MAYUR SONANI

Sony Pictures Networks Distribution India Private Limited

• Preparation of MRP Plans, Annual Budget and forecasts with proper analysis for accuracy and completeness of information supplied by various department
• Preparation and Finalization of books accounts and Reviewing Periodic Financial statements for accuracy and completeness
• Handling overall Direct and Indirect Tax compliances and Litigations i.e
• Transfer pricing assessment, Tax Audit, TDS, Service Tax, VAT and GST matters
• Preparation of Monthly MIS , EBIT Calculations and Reporting of Variance analysis
• Drawing Cost and Cash budgets for Organization with co-ordination of functional heads
• Coordinating and liaising with statutory, internal, Sox auditors and tax consultants etc
• Handling Treasury function and Cash management for the Organization.

Sony Pictures Networks India Private Limited

• Involved in Overall Finance Transformation Project for the Company
• Handling overall Direct and Indirect Tax compliances and Litigations
• § Ensure controls through various reconciliations i.e.
• o Monthly reconciliations between revenue as per books and GST returns (Approx. 1 lac plus transactions per annum)
• o Monthly reconciliation of Liability, Input availment as per books and as per GST Returns
• o Circulate reconciliations of GSTR2A vs Input availment as per GST Returns. (Approx. 50k plus transactions per annum)
• o Monthly reconciliation between GSTR-1 and GSTR3B
• o Variance analysis between Liability, Input and Cash Payout of current month vs previous month and analyzed reasons for major variances
• o Ensure list covering important check points circulated to team members and adherence thereof.
• Handled EA2000/ Service tax Audits for Sony group companies for the period up to June 30, 2017
• § Handled inquiry of tax departments for verification of Transitioned credit from Service tax to GST.
• § Handling monthly GST Compliances for 33 Registrations of Sony group companies.
• § Handling Proceedings for TDS Survey, Transfer pricing assessment, Tax Audit, TDS Compliances, TDS Survey

• Budgeting & MIS:
• Preparation of Budgets and Forecasts
• Preparation of Monthly MIS
• Variance Analysis of revenues and costs
• Identifying deviation from budget and their reasons
• Identifying abnormalities and ensuring proper reporting
• Peer comparisons
• Financial Reporting:
• Preparation of Quarterly / Half Yearly and Yearly Financial statements as per SEBI requirement
• Preparation and finalization of books of accounts as per Indian GAAP and Company Law Requirement
• Preparation of Annual report and other compliances for the AGM
• Taxation:
• Handled overall direct and indirect tax compliances
• Keep the Management and employees, updated about the changes in Tax Laws
• Giving opinions to management and employees for taxability of domestic as well as International Transactions
• Handling various assessments at ITO, ACIT, CIT and ITAT Levels of company and directors
• Fund Raising: Involved in
• Raising of Rs 130 Cr Through Private Equity
• Raising of Rs 350 Cr Fund based and 500 Cr Non fund based limits from Bank Consortium
• Raising of project finance of Rs 250 Cr for a single project
• Arranged Buyers credit and ECB Loans along with the analysis of Hedging Options
• Business Modelling and New Project Analysis:
• Evaluation of New projects as per managements input and business model for the same
• Management & Shareholder Reporting:
• Presentations for quarterly board meetings
• Assisted Management in Private Equity Conferences
• Assisted in Quarterly conference call with Analyst and investors
• Assisted Management in annual general meetings
• Audit and Consolidation:
• Managed Statutory, Tax, Internal and Transfer Pricing , MVAT , DVAT, GVAT and CERA Audits
• Compliances:
• ROC return filings
• Filing of quarterly results with stock exchanges
• Managed other compliances of Direct, Indirect taxes, RBI & FEMA Compliances.

Ø Tax: Preparation of Tax Computations, 3CD Reports, TDS and Service Tax Return Filing and compliances

Ø Audit: Involved in a varied mix of assignments such as statutory audits, internal audits, tax audits and other special assignments.

Ø Opportunity to lead audit teams in various assignments during the third year of articleship.