Accounts & Fianance
Resume:
HAYAT SINGH
L –**D, First Floor, Saket, New Delhi – 110 017 (India)
E-Mail: ******.*****@*****.*** & **************@**********.*** Mobile No. 981-***-****
Career Objective:
To pursue a challenging career in the field of Accounts & Finance.
To gain a comprehensive understanding of different operations in the organizations, so as to take an early responsibility and contribute meaningfully to the progress of the organization.
To prepare for general management responsibility through self-development, personal growth and enhancement of managerial abilities.
An Overview
Presently working at Carlton Overseas Pvt. Ltd. as DGM Accounts & Finance.
Having an Experience over 20 years of cross-functional experience in Taxation & Corporate Accounts operations with reputed organisations.
Good exposure of Monthly accounts closing, Quarterly Statutory Audit and Monthly Trail Balance Review.
Well versed and adept in handling compliance & litigation in respect of Indirect Tax (Excise Duty, Service Tax, Value Added Tax / Central Sales Tax of various states).
Streamlining process and systems in the organization for eliminating any bottlenecks by reviewing existing process.
Professional Experience
M/s Carlton Overseas Pvt. Ltd. (Brand: Carlton London), it’s a UK based MNC having turnover in India of INR 185 crores, engaged in the manufacturing of Man’s & Women’s shoes. Apart from retailing it’s engaged in retail, online & distribution business of shoes.
Working from November, 2015 to till date.
As DGM - Accounts & Finance
Key Responsibilities:
Ensuring timely and accurate Deposit of Tax with proper utilization of credits (like Excise Duty, Service Tax, Value Added Tax & Central Sales Tax etc.)
Responsible for timely and accurate compliance and litigation in Excise Duty, Service Tax, Value Added Tax and Central Sales Tax.
Co-ordination with regional commercial and indirect tax team for timely and accurate filling and preparation of periodic / monthly Tax Return, (Excise Return, Service Tax Returns & VAT & CST Returns)
Preparation & submissions of facts / replies of notices and appearance before Assessing Officer, Appellate Authorities in respect of Excise Duty, Service tax, Sales Tax & Value Added Tax, and Central Sales Tax matters.
Timely and accurate compliance of Statutory Audit, Tax Audit in respect of Excise Duty, Service Tax, Value Added Tax and Central Sales Tax.
Ensuring earliest updating and implementation of changes in tax laws in order to get full tax compliance and minimise statutory liabilities and making better control over future tax compliance and related risks.
Co-ordinate with regional commercial and indirect tax team for collection and issuance of “C” forms, “F” etc. forms on monthly and quarterly basis.
Interaction with all consultants for updating and implementation of new changes in law and making the process to implement it.
Handling Independently Tax Audit of all Unit.
Submission of monthly MIS to Management related to indirect taxations.
Development of indirect tax reports in Logic ERP software for smooth functioning of indirect tax team.
Designing and implementing systems & procedures of indirect taxes.
Imparted training to entire commercial & non-commercial team through continuous in house programs.
Inventory
Ensuring the minimum time lag between receiving goods in warehouse and distribution to various stores.
Managing stock to ensure not to exceed the budgeted stock level through purchase control report.
Preparation of Liquidation policy for non-moving stocks
Supervision of the duty assigned to Store In-charges.
Implementing policies for smooth transfer of stocks to various Stores and for Customer delivery
Periodically Supervision of clearing damaged stock
Analysis of Inventory ageing
Major Achievement:
Reconciled the last three year pending form “C” with vendor and issued to all pending form to each and every vendor till 31.03.2016.
Configuration of Excise, VAT & Service Tax Report in Logic ERP Software for input credit and output liability.
Configuration of Stock Transfer Report to one location to another location.
Reconciled the Excise, Service Tax Credit & VAT input of all location approx.Rs.1.50 crores and Utilized the same against output liability.
Inter Branch and Inter-company transaction configured in Logic ERP Software systems and successfully implemented.
M/s Jakson Limited, Noida, having group turnover of INR 1400 crores, engaged in the manufacturing of Diesel & Gas Generators, Electric Panels, Solar Products and also started to take the turnkey project of Electrical EPC & Solar EPC.
Working from February 2013 to October 2015
As DGM - Accounts & Finance
Key Responsibilities:
Ensuring timely and accurate Deposit of Tax with proper utilization of credits (like Excise Duty, Service Tax, Value Added Tax & Central Sales Tax etc.)
Responsible for timely and accurate compliance and litigation in Excise Duty, Service Tax, Value Added Tax and Central Sales Tax.
Co-ordination with regional commercial and indirect tax team for timely and accurate filling and preparation of periodic / monthly Tax Return, (Excise Return, Service Tax Returns & VAT & CST Returns)
Preparation & submissions of facts / replies of notices and appearance before Assessing Officer, Appellate Authorities in respect of Excise Duty, Service tax, Sales Tax & Value Added Tax, and Central Sales Tax matters.
