Manager Management

SANTOSH VERMA, CA, CPA

Ramesh Paradise, ***, Sector 27, Plot No.111, Seawoods, Nerul (East), Navi Mumbai 400 706

(M) +91-98-92-88-123* acqq80@r.postjobfree.com

CAREER OBJECTIVE

Long-term plans are to advance into a major management responsibility within the organisation where demonstrated skills in Finance, Accounts, Taxation and Administration be translated into improvement, growth and profitability.

MANAGER – TAX COMPLIANCE

Finance Manager Senior Manager Audit and Taxation Controller

Corporate Finance Executive, CA and CPA offering over 12 years of experience in managing Finance, Accounts, Taxation (Direct and Indirect), Indian GAAP, IFRS-US GAAP, SAP, Tally ERP, Transfer Pricing, Planning and Strategy, SOP, System design and implementation, internal control and productivity. Having strong hold on Financial Compliance, Treasury and Cost Control, good in self-correspondence oral and written communications, good analytical ability and interpersonal skills.

PROFESSIONAL EXPERIENCE

KODAK INDIA PRIVATE LIMITED, Mumbai, India August 2013 - present

(The film, Photography and Camera Company)

Working as Manager – Tax Compliance taking care of Direct and Indirect Taxes of the Company having more than 24 VAT Locations across India and Head Office at Kalina/Mumbai. Reporting to CFO-Director of the Company

Direct Taxation

Compliance

Advance Tax Compliance: Preparing computation of advance tax based on Profit and Loss/Balance Sheet details, liaising with group tax for timely payment into government treasury

Dividend Distribution Tax (DDT): Preparing computation of DDT based on board resolution approving the dividend payment for timely payment

Tax Audit Report preparing and filing: Compiling tax audit report in Form 3CD as required and coordinating with external Tax auditors for timely audit and filing

TDS Returns quarterly filing and issuance of TDS Certificates, Form 16/16A, revisions etc

Return of Income (ROI): Preparing computation of tax, filling Income Tax Returns, uploading the eforms;

Indirect Tax Compliance

VAT/CST/GST, Excise and Customs tax calculation, timely payment, return filing, Statutory Forms C, F, E1 collections and getting timely assessments completed.

International Taxation

Transfer Pricing: Compiling transfer pricing report in Form 3CEB, coordination for input and liasioning with external TP auditors for timely compliance and getting assessments done.

Assessments

Assessments/ appeals / litigations/enquiries by Dept. (Income-tax, TDS and TP): Collating information required for preparing submissions for all tax related queries including Transfer Pricing and TDS default rectifications. Representation before all Income Tax and VAT authorities including independent handling of hearing and appeal up to CIT (A) level, DRP and Appellate Tribunal (ITAT) related work, search and seizure matters and assessments u/s.153A of the Income Tax Act.

Tracking and following latest case laws / judicial pronouncement that has impact on the tax position

Service Tax

Registering new/additional services with the service tax authorities, computing monthly service tax liability on input and output services; working under reverse charge mechanism; preparing half-yearly ST-3 returns and filing; replying to service tax queries;

Tax Reporting

Preparation of various reports / documents required for internal tax reporting, tax provisions for local GAAP, Contingent Liability and CARO Reporting etc. Generating various MIS Reports required for review of tax compliance / variances in taxes paid / reported, variance etc

Review and examine transactions with potential PE exposures

Understanding of Double Taxation Treatise

Tax Planning

Tax planning for Company and individuals

STAMFORD TYRES INDIA PRIVATE LIMITED, MUMBAI INDIA February 2009 to July 2013

FINANCE MANAGER

Joined this Indian Subsidiary of M/s. STAMFORD TYRES CORPORATION LTD, a Singapore based MNC and Listed Company having operations across globe.

Reporting to CFO and SVP Singapore and led a team of 15 people across India, I was responsible for the administrative, financial and risk management operations of the company, to develop a financial and operational strategy, monitoring of control systems designed to preserve company assets and report accurate financial results. Led the finance department and established a stronger financial reporting structure, enhanced cost controls, developed multi-state centralized financial accounting and reporting systems. Gained tremendous regulatory experience, setting up branches and warehouses across India. Key contributions:

Planning:

1.Assisted in performing all tasks necessary to achieve the organization’s objectives

2.Assisted in formulating the company's future direction and supporting tactical initiatives

3.Monitor and direct the implementation of strategic business plans

4.Develop financial and tax strategies and act as a financial gatekeeper

5.Managed the capital request and budgeting processes

6.Developed performance measures that support the company's strategic direction

7.Managing costing of warehouses, rentals and CFA overheads;

8.Preparing budget and conducting Analytical Review of Financial Statements, Variance Analysis

9.Determining financial objectives, designing and implementing systems / Standard Operating Procedures (SOP)

10.Payroll processing and employee tax planning;

11.Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries

12.Oversee Accounts Payable and Accounts Receivable

13.Oversee business insurance plans and health care coverage analysis.

