Manager – Indirect Taxation (Group Tax) at Kotak Mahindra Bank Limited (2024-09 – Present)
My job profile entails but is not limited to:
- Independently handling the Indirect tax litigations – drafting responses to show cause notices, filing appeals, attending hearings, handling GST Audits, CERA Audits of Bank as well as subsidiary companies of Kotak group like Kotak Prime, Kotak Securities, Kotak General Insurance, etc.
- Vetting vendor agreements from taxation perspective to ensure that the Bank is complying with tax provisions and is adequately safeguarded from risk of future litigations
- Implementing ISD process and controls for the Bank and subsidiary companies of Kotak group
- Identifying litigations of Banks and subsidiary companies of Kotak group which can be settled in the GST Amnesty (Waiver) Scheme and filing the Amnesty applications to ensure their closure
- Reviewing product notes for new products or amendments in existing product notes of Banks to ensure that taxation provisions are complied with
- Preparing the Contingent Liability report and liaising with statutory auditors for queries in the matter
- Providing advisory services to various internal stakeholders as well to subsidiary companies of Kotak group
- Preparing the income reconciliation for GST Annual returns (GSTR-9 and 9C) for Bank and review of Annual returns for subsidiary companies
Assistant Manager – Indirect Taxation at Eureka Forbes Limited (2023-04 – 2024-09)
My major role entailed
- Handling the Indirect tax litigations – drafting responses to show cause notices, filing appeals, attending hearings, handling GST Audits
- Reviewing the filing of GSTR 1, GSTR 3B and GSTR 9 of 30 states and GSTR 6 for ISD
- Spearheading automation projects with respect to usual compliances and reconciliations for optimizing GST credit
- Preparing the Contingent Liability report
- Implementing the Digital Litigation Management tool and timely updating the same
- Working closely with SAP consultants, Supply chain teams, other stakeholders to complete various internal projects on a timely basis
Executive – Taxation at JSW Paints (2021-09 – 2023-03)
My role involved
- Filing GSTR 1 and GSTR 3B of 22 states
- Reconciliation of GSTR 2A with GST Input Tax Credit GLs and liaising with vendors to resolve the issues
- Preparing the workings and documents for incentive applications
- Scrutiny of RCM GL accounts and getting corrections posted if required
- Distributing ISD credit to other states and filing GSTR 6
- Maintaining HSN codes and GST rates for various Stock Keeping Units
- Applying for new GST registrations and additions to place of business as and when required
- Replying to Notices received from the GST Authority
- Filing of GST Annual Return
- Handling TDS compliance
- Making monthly payment of Professional Tax, Employee Provident Fund and ESIC
- Handling the Tax Audit requirements
Executive – Taxation at JSW Paints (2021-09 – 2023-03)
Also additionally handled the below activities for a brief period:
- Preparing and presenting the Monthly P&L
- Preparing the Stock Statements as per the bank's requirement on a monthly basis
- Preparing reports like FFR 1 and 2 for treasury team
Executive in Taxation team at Asian Paints (2019-09 – 2021-09)
My major role entailed
- Filing GSTR 1 and GSTR 3B of multiple states
- Reconciliation of GSTR 2A with ITC booked and following up with respective functions for closure of open cases
- Supporting and assisting in the VAT and CST assessments and litigations – Compiling necessary documents, collating data, following up with commercial units for statutory documents and preparing letters to be submitted to Tax authorities
- Preparing the Contingent Liability schedule on a quarterly basis for the open VAT & CST litigations
- Computing and posting Tax loss on inventory difference on a monthly basis
- Computing and posting GST on services provided by Head office to its branches on a monthly basis for Cross Charge
- Preparing and filing ITC-04 every quarter
- Annual filing of GSTR 9 and 9C
- Maintaining weekly Tracker for the Notices, Orders and Hearings
- Acting as SPOC for direct tax team for ensuring timely preparation and submission of indirect tax data relevant for completion of Tax Audit
Senior Accounts Executive at Ocean Transworld Logistics Pvt Ltd (2018-02 – 2019-09)
My role involved
- Filing monthly GST returns (GSTR 1 and 3B) of all the branches and sister company
- Preparing, analyzing and presenting the monthly MIS report to the Directors. Computing client-wise profitability, analyzing performances of sales personnel and ratio analysis
- Computing the TDS liability every month
- Debtors management - Preparing the outstanding and overdue report for Accounts Receivable and following up for payment
- Reconciliation of GSTR 2A with Input Tax Credit claimed in the GSTR 3B
- Computation of Advance Tax liability every quarter
- Debtors reconciliation and Creditors reconciliation
- Preparation of Working Capital report
- Finalization of accounts - Preparing Balance Sheet and Profit & Loss statement
Industrial Trainee at Nomura (2015-08 – 2016-08)
Product Control – Fixed Income Derivatives division. My job involved:
- Producing daily Profit and Loss (P&L) statement and getting it approved from the Trading desk
- Explaining variances between P&L estimate of the trader and P&L as per the back office system
- Checking if the P&L has been attributed to the correct Risk Basket
- Weekly commentary on the market
- Coordinating with the Trading desk and the Operations team
Articled Assistant at Divakar Hari & Associates-Chartered Accountants (2013-08 – 2015-08)
with experience in the following areas:
- Concurrent audit of Bank and preparation of Audit Report
- Concurrent audit of a Multinational shipping Company
- Assisted in Income Tax Audit and preparation of Audit Report
- Handled the TDS related work of over 30 clients
- Filing Income Tax, VAT and Service Tax returns