Timely and accurate compliance of Statutory Audit, Tax Audit in respect of Excise Duty, Service Tax, Value Added Tax and Central Sales Tax.
Ensuring earliest updating and implementation of changes in tax laws in order to get full tax compliance and minimise statutory liabilities and making better control over future tax compliance and related risks.
Co-ordinate with regional commercial and indirect tax team for collection and issuance of “C” forms, “F” etc. forms on monthly and quarterly basis.
Interaction with all consultants for updating and implementation of new changes in law and making the process to implement it.
Handling Independently Tax Audit of all Unit.
Submission of monthly MIS to Management related to indirect taxations.
Development of indirect tax reports in SAP for smooth functioning of indirect tax team.
Designing and implementing systems & procedures of indirect taxes.
Imparted training to entire commercial & non-commercial team through continuous in house programs.
Inventory
Ensuring complete and correct BOM generation with correct prices.
Ensuring the minimum time lag between receiving goods in warehouse and distribution to various stores
Managing stock to ensure not to exceed the budgeted stock level through purchase control report
Preparation of Liquidation policy for non moving stocks
Supervision of the duty assigned to Store In-charges.
Implementing policies for smooth transfer of stocks to various Stores and for Customer delivery
Periodically Supervision of clearing damaged stock
Analysis of Inventory ageing
Project Accounting
Ensuring the Project Created in SAP as per contract.
Ensuring that all project related records maintained including contracts & amended contracts.
Review and approve supplier invoices related to projects
Ensuring the payment made to supplier / contractor as per PO / Contracts terms.
Ensuring proper and complete project wise accounting
Ensuring that project wise complete cost and revenue booked in the respective project
Timely follow-up for invoice / bill certification from customer.
Variance analyses of project and reporting to management about variances
Report on project profitability to management
Get the project completion certificate form respective departments
Closer of project accounts on project completion
Major Achievement:
Configuration of three trading plant in line of business requirement in SAP Software.
Reconciled the last five year pending form “C” with vendor and issued to all pending form to each and every vendor till 31.03.2014.
Configuration of Excise, VAT & Service Tax Report in SAP for input credit and output liability.
Configuration of Stock Transfer Report to one location to another location.
Reconciled the Excise, Service Tax Credit & VAT input of all location approx.Rs.10 crore and Utilized the same against output liability.
Introduced the Input Service Distribution service to availed the service tax credit received at head office and local sales offices across India.
Inter Branch and Inter-company transaction configured in SAP systems and successfully implemented.
M/s Fenesta Building Systems (A Unit of DCM Shriram Consolidated Ltd.) having diversified group business of manufacturing / trading / retailing of Agri Inputs. Plastics, Chemicals, Sugar, Cement, uPVC Windows etc. with a group turnover of INR 4300 crore.
Working from October, 2007 to January 2013.
As Joint Manager - Commercial
Key Responsibilities:
Ensuring timely and accurate Deposit of Tax with proper utilization of credits (like Excise Duty, Service Tax, Value Added Tax & Central Sales Tax etc.)
Responsible for timely and accurate compliance and litigation in Excise Duty, Service Tax, Value Added Tax and Central Sales Tax.
Co-ordination with regional commercial for timely and accurate filling and preparation of periodic / monthly Tax Return, (Excise Return, Service Tax Returns & VAT & CST Returns)
Assisting for Preparation & submissions of facts/ replies of notices and appearance before Assessing Officer, Appellate Authorities in respect of Excise Duty, Service tax, Sales Tax & Value Added Tax, and Central Sales Tax matters.
Timely and accurate compliance of Statutory Audit, Tax Audit in respect of Excise Duty, Service Tax, Value Added Tax and Central Sales Tax.
Ensuring earliest updating and implementation of changes in tax laws in order to get full tax compliance and minimise statutory liabilities and making better control over future tax compliance and related risks.
Co-ordinate with regional commercial for collection and issuance of “C” forms, “F” forms on monthly and quarterly basis.
Interaction with all consultants for updating and implementation of new changes in law and making the process to implement it.
Handling Independently Tax Audit of the Unit.
Submission of monthly MIS to Management related to indirect taxations.
Review of timely preparation of GRN, vendor advances analysis, advance and outstanding aging.
Assisting for Monthly accounts closing activity like review of trail balance, expenses provision, inventory valuation, Fixed Asset Accounting and preparation of production stock statement.
Quarterly Statutory Audit, preparation of balance sheet variance, P&L variance, inventory valuation statement, vendors outstanding ageing, CWIP review, aging of loans and advances employees and vendors, status of legal case,and tax related schedules.
Major Achievement:
Introduce the inter plant stock transfer from one state to another state through reducing the tax liability and full-fill the supply of material as per market demand on time.
Reduced value added tax liability in Haryana by 8.5%, from 12.5% to 4% to make the product competitive in the market by implementing the work contract tax composite/compoundbilling.
