Taxation (Direct & Indirect)

At V. Ashok and Associates, our tax practice provides a complete range of legal services relating to taxes, direct and indirect. We help clients take advantage of opportunities while complying with the latest tax rules to minimize tax liability and maximize tax planning opportunities.

Direct Tax—Income Tax

Our direct tax practice focuses on income tax. Our services include tax advisory, tax planning, compliance, and tax litigation. We advise individuals, corporations, partnerships, and trusts on fulfilling their direct tax obligations. Our firm advises clients on tax structuring in mergers and acquisitions, structuring gains to avoid capital gains tax, claims for exemption, and questions of disputes with tax authorities. We not only advise clients during the dispute resolution process, but we also represent clients in appellate interviews.

Tax advisory is now part of a larger advisory practice, including transfer pricing, international taxation, tax laws, and agreements with foreign countries; we also provide advisory on indirect taxes such as CGST, UTGST, IGST, value-added tax, etc.

Indirect Tax

With the Goods and Services Tax (GST) regime recently introduced and not without hiccups, it is now agreed that India's indirect tax landscape is now completely changed, and we now must adhere to a new set of tax compliance requirements. Our firm's indirect tax services cover most of what are now the major areas of indirect tax:

• Excise Duty: Advisory services on excise legislation and compliance for manufacturing and production firms
• Sales Tax: Services on state sales tax compliance and audits.
• Service Tax: Management of service tax legacy issues and compliance prior to GST implementation.
• Value Added Tax (VAT): Expertise with VAT assessments, refunds, and dispute resolution.
• Customs Duty: Advisory services on import/export duties, tariff classifications, valuation, and customs processes.
• Stamp Duty: Support with stamp duty assessments and stamp duty-related legal issues.
• GST: Fully fledged services including registration, compliance, audits, refunds, and dispute resolution under the GST regime.

Our firm’s tax team combines a depth of technical knowledge with practical experience to produce value-driven and commercially practical tax outcomes to meet our clients’ needs while respecting statutory obligations and maximizing tax efficiency.