Prakash Sharma

Statutory Compliances.

• Lead and manage all compliances under Indirect Taxation- Goods and Services tax (GST); Compliances under Custom Act and aligned taxes, including tax planning, compliance, and reporting for the company within a national-level retail organization operating in 18 states. states
• Ensure adherence to state and local tax regulations, minimizing tax liabilities, and mitigating risks.
• Prepare and submit responses to notices and queries from the tax authority proactively. Manage relationships with tax authorities in order to efficiently resolve disputes.
• Implement and streamline tax processes, reducing errors, and improving reporting accuracy.
• Collaborate with cross-functional teams to identify and implement tax-saving opportunities, ensuring accurate financial reporting and forecasting.
• Provide leadership and guidance to a team of 4 people, fostering a culture of continuous improvement.

Commercial Deliverables:

• Manage accounts payable for a company with a turnover of over Rs.1000 Cr, ensuring timely and accurate processing of both domestic and foreign remittances, as well as invoice payments and reconciliations.
• Present monthly accounts payable reports to Management for effective fund flow planning.
• Reduce working capital cost by optimizing fund utilization and effectively managing credit facilities.
• Ensure compliance with company policies, procedures, and relevant regulations, such as compliance under the FEMA Act and regulatory requirements set forth by the Reserve Bank of India.

• Managed daily accounting transactions such as posting sale-purchase, receipts, and payment vouchers.
• Prepared TDS /TCS return Ensured accurate deduction of withholding taxes TDS/WCT during payment processing.
• Efficiently handled the monthly preparation of the company's VAT/CST returns. Calculated tax liability, utilized input tax credit, and met deadlines for tax payment.
• Handled the preparation of Central Excise returns, Service Tax Return, while maintaining meticulous records in RG-I, RG-23 Part A, and Part C for excisable goods. Demonstrated a track record of accurately depositing taxes within established deadlines by utilizing available CENVAT credit.
• Handled accounts payable and receivable operations for a business with INR 300 Cr yearly revenue.
• Assisted in finalizing books of accounts and coordinated with internal auditor, statutory auditors, and department audit.