Advisory Support

Since its inception, NITYA and its team is known for its wide experience and knowledge base in Indirect tax laws. NITYA has created a niche for itself in the industry by providing well researched and articulated advisories on critical issues around GST, Customs and other allied laws.

At NITYA, we aim to work as a business advisor to you, bringing forth the complex matrix of different tax laws in a simple, understandable and executable manner. Our service offerings in advisory section encompass following areas:

Goods and Services Tax (‘GST’):

  • Transaction structuring including analysis of procurement and supply chain models to build tax efficiencies and determine tax saving opportunities
  • Review of contracts, policies, deeds etc. to ensure compliances with indirect tax laws and explore tax optimization opportunities
  • Support in audits, summons and various enquiries initiated by departmental authorities
  • Determining tariff classification and applicable GST rates
  • Identifying and maximizing GST refund claims and support in filing thereof
  • Advisory on routine business queries

Customs, Foreign Trade Policy and other allied laws

  • Advisory on legal and procedural issues under Customs and Foreign Trade Policy
  • Identifying eligibility and providing assistance in availing various export incentives like Duty Drawback and those under Foreign Trade Policy including RoDTEP, EPCG, Advance Authorization, SEIS etc.
  • Review of Special Value Branch (SVB) submissions and analyzing customs valuation for related party transactions
  • Identifying and maximizing refund claims under Customs
  • Determining tariff classification and Custom duty rates
  • Support in departmental on-site audit and responding to queries in customs clearance
  • Implementation of CAROTAR 2020 and ensuring compliances thereunder 

Incentive policies: 

  • Analyzing various incentive policies introduced by Centre and State
  • Examining eligibility criteria and suggesting most suitable option basis scheme conditions, investment amount and company’s requirements
  • Support in filing application and claiming benefits

 

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