Aneesh Ananda Dasan

Responsibilities & Deliverables

• Since Oct 21, have been working in the logistics entity of FK Group wherein the profile is to handle the IDT litigation matters at High Courts, CESTAT, GST Appeals which involves strategizing, providing inputs/details to counsels/tax advisors, reviewing writs, petitions, following up with them on the status of hearings etc
• The profile also covers handling GST investigations (State and Central), GST Audits, Replies to GST Notices
• Advising business teams on transactions and new business models/initiatives.
• To oversee the TCS Compliances for 17 States for E Commerce Entity www.myntra.com

• Have worked on TDS return filings, Assessment closure for two group companies for the duration from Sept 19 till Oct 21 and also filed the Income Tax Returns, Tax Audit report in Form 3CD.
• Involved in closing past DT litigations by filing the necessary applications under Vivad Se Vishwas Scheme after analysing the benefits available.
• Also was handling the Sec 194O TDS Compliances for Myntra vertical which was newly introduced w.e.f Oct 20.Took lead in developing the customized report for Sec 194O reporting compliances under IT Act 1961 which was introduced from 01/10/20 by engaging with Tech and other internal teams and successfully completed the testing phase
• Currently overseeing the GST Compliance of two group companies having presence in 16/22 States where the responsibility is to review the filings of GSTR1, GSTR3B,GSTR 6 GSTR9/9C, handling GST Audits, filing replies to GST Notices, Closure of VAT Assessments/Appeals for Pre-GST period.
• Support to business divisions by analyzing the impact of GST on new business models, agreements executed, transaction restructuring etc
• Holding discussions with Director-Tax on high stake/impact matters which requires immediate attention and working on measures mitigating risk/loss to business
• Oversees vehicle seizure matters which involves providing clarification to authorities in response to notices issued, coordinating with Operations teams to arrange for physical verification of goods wherever required, pay taxes under protest, and take up the matters in appeal within the timelines.The key objective is to ensure the vehicles/goods are released without any significant delay which may cause business disruption
• Have worked on preparing Tax SOPs in the areas of Litigation/Assessments, Audits and Compliance
• Also coordinates with my peers in the team and collates all data/details for preparation of the Monthly tax review slides in power point for review by Senior Tax Leadership team/CFO Review.
• Oversees the activity of correct classification of goods as per HSN in Oracle
• Monitoring of all Tax related GL’s and providing the GL Schedules to Auditors for periodic audits (Internal/External)

Deliverables-

• Overall Indirect Tax Compliance responsibility of Flipkart Group Entities for West Zone
• Monthly Review of all VAT/Entry tax/GST/TCS calculations for vetting the tax payments for approval/final pay off as well as filing of VAT/ET/GST Returns
• VAT Audits/Annual Returns finalization
• Handling all check post issues ,Vehicle detention and coordinating with the tax authorities/consultants and internal teams regarding various details/documents for release of the vehicle
• Responsible for various report customizations through interactions with Tech & Accounting teams as per the requirements of State VAT /Entry tax /GST Law for effective IDT Compliance
• Responsible for SOP’s to be shared with internal teams on report customization /waybill-road permit automation as per the requirement of the logistics team
• To support the Cross functional teams on day-to-day business exigencies by providing timely IDT Advisory and Compliance Support
• Complete responsibility for handling the Tax Assessments, Appeals, Investigation & Audit matters.
• To attend to Assessment/Appeal/Audit & Investigation hearings and ensure all data/document requirements are furnished to Authorities for smooth completion
• To meet the State VAT/GST Authorities at various forums on behalf of the Company to share information as well as to discuss the tax implications of any Govt Proposal affecting the E Commerce Industry Viz ET levy.
• Overall responsibility of handing the LBT Compliance and LBT Assessments for entities in Maharashtra
• To monitor the C/F Form application process and to ensure all the Forms requests by vendors are addressed to by the team without much delay/follow up
• Ensured issuance of all pending C/F forms within 2 months from implementation of GST for West Zone for Flipkart India Private Ltd
• Responsible for GST Waybill Compliance for West Zone-Arranging trainings to Warehouse teams, Preparing SOPs for internal circulation
• Supported central team on GST implementation, undertook GST impact analysis, managed Compliances under GST and ensured filing of all returns for transitioning the VAT/ST credit
• Have handled the TCS return filings for 32 States for E Commerce entity www.flipkart.com.
• Regularly checking and finding of circulars/ notifications/ case laws with respect to GST on frequent basis and analyzing its applicability/ impact on Group entities
• Periodically sharing important notifications/ circulars/ case law updates within team for knowledge sharing

Notable accomplishments:

• Received the ‘Kool & the Gang-Best Team Award’ for 2019 for TCS Implementation
• Project within the Organization
• Received the ‘Kool & the Gang-Best Team Award’ for 2019 for GST Anti Evasion
• Investigation Management of a Group Company
• In CY 22, our team managed to drop significant demand of approx INR 75 Crs as part of GST investigations conducted, SCN’s issued, Other Notices etc.

