Direct TaxationFinancial ProjectionsIndirect TaxationAudit and AssuranceGoods and Service Taxgreen-initiative PreviousNext Dewan P.N. Chopra & Co. is a reputed Chartered Accountants Firm in India, actively engaged in a full service, multi-disciplinary practice under four core services verticals – Taxation, Regulatory, Transaction Advisory, and Audit & Assurance. The Firm has immense experience rendering diverse professional services to an extensive base of national & international clients and is an established name in its field.
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Address: D-295, Divya Marg, Shiniwas Puri, Block D, Defence Colony, New Delhi, Delhi 110024, new delhi, India
We provide end-to-end solutions for different types of domestic and cross-border transactions including mergers, demergers, acquisitions, divestitures, joint ventures, corporate restructuring and family arrangements and settlements. The services are based on analysis and consideration of a host of legislations and regulations including direct tax, indirect tax, stamp duty, corporate laws, exchange control regulations like FEMA, accounting standards, etc. We provide tailored approach to each transaction along with right balance of functional, regional and industry expertise on each transaction. Our specialist team provides holistic and the most tax-effective services to large multinational companies, mid-size businesses, high net worth individuals and entrepreneurs looking to grow their business. Our goal is to minimize business and personal tax exposure by means of legitimate planning during business restructuring and keeping business aware of the changing requirements of the taxation system in the country and abroad. Our range of services includes: Merger and acquisition advisory (M&A) including for joint ventures Designing efficient tax structure, in compliance with the statutory regulations and tax planning Transaction structuring and management (including corporate re-organisation and financial structuring advisory) Transaction implementation assistance (including post-implementation assistance) Tax due diligence Business valuations & financial modeling Transaction advisory including planning for achieving mergers, demergers, acquisitions, corporate re-organisations. Family Arrangements Service in context of business exits.
In India, generally any transaction, whether in goods or services, attracts indirect taxes. Indirect taxes are usually borne by the final consumer. Business entities would be well-served to ensure compliance and to plan efficiently for recovery from consumer. Our Indirect Tax Service offerings are tailored to assist companies in meeting their indirect tax challenges. Our Services include analysis of the client’s business and to advice and assist them regarding their rates and applications under indirect taxes and for proper planning and management related to it. Here is a glimpse of our services: Consultancy, opinions, advisory services. Registration under Service Tax , VAT , Excise Monthly/Quarterly compliance of Service Tax Filling of Service Tax returns, VAT Returns, Excise Returns Filing of Service Tax refunds with the Service Tax department, Assistance in Service Tax audits conducted by Service Tax Department. Service tax reviews / diagnostics / health check-ups of companies Representation before various Tax Authorities in assessments, appeals, show cause notices, etc. Representation in litigation in Appeals and Tribunal along with litigation support before High Court and Supreme Court.
India is noted for its intricate and complex tax structure. The much talked about ‘GST in India’ triggered the tax structure to eliminate the multiplicity of the taxes and their cascading effects and to harmonize the Center and State tax administration. GST is an indirect tax reform, which aims to remove tax barriers between states and create a single market. It is collected on value added at each stage of supply chain right from production till distribution. The current tax structure is undetermined and uncertain due to multiple rates, which further leads to multiple forms. However, GST will replace all the various indirect taxes and bring them under one umbrella to make compliance easier. GST in India is perhaps India’s most revolutionary and detailed tax reform ever and has been envisioned as an efficient tax system making India one unified common market. India is a federal country where both the Center and the States have been delegated the powers to collect or levy taxes. Both the levels of Government have separate responsibilities to fulfill and perform, as per the Constitution, for which they need to raise resources. A dual GST will, therefore, be keeping with the Constitutional requirement of fiscal federalism. The Center and State will be simultaneously levying GST on each activity. GST in India will have two components- Central GST (CGST) and State GST (SGST). The Central GST and State GST will simultaneously be applied on every transaction of supply of goods and services except on goods and or services, which are exempted and lie outside the realm of GST. However, IGST will be levied on inter state sales and