Bhoumik Kotak
Assistant Manager
Navi Mumbai,Maharashtra
Overview
6
6
years of professional experience
Work History
Deputy Manager
Deloitte Haskins & Sells LLP
08.2024 - Current
- Provided expert advice and guidance to clients on tax matters, ensuring compliance with relevant laws and Regulations.
- Partnered with cross-functional teams including Direct tax, Transfer pricing to ensure seamless integration of GST requirements into business processes, enhancing compliance efficiency and minimizing business disruptions.
- Assisted client in resolving tax disputes involving drafting of responses and representing them in front of tax authorities, achieving reduction of demand from ₹150 Cr to ₹50 lakh (₹0.50Cr).
- Attended personal hearing with respect to GST litigation and Liaising with the officer for different states.
- Participated in a comprehensive GST Audit at the location of a client and drafting responses for audit observations, intimations, Show Cause Notices, and orders.
- Managed comprehensive GST compliance for an Indian subsidiary of a leading global payments multinational (global revenue USD 28 billion), including preparation and review of GSTR-1, GSTR-3B, GSTR9, and GSTR-9C filings across multiple registrations, ensuring accurate reporting, timely filing, and strong reconciliation with financial records.
- Handled end-to-end GST refund processes and related notices/orders.
- -ITC accumulation due to exports of goods/services under LUT (without payment of tax)
- -Export of services with payment of tax
- -Refund applications under Assessment/Provisional Assessment/Appeal/Other Orders
- Filed and reviewed various GST forms like ITC-04, ITC-02, ITC-03, Rule 42, and Rule 18(6) compliance.
- Leading Big 4 firm globally renowned for its exceptional client base
Consultant
Ernst & Young LLP
08.2023 - 07.2024
- Conducted extensive research on changes in indirect tax laws and regulations, keeping clients informed of potential financial impacts on their businesses.
- Prepared and reviewed monthly GST returns (GSTR 1 and 3B) for a client having 75 registrations across India, ensuring accuracy and adherence to statutory requirements.
- Assisted in preparation of GST annual return (GSTR 9) and reconciliation statement (GSTR 9C) for a client having annual turnover > ₹ 4500 Crores, meeting stringent deadlines and ensuring high client satisfaction.
- Partnered with cross-functional teams including finance, operations, and vendors to ensure seamless integration of GST requirements into business processes, enabling smooth operations and minimizing disruption.
- Assisted client in resolving tax disputes which involved drafting responses and representing them in front of tax authorities, resulting in reduction of demand from ₹ 80 Cr to ₹ 3.5 Cr.
- Attended personal hearing with respect to GST litigation and Liaising with the officer.
- Participated in a GST search raid at the location of a client and drafting of response in relation to GST Audit observation, Intimation, Show Cause Notice and order.
- Helped engagement team to carry out due-diligence and prepared financial health check report to identify inefficiencies and recommended process improvements.
- Leading Big 4 firm globally renowned for its exceptional client base
Article Assistant
STP & Associates
Navi Mumbai, Maharashtra
02.2020 - 07.2023
- Drafted and filed 350+ income tax returns ranging from Rs.1 Lakh to 100 Crore.
- Preparation of TDS/TCS returns in form 24Q, 26Q, 27EQ and Income tax related forms.
- Executed Tax Audit and filed reports (3CA/3CB&3CD) of various clients.
- Assisted principal and clients in resolving the taxation ambiguities regarding the applicability of tax laws, interpretation of law and analyzing the provision as per the facts of case.
- Handled Statutory Audits and Tax Audits of various Corporate & Non-Corporate clients having turnover in range up to INR 200 crores.
- Been a pivotal member of Bank Audit team in 2022 (State Bank of India, Borivali Branch).
- Executed Statutory Audit, Internal Audit and Stock Audit including walk through, Analysis of Financial Statements and other perspectives of clients for diverse sectors having a turnover in range of ₹ 30 crores to ₹ 200 crores.
- Scrutinized Ledgers, reconciled Debtor and Creditor balances, vouched income & Expenditure.
- Worked extensively in GST Audit, Refund, Compliances, Registration, Amendments, Cancellation, Appeal and Revocation of Corporate and Non-Corporate clients across various sectors.
- Single handedly filed more than 70+ returns & forms GSTR 1 & GSTR 3B every month including QRMP Returns and Annual Return GSTR-9 and self-certified Reconciliation Statement GSTR-9C, GSTR-9A, GSTR-4, CMP08, DRC payments & ITC -04(Job workers).
- Initiated many GST advisory services relating to various issues (E-Invoicing, E-Way Bill, HSN Code, Place of Supply, Time of Supply, Rule 42, Blocked Credit, RCM, etc.) under GST.
- Well-known firm with 4 Partners having more than 1,000 Clientele and engaged in offering a variety of services.
Education
CA Final - undefined
ICAI
05.2023
CA Intermediate - undefined
ICAI
11.2020
CA Foundation - undefined
ICAI
11.2018
M.Com - undefined
Mumbai University IDOL
01.2022
B.Com - undefined
K J Somaiya College
01.2020
Class XII - HSC - undefined
Uran Education Society
03.2017
Class X - HSC - undefined
03.2015
Skills
- Tally ERP 9
- MS-Word
- MS-Excel
- Genius (SAG)
- Gen GST
- MSCIT
- Leadership Qualities
- Communication skills
- Listening skills
- Badminton
- Carrom
Websites
Languages
Fluent in English
Marathi
Gujarati
Hindi
Extracurricular Activities
WICASA, Member, Served as a WICASA Vice Chairman of Navi Mumbai of ICAI., Successfully organized and led a wide range of events, including Annual Fest, Trek-Picnic, Regional Conference, Cricket Tournament, Blood Donation camps, Swachhata Abhiyan, Donation to Needy, Marathon, Online Carrom/Dance Competition/Signing/Memes making, Elocution Competition, Motivational Session, Free Revision Series for CA Aspirants, and newsletter., Proficient in hosting various events and ensuring their smooth execution. ICAI, Others, Certified in AI for Chartered Accountants (AICA - Level 1) by ICAI, gaining knowledge of Artificial Intelligence and its applications in finance and audit., Serving as a Committee Member of the WIRC of ICAI - Economics and Law Committee, contributing to professional development initiatives and policy discussions., Secured 1st position in Badminton competition organized by ICAI., Secured more than 50 Percentile in MTSE (Maharashtra Talent Search Examination) (2015-04-01)., Engaged in Volunteer Work in KJ Somaiya of Arts and Commerce College for Annual Fest (Honor Fest 2018-2019)., Won the top spot and been certified in various competitions like Debate, Tug of War, Kabaddi, Dance.
Hobbies and Interests
- Great Leadership Qualities
- Communication and listening skills
- Good at playing Badminton & carrom
Timeline
Deputy Manager
Deloitte Haskins & Sells LLP
08.2024 - Current
Consultant
Ernst & Young LLP
08.2023 - 07.2024
Article Assistant
STP & Associates
02.2020 - 07.2023
CA Final - undefined
ICAI
CA Intermediate - undefined
ICAI
CA Foundation - undefined
ICAI
M.Com - undefined
Mumbai University IDOL
B.Com - undefined
K J Somaiya College
Class XII - HSC - undefined
Uran Education Society