Rajat Bose joined the Firm in March 2019 and heads the Indirect Tax practice of the Firm.
Rajat was an Executive Director in a Big 4 consulting firm specialising in indirect tax and customs advisory, litigation and compliance prior to joining Shardul Amarchand Mangaldas. At the firm, his focus is on tax planning, advisory and litigation support services in the area of Goods & Services Tax (GST), Customs, Excise, Value Added Tax Laws and Foreign Trade laws.
He has been well recognized in the industry as one of the thought leaders on GST laws and has successfully advised various domestic and multinational client on implementation and transition issues relating to GST. He is also a part of various expert committees of business chambers on GST.
Rajat has assisted various companies in making representation before the central and state governments including Central Board of Excise and Customs on various issues pertaining to interpretation, classification, exemptions, concessions etc. under the GST and other indirect tax laws.
He is also regularly representing clients and arguing before various executive and judicial foras including Tribunals, various High Courts and Supreme Court of India on indirect tax matters.
Rajat has in-depth experience in advising various International and Indian Clients from Oil & Gas, Automotive, Information Technology, Infrastructure, Telecommunication, FMCG and Health Care sectors on complicated indirect taxes issues including regulatory frame work under Foreign Trade Policy and laws governing Special Economic Zones, Export Oriented Undertaking etc.
Select Experience Statement
Assisted India’s largest passenger vehicle manufacturer in designing the E-Way Bill process including, conceptualizing, implementing and handholding the client till go-live date;
Assisted India’s largest passenger vehicle manufacturer in implementing robotics to assist in reconciliation of Input Tax Credits from airline companies as well as reconciliation between GSTR 2A and GSTR 3B;
Assisted German luxury car maker in comprehensive Customs and trade procedure and compliance review across 3 locations in India;
Assisted German luxury car maker in routine GST advisory as well as compliances;
Assisted Chinese car maker in GST implementation in India and Customs classification of import of various automobile parts and components including for EV in India;
Assisted Japanese two wheeler company in GST implementation and compliances in India;
Assisted Swedish car manufacturer towards proceedings initiated by the Department of Revenue Intelligence (DRI);
Assisted various auto components manufacturers with GST advisory, compliances, obtaining State level incentives, M-SIPS etc.
Advising Clients on various aspects of GST including impact analysis, transitionary challenges, requirement of business structuring for smooth transition to GST, changes required in existing contractual arrangement ;
Advising Clients on applicability of indirect taxes including service tax, central excise duty, VAT/sales tax laws on various business transactions including securitization, corporate restructuring procurement and distribution models etc.;
Advising Clients on structuring various business arrangements such as turnkey contracts, EPC contracts, Metro Projects, secondment agreements, franchise agreements, technical know-how agreements etc. with a view to optimize indirect tax incidence;
Assisting Client in determining correct classification/valuation of the goods/services and rate of indirect taxes applicable in India inter-alia including current import/export policies governing International trade;
Drafting and filing reply to show cause notices, appeals, writ petitions etc. and representing clients before various judicial fora including Commissioner (Adjudication), Commissioner (Appeals), Customs, Excise & Service Tax Appellate Tribunal, High Court and Supreme Court on various complicated indirect tax issues including GST on ocean freight, Service tax on mining leases, leasing/right to use, franchisee arrangement, export of services, customs and excise classifications, state excise duties etc.;
Providing compliance support to client with respect to day to day compliances such as computation of credits, finalization of returns and refund applications Assisting clients in obtaining approvals, licenses and registrations under SEZ laws, EoU / STPI Schemes, Customs and Foreign Trade Policy etc.;
Conducting indirect tax due diligence and health checks for clients in manufacturing, service or trading sectors with a perspective to analyse the compliance level under indirect taxes and highlighting possible exposure on account of non-compliance with or incorrect interpretation of indirect tax laws.
Professional Memberships
Education
- Bachelor of Socio Legal Studies, LL.B, ILS Law College, Pune University
Insights
Delay in setting-up GST appellate tribunal: A pothole for justice?
Tax technology and indirect tax in India: The evolution and adoption of a digital backbone
Five years of GST in India
Union Budget 2022: Key Changes in GST Compliance
Budget 2022: FM Sitharaman announces changes to indirect tax regime
Budget 2022: Amend CGST to bring input tax credit under inverted duty refunds
Budget 2022: Tax holidays, exemptions expected to reduce import dependence, increase domestic production
PLI Scheme: A boost to green tech & emerging investment in evolutionary thinking
PLI scheme for the steel sector: A shot in the arm
GST Council 43rd meeting preview: Will the govt bite the bullet?
Govt must unleash more GST concessions amid Covid-19 crisis
Retrospective amendment in GST laws: A classic case of legislative overreach?
Did budget 2021 hit the bull’s eye?
Budget announcements on customs law to facilitate ease of doing business
Union budget FY22: Decoding changes in customs law
Budget expectations from indirect taxation perspective
Government should rationalize GSTN portal to allow amendments
Driving digital transformation in indirect taxation: Interplay of machine learning and data analytics with the regulatory framework in India
Customs faceless assessment and CAROTAR 2020: Is there a contradiction in philosophy?
Is the production linked incentive scheme a step towards ‘atmanirbhar bharat’?
The GST cess shortfall: Does tobacco hold the key?
Why GST cess may not be enough for centre to compensate states
E-invoicing: Are the businesses ready?
To cut, or not to cut GST rates, that is the question
SC: Ruling on impact on state industrial policy & incentive schemes
Three years of goods and service tax – a recap with a future roadmap
Budget insights 2019
Why advance authorisation holders still need to worry?
‘Sabka Vishwas’ legacy distribution resolution scheme, 2019: All you need to know
Tax snippets: September 2019
Tax snippets: August 2019
