Tax

India member of the global Taxand network

Overview

ELP’s market leading Tax practice with its “out of the box” solution providing ability has created a niche for itself. The Tax practice offers comprehensive qualitative services across both indirect and direct taxes (including transfer pricing) covering the entire spectrum of transactional, advisory and litigation work. Our distinctive tax practice seamlessly integrates expertise in both advisory services and litigation, enabling the firm to address and offer redressal in any and all disputes that may arise. ELP has the distinction of having assisted some of the largest global conglomerates on a wide spectrum of matters that encompass not only legal advisory but also in-depth strategic decisions which have had a far reaching impact on domestic as well as cross-border businesses and transactions of these organisations. Our tax team comprising of professionals with diverse expertise, which include not only legal professionals (advocates and solicitors) but also financial and market analysts, chartered accountants and economists who hold multi-jurisdictional qualifications, has achieved this kind of reach and impact with a rather innovative and customised approach.

Additionally, ELP’s team routinely renders litigation services to clients. ELP strategises, assists and represents clients in both adjudication as well as appellate proceedings. We regularly handle cases from the stage of appearing before Assistant or Deputy Commissioners right up-to the Supreme Court on almost every tax issue to have arisen in the country. Our team has the expertise and ability to represent clients at various fora, including the Dispute Resolution Panel, Authority for Advance Rulings and the Supreme Court of India. The combination of advisory and litigation services provided under one roof gives ELP a unique positioning especially in India, where the proportion to tax litigation is significantly higher compared to the other nations.

ELP’s indirect tax expertise has transitioned itself from the entire gamut of taxes including Excise, Customs, Service Tax, Sales Tax/Value Added Tax (VAT), Entertainment Tax, Entry Tax to recently introduced Goods and Services Tax (GST). On GST, ELP has to its credit not just the privilege of having assisted companies with transitioning into GST, but in certain cases hand held the entire industry in the transition process. ELP also advises clients on Foreign Exchange Regulations, Foreign Trade Policy and Export Control and Trade Sanctions. Our wealth of experience includes advising clients across sectors and countries. We have also successfully represented various industry associations before the Ministry of Finance and its functionaries on various issues impeding business operations. We have also been privileged to advise the Government of India on policy initiatives.

 

ELP’s direct tax expertise covers all aspects of international and domestic tax matters including transfer pricing. Our team outlines commercially viable structures and suggests arrangements to clients so as to achieve business objectives in a tax and regulatory efficient manner. We provide cutting edge and novel solutions to issues that emanate at the structuring stage of transactions with the view to providing forward looking tax strategies to our clients.

ELP’s transfer pricing services offer solutions across industries and geographies with the focus on not only a comprehensive analysis but also on assisting clients in planning their transfer price. We are uniquely positioned amongst firms in India due to our added ability to advice on trade and customs including valuation to be adapted under customs. Our team has been trained internationally and is able to provide a broader perspective on matters and transactions to mitigate risks in the future.

With years of unparalleled expertise in the field of Indirect Tax Advisory and Litigation, ELP brings to the table a dedicated and experienced team of professionals comprising of advocates, chartered accountants and economists to provide high quality support, advice and assistance towards a smooth transition into the new GST regime. Our in-depth understanding of this field has led us to collaborate with various large multi-national and Indian clients across diverse sectors, industry associations and trade bodies. Our presence in multiple locations in India and proficiency in the management of multi-jurisdictional tax advisory and litigation matters enables us to provide Pan-India support to clients on GST.

ELP’s integrated and seamless approach, wealth of experience, high-level partner involvement, in-depth knowledge and expertise and comprehensive service offerings pan India have made us one of the most sought after firms for tax within India.

Services

Indirect Tax

  • Tax structuring & optimisation including advice and assistance in relation to all kinds of issues, having implications under GST as also in relation to:
  • Customs Duty
  • State Excise, and State incentive policy
  • Foreign Trade Policy, etc.
  • Export Control and Trade Sanctions
  • Advisory, transaction structuring & support services including analysis of sourcing, procurement and distribution models and advice on best practices to be incorporated in the supply chain from a GST efficiency perspective
  • Due diligence & optimisation study for building tax efficiencies and determining potential tax saving opportunities
  • Assistance for negotiating optimum package of incentives under the State Industrial Policy
  • Comprehensive support for resolving tax issues related to cross border transactions
  • Advice and assistance on policy initiatives & representations before Central and State Government authorities
  • Litigation services – right from assessment level to the highest appellate level, and across all fora and courts including Authority for Advance Ruling, Settlement Commission, up-to the Supreme Court

