Taxation
Taxation
The tax structure in India is divided into direct and indirect taxes where taxes are levied by the Central Government and the State Governments. Themis Law Chambers offers a broad range of direct and indirect tax services ranging from tax planning, advisory, implementation, documentation, representation and litigation services. India had a complex multiple indirect tax regime which was reformed with the introduction of Goods and Services Tax (GST) in 2017. Implementation of GST has increased the burden of tax and hassle to file the returns monthly, quarterly and annually based on the type of business. It has impacted the sales and profits of the businesses in short run. Tax Compliance under GST is ever evolving and our taxation practice is based on our market awareness and commercial acumen that enables us to provide suitable risk analysis and examine the impact on business decisions. Our taxation practice has a mix of lawyers & company secretaries, which enables us to provide clients with solutions that are both legally and financially sound and can effectively represent our clients in tax disputes and provide skilled and experienced advocacy on behalf of clients at every stage of the tax controversy process, from pre-audit planning, to audit through administrative appeals and post-appeals mediation, in competent authority matters, in high end tax litigation and representation, M&A tax, General Anti Avoidance Rules (GAAR) and Place of Effective Management (POEM). With a proactive and pragmatic approach our taxation team can guide both domestic and international clients in both direct and indirect tax matters and address the common tax concerns of expatriates like Double Taxation Avoidance Agreement (DTAA), Social Security Agreements (SSA) and Bilateral Comprehensive Economic Agreements (BCEA).