In the same way value added tax liability reduced by 12.5% in West Bengal, from 14.5% to 2%, by implementing the work contract tax composite/compoundbilling.
Configuration of Assembly Shop in line of business requirement in SAP Software.
Complete accounting configuration of subsidiary company in SAP in line of existing business requirement.
Configuration of Excise, VAT & Service Tax Report in SAP for input credit and output liability.
Configuration of Stock Transfer Report to one location to another location.
Reconciled the Excise, Service Tax Credit & VAT input of all location approx Rs.7.5 crore and Utilized the same against output liability.
Introduced the Input Service Distribution service to availed the service tax credit received at head office and local sales offices across India.
M/s Aryan Life Style Private Limited, it is a Group Company of “Emaar Properties, Dubai” in a Retail Business and opening stores Pan India basis for “Nike, & Tag Heuer Brand” in India.
Working from March, 2006 to October 2007. As Asstt. Manager Accounts
Key Responsibilities:
To make the transaction procedure for new consignment store
Monitoring of consignment stores like billing, inventory and collection etc.
Monitoring of franchise stores like billing, inventory and collection etc.
Participation and assisting to fixed the margin of consignment store and franchise.
Accounts Payable
Ensuring of timely GRN preparation
Ensuring that the invoice along-with GRN should reach on timely basis for invoice verification.
Ensuring that the invoice verification has been done as PO terms and entry posted in system on timely basis for material supplier, contractors and capital items suppliers.
Ensuring that the advance has been adjusted from the vendor invoice as per PO and similarly retention money also has been deducted from the vendor bill in case of contract / projects.
Ensuring that all statutory deduction has been done from the vendor invoice as per legal requirement like income tax TDS, WCT TDS, labour cess and in some cases ESI & PF also.
Ensuring the Vendor accounts reconciliation on timely basis.
Payment to vendor as per due date.
Monthly review of GRIR Clearing account.
Vendor outstanding aging analyses on monthly basis.
Vendor advance aging analyses.
Co-ordination with bank team for fund planning.
Ensuring of timely payment of statutory dues.
Payments of retention money on due dates.
Taxation
Responsible for independently handling all the compliance & litigation in Income Tax, FBT, Value Added Tax and Central Sales Tax.
Timely and accurate preparationof Value Added tax Return and depositing of tax liability on monthly and quarterly basis of various states.
Timely issuance of “C” and “F” forms from the department on monthly and quarterly basis.
Timely and accurate preparation of TDS and FBT return on quarterly basis.
Handling Independently Tax Audit.
Ensuring timely and accurate issuance and dispatch of annual/monthly tax deduction (TDS) certificates to employees/vendors/suppliers.
Accounts Receivable
Accounts Receivable, review and ensuring the advance received from customer as per terms of purchase order, correct dispatch in terms of quantity, items, tax and price, customer acknowledgement, collection of payment as per PO and reconciliation with customer if any discrepancies and customer aging analyses.
M/s Indian Olympic Association is an apex body of sports in India, and is under direct control of International Olympic Committee. This Association is managed by its Executive Council members of which are present and former Ministers, top serving and retired bureaucrats of the country and captains of Indian Industries. For Olympic Sports (disciplines) this association enjoys the same status as BCCI enjoys in the filed of Cricket.
Working from June 2005 to March 2006. As Accounts Executive
Key Responsibilities:
Responsible for independently handling all the compliance & litigation in Income Tax, FBT.
Timely and accurate preparation of TDS and FBT return on quarterly basis.
Ensuring timely and accurate issuance and dispatch of annual/monthly tax deduction (TDS) certificates to employees/vendors/suppliers.
Each and every aspects of accounting {i.e Party- Reconciliation, Payments to vendors, Brands and contractors, Debit & Credit Notes Bank-Reconciliation, Journal Register, Fixed Assets Register }.
Proposals, Receipts of foreign funds as well as their utilization.
M/s Sarvodaya Marbles is a biggest Marble & Granite Trader & Importer in the Northern India, and engaged in Constructions and Interior works also. {Major assignments with : Oberoi Group of Hotels, ITC Ltd., Imperial Hotels Ltd., Taj Group of Hotels, G.D.Goenka International School, And Farm-Houses, etc.}.
Worked as an accountant from September 1998 to June 2005
M/s L.B. Jha & Co. (Chartered Accounts).
Assisting for various audit like Physical Stock verification, Tax Audit, Statutory Audit and internal Audit. From June 1996 to September, 1998.
Education
B.com from KumaonUniversity, Nainital in 1996.
Computer Competency
Modules Covered:
SAP R3ECC6.4, Tally, ERP based software Logic. (Accounting Software)
MS-Word, MS-Excel, Various Tax Software and Internet applications
Personal Details
Father Name : Shri Keshar Singh Bhainsora
Date of Birth : 2nd July, 1974
Marital Status : Married
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