Taxation Service

P K Lakhani & Co. provides consultation and documentation for all tax-related problems in a business. The entrepreneur can relax and be confident that a competent authority is handling the matters right from filing the returns to reviewing and evaluating. It helps to design customized packages to comply with global tax requirements, provide statutory accounting and reporting services even under the sometimes constraining resource situations.

We offer specialized services in the following areas:

• Indirect Taxes: The indirect taxes are hidden taxes which are not apparent at first or cursory glance. The error rate in computing these taxes is often very high and rectifying them entails a waste of time, effort and money which ultimately affects the productivity of company. Thus wisdom lies in enlisting the aid of experts who can detect the hidden taxes, predict their effects and help mitigate them. P K Lakhani & Co. covers all areas related to taxes - direct or indirect. Their role as advisors is undisputed be it GST.
  
  GST Services by Professional Chartered Accountants

  GST has become a crucial part of every business, and staying compliant is essential to avoid penalties and ensure smooth operations. Our firm offers complete GST solutions, from registration to monthly filings, notices, appeals, and refunds. We combine technical expertise with practical experience to help businesses meet all GST requirements with confidence.

  • Monthly GST Compliance: Monthly GST compliance demands accuracy, timely filing, and continuous monitoring. We take full responsibility for your monthly GST tasks, including preparation and filing of GSTR-1 and GSTR-3B, ITC reconciliation with GSTR-2B, and review of outward and inward supplies.
  • GST Notice Reply & Advisory: Receiving a GST notice can be stressful. We provide complete support from analysing the notice to drafting the reply and preparing all supporting documents. Our experts represent you before GST authorities and assist in handling scrutiny notices, audit queries, demand notices, and reconciliation issues.
  • GST Refund Assistance: We help businesses obtain GST refunds smoothly and efficiently, whether they arise due to exports, inverted duty structure, or excess cash ledger balance. Our services include preparing the refund application, compiling required documents, and coordinating with the department.
  • GST Appeals & Litigation Support: If you believe an order issued by the GST department is incorrect, we assist in filing appeals. We prepare grounds of appeal, draft statements of facts, review case laws, and represent your case professionally.
  • GST Registration & Amendments: We provide complete assistance for new GST registrations and support amendments such as change of address, business activity, or partners/directors. For cancelled registrations, we manage revocation requests.
  
  The team performs three roles:
  • Strategic consultants and advisors - Assistance is provided to negotiate and review contract documentation, formulate indirect tax efficient business tools, VAT impact assessment studies, opinions on tax policies, suggesting classification, valuation applicability of taxes on transactions, identification of tax opportunities, etc.
  • Support for complying with taxes - All matters related to compliance from customized manuals on indirect taxes to coordination of tax payments and provision of support for special valuation branch proceedings.
• Personal Tax Services: Rising incomes, heavier pay packages, lack of time and complicated tax laws have taken handling income tax returns and related matters out of the hands of an individual. Compliance with an increasingly complex system, however, is a must. This task has to be necessarily assigned to the experts who can do it with minimum error and fuss. Handling tax matters is not merely about filling up forms. It entails understanding the tax structure and utilizing it to solve all tax related problems be it relief from tax or the various exemptions.

  It is important to comply with the system voluntarily as it minimizes problems. This can be done only when there is complete understanding of the laws and the system. This is where professionals come in. They can foresee the problems and minimize their impact.

  P K Lakhani & Co. helps you prepare your tax returns efficiently and accurately. Expert advice on tax relief and exemption are provided. We help you comply with tax services and plan for the future and assist with broader documentation and financial planning too.

• Transfer Pricing: The world is truly a global village today. Businesses know no borders and the sky is the limit. It, however, does entail reframing laws and ensuring uniformity of laws and regulations across the borders. Transfer pricing is setting a uniform price within a multi-divisional organization, particularly in regard to cross-border transactions. When goods are transferred from one company to another or even within a company but a foreign subsidiary there are factors which affect the division of profit within the company. This has led to the rise of transfer pricing regulations as governments seek to stem the flow of taxation revenue overseas, making the issue one of great importance for multinational corporations.

  Professional companies help comply with the complex requirements of the multiple tax jurisdictions. If done without expert advice this could lead to waste of time and loss of funds. Transfer pricing involves a lot of complex and dynamic issues. It involves planning to improve tax efficiency and defense posture, resolution of global controversies and strategic documentation.

  P K Lakhani & Co. ensures smooth transactions and that proper documentation is done. This is a process of high-involvement which has to be done meticulously and according to the specifications. Planning needs to be done to reduce tax burdens. Keeping in mind the changing scenario and the multiplicity and complexity of laws and regulations an expert opinion is a must. Sometimes the pricing policy has to be defended and justified.