Service Tax

SERVICE TAX





  Since service tax is a relatively new and expeditiously expanding discipline in India, quiet a sizable fraction of Indian service industry is still unaware about its applicability and implications. Forestalling such a scenario of information crisis, MGA timely equipped itself with a special team of consultants having deep understanding of Service Tax. Besides dealing with specific queries of the clients with respect to the scope and applicability of Service Tax, this team proficiently renders the following services to its clients:

 

Registration & Compliance:  The Service Tax team of MGA assists its corporate clients that render taxable services, in securing registration by imparting necessary information with respect to the requirement, procedures and modes of service tax registration. Regular reminders and updates are issued and infrastructural support is provided to the clients so as to enable them to comply with their service tax liabilities be these payment of taxes or submission of periodical returns.

Assessment & Service Tax Credit : MGA Service Tax team facilitates maintenance of principal records for assessment of service tax liabilities of its clients. While strictly acting within the legal parameters, MGA Service Tax team makes it sure that their clients are able to discharge their liabilities on the most cost-effective manner. For this full cooperation and advice is extended so as to enable them to avail the maximum credit of duty/tax paid on input goods/services as per the provisions of CENVAT Credit Rules, 2004.

Refund & Adjustments : MGA service tax team apprises its clients of the procedures and methods of claiming refund/adjustment of the service tax paid in excess during a particular period against their future liability. To ensure that the clients are able to secure the refund/adjustment in time, MGA renders comprehensive services right from the stage of filing of application before the appropriate assessing authority up to the stage of appearing before the tax authorities to make the clarifications sought by them.

Adjudication & appeals: A significant part of the job responsibilities of MGA service tax team comprises of handling adjudication and appellate matters of its service tax clients. By rendering their timely expert legal advice, MGA consultants have, on a number of occasions, saved leading corporations from the burden of heavy tax liabilities/penalties being imposed upon them.

 

Exemption & Miscellaneous matters:  MGA assists its clients in claiming service tax rebates/exemptions available to them under the law. Apart from the aforementioned and several other services, MGA service tax consultants also undertake the job of meticulous tax/project planning for their corporate clients with the object of minimizing their tax liabilities. However, while drawing these tax/project plans MGA consultants vouch for undiminished adherence to the legal mandates and departmental rulings.