Overview
The Firm provides a seamless, comprehensive range of Tax and Regulatory services, covering Direct Tax, Indirect Tax, Corporate Law and regulations that deal with Cross border Investments.
India has overhauled its Indirect Tax legislations by way of proposed introduction of Goods and Services Tax (‘GST’)
with effect from July 1, 2017, coupled with potential introduction of Goods and Services Tax (‘GST’).
Also, convergence to International Financial Reporting Standard (IFRS), a global Accounting
Standard applicable to financial statement is being made mandatory for Listed, Banking, Insurance and large-sized companies.
ANT is geared to provide requisite services and support to restructure investment, income and transactions for effective compliance with the proposed legislation.
Indian Tax Regulations are perceived as being one of the most complex set of legislation in the world,generating in its sway, considerable tax litigation. The job requires being updated at all times, with the latest judicial developments, duly complemented by interpretive skills and experience to produce an effective defense against litigation. A tax dispute on a single issue has the propensity to spread over many years with parallel litigation over Tax, Penalty and stay of demand.
The ANT Direct Tax Team has considerable experience in handling Pricing issues and guiding Corporates in selecting the appropriate method to develop an effective Transfer Pricing Strategy. ANT frames Global Policy for Corporates, encompasses careful planning, understanding of economic analysis and Transfer Pricing regulations of different countries. ANT also offers Compliance services such as Transfer Pricing Study, representation before Tax Authorities.
Mirroring the worldwide trend, Transfer Pricing remains the most litigative issue in India. This is where ANT steps in to provide critical support to its multi-national Clients.
Faced with a perpetually evolving legislation leading to overlapping tax implications, Corporates are Constantly challenged with Tax & Regulatory complexities. The story is further complicated by a plethora of Compliance obligations under various Tax and Corporate Regulations, coupled with lack of trained personnel within Corporate groups to deal with such issues.
ANT offers a robust Retainership service which provides Corporates comprehensive Tax and Regulatory support, combined with Advisory and Compliance support on an ongoing basis. ANT has many clients availing the retainership service. This enables them to focus on their Business, minus the stress of dealing with changing regulations.
ANT specializes in International Taxation with capability to deal with country specific DTAAs in the light of source based taxation system followed by Indian Income Tax.
ANT International Tax Advisory Service presents clear insight into Tax issues that foreign companies and Corporates face regularly. With landmark success in the recent controversy surrounding ‘Vodafone-like structures’, ANT offers comprehensive advice backed with compliance services in this area.
