Chief Manager, Taxation & Accounts - ICICI Bank Limited - Mumbai
(2023-10)
Joined ICICI Bank Limited, Mumbai as Chief Manager, Taxation & Accounts w.e.f. 25th Oct, 2023.
- Responsible for Compliance of GST rules & regulations, appropriate filing of returns, (GSTR-1, GSTR-3B, GSTR-9 &9C) for Banking & bullion, Digital & credit cards, Gift City, etc. on Pan India Basis, Reconciliation of ITC in accordance with 2b following reversal rules & Liasing with stake holders.
- Responsible for appropriate drafting of replies for ASMT10, SCN Issued, DRC-01, DRC 01 B, DRC01 C issued & other litigation Matters, handling Summons, Departmental Visits, Departmental audit, Appeal matters etc. with adherence to recent case laws
- Responsible for Team management in case of deliverables & delegations of activities.
- Responsible for Internal management reporting
- Review of revenue rationalization for different segments with respect to tax payments.
Associate Manager, Taxation & Accounts - Vanderlande Industries Private Limited - Pune
(2022-02 - 2023-09)
Worked with Vanderlande Industries Private Limited, Pune as an Associate Manager, Taxation & Accounts wef 21st feb, 2022.
- Looking after GST litigation matters on Pan India basis, handling Summons & replying to Notices received (ASMT-10), SCN Issued (DRC-01), Orders issued under Sec 73, Dept. Audits etc.
- Arranging for filing of GST returns & correct availment of ITC after making reconciliations (20 registrations) looks after the issues related to waybills & e- invoicing, import of service, export of service, refund related to import &export activities, Refund for Overseas Vat, RCM Matters etc.
- Preparing monthly MIS showing the tax reconciliation between GST return vs books
- Handling month end & yearly closure activities. Preparation of schedules & coordinating with auditors for yearly audit with prompt & smooth closure Roc Compliances etc.
- Responsible for Softex Filing & EDPMS Knocking off, filing of Flair, BGs issued to customer, other banking issues.
- Assisting in Budget preparation & forecasting Activities.
- Responsible for Accounts Payable(P2P), Account receivables (L2C), Record to report (R2R) activities, Ledger Scrutiny activities, investment of surplus funds in overnight funds, liquid funds, FDs, Mutual funds etc.
- Worked on direct tax compliance & handling TDS compliance, Income Tax Return, tax provisions
- Dealing with Income tax litigation matters, notices issued under different sections (sec 147,156), Advance tax working, Tax audit, appeal Matters etc
- Transfer Pricing Matters such as form 3CEB, Segment wise reporting, certificates for foreign remittances, etc
- Representation and litigation support including income tax assessment and appeal.
- Manage day-to-day company accounts, organisational Payroll system including processing payroll, preparing tax documents & resolving any payroll related issues.
Assistant manager, Indirect taxation & Accounts - Mcnroe Consumer Products Private - Kolkata
(2018-04 - 2021-10)
Worked with Mcnroe Consumer Products Private, Kolkata as an Assistant manager, Indirect taxation & Accounts.
- Gathering, understanding, and executing GST rules and regulation under GST regime and applying the same.
- Computing & arranging for timely deposit of taxes (GST)through GSTR 3B Returns, filing of GST returns (including GSTR-9 & 9C) for 30 units in different state, reviewing & analyzing of GST returns & correct availment of ITC as per GST norms, reconciliation of GST Returns (GSTR-1, 3B, Annual Return, ITC-04, ITC-06, 2A & Waybill issued) and resolving GST audit queries.
- Managing demands & queries of Assessing Officers & parties, responding to notices received from Sales Tax & GST authorities and visiting Sales Tax Dept.
- Managing import of raw materials, collaborating with parties & Job workers for documents & payments, arranging custom clearance at different ports with Clearing & Forwarding Agents & Transporters, Logistics & dispatch of materials to proper locations & arranging for payment to exporters & other respective Vendors through banks, proper Import accounting & documentation.
- Creating internal & statutory audit schedules on quarterly & yearly basis.
- Managing foreign remittances made for import of services & others as well as their Tax implications, filing of form 15CA /CB.
- Ensuring proper & timely filing of Income tax returns & maintaining financial files & records in adherence to GST & income tax rules.
- Providing data for monthly MIS Report to HO, clearing all clearing accounts like Customer A/c, Vendor A/c, GST Payable accounts & Receivable (IGST-CGST-SGST)
- Responsible for the day-to-day operations of Accounts Payables for tax and statutory compliances reconciling Vendor & Customer A/c, recordkeeping of the entire voucher, ensure building up effective control strategies in high-risk areas & drive continuous improvements.
- Undertaking monthly physical verification of stock and monthly GST compliance completing and reconciliation
- Undertook effective measures to ensure consistent performance monitoring as well as process improvements to increase process consistency, quality, efficiency, and effectiveness of GST transitions / migrations
- Assisted in the successful abatement & availment of budgetary support amount announced by Govt. of INR 200 Lakhs penalty from the state in 2018
- Minimized the company's tax exposure through proper planning & analysis using effective tax planning tools while ensuring compliance with all applicable laws and regulations
- Automated the process during GST implementation to setup a report (unbilled and deferred revenue adjustment from revenue to Billing)
- Created awareness on tax compliance risks and their critical components through measures such as updating themselves about provisions & its implications on daily basis for ex. Determining the implication of GST on Branded products, Applicability of GST on BOGO (Buy One get One Offer), Free Samples, Sales Promotion Schemes, Pre- & Post Discount, Kerala flood Cess, provisions Relating to LTCG, so on.
Accounts Executive - EMAMI FRANKROSS LTD. - Kolkata
(2011-10 - 2018-03)
Worked with EMAMI FRANKROSS LTD., Kolkata as an Accounts Executive.
- Prepared statutory books of accounts, bank reconciliation & consolidated reports in compliance with time & accuracy norms
- Created & administered financial statements including recording of day-to- day transactions, trial balance, profit & loss accounts, age-wise accounts payables & receivables statements
- Directed payroll processing function involving computation of salaries, attendance, leave, fixed & variable entitlements and managed payment & filing for PF, TDS, Profession Tax & other statutory returns.
- Assisted in preparing and filing corporate income tax return
- Computed & arranged for timely deposit of taxes (Service Tax, Profession Tax, Income Tax and Works Contract Tax), and filed returns for timely completion of assessment and ensured statutory compliance
- Managed CMA preparation & formalities for processing of Loan, Conducted product costing & stock valuation.
