Bitthal Hari Sharma

Company Overview: A wholly owned subsidiary of Happiest Minds Technologies, which is listed on the NSE.

Exposure of the Controllership Function -

• Finalization of books for monthly, quarterly, and annual financial closings (in compliance with IGAAP and IND AS).
• Managing a team of 5 to 6 members.
• Global General Ledger (GL) Accounting.
• Timely provisioning of expenses and their reversals.
• Ensuring timely closure of payroll activities and provisioning of gratuity and leave encashment per actuarial valuation.
• Preparation of Fixed Asset Register (FAR) and amortization of depreciation.
• Debtors' reinstatement for eliminating foreign exchange impact.
• Treasury management and bank reconciliations.
• Ensuring all financial transactions are recorded accurately and promptly.
• Consideration of transfer pricing impact, as per the TP study.
• Inter-Company Reconciliation.
• Managing accounts payable (P2P function) at the group level.
• Liaising with internal and external auditors for the completion of the audit in a timely manner.
• Develop, implement, and maintain robust internal controls to safeguard company assets, and ensure the accuracy of financial records.

Exposure of Tax Compliance and Controls -

• Preparation of income tax and TDS returns for corporations and individuals.
• Preparation of Form 3CA-CD for filing the Tax Audit Report.
• Computation and payment of advance tax in India and overseas subsidiaries.
• Appearing before the Tax Authorities to submit responses to outstanding demands, appeals, assessments, and audits.
• Filing of Form 67 for claiming withholding tax and foreign tax credit.
• Filing of Form 61A for the reporting of Specified Financial Transactions (SFT Return).
• Filing of Form 1 for filing the Equalization Levy Statement.
• Filing of Form 3CEB for reporting transfer pricing related to international transactions.
• Filing of Form 15CA/15CB for foreign remittance made outside India, with due compliance with DTAA norms.
• Review of GSTR-1, GSTR-3B, GSTR-9, and 9C.
• Review of eligible credits, blocked credits, and the applicability of the reverse charge mechanism on transactions.
• Filing of UK VAT Return, Malaysia SST Return, and Singapore GST Return.
• Filing of STPI returns: Monthly Progress Report (MPR), and Annual Progress Report (APR).

• Company Overview: Chartered Accountants Audit Firm
• Handled various Statutory Audits, Tax Audits & GST Audit
• Preparation of Opinions on Direct Tax & Indirect Tax matters
• Filing of Income Tax Returns of Corporate, Trusts & Individuals
• Submission of replies / response with Tax authorities on behalf of clients