GST Implementation
As you are aware the Indian GST is at its door step, ALA Legal has geared up to serve the industry for its implementation in the organization. Mr. Puneet Agrawal is also an active member of the GST committee of the Institute of Chartered Accountants of India. It is very important from the beginning that all transactions should be verified from GST prospective and GST implication should be assessed and compiled in a correct manner. We are Legal Partners of the companies to implement the GST in the following manner:
– Analysis of each and every transaction of the company from GST point of view.
– Identification of Taxable transaction, Exempt transaction.
– Identification of specific benefits provided to a particular industry or business location.
– Identification of GST Input Credit available to the company and best method of its utilization.
– Classification of the products for CGST and SGST.
Litigation
ALA Legal provides litigation service in its all practice area – Excise, Customs, Service Tax, VAT/CST, FTP & DGFT matters, other state taxes, International Trade, Competition law and Direct Tax. ALA Legal has an in-house expert team of professionals who have handled complex cases and industry matters and therefore now indirect tax litigation service of ALA Legal has become the brand among the industry. Partners of the firm have the experience of over 2000 matters before quasi-judicial and judicial forums like appellate bodies, DGFT, Tribunals, High Courts, and Supreme Court. The unique mix of the peoples’ background at ALA Legal makes the firm distinct where our cross-functional experience helps us to approach the problems in innovative ways and put forth exemplary arguments consulting and execution. ALA Legal also has a chamber in Delhi High Court.
Advisory
To be aware of law which governs a client, his business, and allied activities, is the basic step for compliance and for availing benefits or tax incentive. In a complex indirect tax environment, our clients require legal advice on the tax decisions to be taken in the organization. ALA Legal provides legal opinions in the entire range of Indirect Tax practice areas to assist its clients in their decision making with most appropriate legal backup. Issues like excisability of goods, chargeability of service tax/VAT, classification of products under excise/customs/VAT, tax implications during restructuring of business, availment of Cenvat credit are the areas where our clients routinely seek advice from us.
Consulting
Consulting services provided by ALA Legal also assist our clients and provide them guidance in decision making. Consulting service is provided on retainership basis for providing comprehensive services on tax issues. The teams providing such service are headed by specialist consultants in each area of practice, who also visit the client place when necessary to fully comprehend peculiar facts obtaining in a case. The system adopted by the Firm for providing consultation on retainership basis is managed with much systemized approach. There is one Spoke person dedicated to each client who benefits from oral guidance provided over phone or during meeting, replies to the queries through e-mail, comprehensive written opinion wherever required. The Firm also provides regular updates on latest amendments in the relevant practice area. With an added advantage of having in-depth knowledge of client’s business domain, the team provides optimum, efficient and feasible solutions on the key issues.
Tax Reviews
ALA Legal also does indirect tax reviews of the clients periodically. Tax review is like a law checkup of client’s financials to confirm correct payment of taxes, correct availment of CENVAT credit/input tax credit, benefits of tax concessions and exemption available to client. In most of the company, in-house expertise is not sufficient to achieve these objectives and some issues eventually get ignored due to either complex nature of the issue in hand or busy schedule in day to day job of tax compliance team.
Tax Review team of ALA Legal have sound knowledge of tax laws and have good experience in interpretation of law and litigation. The Team consists of multi-professional people with legal as well as accounting background and this dual skill set assists the client to streamline its tax compliance and to optimize utilization of available tax benefits with the help of high-quality tax reviews. Tax reviews enable clients to maximize benefits, identify opportunities, and exposures for taking corrective action. Tax review Team visits the client site and closely work with the client to understand their transactions and provide the systemized way forward for corrective actions to be taken by the client.
Training
ALA Legal also provides in-house training to the corporate sector to assist in understanding the accurate way of tax compliance through knowledge sharing of existing tax law requirement for a particular organization. Members of the ALA Legal Team also participates as Guest Speaker in workshops and seminars on taxation organized by various professional institutes, industry forums and educational institute.
Departmental Audit Support
Departmental Audit Support
Advance Ruling
Advance Ruling