CA. Lovish Sharma
Ludhiana
Summary
A highly motivated and results-driven Chartered Accountant with over 14 years of overall experience in financial management, taxation & corporate accounting. Adept at streamlining financial processes, ensuring compliance with regulatory standards, and provide actionable insights to drive business growth. Seeking to leverage my expertise financial reporting, risk management and strategic planning to contribute to the success of dynamic organization, while continuously enhancing my professional skills and advancing within the accounting field.
Overview
13
13
years of professional experience
Work History
GM (Commercial & Accounts)
Aarti International Limited
Ludhiana
09.2021 - Current
- Overseeing the preparation and presentation of financial statements, including the monthly & quarterly income statements
- Ensuring compliance with tax laws, including preparing and filing tax returns GST & income tax and managing audits by tax authorities
- Overseeing the preparation for internal and external audits
- Ensuring that all documentation and records are in order to facilitate a smooth audit process and addressing any issues raised by auditors
- Representing the company in dealings with tax authorities and managing any tax audits or disputes
- Resolution of any commercial issues/queries raised by dispatch/purchase/stores/marketing/ppc departments
- Applications and follow-up with various government departments for subsidy schemes in A-TUF and Invest Punjab.
- Managing various financial transactions with banks, and the preparation of project reports for the procurement of term loans from banks.
- Overseeing & handling of all day-to-day queries from accounts & finance teams.
Manager (Accounts & Finance)
Nahar Spinning Mills Ltd (Oswal Group)
Ludhiana
06.2019 - 08.2021
- Overall Monitoring of GST Related Matters
- Leading the GST Team having 4 Subordinates
- Filing of GST Returns (GSTR-1 & GSTR-3B), GST Refunds (Refund of ITC on exports without payment of Tax & ITC Refund due to inverted duty structure), GSTR-9 & 9C, & GST Assessments
- Preparation and consolidations of balance sheets and tax audits.
- Handled banking operations such as vendor payments, import payments, issuance and payments of foreign LCs, and preparation of stock statements and DPR.
- Verification and posting of all accounting vouchers for the unit at Lalru (Ambala).
- Directed or coordinated financial or budget activities to fund operations and maximize investments.
- Managed all aspects of daily business operations, including budgeting, staffing, inventory control, dispatch, and other EDP-related issues.
Manager (Finance/Accounts)
Oster India Private Limited (Oster Group)
Ludhiana
12.2016 - 06.2019
- Overall monitoring & supervision of Accounts & Finance
- Ledger Scrutiny & Finalizations of Balance Sheets & Tax Audits
- Managing all banking activities - Import & Export Payments, Issuance of LC’s, Payments of LC’s, Amendments in LC’s, Disbursements of Loans, Project/CMA Reports to banks, overviewing of all banking charges, Stock Statements, QMS & QMS-II (half yearly)
- Filing of GST Returns (GSTR-1 & GSTR-3B, GSTR-9&9C), GST Refunds, GST Assessments, & all other matters
- Overall monitoring of payments from Accounts Receivables & to Payables, Scrutiny & Reconciliation of large vendors
- TDS & TCS Returns, Computations of Advance Tax & Income Tax
- Budgeting & Forecasting of Cap-ex & revenue expenses, budgeting of all routine & recurring payments through banks
- Providing Support to Internal Auditors for conducting Internal Audits Preparation & Consolidations of Balance Sheets & Tax Audits
- Managing all accounts and finance relating issues, Preparing CMA/Project Reports, Analyzing Cash Flows, Budgets
- Managing Forex, Banking & Insurance, Liaison with all the statutory/Non- Statutory organizations such as Banks, Insurance Companies etc
- And completion of all the formalities as per their norms
Assistant Manager - Finance & Accounts
Eastman Industries Ltd
Ludhiana
01.2015 - 11.2016
- Overseeing and bookkeeping of personal accounts of directors, along with their trusts.
- Overseeing investments in mutual funds, shares, and real estate held by the company and its directors.
- Prepare fund flow statements along with projections for the succeeding month.
- Preparations of vendor/customer reconciliations, bank reconciliations.
- Issuance of debit/credit notes to vendors and customers.
- Posting of journal entries, prepaid entries, and other transfer entries.
Senior Audit Executive
Vipan Aggarwal & Co. (Chartered Accountants)
Ludhiana
08.2011 - 08.2014
- Preparation and filing of tax audits (Form 3CB/3CD) for various clients.
- Preparation and finalization of annual balance sheets of various parties.
- Filing of various income tax, TDS, VAT, and excise returns for various clients.
- Performed various statutory and internal audits of parties based in Ludhiana related to textiles, spinning, garments, and auto parts, etc.
- Performed concurrent audits, statutory audits, and revenue audits of various banks in India.
- Preparation and submission of departmental replies against notices received during various assessments of income tax and sales tax.
Education
CHARTERED ACCOUNTANT -
The Institute of Chartered Accountants of India
New Delhi11-2020
B.Com -
Panjab University
Chandigarh04-2011
12th - Commerce
Punjab School Education Board
Ludhiana03-2008
10th - Honors
Punjab School Education Board
Ludhiana03-2006
Skills
- Indirect taxation
- Direct taxation
- Financial software implementation
- Internal controls
- Capital budgeting
- Credit control
- Corporate finance
- Financial statement preparation
- Auditing expertise
- ERP systems proficiency
Languages
- Punjabi
- English
- Hindi
Languages
Punjabi
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
Hobbies and Interests
Cooking & Travelling
Timeline
GM (Commercial & Accounts)
Aarti International Limited
09.2021 - Current
Manager (Accounts & Finance)
Nahar Spinning Mills Ltd (Oswal Group)
06.2019 - 08.2021
Manager (Finance/Accounts)
Oster India Private Limited (Oster Group)
12.2016 - 06.2019
Assistant Manager - Finance & Accounts
Eastman Industries Ltd
01.2015 - 11.2016
Senior Audit Executive
Vipan Aggarwal & Co. (Chartered Accountants)
08.2011 - 08.2014
CHARTERED ACCOUNTANT -
The Institute of Chartered Accountants of India
B.Com -
Panjab University
12th - Commerce
Punjab School Education Board
10th - Honors
Punjab School Education Board
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