Kondalu Avulamanda

Company Overview:

• Dealing of Adani Group Company (i.e.) Adani Elbit Advanced Systems India Limited for Core Corporate accounting. It is a Jointly held by the Adani"(i.e. Alpha Design Technologies Pvt Ltd & Elbit (i.e.) Elbit Systems Limited.

General Ledger Accounting:

• Review of all entries regarding SAP FICO accounting, such as all MIRO entries for GRNs and SEs, and all direct entries related to service invoices without P. O’s, freight entries, customs duty entries, staff claims entries, vendor payment entries for advance and due entries, and salary entries for the month.
• Review of all statutory payment entries, like ESI, PF, IT, advance tax, TDS, GST, and PT.
• Review of all clearings, such as GRIR accounts, vendors, customers, and the bank reconciliation statement for the month.
• Review of provision entries, depreciation posting, FERV (i.e. Forex calculation and prepaid workings for the month.
• Review of all receipt entries and realized and unrealized entries related to vendors and customers.
• Review of inventory-related activities, like month-end closing stock (i.e. J3 report and WIP settlement.
• Review all sales-related entries in the books, like OBDs.

Account Payable:

• Review of all bulk payment files for dues related to domestic, import, and staff claims, and review of all bulk payment files for advance domestic, import, and staff claims.
• Analysis of priority payments with the plant head and SCM team, then it will not disrupt production.
• Implementing the new internal controls for a better accounts payable process, such as increasing the approval levels or decreasing the approval levels.

Treasury Management:

• Analysis and preparation of cash flows for the week, such as how much cash is coming in and how much cash is going out.
• Analysis and preparation of working capital for the month, and analysis of the cash ratio.
• Analysis of the budget for the year and analysis of any differences related to not meeting the budget.
• Management Information System reports: We have to share monthly MIS reports with the group company according to their requirements.

Other responsibilities:

• coordinating with statutory auditors for conducting quarterly limited reviews with stat auditors, providing documents and information, and resolving queries.
• Coordinating with Internal Audit for Adani Elbit to conduct the yearly internal audit with internal auditors, providing documents and information, and resolving the queries.
• Coordinating with Internal Audit for Adani Enterprises for doing the yearly internal audit with internal auditors, providing documents and information, and resolving the queries.
• Coordinating with CS to provide the information required by the CS team for the filing of annual returns and other filings.
• Coordinating with the group company, GST consultant, SVB consultant, EOU consultant for clarifications, GST assessments, appeals, any notices, and other issues.
• Review of IDPMS and EDPMS documents submitted to the bank.
• Preparation of the Quarterly Finance Committee meeting workings and presenting in front of the associate company.
• Coordinating with plant teams if any issues need to be resolved.
• Preparation of product costing workings.
• Review of TDS payment workings, and TDS quarterly return workings.
• Review of GST workings, and GST annual return workings.
• Coordinating with CHA agents to clear goods from India and import goods from outside India.
• NOC cervicale from defense exim.

• Company Overview: Dealing of Foreign Subsidiary Companies & Branch Office of Foreign Company.
• Entity Set Up & Management: Coordinating with Client regarding Business Understanding.
• Coordinating with Secretarial team & review of all registrations (i.e. Incorporation, ESI, PF, PT, Shops & establishments, Income tax and GST) and Capital Infusion.
• Coordinating with Payroll team & review of all employees contracts with company, employee policies and employee handbook.
• Coordinating with Direct tax team & review of applicability of Direct tax rules & regulations and review of Date of Set up.
• Coordinating with Indirect tax team & review of applicability of Indirect tax rules & regulations and review of Indirect tax study report on client business.
• Coordinating with Transfer Pricing team & review of applicability of Transfer pricing rules & regulations and review of mark up (i.e. Arm’s length price) to respective Client.
• Accounting Set Up & Management: Collecting ALL COA’s (i.e. Chart of accounts) of parent company & Management Information System reports (i.e. MIS) for requirement of respective client.
• We are Installed ALL COA’s in our respective Accounting Software.
• General Ledger Accounting: Review of All entries regarding Sales Invoices, Expenses, Accruals, Forex, FAR & Prepaid Expenses.
• Review of All Statutory payments like ESI, PF, IT, Advance Tax, TDS, GST & PT.
• Vouching & verification of Staff Claims.
• Account Payable: Review of all entries related to vendor payments, salary payment & staff claims with proper applicability of GST & TDS provisions.
• Review of bank reconciliation statements with bank statements.
• Treasury Team: Coordinating with treasury team & review of all Vendor payments, Salary payments & Staff Claims and Coordinating with client regarding approvals for respective payments.
• Indirect Taxation: Coordinating with GST team & review of all GST workings, like GSTR – 1, GSTR -3B calculations & ITC reconciliation reports with GSTR -3B & GSTR -2A and GSTR – 9, GSTR – 9C & Refund workings.
• Management Information system reports: We have to share monthly MIS reports to respective client with their requirement.
• External Auditors: Supporting to external auditors at the time of filling Annual financial statements and providing all supporting documents to external auditors.
• Dealing of Foreign Subsidiary Companies & Branch Office of Foreign Company.