imports. It will be shared equally between the Center and the State. The Goods & Services Tax (GST) will be imposed at various rates ranging from 0% to 28%. The GST Council decided a four- tier tax structure of 5%, 12%, 18% and 28% with lower rates for the necessities and the essential items and the highest for inessential and luxurious merchandise, having a significant impact on every consumer and every industry. Activities such as traveling, eating out, phone bills, banking and insurance will be seen on the higher budget side whereas buying cars, movie tickets, processed food, cement will be seen on the lower end. India finally seems to be on the edge of executing the much-awaited tax reform of GST in India. With the passing of the CGST Act, 2017, IGST Act,2017, UTGST Act, 2017, we moved a step closer to the benefit of the country bringing uniformity. If executed well, GST in India will help improve the nation’s economy and help make the process of levying taxes effective and efficient and in effect, help achieve – ‘ONE NATION, ONE MARKET, ONE TAX.’ GST a Game Changer Goods & Services Tax (GST) is a game-changer reform for the Indian economy as it will help to develop a common Indian market and reduce the cascading effect of tax on the cost of goods and services. Implementation of GST in India will impact the Tax Structure, Tax Incidence, Tax Computation, Tax Payment, Compliance, Credit Utilization and Reporting, leading to a complete overhaul of the current indirect tax system. Our Indirect tax team comprehends a thorough understanding of the evolving Goods & Services tax law and its emerging trends and issues in various sectors and their impact on clients’ businesses. This paradigm shift to Goods & Services Tax in India will lead to far reaching impacts on different business processes including operations, supply chain model contractual agreements, pricing, information technology, human resource & tax compliances. Business houses need to be ready for smooth transition to GST and prepare a roll out plan. Effective transition planning needs engagement with concerned team, providing training, compliance manuals, imparting education of the system and practical action points. Here is an indicative glimpse of services we offer, in light of a dynamic and evolving regulatory environment surrounding Goods & Services Tax: Overview assessment of different business functions and operations in order to be better prepared for GST transition. Assistance and advice for diagnostic / impact analysis to assess the operational, commercial and financial impact of GST Assistance and support in planning transition to GST including on the prevailing ERP. Migration of existing assessees under GST and Registration of new dealers under GST Presenting updates on regular basis on implementation, Model GST law and other legal aspects & clarifications on Indian GST provided by Government. Support on Compliance with filings and records as may comprehensively be required under the GST regime. Review of how and in what manner the service tax levies would be dovetailed into GST, and also to plug in any existing leakages and gaps in the present regime.
Our Taxation vertical has a wide range of expert services that aim at value creation following best practices. Our team has extensive experience and we are known for our strategic tax planning and structuring advice, including in relation to cross-border transactions. We advise clients in structuring complex transactions and developing unique business models. Our team of professionals have much experience and interact with clients to evolve tax efficient solutions, whilst at the same time recognizing that compliance & risk mitigation is a key parameter in any planning. Our in-depth understanding of various industry verticals, enable us to anticipate and target tax issues in advance. Our range of services includes: International Transfer Pricing Expatriate Tax Advisory & Compliance services International Tax Planning & Advisory including: Tax efficient planning & structuring of cross border transactions Restructuring of investments Advising on transnational joint ventures and collaborations Strategizing entry and exit from India Tax issues relating to formation of Association of Persons (‘AOP’) Advice on taxability on Liaison Offices, Branch Offices and Project Offices DTAA interpretation and advisory including: Advice on double tax avoidance agreements and efficient utilisation of tax treaty networks Issues relating to treaty interpretation such as characterization of income Permanent Establishment analysis including advise on the ways to avoid the exposure Withholding tax issues while doing business with Indian clients and obtaining withholding certificates. Advisory on emerging and recent regulations such as: General Anti-avoidance Rules (GAAR); Place of Effective Management (POEM); Base Erosion and Profit Shifting (BEPS); and Equalization levy Advice on tax aspects of Financing transactions Foreign tax credits issues Representations before tax department, DRP, CIT(A) and ITAT & Litigation Support upto Supreme Court NRI services Statutory Compliances
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