• RBI grants in-principal approval for Payment Banks.

  • Online reporting with RBI.

  • Note on clarification issued by MCA.

MGB is a familiar and renowned name in dealing with complex assignments of representing before department and has to its recognition and acclaim, handled assignments of several companies with technical finesse and meritorious articulation. Our highly experienced team of professionals has been advising and assisting companies across a spectrum of matters relating to Tax Advisory and Planning, Compliance, Withholding Tax and Representation Services.

Due to its in-depth research in the field of Direct Taxes, locally as well as Internationally, as well as on account of close and regular interaction with the Indian Tax authorities, MGB is able to provide pragmatic solutions to its clientele. Its Range of services in this area includes:

  • Providing opinions on various complex tax issues;
  • Tax planning for Non-Resident Indians, Overseas Entities desirous of setting up a business in India and Indian Entities desirous of setting up an overseas business/base;
  • Tax representation before the Indian Tax Authorities at all levels (up to the Income Tax Appellate Tribunal);
  • Advising on the applicability of withholding taxes
  • Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliances such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, certificate for non-deduction of taxes at source, etc.
  • Updating clients on developments in the field of direct taxes which could have a bearing on their business

Our Transfer Pricing services offer effective solutions to companies which undertake international transactions or specified domestic transactions with its associated enterprise(s) / group companies. We assist in corporate decision making at various stages of inter-company transactions i.e., planning, policy making, deciding whether to go in for an Advanced Pricing agreement, implementation, documentation & compliance and defending before the revenue appellate authorities.

Our specialist team is competent to assist your company in the following areas of Transfer Pricing:

  • Transfer Pricing Planning and Transactions Analysis
  • Transfer Pricing Documentation
  • Issuance of Accountant’s Report
  • Planning and Documentation of for Specified Domestic Transactions (SDTs)
  • Transfer Pricing Assessments
  • Representation before AO/ TPO, DRP, CIT (A), ITAT, HC & SC would include:
  • strategizing
  • assistance in preparing submissions
  • assistance in preparing statement of facts and grounds of appeals
  • representation before the authorities
  • co-ordination with legal counsel
  • related advisory
  • Advance Pricing Agreements

    Indirect Tax

  • Assessment of tax
  • Representation before various tax authorities
  • Drafting appeals, submissions and replies to notices
  • Presenting appearances and arguments before adjudication and appellate authorities up to the tribunal

VAT Consultancy

  • Registration under Local & Central VAT Act
  • Assessment & Appeal
  • Getting statutory Forms- C Form/ F Form
  • Refund application for exporters

Service Tax Consultancy

  • We provide advisory services with regard to applicability of the tax and procedural compliance like registration, assessments etc
  • We help in conducting Service tax health checks to determine the service tax implications on client operations, gauge compliance with legal provisions and also suggest tax planning opportunities to our clients.

India is the world's largest democracy and one of the fastest growing economies. As multinationals across the world shift their focus and approach to India, it is important that the country's tax and regulatory policies are well understood for optimizing growth and success opportunities. The Indian home grown business houses interested in or aiming to set-up a shop abroad or list on the overseas bourses need to understand and stride through an interplay of cross border taxes and regulations for converging on a suitable approach.

  • We offer services in structuring with an emphasis on crucial areas like integration with existing international operations, global tax efficiency, exchange controls and other regulatory perspectives.
  • We provide assistance in setting up operations in India and abroad, acquiring regulatory approvals and documentations. Apart from these, we provide advisory services on Double Taxation Treaty analysis and tax implication on inward/outward remittances.

Our technical expertise also provides Certification services like withholding tax certificates with respect to remittances for international transactions.

  • The tax services team develops strategic solutions to client's tax issues arising from acquisitions, sales and restructurings and advises on all matters of compliance. This helps clients realize the maximum tax advantages from their transactions
  • Vendor and buy-side due diligence on target companies
  • Using the due diligence process to identify opportunities for further tax efficiencies
  • Structuring transactions in a tax-efficient manner
  • Integrating and optimizing tax department processes and technologies
  • Sale of business, including preparation, valuation, packaging and marketing the business to potential investors, negotiation, tax minimisation
  • Investment planning and strategic business advice, including business valuations, optimum financial structure, development strategy, management incentive schemes and exit strategies