Asst. Manager - Taxation and Accounts - Kalmar India Pvt Ltd - Navi Mumbai
(2023-02)
- Planned and executed full-scope statutory and internal audits; ensured 100% compliance and timely delivery.
- Prepare and file monthly & Yearly GST returns (GSTR1, GSTR 3B, GSTR 9 and GSTR 9C) and TDS returns (Form24Q, 26Q and 27Q) with 100% on time compliance via the GST and Traces portal.
- Manage end to end tax compliances, including reconciliation of input tax credit (ITC), vendor TDS deductions and timely payment of tax liability, ensuring adherence to statutory deadlines.
- Using Government portal to generate, validate, and upload tax returns, reducing filling errors and avoiding penalties.
- Maintaining accurate records of GST and TDS filing, facilitating smooth audits and assessments.
- Prepare and filled income tax returns with 100% compliance with Indian tax regulations and achieving timely submission.
- Complied and submitted CBCR report in accordance with OECD guidelines, facilitating transparency and regulatory compliance.
- Collaborated with cross-functional teams to gather necessary financial data, ensuring accuracy and completeness in tax reporting.
- Monitored changes in tax legislation to update reporting practices and maintain compliance with evolving requirement.
- Executed timely preparation and submission of income tax assessments and appeal filings, maintaining 100% compliance with statutory deadlines and reducing penalties.
- Coordinating and managing all tax related deliverables for assessments and appeal, ensuring on time filings and adherence to local and federal regulations.
- Led end to end execution of tax assessments and appeals, liaising with legal teams and tax authorities to secure favourable outcomes while meeting strict deadlines.
- Monitored filing deadlines and executed appeal submissions promptly, ensuring full compliance and minimizing audit inquiries.
- Attending court hearing and status conferences for pending tax and compliance matters, co-ordinating with legal counsel to ensure timely updates and follow through.
- Prepared and presented case related documents in court, tracking hearing dates and filing outcomes to maintain 100% compliance with legal timelines.
- Helping purchase department for several registrations like Treds, LMPC, SIMS, and EPR ISD and so on.
- Processed and filed GST refund claims (e.g. exports, SEZ supplies, excess ITC) via Form RFD-01 on the GST portal, ensuring accurate documentation and timely submission within statutory timelines.
- Compiled and uploaded refund pre-application forms and supporting annexures including shipping bills, LUT/Bond certificates, tax invoices, and bank/payment proofs.
- Monitored refund status on GST portal and coordinated with tax authorities to resolve discrepancies, reducing average processing time by 30%.
- Managed refund claims for export-related IGST and inverted duty credit under Section 54, reclaiming input tax credit within 60 days of filing.
- Reconciled GSTR-1/3B data (Table 6A, 3.1b) for export transactions to support refund claims, resulting in zero errors during departmental audits.
- Ensuring compliance with IND AS, IFRS and US GAAP wherever it is applicable.
Audit Consultant - PwC SDC Kolkata Pvt Ltd - Kolkata
(2021-12 - 2023-02)
- Execute audit procedures across banking processes: Testing financial statement items (e.g., interest income, loan portfolios, deposits), evaluating controls, and reviewing compliance with accounting and audit standards.
- Prepare and review working papers: Draft test-of-detail and test-of-control documentation, including bank confirmations and transaction samples, using PwC audit methodologies and SDC User Guides.
- Support process narrative and RCM creation: Participate in walkthroughs, develop process flows, risk & control matrices, and document controls effectiveness.
- Coordinate with engagement teams: Communicate and align with onshore audit teams, escalate issues, and ensure timely delivery of audit requests and deliverables.
- Execute confirmations for cash, loans, and other balances; compile sample selections; reconcile balances.
- Populate templates, update flowcharts, and maintain audit documentation in accordance with SDC guidelines.
- Conduct detailed testing for fixed assets, interest income/expense, fees, dividends, and other bank-specific items.
- Review deliverables against quality benchmarks, monitor timelines, and escalate risks or delays.
- Using Audit standards tools & technique, IND AS, IFRS, and US GAAP for the verification of annual reports and related documents.
- EGA Roll forward, Substantive testing, FS Tie out, income tax Note-EGA.
Audit Officer - A.T. Upadhye & Co., CA - Kolkata
(2015-07 - 2021-11)
- Managed statutory, internal, and tax audits for mid to large clients.
- From registration to annual compliances for private limited companies.
- Guided 3 audit interns to enhance audit quality and efficiency.
- Trust related accounting, audits and tax compliances related thereof.
Articleship Trainee - Sanjay Kumar Singhania & Associates, CA - Kolkata
(2011-10 - 2014-10)
- Developed audit plans, system files, and flagged key risk areas.
- Working for challenging clients, meeting deadlines and working in team under pressure. Handled independent audit assignments which involved making of system file and audit plans, discussing audit issues with management and preparation of final report including vouching, ledger scrutiny, handling and reconciliation of debtors and other miscellaneous matters.
- Dealt with income Tax laws.
- Handled audit assignments such as Statutory Audit, Internal Audit, Tax Audit, and other miscellaneous matters.
- All works related to ROC and all E-form filling related to ROC.
- Bill passing and its Accounting.
- Overseeing Bank Reconciliation Statement, Depreciation Accounting, Adjustment of Advances.
- Calculation & deposit of TDS & other statutory dues.
- Managing the complete audit planning & management activities, ensuring completion of audit within time period. Preparing and maintaining Trial balance, Quarterly/Half-Yearly/Annual P & L Account, Balance Sheet and Notes on Accounts.
- Handling Notices of Income tax and VAT.
