Akash Mahajan
Chartered Accountant, LLB
Jammu
Summary
16 Years of professional experience in tax consultation, assessments, planning, finance, accounting, regulatory compliance, and Information Technology projects across diverse business verticals. Practical understanding of day-to-day business practices and the impact of public policies. Worked with multiple government and private clients on IT transformation, Tax compliances, Auditing services, business analysis, process mapping/reengineering, identification of improvement areas, business development, capacity building and stakeholder management.
Overview
14
14
years of professional experience
8
8
years of post-secondary education
2
2
Languages
Work History
Manager
KPMG
Jammu
09.2023 - Current
- Served as Domain SME and Project Lead for a consultancy engagement focused on GST Revenue Augmentation in Jammu & Kashmir.
- Provided strategic and policy-making support by aligning taxation laws with ground realities and addressing industry concerns through actionable recommendations.
- Represented the department in high-level meetings with the Revenue Secretary and Chief Secretary, presenting analytical insights and strategic proposals.
- Supported cross-functional teams for various projects in multiple states to implement best practices and share learnings.
- Led risk-based planning and monitoring across key GST functions including registration, returns, collections, refunds, and Eway bills.
- Conducted taxpayer profiling and revenue analysis based on geography, sector, and business type to support data-driven decision-making.
- Supported the development of performance monitoring frameworks and KPI-based dashboards for field units.
- Contributed to the conceptualization of an in-house GST data repository and mechanisms for integrated information gathering.
- Guided the creation of intelligence inputs for enforcement actions through analysis of mismatches, high-risk commodities, and taxpayer behavior.
- Provided domain insights for GST audit planning and execution to enhance revenue realization.
- Facilitated capacity-building initiatives for head-office and field staff to strengthen operational and analytical capabilities.
- Acted as a project lead in a digital transformation initiative, guiding technology teams on:
- - Extracting data via APIs and implementing ETL processes
- - Designing Power BI dashboards for revenue and sectoral analysis
- - Developing a backend analytics engine to flag potential tax evasion cases
- - Creating front-end interfaces for data visualization and reporting
- Conducted training sessions for senior officers on finance, accounting, and taxation (both Direct and Indirect).
- Accomplished multiple tasks within established timeframes.
Partner
Ajay K Khanna & Co
Jammu
04.2015 - 08.2023
- Led multiple projects as Project Lead, focusing on ERP system implementation and process automation across distributed branch networks.
- Conducted comprehensive assessments of existing IT infrastructure to identify gaps and define strategic roadmaps for digital transformation.
- Provided domain expertise in finance, taxation, and accounting to support implementation of best practices and improve operational efficiency.
- Supported online filing and reconciliation of financial data and returns, ensuring accuracy and compliance with statutory requirements.
- Delivered capacity building sessions for client staff on GST, Income Tax, and financial analytics to improve data-driven decision-making.
- Assisted in digitization initiatives aimed at promoting ease of doing business and improving coordination between head and branch offices.
- Provided consultation on GST and Income Tax compliance, including monthly and quarterly reporting to central offices.
- Facilitated automation of policy implementation and procedural instructions issued by central authorities.
- Reviewed financial statements and transactions for accuracy, regulatory compliance, and internal control effectiveness.
- Evaluated adherence to regulatory requirements such as KYC and AML, and assessed internal controls related to cash handling and loan processing.
- Supported process automation through as-is studies of core banking and ERP systems, ensuring alignment with central policies.
- Assisted in legal research and contract interpretation to support compliance and vendor negotiations.
- Conducted statutory audits of public sector banks in compliance with RBI guidelines, Banking Regulation Act, and applicable accounting standards.
- Verified accuracy and completeness of financial statements including balance sheet, profit & loss account, and cash flow statements.
- Performed audit procedures for key banking areas such as advances, deposits, NPA classification, provisioning, and income recognition.
- Assessed internal controls over financial reporting and compliance with regulatory norms including KYC, AML, and CRR/SLR requirements.
- Reviewed branch operations, loan documentation, and credit appraisal processes to identify control gaps and ensure regulatory adherence.
- Evaluated provisioning for doubtful and non-performing assets in line with RBI norms and bank policies.
- Prepared audit reports highlighting key observations, risk areas, and recommendations for process improvements.
Senior
BSR & Co LLP
Gurugram
04.2014 - 06.2015
- Conducted statutory audits of listed and unlisted companies in accordance with Indian GAAP, Ind AS, and applicable regulatory frameworks.
- Performed risk assessments, walk-throughs, and control testing to evaluate the design and operating effectiveness of internal controls.
- Prepared and reviewed financial statements, audit documentation, and working papers in compliance with firm and regulatory standards.
- Coordinated with client finance teams to gather audit evidence, resolve queries, and ensure timely completion of audit deliverables.
- Assisted in planning audit engagements, including materiality assessment, scoping, and resource allocation.
