Taxation
India has a well structured tax system wherein power to levy taxes are clearly demarcated
by the constitution between the Central Government, the State Governments and local
bodies. The taxes in India can broadly be classified into Direct Taxation and Indirect
Taxation. Some of the major taxes levied by the Central Government are as classified
below:
-
Direct taxation
-
Indirect Taxation
- Customs Duties
- Central Excise
- Service Tax
Recently, to make the Indian taxation system more dynamic in terms of effective
administration, efficient tax collection and to reduce the cascading effect of taxes,
it is proposed to introduce Goods and Services Tax (GST) which would be a comprehensive
tax on the supply of goods and services.
RSM Astute is a leading service provider in matters of direct and indirect taxation
covering the whole gamut of Indian Taxation, International Taxation, Transfer Pricing
Regulations, Service Tax Regulations, Value Added Tax Regulations, Central Excise
Regulations, GST transition etc. RSM Astute also provides specialized services in
areas of setting up of business in India, corporate business structuring, transaction
advisory etc.
Broadly the service areas in Taxation are as under:
What We Do
- Provision of effective taxation strategy for corporates and non corporates by considering
and application of various tax holidays and benefits under the existing taxation
regulations.
- Advising on taxation and exchange control regulations for setting up of business
in India or investments in India and vice versa.
- Evaluating the existing compensation structure of employees and suggesting tax efficient
structure.
- Advisory on withholding tax, assistance in seeking advance rulings on International
Tax issues and representation before tax and judicial authorities in assessment
and appeals.
- Handling and representation in income tax Search, Seizure and Survey cases.
- Expatriate Taxation advisory services.
- Advising on corporate structuring and transaction advisory services with a view
to optimize tax incidence.
- Assistance and training in compliance of Goods and Services Tax (GST) Transition.
Advantage RSM Astute
- RSM Astute Consulting Group (along with its affiliates) together has been ranked
as the 5th largest accounting and consulting group in India (International Accounting
Bulletin - September 2010).
- Extensive experience in advisory, taxation and accounting matters across various
industries and service verticals.
- Multi-disciplinary team of professionals comprising of Chartered Accountants, MBAs,
Engineers, Company Secretaries, CISA / DISA, Cost Accountants and Law graduates.
- Indian personnel strength of over 800 people having expertise in diverse fields
and Nation wide presence.