Tax Due diligence services
Indian Tax system had witnessed major Tax reforms during the last decade,
which makes it important for any Company to cross check its compliance level,
to review business structure from Tax perspective and to restructure transactions,
wherever required. We assist our clients in identifying such risk areas by:
✓ Reviewing Books of Accounts, Records, and Tax returns of the Company;
✓ Reconciling Tax Records with the Books of Accounts, as well as with Governments’ data
(i.e., as per Form 26AS / GSTR-2A / GSTR-2B etc);
✓ Validating various Tax claims (ITC / TDS / TCS) from perspective of legal provisions as
well as validity of documents;
✓ Reviewing surrender of ITC (blocked ITC / non-payment / exempt supplies etc);
✓ Reviewing compliance level (e.g., correctness of E-waybills, timely & correct filing of
various returns etc.);
✓ Reviewing legal documents (contracts, agreements, PO, Invoices etc) recommending
changes or restructuring, wherever required;
✓ Reviewing Tax implications on disclosures in Financial Statements;
✓ Ensuring Audit preparedness for smooth GST Audit by Departmental officers

Why Due Diligence?
Once Due diligence is done by External & Competent agency
There remain no scope of any surprise during Audit by GST Department