Indirect tax is chargeable on the consumption of the goods and services in India. Before July 1, 2017, India had a complex indirect tax regime with multiple taxes levied at multiple stages of transactions, such as excise duty, service tax, value added tax, purchase tax, central sales tax, octroy etc. However, from July 1, 2017, all the multiple taxes have been abolished and a unified Goods and Services Tax (GST) has been introduced. GST is considered to be a great step towards transformation of the current indirect tax regime, removing the cascading effect of multiple taxes and bringing in ease of administration.
The tax team expertise includes advisory and representation services in the areas of Goods and Services Tax including erstwhile Service Tax, Value Added Tax and Central Sales Tax laws.