14.Oversee the provisions for obsolesce of inventory and fixed assets as per management guidance

15.Cash Flow management: Daily and monthly cash flow projections, Vendor payment, Working capital etc.

Operations:

1.Participated in key decisions as a member of the executive management team

2.Maintenance of in-depth relations with all members of the management team

3.Managed the accounting, human resources, legal, tax, and treasury departments

4.Implement operational best practices

5.Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package

6.Conducting Internal and Statutory Audits; getting Stock Audits done, evaluating internal control systems to highlight shortcomings and implement corrective actions

7.Filing Refund application for claiming SAD/RD refunds from Customs House and representation for query solving;

Financial Information and MIS Reporting:

1.Managed all aspects of Accounts, Finance and Taxation in compliance with Indian GAAP, IFRS

2.Reporting financial results to the board of directors at Singapore

3.Ensuring on-time Monthly Balance Sheet closing;

4.Finalization of Annual Accounts and ensuring compliance with Companies Act; Accounting Standards (AS) and Guidance Notes

5.Managing the Direct and Indirect Taxation across India and suggesting valuable inputs for tax planning;

6.Compliance of ROC requirements, formation of Companies, Annual Returns, Minutes;

7.Weekly, monthly, Half-yearly, yearly MIS reports as per requirement of Management

8.FIN 48 Reporting

9.Maintain relations with external auditors and investigate their findings and recommendations

10.Ensure that record keeping meets the requirements of auditors and government agencies

11.Bureau of Indian Standards (BIS) Compliance and co-ordination with Government Agencies

12.Ensure that the company complies with all legal and regulatory requirements

Risk Management:

1.Understand and mitigate key elements of the company's risk profile

2.Monitor all open legal issues involving the company

3.Construct and monitor reliable control systems

4.Maintain appropriate insurance coverage

5.Report risk issues to the audit committee of the board of directors at Singapore

BHUTA SHAH & CO., CHARTERED ACCOUNTANTS, Mumbai June 2005 to February 2009

One of the Top 10 Tax firms in India

Joined this Firm as Senior Manager Audit and Taxation and retired as PARTNER from the firm. Key contributions:

INCOME TAX COMPLIANCE:

1.Handling of Direct and Indirect Tax matters of various corporate and non-corporate assessee

2.Preparation, submissions and independent handling of Hearing and Appeal upto CIT (A) Level

3.Search and Seizure matters and Assessments u/s.153A of the Income Tax Act

4.Appellate Tribunal (ITAT) Related work except hearing before the members etc.

5.Computation and filing Income-Tax Returns, Service Tax Returns, E-TDS returns

6.Knowledge of IFRS and US GAAP Reporting requirements

AUDITS and COMPANY LAW MATTER:

7.Statutory, Internal, Stock and Tax Audit of Companies- Corporate and Non-Corporate Assessee;

8.Special Audit done U/s.142 (2A) of the Income Tax Act 1961;

9.Concurrent and Internal audit, VAT Audits etc.

10.SEBI Inspection Audit/Mutual Fund audit;

11.Due diligence for takeover of Pvt. Ltd. Company;

ARTICLE-SHIP TRAINING:

M/s. R. B. Pandya & Co. Chartered Accountants from July 2000 to June 2003 as article trainee and worked as tax and audit assistant from July 2003 to May 2005

PROFESSIONAL EDUCATION AND CERTIFICATION:

The Institute of Chartered Accountants of India (ICAI)

CA cleared with 52.50% marks in November 2004 in First Attempt

Society of Certified Public Accountants (CPA), India

CPA cleared in May 2012 in First Attempt

Mumbai University

Masters in Commerce (M.Com), cleared in April 2003, secured 60.25% in First Attempt

St. Xavier’s College, Mumbai

Bachelor of Commerce (B.Com), cleared in April 1999, secured 67.14%

COMPUTER KNOWLEDGE:

MS-Office ’97/2000, Lotus Notes, Tally 9.1 ERP, TAXBASE (Taxation), Experience in working SAP Environment

HOBBIES:

Internet surfing, traveling, meeting people, seeing new places

EXTRA-CURRICULAR ACTIVITIES:

Winner of Many Debate, Elocution and Essay Writing Competitions at School and College Level

Winner of Mahindra Search for Talent Scholarship Twice In the Year 1997 and 1998

Winner of “KODAK Employee of the Year” award for outstanding contribution in meeting the Company Objectives

PERSONAL DETAILS:

Date of Birth : 20th July, 1979

Status : Married/Male

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