Direct Tax

International and Domestic Tax Advisory

  • Inbound and outbound structuring;
  • Planning to improve tax efficiency/strategic documentation;
  • Designing an entry strategy (types of presence);
  • Treaty interpretations;
  • Exchange policy and foreign investments;
  • Investment and capital structuring;
  • Structuring of Revenue and/or capital flows – for example dividend, royalty, fees for technical services;
  • Formulating strategy for mitigating risk of PE exposure of foreign corporations;
  • Structuring of infrastructure and Engineering Procurement Construction (EPC) contracts;
  • Domestic Tax Planning;
  • Tax compliance & dispute assistance (litigation support);
  • Levies from POEM and GAAR perspective

Transfer Pricing

  • Transfer pricing study and documentation;
  • Inter-company transfer pricing policies for tangible goods, intangibles and services;
  • Transfer pricing planning Services;
  • Transfer Pricing Litigation;
  • Supply chain advisory;
  • Analysing existing policies to ascertain how these should be streamlined to meet the changing economic environment; and
  • Evaluating the positions taken in past in light of the evolving tax positions

Financial Planning and/or Transaction Advisory

  • M&A Advisory;
  • Promoter off-shoring;
  • Structuring for listing outside of India;
  • Fund structuring and Carry structuring;
  • Internal restructuring, and
  • Transaction process support

Tax Newsletter: October 15- October 30

11 Nov 2020 | Read More

Tax Newsletter – September 30 - October 15, 2020

22 Oct 2020 | Read More

ELP – Tax Newsletter -September 15 – September 30

7 Oct 2020 | Read More

Inverted Decision on Inverted Rate Structure

7 Oct 2020 | Read More

Guidelines under Section 194-O and 206C(1H) of the IT Act

1 Oct 2020 | Read More

Tax Collection at Source

29 Sep 2020 | Read More

Navigating GST 2.0 – Issue 8

24 Sep 2020 | Read More

Taxation & Other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020

22 Sep 2020 | Read More

ELP – Tax Newsletter – August 15 to August 31

4 Sep 2020 | Read More

ELP - Tax Newsletter - August 1 to August 15

20 Aug 2020 | Read More

VKC Footsteps vs UOI Ors

7 Aug 2020 | Read More

ELP - Tax Newsletter

4 Aug 2020 | Read More

GST Implications on Royalty: A Continuum of Perspectives

4 Aug 2020 | Read More

Navigating GST 2.0 – Issue 7

17 Jul 2020 | Read More

Tax Newsletter - July 1 to 15 2020

16 Jul 2020 | Read More

The Curious Case of ITC Admissibility

16 Jul 2020 | Read More

Managing GST 2.0 - Issue 6

25 May 2020 | Read More

Burning Issues Plaguing the GST Refunds

25 May 2020 | Read More

Equalization Levy 2.0: Uncertainities Abound

25 May 2020 | Read More

Unraveling the Dichotomy of GST on Director's Remuneration

25 May 2020 | Read More

Director's remuneration: Is GST applicable across the board?

25 May 2020 | Read More

Rules 86A(1)(B) of the CGST Rules - The Saga of Blocked Credit

25 May 2020 | Read More

RoDTEP- A Silver Lining for Indian Exporters

25 May 2020 | Read More

Decoding GST

25 May 2020 | Read More

Navigating GST 2.0 : Issue 4

25 May 2020 | Read More

Retrospective Amendment and Consequent Interest Liability in GST Legislation - An Analysis

25 May 2020 | Read More

Tax Update (March 10 - March 31, 2020)

25 May 2020 | Read More

Budget 2020- Widened Scope of Offences and Criminalization under GST Law

25 May 2020 | Read More

Enhancing Insurance Coverage on Bank Deposits - Increasing Tax Litigation Woes for ...

25 May 2020 | Read More

ELP - Tax Update

15 Mar 2020 | Read More

ELP - Tax Update (February 25 - March 10, 2020)

1 Mar 2020 | Read More

Settling the Unsettled Concept of Job Work

1 Mar 2020 | Read More

ELP - Export Control Alert

21 Feb 2020 | Read More

Tightening the Ropes on Administration of Preferential Tariff Treatment under Trade Agreements

21 Feb 2020 | Read More

ELP- Tax Update

10 Feb 2020 | Read More

ELP -Taxation Update - The Direct Tax Vivad Se Vishwas Bill 2020

12 Feb 2020 | Read More

India’s new rules to tax “stateless” NRIs lack clarity and may hit ...

12 Feb 2020 | Read More

Union Budget 2020: An Analysis

2 Feb 2020 | Read More

ELP - Knowledge Series - India Update - Part 4 of 2019

22 Jan 2020 | Read More

New Consumer Protection Act: Why businesses need to be prepared for greater ...

