Indirect Tax Services

With GST becoming reality in near future, it’s more important than before to manage indirect tax compliances.

At P M Legal we provide advisory, litigation and compliance services in Excise, Customs, Service tax, VAT & GST.

We provide support to you to mange indirect tax laws effectively, reducing attribution errors, reducing cost and ensuring indirect taxes are handled correctly.

P M Legal offers effective and practical solutions to clients on managing and resolving Excise, Service Tax, Custom, VAT litigation disputes.

We conduct legal review with a view to evaluate the level of compliance of indirect tax regulatory laws and to provide practical advice regarding optimizing the incidence and burden of indirect taxes.

Our Indirect Tax Services

Advisory

P M Legal provides client focused advisory service in relation to GST, Excise, Service Tax, Customs and VAT related matters.

Our advisory services encompass guidance, clarification, solutions and opinion to clients.

With an added advantage of having in-depth knowledge of client’s business domain, we provide optimum, efficient and feasible solutions on key issues.

P M Legal has adopted well-defined Knowledge Management practices which enable it to provide regular updates on latest amendment in GST, Excise, Service Tax and VAT.

Our advisory service includes:-

  • Providing innovative but rigorous tax planning ideas.
  • Giving opinions on GST, Excise, Service Tax & VAT issues.
  • Advising on classification, valuation of goods and service.
  • Advising on applicability of taxes on transactions and admissibility of tax benefits and exemptions.
  • Structuring of contracts / transactions to optimise tax incidence.
  • Diagnostic review of tax positions and processes.
  • Advising on tax implications on day –to-day operations as well as implications on specific business activities /transactions.

Litigation Support

Indirect Tax litigation requires a comprehensive approach involving people with sound understanding of law and tactful handling at appellate forum.

P M Legal offers effective and practical solutions to clients on managing and resolving Excise, Service Tax, Custom, VAT litigation dispute.

P M Legal has expertise in representing client cases before Appellate Authorities, Tribunals, DGFT and Courts.

Litigation support services includes:-

  • Drafting of appeals, written submissions and replying to departmental notices.
  • Appearances and arguments before adjudication authorities, appellate authorities and courts.
  • Reviewing pending litigation and other uncertain tax position, to comment on adequacy of defense, probability of success and prevention of recurrence.
  • Developing and execution of appropriate litigation strategy.
  • Seeking advance rulings and approaching Settlement Commission.

Compliance and Outsourcing

P M Legal offers leading edge Compliance and Outsourcing services for Excise, Service Tax, VAT, GST.

We undertake high quality Tax Compliance Reviews for clients.Tax Compliance Review enables clients to make correct payment of taxes and helps businesses to devise sound strategies for smooth functioning within the framework of different laws.

Our Compliance Review services help clients to maximize benefits, identify opportunities and exposure for taking corrective action.

Compliance and Outsourcing services includes:-

  • Undertaking comprehensive tax compliance review to identify tax planning opportunities and compliance gaps.
  • Conducting detailed indirect tax due diligence reviews.
  • Preparation, review and filing of periodical Returns under relevant indirect tax legislations.
  • Assistance in preparing refund/ rebate applications [including CENVAT Credit refund, ExtraDuty Deposit (EDD) refund, Special Additional Duty (SAD) refund, and others] under relevant legislations and following up till the Appellate Stage
  • Preparation, filing and obtaining registrations/ permissions/ licenses.
  • Guiding and providing assistance in department audits.
  • Assistance in preparation and maintenance of statuary records.

GST Plannings & Compliance

The Indian indirect taxation system is due for a major tax reform with the introduction of a unified Goods and Services Tax (GST). The new GST regime will open up an array of opportunities for businesses across India. On the other hand, GST may also pose various challenges with respect to business planning, budgeting and investment.

P M Legal offers complete GST services including GST impact assessment, implementation assistance, compliance support, training to help you with the smooth implementation of GST.

Our GST Plannings & Compliance Services

GST Impact Assessment

The challenge at hand for the business community is to adapt to the new tax reforms by understanding the nuances of the new GST regime.In this evolving indirect tax scenario, we at P M Legal assist our clients to understand impact of GST on businesses.

