Taxes, which are ultimately bourn by final consumers, are called Indirect Taxes. Generally any transaction, whether in goods or services, attracts various indirect taxes. Indirect taxes are usually borne by the final consumer. Therefore, if a business entity fails to anticipate the applicability of an indirect tax and does not recover the same from the consumer it becomes a cost to the entity and is a direct hit to the bottom line. Consequently indirect taxes have a direct bearing on the costs, pricing policy, cash flow and profitability and ultimately the competitiveness of an organization. Hence it becomes critical to evaluate the impact of various indirect taxes on any given transaction.

The existing regime requires businesses to undertake careful upfront analysis of the tax cost involved in a transaction¸ ensure adequate backup documentation to support their tax positions and constantly explore opportunities for tax optimization. India has already moved from selective taxation on services to comprehensive tax regime. Further, as India has implemented Goods and Services Tax (GST) from July 2017, there is a need to factor in any significant tax approach developed at present.

At S.N.S.A. we provide comprehensive advice and assistance on indirect taxes. Our services broadly cover the following:

At S.N.S.A, awareness regarding the laws that govern the client, his business and allied activities, is the basic and foremost step to tax advisory. Indirect Tax Team at S.N.S.A. provide advisory services on all facets of indirect taxes. Issues right from setting up a business, to structuring a transaction, classification issues, taxability and determination of rates, point of taxation, place of taxation etc. are some of the core areas where clients seek advisory inputs for vital decision making.