• I learned Entrepreneurship, Leadership, Marketing, and other responsibilities at the time of practice.
• Prepared & filled 20+ GSTR returns and 20+ Income tax Updated returns.
• Prepared & filled 5+ Tax audits & statutory audit & internal audit with contact basis from senior auditors.
• Given 5+ networth certificates.
• Prepared 5+ financial projections for loans.

• Company Overview: Leading chartered accountancy & Consulting firm in Guntur and currently have more than 20 years of standing in the chartered accountancy profession.
• Taxation: Handled end to work regarding assessment proceedings and faceless assessment of 10 Clients amounting to ₹ 50 lakhs of litigation, drafted, and filled around 5+ appeals before Commissioner of Income Tax (appeals).
• Prepared & filled 400+ income tax returns for client base range from ₹ 100 to ₹ 5 crores of Total income, filed approx. 50+ TDS returns and 50+ GST returns and analysis of 3+ transfer pricing clients.
• Statutory & Internal Audit: Executed statutory, internal and tax audits of various sectors such as Cotton Industry, Manufacturing Industry, Trading sector, Drugs Industry and Agro Seeds Industry.
• Led a team of 3 members for statutory audit of a corporate client and handled overall audit work compliances including audit planning and work allocation.
• Accounting: Preparation of Books of Accounts & Financial Statements as per AS & Schedule III including cash flows of Corporate Entities having Turnover in range of ₹ 50-100 crores.
• Preparation of financial projections for different types of loans for above listed Industry Clients.
• Goods & Service Tax: Handled end to work regarding demand notices under GST Act & GST audits.
• Preparation of GSTR -1 workings & GSTR – 3B workings.
• Preparation of workings regarding to reconciliation of GSTR – 3B & GSTR -2B for Input tax credit.
• Preparation of workings regarding to GST -9 & GSTR -9C.
• Leading chartered accountancy & Consulting firm in Guntur and currently have more than 20 years of standing in the chartered accountancy profession.

• Company Overview: Leading chartered accountancy & Consulting firm in Bangalore and currently have more than 40 years of standing in the chartered accountancy profession.
• Taxation: Handled end to work regarding assessment proceedings and faceless assessment of 50 Clients amounting to ₹ 50 lakhs of litigation, drafted, and filled around 10+ appeals before Commissioner of Income Tax (appeals).
• Prepared & filled 200+ income tax returns for client base range from ₹ 100 to ₹ 5 crores of Total income, filed approx. 20+ TDS returns and 50+ GST returns and analysis of 3+ transfer pricing clients.
• Statutory & Internal Audit: Executed statutory, internal and tax audits of various sectors such as Information Technology (Parent Companies are in outside India), Manufacturing Industry, Textile Industry (T/o 200+ Crores), Hospitality & Consulting services, Trading sector, Drugs Industry (T/o 300+ Crores), Public sector companies, construction sector and Annual maintenance services.
• Led a team of 5 members for statutory audit of a corporate client and handled overall audit work compliances including audit planning and work allocation.
• Accounting: Preparation of Books of Accounts & Financial Statements as per AS/ IND AS & Schedule III including cash flows of Corporate Entities having Turnover in range of ₹ 50-300 crores.
• Leading chartered accountancy & Consulting firm in Bangalore and currently have more than 40 years of standing in the chartered accountancy profession.