Tax
Asia-Pacific Guide 2024 : India
Band 1
Contact number
+91 11 4129 9800About
Provided by Lakshmikumaran & Sridharan
With experience and years of knowledge in direct, indirect and international tax, the team handles tax disputes and represents clients at various levels from the quasi-judicial authority up to the Supreme Court of India. The vast legacy in litigation allows the team to advise clients in planning and complying with tax laws in India. With the new tax regime of GST being implemented in the country, L&S has a dedicated vertical to guide clients for a smooth transition into the new system. The team advises on transitional provisions and helps in re-designing supply chain, training, hand-holding and compliance review for assessing GST readiness. Additionally, the attorneys are adept in advising corporations on issues relating to business re-structuring, setting up new units, withholding taxes, royalty and fee for technical services, transfer pricing and contracting. In M&A transactions, the tax attorneys of the firm undertake investment structuring, tax due diligence and review.
Chambers Review
Lakshmikumaran & Sridharan has a pre-eminent practice with an acclaimed indirect tax offering and additional experience in direct tax matters. The firm is especially strong in advising on matters concerning excise and service duty, as well as GST, customs and income tax. Corporates seeking advice on tax structuring and transfer pricing regularly entrust the team at Lakshmikumaran & Sridharan with their mandates. The tax practice also handles substantial litigation and frequently acts for leading international and domestic clients. Clients include L'Oréal India, Siemens and Vodafone Idea.
Work Highlights
- Lakshmikumaran & Sridharan represented Kandla Timber Association and Mosaic India before the Supreme Court over the question of whether an Indian importer could be subjected to the levy of IGST on the component of ocean freight paid by a foreign seller to a foreign shipping line on a reverse charge basis.
Notable Practitioners
V Lakshmikumaran is based in New Delhi and has a longstanding reputation as a tax lawyer. He represents clients before Indian tax authorities, including some cases before the Supreme Court, over a range of issues including GST and excise duty.
"One of the most respected and highly regarded in direct tax."