Summary
Overview
Work History
Education
Skills
Languages
Timeline
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Nitin Bhat

Nitin Bhat

Bengaluru

Summary

Tax Manager with over 17 years of diverse experience in direct tax matters, including statutory compliance, tax provision (current and deferred tax as per local GAAP and IFRS), tax automation, SAP integration, International taxation, Transfer pricing, Tax audits, and Tax Litigations. Demonstrates expertise in leading teams, handling complex tax audits, managing global tax reporting, and providing strategic tax advice. Known for process improvements, timely audits, and strong stakeholder management. Possesses good knowledge of indirect tax (GST) and effective collaboration with global tax teams.

Overview

17
17
years of professional experience

Work History

TAX MANAGER

Hitachi Energy India Limited
Bengaluru
12.2019 - Current
  • Lead quarterly preparation of advance tax and remittance
  • Prepare quarterly tax computation workings for local GAAP and IFRS, including contingent liabilities
  • Conduct regular workshops related to direct taxation for various stakeholders to ensure compliance and awareness
  • Timely execution of tax audits and transfer pricing audits (3CA / 3CB / 3CD / 3CEB / 3CEAA / 3CEAB / 3CEAC)
  • Handle litigation at CIT(A) / DRP / ITAT levels and writ petitions at the High Court
  • Handle yearly dividend payout activity
  • Manage scrutiny assessments and transfer pricing assessments for companies, trusts, and group entities
  • Liaise with auditors for tax audits and transfer pricing audits, ensuring smooth process flow
  • Develop and implement tax planning strategies to optimize liabilities
  • Provide tax opinions for large orders, cross-border transactions, and tenders
  • Support international tax matters for tendering and bidding processes
  • Assist group entities with tax accounting and IFRS reporting
  • Manage FTC calculations, documentation, consolidation, and reconciliation of income tax GLs
  • Participate in QIP processes for issuance of shares
  • Prepare income tax computations and file returns for domestic and group entities
  • Provide global tax support and reporting
  • Prepare MIS reports, tax trackers, and tax presentation materials for boards
  • Liaise with tax authorities on litigations and refunds
  • Provide annual tax guidelines related to employee salaries
  • Manage tax issues related to dividend payouts and financial transactions
  • Liaise with IS teams for SAP tax configuration and updates
  • Conduct ongoing workshops related to direct tax matters to stakeholders
  • Achievements:
  • Secured clean orders from income tax and transfer pricing authorities for most financial years, minimizing disputes
  • Played a pivotal role during the company demerger, ensuring seamless tax compliance
  • Led the successful implementation of tax automation tools for current and deferred tax calculations under US GAAP for Sweden
  • Recognized by the Global Tax Head for early completion of tax audits and transfer pricing audits, completed 4 months ahead of schedule
  • Contributed as part of the global tax accounting and reporting team for quarterly group reporting

ASSISTANT MANAGER - DIRECT TAXATION

ABB India Limited
Bengaluru
07.2008 - 12.2019
  • Sales tax return – preparation of data
  • Preparation of service tax payable report (including exempted service, service export)
  • Compilation of data & completion of sales turnover declaration to various Regions / Location
  • GL reconciliation & GL clearance relating to service tax
  • GL reconciliation & GL clearance relating to indirect taxation
  • Attending requests sent by the vendors for the issue of C-Forms
  • Issuance of C-Forms / H-Forms received from different regions to the vendors
  • Collection of E-I / E-II Forms from vendors
  • Reconciliation of revenue GLs with sales report
  • Issuance of CT1 & ARE1 Forms (verification of proforma invoice with vendor PO, customer billing schedule)
  • Collection of endorsed bill of lading / air waybill / bill of entry copies & delivery order against HSS, in-bond sales

Education

M.Com -

Karnataka State Open University
Bengaluru, India
05.2012

Bachelor of Commerce -

Hubli
Hubli, India
05.2008

Skills

  • Time Management
  • Tax compliance
  • Fast Learner
  • Leadership
  • Customer Service
  • Communication
  • Transfer pricing
  • International taxation
  • Tax planning
  • Process improvement
  • Stakeholder engagement
  • Tax team leadership

Languages

Kannada, Hindi, English, Konkani

Timeline

TAX MANAGER

Hitachi Energy India Limited
12.2019 - Current

ASSISTANT MANAGER - DIRECT TAXATION

ABB India Limited
07.2008 - 12.2019

M.Com -

Karnataka State Open University

Bachelor of Commerce -

Hubli

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Nitin Bhat