Responsibilities & Deliverables

• Overall VAT Compliance responsibility of MNC Pharmaceutical Major having PAN India Presence. Handling all advisory related to distribution model, supply chain arrangement and other related aspects.Handled team size of over 10.
• Complete responsibility of Merger Compliance and registration related formalities
• Responsible for tax reconciliations with books
• Review and Finalization responsibility of VAT Audits of all States
• Addressing the data issues and work with Client tax & IT team to resolve the same
• Monthly MIS reporting to Client
• Also have worked on News Alerts, News Flash and Articles on the recent Tax and
• Regulatory developments to be circulated within the team and to clients
• Worked closely with Tax Head of pharmaceutical major to address all VAT related concerns.

Responsibilities & Deliverables

• Have extensively handled All India VAT engagements for multinationals and Indian companies from different sectors of industry under end-to-end comprehensive VAT outsourcing model and have been involved in all aspects of consulting/advisory, structuring, representation, and compliance
• Have been involved in planning for new compliance requirements and changes to existing tax systems and coordinating centralized compliances/MIS reporting for various clients
• Review of all tax positions taken by the clients across States / Union territories and bring consistency in all such tax positions
• Defining and adopting an effective VAT management framework to identify and manage transactions Responsible for providing periodic VAT compliance report (MIS) stating status of compliance & observations, gaps with recommendations, if any
• Assistance in Check-Post issues, transit forms and in compliance with Entry Tax laws
• Setting up a well-defined process for compliance with WCT TDS provisions of respective State
• Drafting opinion, note of advice in response to the queries raised by clients which includes routine advisory services on day-to-day business queries as well as other non- routine opinions
• Assisting in tax litigation matters pending before the Sales Tax Appellate Tribunal,Commissioner (Appeals) and Assessing Officers, such as
• Attending hearings before the sales tax authorities Studying various orders passed by the tax authorities Identifying issues to be taken-up in appeal before the higher authorities Drafting grounds of appeal and written submissions on issues so identified in the
• Orders Drafting response letter to penalty notices and query letters issued by the tax authorities Have been actively involved in various Indirect Tax Reviews, Due Diligence assignments undertaken to review the existing tax positions adopted by clients with respect to various transactions, revenues, and comment on the appropriateness of taxes levied and assess any tax risk areas and its mitigation strategies and also assess areas of possible tax optimization with respect to current tax structure
• Have handled All India VAT Audit assignments of clients under the provisions of respective State VAT Acts/Rules and prepared exceptional reports with analyses, appraisals, recommendation, and information concerning the activities reviewed
• Have worked on News Alerts, News Flash and Articles on the recent Tax and Regulatory developments

• Planning, coordinating, and conducting VAT and Compliance audits under State VAT laws across India and ensuring strict compliance with the standard auditing procedures/practices and statutory requirements of Vat laws.
• Procedures included formulating the methodologies of VAT audits, identification of risk areas by applying statistical techniques, check compliance of provisions of Vat Acts & make recommendations on measures to improve the controls in the system.
• Taking lead in managing an engagement efficiently and productively, by planning time and cost budgets, reporting time conflicts to Partners/Managers, delegating well defined and time bound assignments to subordinates, team members and contributing to improving internal systems and processes.
• Made contribution in reviewing various internal processes of companies, transactions analysis, sales tax records and also in gathering, collating, analyzing information on various technical issues during the course of audits and execution of other compliance tasks.
• Coordinating with clients to configure the accounting and information system to capture relevant tax information to facilitate Vat compliance and Audits.
• Creation and maintenance of critical documentation as required under the various tax laws .Analysis of tax implications of the transactions depending upon the laws of respective tax jurisdictions of supplier and receiver of goods / services with reference to CST,VAT, Works Contract Tax, Service Tax laws.
• Assisting the compliance team in research and updating the information on tax laws in various states and checking the compliance of provisions of Vat laws. Also contribute information to knowledge sharing tools, share knowledge and experience via formal and informal methods
• Liaising with the authorities of department on various technical/procedural issues ranging from filing of online VAT/CST/WCT returns, online application for registration/cancellation of registration, application for amendment of registration, online application for claiming refund from department, assisting clients in business audit proceedings/assessment matters, replying to various notices served on clients by the department etc.

Major Clients:
Tata Motors Ltd, Mercedes Benz India Ltd, Tata Motors Distribution Co. Ltd,Tata Steel Ltd Asian Paints Ltd,Citicorp Finance Ltd, Rent works Pvt Ltd,Udhe India Ltd, Tata Projects Ltd,Great Eastern Shipping Co Ltd, Great Offshore Ltd,Bank of America, IDBI Ltd, ICICI Ltd, Bank of Nova Scotia (Bullion Segment)

• Conducted Statutory Audits and Limited Reviews of public limited listed companies and audit of private companies involving planning, organizing and executing the audit from inception to finalization of the audit report under CARO 2003, and including (but not limited to ensuring compliance with Accounting and auditing Standards and various applicable laws
• Study and testing of internal controls, preparation of analytical review, preparation of group reporting Deliverables,Audit Documentation etc.
• Conducted Tax Audits of public and private companies as required under the Income Tax Act, 1961.