Right Tax advice helps the business and corporate in taking sound business decisions at right time. In today's world corporate as well as individuals are required to comply with a number of income tax compliances, which require expert knowledge and are mostly time-bound and technical in nature. Taxation being a highly specialized area requires skills relating to tax planning, documentation and representations. Indian Taxation environment is ever changing and can be challenging for any business. Moreover, most of the income tax compliances nowadays are required to be completed online and require specialised knowledge and expertise.
We specialise in providing multi areas taxation services to provide our clients solutions to various issues to their day to day matters as well as occasional matters. Our main focus is to identify opportunities for our clients that can help them to manage their affairs in the most tax efficient manner. We also advise on tax aspects of cross-border acquisitions, international tax structuring, transfer pricing, etc.
M/s Avinash Agrawal & Associates provides a comprehensive, practical approach to tax planning that helps business as well as individual to meet their tax and statutory responsibilities while identifying planning opportunities and providing specialized services to achieve cost efficiencies in line with the risk profile. We believe that the most defensible tax strategies are aligned with the company's operations and integrated with the overall business plan.
M/s Avinash Agrawal & Associates have a strong combination of tax and legal knowledge to provide clients comprehensive guidance across a broad range of critical business issues. Our firm employs a global, systematic approach to enable clients to integrate legal considerations into their strategy early in the process, thus better anticipating legal risks and minimizing the potential disruption of business operations.
Private companies face a range of challenges that affect not only the success of the business enterprise, but also the professional and personal goals of their owners. Whatever the end goal - an IPO, expansion into new markets, succession to a family member, or sale — integrated tax planning is critical. Our services to private companies include entity income tax planning and compliance services, individual tax and wealth planning matters, international tax, and family offices.
M/s Avinash Agrawal & Associates helps clients to achieve the lower effective cost of doing business locally and worldwide by optimizing cash incentives that are available with hindsight and those that are based on future investment plans. Our specialists work closely with a Quality Assurance team who review deliverables and computations to evaluate whether the rules and other criteria are properly applied and that the full scope of qualifying costs is considered. We provide more transparency and ensure compliance with regulatory changes through the application of global technology solutions and deep tax technical expertise worldwide.
M/s Avinash Agrawal & Associates helps businesses meet the challenges of various tax operations, including compliance, reporting and risk management for direct and indirect taxes with tax technical, technology, and consulting experience. We help clients transform processes and technology to enhance efficiencies, aligns data, and improve transparency from the systems all the way through the reporting and documentation process.
Wealthy families often consider establishing a family office to manage their many investment, reporting, charitable, and financial planning responsibilities. Effective family wealth management encompasses a range of issues related not only to business aims, but also personal and family goals. Properly structuring and staffing a family office requires an analysis of tax and governance considerations, as well as a deep understanding of the family's short and long range business and professional goals and objectives. M/s Avinash Agrawal & Associates professionals can assist with family office design and set-up, family education and communications, charitable planning and private foundations, and structuring business investments. Our approach addresses both the family office as a business and the private client's family wealth as an ongoing enterprise.
M/s Avinash Agrawal & Associates provides tax application consulting related to the selection and implementation of software supporting financial accounting for tax (provision) for global and local financial operations. We help tax departments with tax accounting and reporting processes, provision-to-return reconciliations, mitigation, and process improvement to correct or avoid material weaknesses and significant deficiencies. In addition, we advise on tax policies and procedures as well as technical aspects related to provision and the review of internal controls to enhance governance and address compliance and reporting risk.
The system of Indirect Taxation in India is quite complex, with multi-layered levies both at the Central and State level. The Central government levies tax on goods at the point of import (Customs duty), manufacture (Excise duty), inter-state sales (Central sales tax or CST), and on provision of services (Service tax). The states have been vested with powers to levy tax on sale of goods within the state (Sales tax/Value Added Tax or VAT), and on the entry of goods into the state (Entry tax), under the respective state laws.
The existing system requires businesses to undertake careful upfront analysis of the tax costs involved in a transaction¸ ensure adequate backup documentation to support their tax positions and constantly explore opportunities for tax optimization. Further, as India is committed to move towards uniform Goods and Services Tax (GST) regime by April 2012, this needs to be factored in any significant tax approach developed at present.
Our indirect tax professionals with their wide-ranging experience and in-depth knowledge help clients in all of these aspects. We provide advisory services in respect of the Service tax, Custom and Excise duties, state level Value Added Tax (VAT)/Sales tax, and Foreign Trade Policy-related matters. This includes services in relation to setting up a green field venture including review of tax assumptions and analysis of tax exemptions/concessions which could be relevant for the project and tax modeling involving analysis of tax costs and credits impacting the business models. We also provide services in relation to setting up of Special Economic Zones ('SEZs')/SEZ units.
An indirect tax diagnostic review is an broad-based package offered to our clients. This review helps identify areas of potential tax exposure and tap opportunities for tax savings. We also assist our clients in making representations before the revenue authorities for obtaining tax concessions, relief and seeking clarifications at state as well as federal level.