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, VAT and works contract Tax
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.
Tayal Mittal & Co. 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 & CST
- 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
- How to get registration under Value Added Tax act?
- Exempted Sales
- Know your Ward/Assessing officer
- Rate of Sales tax under Value Added 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
TAX DEDUCTED AT SOURCE (TDS)
- Advice on all matters related to compliance of TDS/TCS provisions.
- Obtaining Tax Deduction Account Number (TAN).
- Periodic review of TDS/ Withholding Tax compliance.
- Computation of monthly TDS.
- Monthly reconciliation of TDS due and deposited.
- Monthly deposit of TDS electronically/manually.
- Issue of monthly/annual TDS certificates.
- Filing of quarterly E-TDS/Manual Returns.
- Filing of Correction Statements.
- TDS assessment.
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