Bihari Shah And Co.

Value Added Tax (VAT) is a tax on value addition and a multi point tax, which is levied at every stage of sale. It is collected at the stage of manufacture/resale and contemplates rebating of tax paid on inputs and purchases.

The firm provides services to the clients on the various aspects of Service Tax matters. The range of services in this area includes starting from the applicability of the provisions of the Act up to filing of periodical returns and pleading on behalf the clients in the matters of disputes with various authorities.

The e-filing of tax returns services in this area are also offered by the firm. A special team is available to extend such hi- tech services to the clients.Service Tax is a central tax, which has been imposed on certain services and it was the Finance Act 1994 that first introduced the service tax provisions through its Chapter V. Service Tax is collected by Central Excise Department.

The service tax is payable on all the taxable service rendered in India (except Jammu & Kashmir), whether to an Indian or foreign client. However services rendered abroad shall not attract service tax levies, as it extends only to services provided within India.

We assist our clients in various across-the-board negotiations with the proposed business partner to arrive at a mutually beneficial agreement as also finalisation of the joint venture other arrangement.

We have a commendable track record of having successfully arranged low cost funds viz. long term / working capital loans in India and External Commercial Borrowings for start up / expansion projects from financial institutions, banks and venture capitalists.

The services being provided by the firm include identification of project, preparation of project reports, appraisal of projects, advising on resource mobilization at all level starting from establishing and commencing the project with due compliance in technical, statutory, financial and other legal matter.

The Firm has specialized in tax planning services by advising and counseling to clients in selecting proper form of business, organization of capital structuring, consolidation of resources etc.

It is representing its individual and corporate clients before various authorities starting from the Assessing Officer to the Income Tax Tribunals, Settlement Commission and the Central Board of Direct Taxes.

Management Consultancy:

• Reviewing And Improving Management Information Systems.
• Advice And Assistance With Start-Ups, Reconstructions, Mergers, Management Buy-Outs, Business Acquisitions And Disposals.
• Business Valuations
• Capital Structures
• Design of Organisation Structure.
• Project Planning And Control.
• Business Management And Development.
• Financial Management And Control.

Working Capital Management.
• Feasibility Studies, Investigations And Takeovers Evaluating And Designing Business Information Systems.
• Succession Planning And Staff Recruitment.
• Continuous Improvement Programs For Quality And Change.
• Management Assurance Services.
• Due diligence reviews.
• Business risk assessment studies.
• Fraud survey and investigations.
• Forensic Accounting Services.
• Payroll
• STPI Consultancy
• Litigation services
• Physical verification of Fixed Assets/Inventory/stock in trade

Besides managing the business negotiations, we oversee all the restructuring arrangements- mergers, demergers, amalgamations.

The firm provides services of designing, developing and implementing the accrual / cash system of accounting for Corporate and Non Corporate entities as well as for Government and Semi-Government agencies. The firm possesses the expertise to design Manual on Accounting and various operational areas including Internal Control System and related records to be maintained by an organization and also to advise on various issues pertaining to treatment of transactions involving multiple complexities and legal implications.