Nitya Tax Associates

India

Analysis

Overview

Five-year-old boutique tax firm Nitya Tax Associates is primarily focused on indirect tax advisory and related litigation. It opened a new office in Bangalore and the second space in Delhi, bringing the total operations to four offices in three cities with 50 tax professionals overall. The firm holds the achievement of being one of the very few tax firms that successfully represented clients in obtaining favourable orders from various authorities for advance ruling under the newly introduced GST regime. Last year the firm expanded to focus on matters of international trade and commerce, including advice on the recently introduced Customs Rules, 2020 and Remission of Duties and Taxes on Exported Products SchemeManaging partner Puneet Bansal is an indirect tax specialist with particular experience in the automobile, consumer goods and service, and pharmaceutical and health sciences sectors. Last year the firm welcomed 10 new professionals, including international trade law specialist and associate partner TD Satish from Sarvada Legal.  

Tax

Work highlights 

Represented one of India’s pioneer FMCG companies before the Supreme Court on issue of rate of GST on Mosquito Repellant. 

Advised a leading automotive component manufacturer in getting relief from Delhi High Court on issue of transition of pre-GST credits 

Representing exporters Metso India, Graziano Transmissioni Private and Spicer India Private before the Delhi High Court relating to the government’s action of curtailing export incentive