Tax Compliance Review enables clients to make correct payment of taxes and helps businesses to devise sound strategies for smooth functioning within the framework of different laws.Our Compliance Review services help clients to maximize benefits, identify opportunities and exposure for taking corrective action.

GST Impact Assessment services includes:-

  • We assess the potential GST impact on your different business functions and operations, in order to be better prepared for the transition, including quantification of impact on pricing, profitability, top-line and cash flows.
  • Providing detailed working on tax impact to recommending suggestions for tax optimization.
  • Reviewing the impact of GST on the procurement, manufacturing and distribution and proposing options for the realignment of the business model.
  • Reviewing the existing Information Technology system for technical compatibility.

Implementation and Transitional Assistance

We at P M Legal prepare assessees for a smooth transition from pre-GST era to post-GST era. Our GST Consultancy makes an assesee GST compliant. We are preparing our clients for transition & implementation of Goods and Aervice Tax (GST).

As GST is likely to have a multifold impact on the various facets of business, a smooth transition to GST would require a holistic approach. We at PM Legal, assist businesses transition to the GST regime in an integrated manner and will help clients complying and understanding GST and procedures at ease.

Implementation and Transitional Assistance services includes:-

  • Providing assistance in implementation of GST.
  • Advice on transitional provisions.
  • Advice on changes in procurement and distribution arrangements, i.e., re-design of supply chain.
  • Assistance in implementation of GST compatible IT software and ERP system.
  • Providing assistance in reviewing the documents to be filed with the tax authorities such as registration applications, transition stock statements, credit transition documents, etc.

Compliance Support Post GST Implementation

GST will require every businesses to GST compliant and GST require numerous reconciliation, complex tax computations and electronic filing of multiple monthly returns.

We provide GST compliance and advisory service and help clients in implement in GST compliance solution.

Compliance Support Post GST Implementation services includes:-

  •  Post implementation GST advice and ongoing compliance support.
  • Assist in preparing instruction manuals, including providing assistance in framing systems and procedures to ensure compliances.
  • Reviewing the records that need to be maintained by the company under the GST regime.
  • Reviewing GST returns to be filed by the company.
  • Advice on determine the eligibility of input tax credit.
  • Helping in computation of GST liability.

GST Training

Complying with the emerging GST law requires sufficient preparation and training for the tax managers and other stake holders. P M Legal provides general and customized training solutions for the industry.

P M Legal provides general and customized training solutions for the industry.

GST Training services includes:-

  • Conducting industry-specific seminars to provide holistic, in-depth insight so as to plan better transition to GST.
  • GST training for in-house personnel and supply chain partners.
  • Conducting workshops on procedural mechanisms, documentation requirements, control checks on data/information.

Foreign Trade Policy & Customs

Foreign Trade Policy, Customs Act and Handbook of Procedures contain provisions relating export and import of goods and service and export promotion schemes.

At P M Legal we provide comprehensive advisory and consulting services in the area of Foreign Trade Policy and Customs.

Our in-depth knowledge and coupled with our expertise on the matters of Foreign Trade Policy and Customs Procedures & related issues, across different sectors and industries, help us to optimize the benefits for our clients and find innovative solutions

Our Services includes:-

  • Drafting of Legal Notice.
  • Drafting of Complaint.
  • Criminal complaints under Section 138 of Negotiable Instruments Act in case of dishonor of cheques.
  • Filing of Suits and Handling Court Process.
  • Representation for clients before courts.
Our Foreign Trade Policy & Customs Services

Export Promotion Scheme

The exporters are entitled for various export promotion schemes under Foreign Trade Policy like Merchandise Export Incentive Scrip (MEIS), Service Exports from India Scheme (SEIS).

Merchandise Exports from India Scheme (MIEIS)

Under Merchandise Exports from Indian Scheme (MEIS), the Exporter gets Duty Credit Script for exports of goods. Scrip can be used for payment of  Customs Duties, Excise Duties and payment of services tax.

Service Exports from India Scheme (SEIS)

Under Service Exports from India Scheme (SEIS), the Exporter gets Duty Credit Script for exports of services. Scrip can be used for payment of Customs Duties, Excise Duties and payment of services tax.

