NIL PATEL
Anand
Summary
Results-driven audit and tax professional specializing in GST, income tax audits, financial reporting, and regulatory compliance. Proven expertise in leading audit teams, leveraging advanced digital audit technologies, and delivering strategic tax planning advice that optimizes client outcomes. Adept at preparing precise financial statements and ensuring meticulous accuracy in tax filings and audit documentation, consistently enhancing compliance, and minimizing risk. Committed to driving operational excellence and adding value through insightful financial analysis, and regulatory guidance.
Overview
8
8
years of professional experience
Work History
Manager
Vistra ITCl (India) LTD
Gandhinagar
07.2025 - Current
- Responsible for compliance with Income tax, GST, TDS, SEZ, IFSCA AIF regulations, and leading compliance and risk management.
- Responsible for assisting and managing the compliance and operations activities.
- Responsible for Quarterly compliance reports to the Board and regulators.
- Assisting in the maintenance of all documents about the receipt of investment by AIF, and reporting by AIF to its Trustee, contributors, and regulators.
- Experience in handling statutory filings and submissions for the renewal of the Registration cum Membership Certificate, Service Export Reporting, Monthly Report of Investment and Employment, Annual Performance Report, and ensuring the validity of the Bond cum Legal Undertaking.
- Oversee the entire investor onboarding process, ensuring due diligence, compliance with FATCA, CRS, and AML regulations for high-risk investors.
- Act as the primary contact for investor queries, manage communications on capital calls, distributions, and fund updates, and ensure accurate reporting of statements, while maintaining data privacy and confidentiality.
Proprietor
Nil Patel & Co.
Khambhat
07.2024 - 07.2025
- Executing statutory and indirect tax audits (GST, income tax) for Individuals, HUFs, Partnership Firms, Trusts and Co-operative Societies, ensuring alignment with regulatory frameworks.
- Compiling and submitting periodic GST returns; reconciling Input Tax Credit (ITC) to ensure accurate tax reporting and maximize allowable credits.
- Preparing and closing books of accounts; drafting financial statements including Balance Sheet, P&L, and Cash Flow in compliance with accounting standards.
- Interpreting financial data, conducting variance analysis, and ensuring accuracy in ledgers and sub-ledgers with recommendations.
- Addressing client inquiries on tax compliance and accounting issues; coordinating documentation and tracking changes in GST laws and financial reporting regulations.
- Reviewing GST input-output mismatches via GSTN portal and internal systems, ensuring timely corrections and minimizing departmental notices or penalties.
- Assisting in tax planning and advisory for clients by analyzing financial data, applicable exemptions, and deductions under Income Tax and GST frameworks.
- Preparing and reconciling 26AS, TDS returns (Form 24Q, 26Q), and coordinating with clients for PAN, challan data, and other statutory requirements.
Assurance - Senior
Ernst & Young Global Delivery Services India LLP
Hyderabad
01.2022 - 06.2024
- Executed end-to-end audits, including walkthroughs, control testing, substantive procedures, sample selection, and material account analysis under manager supervision.
- Conducted analytical reviews, financial statement tie-outs, accuracy checks, and ensured compliance with disclosure and reporting standards.
- Leveraged digital audit tools (EY Helix, Smart Sampling, Data Snipper, EY Canvas, MicroStart) and general ledger analytics for data-driven audit testing.
- Supervised and mentored semi-qualified CAs and staff accountants, promoting effective communication, leadership, and team development.
- Collaborated with cross-functional teams to identify audit risks, enhance audit planning, and improve overall engagement efficiency.
- Provided technical guidance on complex accounting areas (e.g., revenue recognition, lease accounting, provisions), ensuring accurate application of IFRS, Ind AS, and US GAAP.
- Led status update meetings with engagement teams and onshore counterparts; ensured transparency on milestones, risks, and deliverables.
- Contributed to internal initiatives such as knowledge-sharing sessions, quality-improvement drives, and template standardization across engagements.
Senior Audit Assistant
Gopal Shah & Company
Ahmedabad
02.2021 - 11.2021
- Performed statutory, tax, and government audits involving detailed ledger analysis, audit completion, and regulatory compliance checks.
- Compiled Tax and GST audit documentation, calculated income tax liabilities, and ensured timely submission of tax returns.
- Supported clients in closing financial records and managing accounting books for non-corporate clients, adhering to standard accounting principles.
- Identified discrepancies and potential risks through detailed transaction testing and substantive audit work, recommending corrective actions to management.
- Collaborated with cross-functional teams to gather relevant financial data, ensuring completeness and accuracy of audit evidence.
Article Trainee
Gopal Shah & Company
Ahmedabad
01.2018 - 01.2021
- Prepared and reviewed financial reports for individuals, partnerships, and corporations; ensured adherence to GAAP and regulatory frameworks.
- Managed preparation and electronic submission of income tax returns, TDS filings, and VAT reconciliations; computed and monitored advance tax obligations.
- Executed tax compliance audits, GST assessments, and statutory/concurrent audits for public sector and cooperative banks; assessed risk controls and compliance effectiveness.
Education
Professional Degree - Chartered Accountant
The Institute of Chartered Accountants of India
01.2021
Bachelor Degree - Commerce
Gujarat University
Khambhat01.2017
Skills
- Statutory & Indirect Tax Audits
- GST Return Filing
- ITC & TDS Reconciliation
- Financial Statement Preparation
- Risk Assessment & Compliance Checks
- Audit Process Oversight
- Microsoft Office - (Word, Excel, PowerPoint, Outlook)
- Tally
- KDK
Accomplishments
Achieved Chartered Accountancy (CA) qualification in a record 4 years by clearing both groups concurrently on the first attempt, demonstrating exceptional dedication and mastery of complex subjects.
Personal Information
- Date of Birth: 08/12/97
- Gender: Male
Languages
- Gujarati
- Hindi
- English
Timeline
Manager
Vistra ITCl (India) LTD
07.2025 - Current
Proprietor
Nil Patel & Co.
07.2024 - 07.2025
Assurance - Senior
Ernst & Young Global Delivery Services India LLP
01.2022 - 06.2024
Senior Audit Assistant
Gopal Shah & Company
02.2021 - 11.2021
Article Trainee
Gopal Shah & Company
01.2018 - 01.2021
Professional Degree - Chartered Accountant
The Institute of Chartered Accountants of India
Bachelor Degree - Commerce
Gujarat University