- Executed substantive testing procedures for revenue, expenses, fixed assets, and other key financial statement areas.
- Ensured compliance with Companies Act, 2013, SEBI regulations, and other applicable statutory requirements.
- Collaborated with cross-functional teams including tax, advisory, and IT audit for integrated audit engagements.
- Participated in internal training programs and knowledge-sharing sessions to stay updated on evolving audit methodologies and standards.
- Supported junior team members through guidance and review of their work, fostering a collaborative audit environment.
Article Assistant
GSA & Associates
New Delhi
10.2011 - 03.2014
- Assisted in audit planning and execution under supervision, gaining exposure to statutory and tax audit procedures.
- Supported in preparation of financial statements in accordance with applicable accounting principles and standards.
- Learned the basics of tax planning and compliance, including filing of income tax returns and TDS computations.
- Helped in maintaining books of accounts and performing reconciliations for clients across various industries.
- Participated in company incorporation processes and filing of statutory forms with MCA (Ministry of Corporate Affairs).
- Observed and contributed to GST return preparation and filing, understanding indirect tax compliance.
- Developed working knowledge of accounting software such as Tally and MS Excel for day-to-day tasks.
- Attended internal training sessions and client meetings to build understanding of professional ethics and client handling.
- Worked closely with seniors to understand documentation standards and audit working paper preparation.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
New Delhi 01.2009 - 01.2013
LLB -
Jammu University
Jammu 01.2019 - 01.2023
Diploma Holder - Information System Audit
ICAI-DISA
New Delhi12.2015
Forensic Accounting and Fraud Detection - Financial Forensics And Fraud Investigation
ICAI
New Delhi07.2018
GST Certificate holder - Taxation
ICAI
New Delhi05.2022
Skills
Team leadership
Staff training and development
MS office
Effective communication
Analytical thinking
AI and Open Source Technologies
Areas Of Experience
Evaluation of IT infrastructure, Providing consultancy for preparation and filing of GST returns, Drafted and submitted representation to Commissioner Sales Tax, Conducted statutory audits and internal audits of various public sector banks, Handled internal audit assignment of Housing and Urban Development Corporation, Onboarding of out-of-state investor, Provided legal opinions on interpretation of complex provisions of the law
Professional Associations
Institute of Chartered Accountants of India
Client Experience
- Consultancy services for GST Revenue Augmentation in Jammu and Kashmir, Jammu, Jammu and Kashmir, Domain SME/Lead, Support for strategy and Policy Making, Risk based planning and monitoring, Creation of intelligence inputs for enforcement action, Assistance for revenue augmentation through GST Audit, Capacity building at Head-office and field offices
- Jammu Wholesale Co-operative Limited, Jammu, Jammu and Kashmir, Project Lead, Study of existing IT system across multiple location, Assistance in implementation of ERP System, Knowledge management framework for the client, Capacity building sessions for client staff
- Housing and Urban Development Corporation, Jammu, Jammu and Kashmir, Project Lead, Assistance in digitization initiatives, Capacity building sessions for client staff, GST and Income tax consultation
- Central Bank of India, Jammu, Jammu and Kashmir, Project Lead, Reviewing financial statements and transactions, Assessing internal controls and procedures, Evaluating adherence to regulatory requirements
- Airport Authority of India, Jammu, Jammu and Kashmir, Project Lead, Evaluation of IT systems for GST compliance, Capacity building for staff on GST regulations
- IBM Daksh, Gurgaon, Haryana, Team Member, Conducting strategic analysis, Performing due diligence, Ensuring compliance with regulatory requirements
Language Skills
- English
- Hindi
Personal Information
- Citizenship: India
- Date of Birth: 03/06/91
Accomplishments
· Consistently rated as a top performer, receiving a prestigious Rating 1 from current employer—an honor reserved for individuals demonstrating exceptional impact and leadership.
· Commended by the Commissioner, J&K State Tax Department for spearheading technology-driven transformation initiatives that led to substantial revenue augmentation and operational excellence.
· Nationally recognized for innovation, selected in the all-India KPMG Hackathon for pioneering technology solutions; awarded #1 Viewer’s Choice among thousands of participants across the firm.
· Successfully led high-impact projects that delivered significant process automation, enhanced data-driven decision-making, and measurable improvements in operational efficiency.
Timeline
Manager
KPMG
09.2023 - Current
LLB -
Jammu University
01.2019 - 01.2023
Partner
Ajay K Khanna & Co
04.2015 - 08.2023
Senior
BSR & Co LLP
04.2014 - 06.2015
Article Assistant
GSA & Associates
10.2011 - 03.2014
Chartered Accountant -
Institute of Chartered Accountants of India
01.2009 - 01.2013
Diploma Holder - Information System Audit
ICAI-DISA
Forensic Accounting and Fraud Detection - Financial Forensics And Fraud Investigation
ICAI
GST Certificate holder - Taxation
ICAI
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