PRASHANT SURI
Lead - Indirect Tax
Pune,MH
Summary
Experienced in strategic consultation and guidance on indirect taxation issues, with a proven track record of positively impacting costs, operational performance, and profitability of companies. Skilled in analyzing variances and providing valuable expertise to senior management. Excel in GST implementation and compilation of GST compliance. Successfully reviewed submissions, attended GST audit hearings, and effectively communicated and coordinated with wider tax group stakeholders. Monitor commercial tax of all India states. Identify and research tax planning opportunities and implement both structural and non-structural tax planning strategies to maximize savings. Possess strong technical knowledge and excellent communication, negotiation, and analytical skills. Effective team leader.
Overview
18
18
years of professional experience
2
2
Languages
Work History
Head Indirect Taxation
Bridgestone India Pvt. Ltd.
07.2021 - Current
- Spearheading a team of 9 members; instituting the taxation policies & systems; reporting business plan to the Senior Management Team for corporate policy development
- Supervising all tax compliance and submissions covering Commercial Tax, Service Tax and internal reporting
- Driving implementation of new tax projects; strategizing SOPs & process notes for various transactions under Indirect Tax Law; performing checks at frequent intervals for ensuring processes & SOPs are being followed in correct manner
- Experience identifying and implementing localization solutions for statutory requirements
- Steering GST implementation and monitoring payables of GST; preparing & filing GST Returns (GSTR1, GSTR2, GSTR3B and ITC4) and related documentation
- Managing Reconciliation of GST Payable & Receivable and filing & getting refund under GST
- Monitoring replies to Notices / Demand Notices / Show Cause Notices / Query Letter issued by Tax Authority and attending hearings
- Experience in functional and technical configuration, integration, and deployment of Tax solutions
- Generating MIS and other ad hoc reports to assist senior management in decision-making; analyzing financial statements including trial balance and profit & loss account
- Experience in identifying and implementing solutions for Tax compliances related issues
Section Manager
Bridgestone India Private Limited
04.2018 - 06.2021
- Resolved complex issues through root cause analysis and implementation of effective solutions tailored to specific situations.
- Ensured compliance with industry standards and regulations through rigorous quality control measures.
Deputy Manager of Finance
Bridgestone India Pvt. Ltd.
04.2013 - 03.2018
- Developed customized reports to empower managers with actionable data to drive operational improvements in their respective areas of responsibility.
- Streamlined financial processes by leveraging technology advancements in automation and system integrations.
Assistant Manager - Finance
Bridgestone India Pvt. Ltd.
11.2010 - 03.2013
- Supported annual audit process by preparing detailed schedules, reconciliations, and responding promptly to auditor inquiries .
- Managed accounts payable and receivable functions, ensuring timely processing of invoices and collections activities.
- Streamlined month-end closing process by automating tasks and establishing clear deadlines.
- Mentored junior finance staff, fostering a positive work environment and promoting professional growth.
- Collaborated with cross-functional teams to drive company-wide financial initiatives.
Sr. Financial Analyst
BatchMaster Software Inc.
09.2008 - 10.2010
- Provided valuable insights by leading monthly variance analysis reviews between actual results and budget/forecast expectations.
- Increased financial accuracy by conducting in-depth analyses of financial data and trends.
Intern
Bharat Heavy Electrical Ltd. (BHEL)
07.2007 - 08.2007
- Project Title: Analysis of Costing System and Valuation of Inventory in BHEL, Bhopal
Intern
Dabur India Ltd.
03.2007 - 04.2007
- Project Title: Cost Optimization
Education
MBA - Finance & Systems
SGSITS
Indore, India09-2008
Company Secretary - Module 1 - Executive Level
ICSI
New Delhi, India 04.2001 -
M.Com. - undefined
Bhopal University
B.Com. - undefined
Bhopal University
Skills
Indirect Tax Compliance
Personal Information
Date of Birth: 08/04/82
Significant Accomplishments
- Collaborated with Superintendents & Commissioner of Central Excise, Deputy Commissioner and Assistant Commissioner of Commercial tax and GSTs, & other authorities.
- Appeared before departmental authorities for completion of assessments and hearing.
- Monitored compliance with Central Excise procedures of 2 units.
- Successfully got various cases dropped by the Taxation Authorities; ensured the proper presentation of documents in Session Courts and High Court.
Timeline
Head Indirect Taxation
Bridgestone India Pvt. Ltd.
07.2021 - Current
Section Manager
Bridgestone India Private Limited
04.2018 - 06.2021
Deputy Manager of Finance
Bridgestone India Pvt. Ltd.
04.2013 - 03.2018
Assistant Manager - Finance
Bridgestone India Pvt. Ltd.
11.2010 - 03.2013
Sr. Financial Analyst
BatchMaster Software Inc.
09.2008 - 10.2010
Intern
Bharat Heavy Electrical Ltd. (BHEL)
07.2007 - 08.2007
Intern
Dabur India Ltd.
03.2007 - 04.2007
Company Secretary - Module 1 - Executive Level
ICSI
04.2001 -
M.Com. - undefined
Bhopal University
B.Com. - undefined
Bhopal University
MBA - Finance & Systems
SGSITS
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