Our Service includes:-

  • Identify and check eligibility to get the benefits under the scheme.
  • Documentation, preparation of application and on line filing of application to get the Duty credit scrip.
  • Realization of value of the scrip in cash or assistance in utilization of the scrip for payment of Customs Duty /Excise duty/Services tax etc. as the case may be.

Export Promotion Capital Goods (EPCG)

Under Export Promotion Capital Goods (EPCG) scheme exporter entitled to import of new capital goods (including CKD/SKD thereof as well as computer software systems and spares, jigs, fixtures, dies and moulds) at NIL Customs duty. This is subject to an Export Obligation (EO) to be fulfilled by importer of capital goods.

Our Service includes:-

  • We advise in assessing the feasibility and benefit of the scheme for your exports/domestic supplies.
  • We assist in documentation, application preparation and procedural requirement related to EPCG.
  • Assistance in compliances with DGFT post EPCG
  • Getting Export Obligation Discharge certificate and release of Bond after fulfilling export obligation.

Duty Draw Back

Duty Draw Back is a method of refund of excise duty and customs duty paid on inputs and service tax paid on the input services used in the manufacture of exported goods.

Duty Draw Back rate are of following types

All Industry Rate : Government has published drawback rates for several products which are regularly exported through a drawback schedule. Exporters of these products can get the drawback at the prescribed rates.

Brand Rate : In case the export product is not covered under the All Industry Rate, the exporter can file for drawback under brand rate of fixation to recover the duties actually suffered in the process.

Special Brand rates Can be fixed in case the All Industry rates are available but is less than 4/5th of the actual duties suffered.

Our Service includes:-

  • Advice on claiming of Duty Draw Back and  identifying more beneficial scheme to exporter.
  • Guidance in compliances with DGFT / Central Excise /Customs Department
  • Assidtance procedure in fixation of Brand Rate of Duty Draw Back.
  • We assist in documentation, application preparation and procedural requirement related to Duty Draw Back.

Duty Exemption Scheme

The Duty Exemption Scheme enables exporter to import duty free inputs required for export production. Duty Exemption Schemes are Advance Authorisation and Duty Free Import Authorisation (DFIA). The exporter can also purchase domestic inputs under this scheme by obtaining Invalidation letter.

Our Service includes:-

  • We advice you in assessing the feasibility of the scheme for your exports/domestic supplies.
  • Obtaining Advance Authorisation and Duty Free Import Authorisation from Director General of Foreign Trade (DGFT).
  • We assist in documentation, application preparation and procedural requirement related to Advance Authorisation and Duty Free Import Authorisation,
  • We assist you in getting necessary invalidations from the authority in case of domestic procurement.
  • Advice in compliances with DGFT post Advance Authorisation and Duty Free Import Authorisation.
  • We assist you in redemptions of the Authorization and closure / revocation of Bonds/BG.

Customs Procedure

We offer advisory and compliance service for Customs Law and Procedure relate to Import and Export of Goods and Services.

Our Service includes:-

  • Advice on Customs Procedures and documentation.
  • Guidance, documentation and representation of Special Valuation Branch (SVB)  related matters.
  • Obtaining import licence for restricted items.
  • Documentation and representation for refund of SAD.
  • Planning, documentation and representation for refund of Service Tax.
  • Assist in documentation and filing of application for issuance of Certificate of Importer Exporter Code (IEC).

Direct Tax

Income Tax plays an important part in the entire operations of an organisation as well as an individual. An effective tax management provides a distinct competitive advantage, which requires the application of appropriate tax strategies.

P M Legal can help you to develop tax-efficient strategies and manage your Income Tax exposures considering your individual business needs. We will keep you abreast of new developments in the Indian direct taxation arena that affect your business.

We offer a comprehensive blend of Income Tax advisory, litigation, regulatory and compliance services to companies, firms, mid-size businesses, individuals and entrepreneurs.

Our Direct Tax Services

Advisory and Compliance

Tax planning plays an important part to mitigate the burden of taxation within the boundaries of the law.

We help you to minimise your business and personal income tax exposure by means of legitimate planning and through application of tax incentives, tax holidays and benefits.

