SALES TAX & WORKS CONTRACT TAX

MGA purveys wide range of sales tax/works contract tax consultancy services to its multifarious corporate clients. At present MGA is the official Sales Tax Consultant of a number of leading corporate organizations carrying on their business affairs in India. In discharge of its role as sales tax/works contract tax consultant MGA assists its clients in the following areas:

Registration: MGA imparts information regarding the procedure required to be followed, the documents required to be submitted and other formalities required to be complied with for the purpose of securing sales tax/works contract tax registration in different states. The All India wide network of associate consultants enables MGA to secure Local as well as Central Sales Tax registration for its corporate clients in any state across India at a very short notice.

Compliance: MGA extends aid to its clients in maintenance of relevant records necessary for the purpose of assessment of their sales tax/works contract tax liabilities. Monthly checking of invoices and other documents is conducted in order to ensure accuracy in calculation of sales tax/works contract tax payable by clients. MGA also assumes responsibility of procurement of necessary statutory forms viz. C Forms, F Forms and other prescribed central & local forms and to arrange for payment of sales tax/works contract tax and submission of monthly/quarterly/annual returns within the time limit prescribed under the sales tax legislation of various states. Consultants at MGA render their opinion in respect of applicability of WCT TDS provisions on different kinds of contracts being effectuated by its clients. Being equipped with necessary infrastructure, MGA assists its clients in compliance of these WCT TDS provisions.

Assessments: MGA verifies the relevant accounts and compilation of required documents such as sales summary, reconciliation statements etc. for the purpose of summary/regular assessments. Consultants from MGA pay visits to the sales tax departments as and when required by the department for the purpose of framing assessments.

Legal Matters: Legal personnel of MGA offer their expert advice to clients on disputes with the sales tax authorities. They draft appeals, writ petitions, reply to notices, review applications, etc in relation to these disputes and appear before various sales tax authorities for hearing of legal matters filed/pending before sales tax authorities. MGA’s legal team also obtains advance-ruling order from the sales tax authorities on matters that require departmental clarification.

Policy Decisions: Giving written opinions on sales tax implications of the various commercial transactions that its corporate clients intend to effectuate. The research team of MGA disseminates regular updates on the amendments in the sales tax/works contract tax laws. With all this MGA provides valuable assistance to the management of its clients to making their policy decisions.