Parameswara Reddy Akkili

• Identified issues, analyzed information and provided solutions to problems.
• Monitored company inventory to keep stock levels and databases updated.
• Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
• Identified and reported audit issues.
• Recommended new methods to improve internal controls and operating efficiency.
• Saved Rs.70 Lakhs by implementing cost-saving initiatives that addressed long-standing problems.

• Computed taxes owed by applying prescribed rates, laws and regulations.
• Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
• Collected and reported monthly expense variances and explanations.
• Prepared working papers, reports and supporting documentation for audit findings.
• Strengthened financial operations by conducting bank reconciliations and financial reporting.
• Filed GST Monthly Returns of Diverse Clients.
• Dealt Internal Audits,Tax Audits,GST Audits etc of various clients

Synopsis of Work performed:

Audit & Assurance

• Actively participated in planning, performing, analyzing, and implementing the Audit (Statutory audit, Internal audit, Concurrent audit, Tax audit, Transfer pricing and Stock audit).
• Industries where I Worked Are-Manufacturing, Education Institutions, Textile, Automobile, Electronics, Hospitality and Various Non-Profit Organizations.

Taxation & Other Compliances

• Filing of GST Monthly returns of various entities.
• Filing of Income Tax returns of individuals, partnership firms and companies.
• Performed Tax Audits and GST Audits of Various entities.
• Annual GSTR Reconciliations.
• Other Statutory Compliances such as TDS, TCS, EPF, Professional Tax.
• Dealt in VAT Assessment, GST Assessment and GST Refunds.

Accounting

• Accounting work including preparation of vouchers, generating invoices, payroll accounting, maintaining statutory records and its accounting, ledgers, Final accounts of Trusts registered u/s 12AA, Societies and of Companies as per Companies Act, 2013.
• Preparation of Financial Statements of Companies and other entities.

ROC Related Works

• Filing of Company Incorporation Forms.
• Filing of various returns like Annual returns, DIR 12, and ADT 1 with the Registrar of Companies.

Other Works

• Physical Verification of Fixed assets, Stock and Preparation of Fixed assets register and reporting in accordance with applicable laws.
• Registration Compliances under Karnataka Shops & Establishments, FSSAI License, and GST.
• Conducted Due diligence of Various LLP's.
• Filing of 15 CA and CB Forms etc.