Prateek Bansal

Assisted, advised and provided handholding support to various leading companies engaged in sectors including real estate, media and entertainment, hospitality, and food processing in transitioning to the GST regime.

• Assisted and represented Industry Associations engaged in sectors such as media, entertainment and hospitality amongst others in making representations to the Ministry of Finance (India) and GST Council for lower/ benign GST rates.
• Successfully provided advocacy to the multiplexes and cinema owner’s associations in representations before various State Government authorities for the grandfathering of exemptions/ rebates under GST regime.
• Assisting and advising Industry Associations engaged in sectors such as pharmaceuticals and Infrastructure in preparation / computation of data to be furnished to Remission of Duties and Taxes on Export Products (‘RODTEP’) Committee and representing such aggrieved associations before the RODTEP Committee and Central Board of Indirect Taxes and Customs (CBIC).

Providing ongoing assistance and tax advisory to leading companies engaged in sectors such as organizing sporting events, pharmaceuticals and chemicals,etc.

• Advising and representing a real estate company in anti-profiteering writ proceedings before the Hon’ble Delhi High Court.
• Advising and representing a renowned cricket league franchise before the GST authorities of two Indian States in a dispute relating to appropriate place of GST registration and on the issue of reversal of input tax credit pertaining to supply of services liable to GST on reverse charge basis.
• Counselling clients in challenging the budgetary support scheme under GST which is issued in lieu of are based exemptions available under the erstwhile indirect tax regime .

• Handling litigation matters pertaining to the erstwhile indirect taxes regime including but not limited to drafting and filing of statutory correspondences, filing appeals before the Customs, Excise and Service Tax Appellate Tribunal (‘CESTAT’) and writ petitions with various High Courts.
• Advising, representing and providing strategic counsel to leading pharmaceuticals and food processing companies in various issues under Value Added Tax and Central Sales Tax, including disallowance of branch transfers in origin States and refund / set-off from the destination States.
• Advised and represented a leading cricket league franchisee and media & entertainment company regarding levy of Service Tax on revenue-sharing arrangement before adjudicating authority and CESTAT.
• Advised and represented a multinational chemicals company before adjudicating authority and CESTAT regarding reversal of CENVAT Credit availed in relation to input services utilized for trading activity and taxable output services.

• Effectively undertook comprehensive review of customs classification of products imported and exported by a leading pharmaceutical company.
• Handling litigation proceedings of various leading pharmaceuticals and chemicals companies before the Customs authorities in issues pertaining to violation of ‘pre-import’ condition for availing IGST exemption against Advance Authorization license.

Represented a leading multinational retail corporation in a high-stakes dispute involving allegations of non-compliance under the Legal Metrology Act. Successfully navigated complex regulatory investigations and proceedings, effectively mitigating potential penalties and reputational risks.

Advised a high-growth technology startup on structuring its cross-border operations, efficiently navigating complex tax implications, customs duties, and international trade regulations. Provided strategic counsel on optimizing tax structures, compliance with customs valuation rules, and leveraging trade agreements to significantly reduce operational costs.