Name: Ajit kumar Nayak Mobile: 973******* ~ E-Mail: firstname.lastname@example.org
M.Com, MBA (Finance), ICWA(Inter)
To be a leader of the challenging team which strives for the better growth of the organization and which explores my potential and provides me with the opportunity to enhance my talent with an intention to be an asset to the company
Role / Designation
Schneider-electric India Private Ltd
French listed MNC,
Manager – Taxation
Aug 2007 onwards
Asahi India Glass Ltd
BSE and NSE listed,
Assistant Manager - Taxation
Oct 04_July’ 07
Sumeet Research & Holding Ltd
BSE and NSE listed,
Assistant Manager - Accounts
Sept 00_Sept 04
Power Control & Appliances Pvt Ltd
Senior Executive - Accounts
Apr’ 96_Aug’ 2000
Summary of experience:
Presently associated as Manager (Compliances & taxation) with Schneider electric India Private limited French MNC (having operations in 172 countries) at Bangalore for Asia & Pacific from Aug 2007 onwards
15 years + years of experience in managing Taxation & various compliances at plant levels in automobile Industry (at Chennai & Bangalore )
10 years’ experience of Accounts Payable, Accounts Receivable, Vendor & customer account reconciliation
10 years’ experience in Costing, MIS, Budgeting, Team management, Variance analysis
Experience in areas of corporate finance, finalization & consolidation of accounts, budgeting, taxation, auditing, fund management, indirect taxation & working capital management.
Innovative, professional skepticism, synergy with good communication skills.
Working knowledge with the provisions of Companies Act, GST, Sales Tax Act, Central Excise Act, service tax, TDS, Labour laws, Industrial laws etc.
Possess hands on experience in implementation of ERP i.e. SAP, knowledge of Excel.
Areas of Exposure:
Schneider FISS Management appreciation for “India GST study & Implementations” including setting up of controls, team awareness and SOP.
Best employee ward from Schneider Management for availing credit service tax credit of Rs 5 crore which was in expenses GL. Solving the root cause of the issue.
Best Employee award from Asahi India Management for successfully handling Excise & sales tax audit
Best Employee award from Sumeet Management twice for making vendor to accounts Rs 35 Lakhs of debit note & 1.20 crore collection from customer after finalising reconciliation.
Satisfactory completion of due diligence, excise, service tax at plant with no objections.
Accounts, Costing & Internal control system.
Finalising books of accounts according to prevailing accounting standards & laws.
Designing & implementing control systems & procedures to trace revenue leakages & for preparation / maintenance of statutory books and financial statements, ensuring timely compliance & accuracy.
Ascertaining cost of project, product, proformas so as to assist top management in decision making
Adhering top management directives & company laid down policies.
Taxation (Indirect, others)
GST study, awareness & Implementation for optimum benefits.
Preparing & Guiding team for filing GST return i.e – GSTR-1, 3B, ITC 04,GSTR-06, GSTR 2A reconciliation
Finalising of GST Annual Return – Form 9 & Form 9C
Preparation of Liability under Reverse charge mechanism
Managing GST return activity for 20 states along with 5 Subordinates
Designing and implementing internal audit & control system along with developing SOP
Ensuring accuracy & timely compliances (Indirect).
Vat Input & output Calculation Monthly Payment & returns, Refunds & assessments of sales Tax.
Preparation of Service Tax Input credit Register, Reverse charge mechanism liability (RCM),ISD return, Filing ST3 return half yearly for 20 Registration, One ISD & One Centralised Registration
Preparing tax plans and ensuring timely assessment & filing indirect tax returns; appearing before regulatory authorities for resolving critical tax matters.
Interaction with Internal auditors, statutory auditors, tax auditors, Excise, Sales Tax
Interacted with PWC, E&Y, Deloitte, KPMG, and other auditors during various audits.
Budgeting & MIS
Formulating budgets and analysing variances to determine difference between projected & actual results and implementing corrective actions.
Supervising the preparation of MIS reports and other financial statements to provide feedback to top management on financial performance viz. fund management, credit control, profitability, etc.
Vendor bill booking matching with PO
Making GRIR balance to minimum at the month end
Preparation of Vendor Ageing report & submitting same to the management
Reconciling vendor ledger, making timely payment to Vendor as per due date
Ensuring optimum utilization of available funds by daily monitoring & managing inflows Vs Outflows.
Inventory management to ensure minimum blockage with no line stoppage.
Handling receivables through ageing analysis to ensure targets with prominence to customer satisfaction.
Interacting with suppliers / creditors for timely settlements including disputes (if any)
Preparing outstanding statements, decentralized billing / invoices and payment cheques / vouchers.
Performing the reconciliation of dealers and distributors accounts for yearly financial closing etc.
Import & Export
Clearance of Import shipment with in stipulated period ensuring no demurrages via timely documentation to submit in time, payment of custom duty & negotiation with freight forwarders as well clearing agency etc.
Formalities of export shipment as interaction with CHA & Accounting, custom clearance & excise formalities.
Risk Management including timely Insurance Claims & assurance
Good Team Leader & Team Management
Liaising and negotiating with external agencies on various occasions.
IT Skills: ERP working exposure on SAP, Oracle, Tally,
GLCM – SOX testing tool and Microsoft excel & Word
Date of Birth : 05th – Apr -1973
Address : 201, SLVS Sapphire, 7th cross, Kaggadasapura, C V Raman Nagar,Bangalore - 560093
Linguistic Abilities : Spoken – Engilish, Hindi, Oriya, Tamil Writing – English, Hindi, Oriya