The effectiveness of our taxation practice is fundamentally based on our comprehension of the dynamics of the Indian Budget, Foreign Policy, and their associated impacts. This understanding enables us to provide a suitable risk assessment and analyze the implications for business decisions.
Our team specializing in Direct Taxes has extensive experience addressing issues related to Exemptions, Tax Collected at Source/Deducted at Source (TCS/TDS), International Taxation including Double Taxation Avoidance Agreements and Permanent Establishments, as well as Transfer Pricing methods [Arm’s Length, Comparable Uncontrolled Price (CUP), Resale Price Method (RPM), Cost-plus Method (CPM), Profit Split Method (PSM), and Transaction Net Margin Method (TNMM)].
Similarly, our team focused on Indirect Taxes possesses significant expertise in matters concerning the applicability of GST on Online Gaming, corrections and time-barred R-3B revisions for ITC claims, eligibility of ITC on rental commercial properties, ITC denial on technical grounds, ITC refund restrictions under the Inverted Duty Structure, ITC claims during the interim period of revoking registration cancellation, carrying physical invoices during goods transit, time limits for ITC, and provisional attachments. Additionally, we handle customs issues related to specified conditional customs exemption notifications, drawbacks, search and seizure, manufacturing in warehouses, settlement proceedings lapse, and definitions subject to context and interpretation consistent with international conventions.
Renowned for our expertise and our capacity to assist both domestic and international clients in a legally sound, yet practical and efficient manner, we establish the benchmark for both direct and indirect tax matters.
The team has provided legal advice and support to entities including the State of Punjab, Income Tax Department, Punjab State Container and Warehousing Corporation Ltd. (CONWARE) and several other governmental and private organizations engaged in Taxation Litigation.