities, acquisitions, amalgamations, liquidation and mergers
- Making applications to Specified Authorities for tax rebate under Income Tax Act or amalgamations
- Providing expert opinions on Indirect Taxes such as: Customs Duties, Excise Duties, Service Tax, Sales Tax, VAT and works contract Tax
Delhi Sales Tax Services
For traders and manufacturers in Delhi, SPMC provides following services:
- How to get registration under Delhi sales tax act?
- Exempted Sales
- Know your Ward/Assessing officer
- Rate of Sales tax under Delhi sales tax act
- Statutory Forms and how to get these forms
- Taxability of sale of fixed assets
- Summary assessment
- Regular assessment
- Appeal, revision and rectification of order
- Amendment in registration certificate
- Refund of tax
Above mentioned services also provide for sales tax on works contracts.
Service Tax
The concept of service tax was first introduced in India in 1994; its scope has gradually increased, in view of the revenue earning potentials. The service tax, that is indirect tax, has become a buzzword in the taxation laws and envisaged as the tax of the future.
Applicability of the service tax: The service tax is payable on all the taxable service rendered in India (except Jammu & Kashmir), whether to an Indian or foreign client. However services rendered abroad shall not attract service tax levies, as it extends only to services provided within India. The rate of service tax is 10% ad valorem with effect from 08.09.2004.
SPMC provide following service tax services for their service tax clients:
- Registration
- Record to be maintained and invoice
- Payment of service tax
- Classification of services
- Adjustment of excess service tax paid
- Credit of service tax paid
- Interest and penalty
- Notice and visit by departmental officer
- Assessment
- Revision and appeal
- Refund of tax
VAT - Value Added Tax
- Assistance with Value Added Taxation registration
- Advice on VAT planning and administration
- Use of the most appropriate scheme
- VAT control and reconciliation
- Help with completing VAT returns
- Conducting Sales Tax Audits
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