Health Checks / Due-Diligence
Taxation laws are dynamic in nature and require regular assessment of tax positions and internal processes to stay legally compliant. GST law, being in its nascent stage, is keeping the taxpayers on their toes with regular amendments and developments. Timely addressal of indirect taxes ensure improved cash flows and mitigated litigation costs. A small non-compliance, howsoever inadvertent, could spiral into interest, penalty, litigation cost and bad press.
At NITYA, we undertake comprehensive review of legal positions and compliances undertaken by businesses under GST, Customs and allied laws.
Under this activity, NITYA’s team conducts on-site and offline discussions with company’s personnel from various departments like finance, legal, HR, procurement, logistics etc. It understands the business transactions from Indirect tax laws perspective and share a detailed report capturing:
- Tax optimization opportunities;
- Exposure areas; and
- Areas of procedural improvement
NITYA’s team along with company’s management decides on way forward and steps for implementing suggested changes.
Other Service Areas
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.
We believe that fundamentals of any litigation matter are built in its early stages. Our focus stays on resolving matters for our clients in most effective and favorable manner.
Policy Advocacy Support
We provides advocacy support to businesses with highest ethical standards.
Packaging and Labelling laws
The labelling requirements for packaged commodities in India are governed under the Legal Metrology Act, 2009 and the Legal Metrology (Packaged Commodities) Rules, 2011 (‘LMA laws’).
We device specific trainings modules for companies as well as their employees, vendors and customers.