Our Service includes:-

  • Advise for effective taxation strategy by considering and application of various tax holidays and benefits under the existing Income Tax regulations.
  • Conducting Income Tax compliance review.
  • Appearance before the income tax authorities in case of assessment, withholding tax (TDS) proceedings and other proceedings.
  • Preparation, review and filing of Income Tax Returns.
  • Withholding Tax (TDS) compliance services.
  • Preparation of annual statutory accounts and conducting audit.
  • Maintenance of statutory records and books of accounts.
  • Obtaining certificates for lower deduction.

Taxation Litigation Services

An evolving regulatory framework have exponentially increased the complexity of the tax environment and taxpayers often face complicated litigation at all levels of the Income tax Authorities. We, with our in-depth knowledge help our client in complicated direct tax litigation. We have proficiency to represent clients before the income tax authorities and appellate authorities.

Our Service includes:-

  • Advisory on litigation strategy.
  • Provide appropriate support on implementation of litigation strategies.
  • Preparation/drafting of appropriate technical submissions and reply of notice.
  • Advisory on the course of action pursuant to completion of income-tax assessment/appellate proceedings.
  • Handling and representation in income tax Search, Seizure and Survey cases.
  • Representation services before Tax authorities, assessing officer, commissioner (Appeals).
  • Appearances and arguments before Appellate tribunals, Courts.
  • Appearances before Authority of Advance Rulings and Settlement Commissioner.

Formation of Entities

We help clients for the formation of entities. Our services include advice on choice of business entity and related tax consequences, incorporation of all forms of legal entities.

Our Service includes:-

  • Formation and incorporation of Partnership Firm, LLP, Companies.
  • Drafting of Partnership Deed, Memorandum and Articles of Association.
  • Corporate Secretarial and compliance audit.
  • Compliance under Companies Act, 1956, filing of periodic returns and MCA 21 Compliance.
  • Minutes of Meetings of Board of Directors / General Meetings.
  • Liaison with Registrar of Companies.

Legal Advice on Dishonor Cheque

A cheque is said to be dishonored or bounced when it is presented for payment to a bank but it is not paid because of some reason or the other. Cheque bouncing is a criminal offence in India.

At P M Legal we provides useful guidance and appear before the courts for cases of cheque bouncing as per the provisions of the Negotiable Instruments Act.

Our Service includes:-

  • Drafting of Legal Notice.
  • Drafting of Complaint.
  • Criminal complaints under section 138 of Negotiable Instruments Act in case of dishonor of cheques.
  • Filing of Suits and Handling Court Process.
  • Representation for clients before courts.

Legal Advice on Debt and Loan Recovery

If you are in business selling products or services, then you will almost certainly have had the unfortunate experience to supplying a customer who fails to pay. Often they will promise to pay but fail to deliver, or simply disappear to another address.

It costs you time and lost income having to follow up such bad debts and loans. You need to be knowledgeable about your rights as a claimant of appropriate court action.

We at P M Legal provides legal advice and handling legal proceeding for recovery of debts and loan.

We file recovery suit before the district court, high court and debt recovery tribunal on behalf of individuals, Companies and financial institution to recover there debt and loans.

Our Service includes:-

  • Defending and instituting debt recovery suits before courts.
  • Summary suits.
  • Legal advice on and handling of Debt Recovery Tribunals (DRT) matters.
  • Filing and defending OAs at Debt Recovery Tribunal (DRT)
  • Filing and defending appeals at Debt Recovery Appellate Tribunal (DRAT).
  • Appeal, Revision and Write petition in Courts.
  • Indirect Tax Services

    • Advisory
    • Litigation Support
    • Compliance and Outsourcing
  • GST Plannings & Compliance

    • GST Impact Assessment
    • Implementation and Transitional Assistance
    • Compliance Support Post GST Implementation
    • GST Training
  • Foreign Trade Policy & Customs

    • Export Promotion Scheme
    • Export Promotion Capital Goods (EPCG)
    • Duty Draw Back
    • Duty Exemption Scheme
    • Customs Procedure
  • Direct Tax

    • Advisory and Compliance
    • Taxation Litigation Services
  • Legal Matters

    • Formation of Entities
    • Legal Advice on Dishonor Cheque
    • Legal Advice on Debt and Loan Recovery