22 Jan 2020 | Read More

Anti-Profiteering Whip To The Real Estate Sector

22 Jan 2020 | Read More

Tax Audits for enterprises that claim GST refunds illicitly

22 Jan 2020 | Read More

Navigating GST 2.0 : Issue 2

4 Dec 2019 | Read More

Taxation in India: Curated Views

22 Nov 2019 | Read More

Tax department wants to impose 18% GST on CXO salaries

22 Nov 2019 | Read More

The Incongruity between Income Tax and GST Laws

22 Nov 2019 | Read More

Realtors told to reverse transition credit

22 Nov 2019 | Read More

GSTsutra Expert Column: Interplay of Goods And Services Tax Laws Vis-a-Vis Customs ...

22 Nov 2019 | Read More

New income-tax amendments by the Finance Ministry to boost the economy

24 Oct 2019 | Read More

ELP - Knowledge Series - India Update - Part 3 of 2019

3 Sep 2019 | Read More

Anti-profiteering Authority sends notices to HUL, P&G and other FMCG Cos

3 Sep 2019 | Read More

It's Plastic, but for Taxman it's Auto Part & Higher Tax

26 Aug 2019 | Read More

FMCG, pharma cos to contest retro tax

26 Aug 2019 | Read More

The new Consumer Protection Bill - What's in store?

26 Aug 2019 | Read More

Taxsutra & ELP Present Webinar on 'GST Proposals and Legacy Dispute Resolution ...

26 Aug 2019 | Read More

Union Budget 2019 - An Analysis

7 Jul 2019 | Read More

GST implications on transactions in securities- Part 1

7 Jul 2019 | Read More

ELP Knowledge Series - India Update Part 2 of 2019

7 May 2019 | Read More

Export Control Update: Amendments in the SCOMET List

5 May 2019 | Read More

Interpretation of exemption notifications in fiscal statutes

5 May 2019 | Read More

The Real Estate Sector: Finally Witnessing Its Silver Lining?

5 May 2019 | Read More

ELP Rohit Jain on BTVI News GST Council Post Discussion

5 May 2019 | Read More

Unsold flats to see demand

25 Feb 2019 | Read More

Relief to start-up companies from Angel Tax - DPIIT issues notification to ...

21 Feb 2019 | Read More

ELP GST Update

21 Feb 2019 | Read More

ELP Knowledge Series - India Update Part 1 of 2019

19 Feb 2019 | Read More

A look at the Pre-Import condition under GST regime

12 Feb 2019 | Read More

Package Scheme of Incentives in Maharashtra – Is it actually incentivizing?

15 Feb 2019 | Read More

A year later, uncertainties on GST implementation mar realty sector

1 Jul 2018 | Read More

Budget 2019: Judicial Reform Is What This Economy Needs Now

2 Feb 2019 | Read More

Interim Union Budget 2019 - An Analysis

1 Feb 2019 | Read More

ELP's Harsh Shah - Zee Business

1 Feb 2019 | Read More

ELP's Anay Banhatti- Zee Business

1 Feb 2019 | Read More

ELP GST Update

27 Nov 2018 | Read More

Taxsutra Webinar Invitation

27 Nov 2018 | Read More

GST Update

2 Nov 2018 | Read More

ELP GST Update

29 Oct 2018 | Read More

ELP GST Update

29 Oct 2018 | Read More

Can salary paid for services by head office to its branch offices ...

15 Sep 2018 | Read More

ELP GST Update

17 Sep 2018 | Read More

Mechanism of Audit by tax authorities under GST laws

7 Sep 2018 | Read More

ELP GST Update

10 Sep 2018 | Read More

ELP GST Update

14 Sep 2018 | Read More

ELP Knowledge Series - India Update Part 2 of 2018

10 Sep 2018 | Read More

Circular dated 08.06.2018 on servicing of cars may open a pandoras box ...

25 Jun 2018 | Read More

The Anti-profiteering conundrum

20 Jul 2018 | Read More

ELP GST Update

20 Jul 2018 | Read More

ELP GST Update

20 Jul 2018 | Read More

ELP GST Update

20 Jul 2018 | Read More

Taxation of import of services – The series of sharp U-turns

5 Dec 2016 | Read More

Union Budget, 2018

18 Jan 2018 | Read More

GST Weekly Update Compilation

15 Sep 2017 | Read More

Budget walks the tightrope with fewer changes to tax structure

1 Feb 2018 | Read More

Putting the real back in realty

14 Feb 2018 | Read More

Anti-profiteering provisions under GST: Analysing the emerging paradigm

23 Nov 2020 | Read More

ELP GST Update

23 Nov 2020 | Read More

ELP GST Update

23 Nov 2020 | Read More

ELP GST Update

23 Nov 2020 | Read More

ELP GST Update

23 Nov 2020 | Read More

ELP GST Update

23 Nov 2020 | Read More