Tax Advisory Services
A significant aspect of India’s business is the dynamic and complex nature of regulatory compliances and corporate taxation. It is essential to understand the changes and modifications/ developments in tax and regulatory requirements and strategically align them to your advantage. Keeping abreast with the latest compliances and following them becomes a daunting task for most businesses. Aligning your tax strategy with your business strategy is a critical part of optimizing profit margins is significant in a competitive landscape
PVRN offers a comprehensive blend of tax litigation, tax advisory, compliance, and tax regulatory services. Our experts will help you navigate complex business matters by leveraging our extensive knowledge of the tax and regulatory norms. Our tax regulatory and advisory services are spread virtually across all the sectors of the industry.
PVRN’s tax regulatory services include:
Direct Tax:
Our tax professionals’ in-depth knowledge and extensive experience merged with our insight and innovation assists businesses in running their operations domestically and internationally with peace of mind. Our specialists assist businesses and organizations on the diverse tax and regulatory norms at every stage of the organizational lifecycle enabling the business owners to explore and make the most out of their companies.
The taxes that come under direct tax are:
- Income Tax
- Withholding Tax
- TDS
- Certification Work
- Corporate Tax
Corporate Tax:
PVRN helps you by providing you with an experienced team of tax professionals to deal with the complex tax legislation properties. Planning the tax process is significant to mitigate the tax burden within the confines of the law. Our experience with the clients of a broader spectrum ranging across national and international space has given us a wider understanding of individual business needs.
Our corporate tax offerings are:
- Support for statutory compliance
- Reviewing tax diagnostics to ensure risk mitigation and identify uncertain task positions.
- Health checks on tax withholding
- Tax planning ideas that include tax reduction and optimization strategies, etc.
- Optimization of debt-equity ratio and capital structure.
- Applicability of ICDS and related disclosure reviews.
- Ind-AS applicability and related action points review
- Review and applicability of POEM
- Suggestions and advice related to GAAR Identification of uncertain tax position for FIN-48 purpose.
Tax Compliance:
PVRN assists in:
- Withholding tax returns preparation and filing
- Preparation and filing of overseas entity tax returns in India
- Advice and preparation on optimization and advance tax payments
- Preparing and filing corporate tax returns
International Tax:
The professionals at PVRN ensures our clients achieve global tax efficiency by minimizing tax & compliance costs and reducing tax incidence in multiple jurisdictions.
PVRN’s international tax services include advice and assistance on:
- BEPS rules
- International Tax treaties
- Outbound investment advisory
- Special provisions applicable for non-residents
- Digital payments and related norms
- Investment treaties companies are bound to
- Preparing and filing tax applications before Authority for Advance Ruling
- Mutual Agreement procedure under tax treaties
Indirect Tax:
The indirect taxes extensively contribute to the revenue of the Indian Government, and it has surpassed the income received from the government through direct taxes. Since its inception, there have been continuous amendments to the GST law, and PVRN ensures constant monitoring of changes in the system. Our experts keep track of the investigations, pending assessments, and litigations related to service tax, VAT, and other local levies.
Our advisory services in the indirect tax domain include:
- Identifying optimal valuation model for GST transactions
- Reviewing agreements and contracts to identify GST impacts from Manufacturing, Procurement, and Distribution perspectives.
- Evaluating tax implications on proposed and existing business transactions.
- Assistance in helping companies to comply with GST anti-profiteering rules
- Evaluating legal positions implied under GST
- Advice on Customs Act of 1962 pertaining to import/ export of goods
GST Advisory Services:
Goods & Services Tax is one of the most significant indirect tax reforms since its independence in 1947. It is a unified tax system applied to both Goods and Services at each stage of the supply chain. GST had a far-reaching impact on the business operations that is related to the pricing of services and products, IT, accounting and tax compliance systems, and supply chain optimization.
The changes in the GST has had an impact on the tax structure, tax incidence, tax payment, credit utilization, reporting, and many other factors, and PVRN closely monitors and analyzes these factors to help in auditing the tax structure of various companies and organizations.
PVRN’s Indirect Tax Services Offerings:
We serve our clients with specialized GST services that help organizations and businesses analyze the impact on business, analyze the scenario with alternative business models, transition management, and undertaking key compliances.
Assessment on Broader Impact:
- Develop studies on impact areas
- Transform the impact areas into areas of opportunity
- PVRN minimizes the impact areas by helping with representation to GST policymakers
Indirect Tax Compliance Services:
PVRN helps you obtain registration under GST and other statutory legislation. Our experts help in verifying the input tax records and identifies the ineligible credit. We assist the companies in reviewing the tax liabilities’ periodic computation and also in preparing and filing the periodic returns.
The experienced tax auditing professionals at PVRN provide our clients with ASP/ GSP solutions for seamless execution of monthly compliances. We get in touch with various authorities to file your requisite statutory applications with ease.