ANKITA V. SAWANT

Indirect Tax:

Sectors handled: Construction of Immovable Property, Works contract and Renting of Immovable Property etc.

GST

Currently working as an Assistant Manager (Indirect Tax) in BDO India LLP and looking after Indirect Taxation department of reputed client known as Indospace Development Management Pvt Ltd and Indospace Capital Advisory Pvt Ltd along with 85 SPVs (i.e. Special Purpose Vehicles) majorly known as “Indospace Group”.

The main business of client is to purchase the land parcel, construct the warehouse and then after constructing of warehouse provide the same on lease basis to customers along with providing the various Facility Management Servies to its customers as per their business needs/requirements. Actively involved in handling the following areas of works:

• Various core and non-core fields amendments to existing GST Registration of SPVs

• To check the draft workings of monthly GST compliances like return in Form GSTR 1 and GSTR 3B and ensuring the accuracy and timeliness in filing the GST returns and estimated tax payments.

• Following up with the consultants with respect to finalization of monthly ITC register based on entries passed in the books of accounts and entries reflecting in Form GSTR 2B.

• To assist the Accounts team on determining the eligibility for claiming the ITC according to nature of services taken from vendors / suppliers.

• To gather the information/ relevant documents for the purpose of filing reply to various notices issued by GST department and following up with the consultants to ensure that reply to GST Assessments/ Audits / notices are compiled on time and submitted to GST Authorities.

• Regularly updating the management on recent amendments, circulars and notification issued by CBIC in GST which are applicable to company.

• Conducting in-depth research on proposed tax legislation and to take the opinions from consultant with regards to complex issues from GST perspective and communicating the same to management for taking further decisions.

Indirect Tax:

Sectors handled: Media, Industrial Chemicals, Productions, Garments, Works contract & Job work etc.

GST

• Understanding the business and correlate indirect taxes implications and benefits.
• Participate multiple client facing engagement teams responsible for GST planning and management service.
• Assist in interpreting and demonstrating Indirect Tax legislation (GST) on tax related issues.
• Updating the clients related to recent amendments in GST on time to time basis and its implications on their business/profession.
• Applying for GST Registration, amendment to GST Registration & cancellation of GST Registration for various clients.
• Applying for letter of undertaking (LUT) under GST
• Ensuring correct payments of GST taxes to tax authorities.
• Computation and Review of monthly returns under GST Laws
• Responsible for GST related compliance including timely filing of return in Form GSTR-1 and GSTR-3B, reconciliation of returns with books of account etc.
• Conduct & lead GST Annual Return/ Audit assignment with the guidance from senior/manager.
• Preparation, finalization & filing of GSTR 9 & GSTR 9C (GST Audit) for various clients.
• Inputs Tax Credit Reconciliation as per books & GSTR 2B to minimize differences to maximize set off of Vendor Tax Credit Reconciliation.
• Vendor Tax Credit Reconciliation-Identify, track and communicate on vendor wise input tax disallowance.
• Preparation of replies to notices and intimation letters under GST.
• Appearing before taxation authorities relating to matters of GST.

Pre GST

• Preparing & filing of Service-tax Returns, M-VAT/CST Returns and PT Returns for various Individuals, HUFs, Firms and Companies
• Preparing & Filing of VAT Audit Report in Form-704
• Filing reply/letter in the various matters of Service Tax, M-VAT/CST, PT and GST
• Appearing before taxation authorities for handling the assessments of VAT/CST/PT/Service Tax
• Drafting & filing the manual as well as online appeals in the areas of VAT/CST
• Preparation of working & filing of online form for making application under Amnesty Scheme, 2022

Direct Tax:

Sectors handled: Media, Industrial Chemicals, Productions, Garments, Works contract & Job work etc.

• Statutory and Tax Audits
• Preparation and Presentation of Financial Statements with Special Emphasis on Accounting Standards (AS), and Guidance Notes issued by ICAI
• Preparing Income-tax Returns, TDS Returns & TCS Returns for various Individuals, HUFs, Firms and Companies
• Applying for Lower Deduction Certificate in Form 13 under Income Tax.
• Preparing & filing of Form 15CA & Form 15CB for Foreign remittance of funds under Income Tax.
• Preparing and filing appeals in the areas of Income Tax as well as appearing before various taxation authorities
• Filing reply/letter in the various matters of Income Tax Scrutiny and TDS matters
• Appearing before taxation authorities for handling the assessments of Income Tax & TDS

• Statutory, Tax, MVAT/CST & Service Tax Audits
• Finalization of Balance sheet, Notes to Accounts and Significant Accounting Policies for corporate and non-corporate assessee's
• Drafting of Audit Report by complying with the requirements of the Companies (Auditor’s Report) Order, 2016
• Preparing Income-tax Returns, TDS Returns, Service-tax Returns, M-VAT/CST Returns and PT Returns for various Individuals, HUFs, Firms and Companies
• Filing reply/letter in the various matters of Income Tax Scrutiny, TDS, Service Tax, M-VAT/CST, PT
• Handling the assessments of Income tax & TDS matters.
• Preparing & filing of Form 15CA & Form 15CB for NRI Clients.

• Statutory, Tax and MVAT / CST Audits
• Preparation and Presentation of Financial Statements with Special Emphasis on Accounting Standards (AS), and Guidance Notes issued by ICAI
• Finalization of Balance sheet, Notes to Accounts and Significant Accounting Policies for corporate and non-corporate assesses
• Drafting of Audit Report by complying with the requirements of the Companies (Auditor’s Report) Order
• Compliance of Companies Act-2013, Income Tax Act-1961, Schedule III requirements, CARO requirements and Accounting Standards
• Preparing Income-tax Returns, TDS Returns, Service-tax Returns, M-VAT/CST Returns and PT Returns for various Individuals, HUFs, Firms and Companies
• Provided recommendations on internal control and process improvement beside maintaining a high standard of precision in all calculations