Shivappa S M
Senior Associate
Bengaluru
Summary
Possessing a strong foundation in accounting and taxation, with practical experience in GST, Income Tax compliance, including return filing, ITC management. Skilled in financial statement preparation,reconciliations. Proficient in conducting statutory audits, encompassing financial statement examination and executing audit procedures. Demonstrated analytical abilities and attention to detail, ensuring accuracy and compliance across financial tasks. Applied Chat GPT and other Generative
AI tools to perform efficient work.
Overview
5
5
years of professional experience
Work History
Senior Associate
ASHOK & VANRAJ | Chartered Accountants
09.2023 - Current
- Assisted in conducting statutory audits for clients in manufacturing and trading sectors. Examined financial statements, performed vouching and verification of transactions, and scrutinized ledgers. Applied audit
methodologies and compliance requirements while preparing audit working papers, supporting schedules, and reports. Utilized analytical skills to identify potential audit issues and assess their impact on financial statements, contributing to comprehensive and accurate audit
outcomes. - Collaborated with audit teams to ensure timely and efficient completion of audit engagements. Conducted detailed reviews of internal controls and compliance procedures to identify areas of improvement. Engaged
in substantive testing and analytical procedures to validate financial information accuracy. Communicated findings and recommendations to senior auditors and client management, facilitating informed decision making. - Handled tasks related to the Registrar of Companies (ROC), such as incorporating new companies and LLPs (Limited Liability Partnerships). I also took care of filing important annual returns, like AOC-4 and MGT-7A, as well as other forms such as DPT-3, DRC-03, and more.
Article Assistant
ASHOK & VANRAJ | Chartered Accountants
09.2020 - 09.2023
- Assisted in the preparation of financial statements in compliance with accounting standards, maintained accurate records of financial transactions, and updated ledgers. Conducted bank reconciliations and reconciled accounts payable and receivable to ensure accuracy and reliability of financial data.
- Reviewed and analyzed GST notice contents, gathered and compiled relevant financial data. Organized necessary documentation and assisted in drafting responses with all supporting materials.
- Assisted in preparing and filing income tax returns, assessing financial documents to calculate tax liabilities accurately. Gathered necessary documentation from clients, clarified tax-related queries, and developed
tax planning strategies to optimize savings. Advised clients on eligible deductions and credits, ensuring compliance with tax regulations while maximizing financial benefits. Worked on capital gains calculations for foreign equity investments, including reporting of dividends and
considering currency exchange impacts. Handled tax implications of futures and options trading,Foreign Tax Credit (FTC) calculations - Collaborated with senior team members to conduct audits, verifying adherence to audit scope and timelines; executed vouching and verification.
- Contributed to the preparation of reconciliation documents for GST audits, working closely with senior team members
Assistant Executive
ASHOK & VANRAJ | Chartered Accountants
10.2019 - 09.2020
- Efficiently handled the preparation and filing of monthly and quarterly GST returns, ensuring client adherence to regulatory requirements and deadlines. Verified and maintained accurate records of availed Input Tax
Credit (ITC), and conducted thorough analyses to distinguish eligible and ineligible ITC, thereby ensuring compliance. - Assisted in preparation and filing of GST annual returns, reconciling input tax credits with GSTR-2A/2B data, adhering to statutory deadlines. Collaborated with clients to gather requisite financial data, identified discrepancies, and implemented corrective actions.
Education
Bachelor of Commerce -
Tumkur University
Tiptur, India 04.2001 -
PUC HEBA -
M B R Pu College
Sirigere, Chitradurga 04.2001 -
SSLC -
S L B S High School
Sarthavalli, Tiptur 04.2001 -
Skills
Accounting Support
Tax Return Preparation
Bookkeeping abilities
Account Reconciliation
Audit Support
Financial Projections
General ledger accounting
Financial Data Analysis
Adaptability
Continuous Improvement
Corporate Finance
Microsoft Powerpoint
Microsoft Excel
Languages
English
Upper intermediate (B2)
Kannada
Bilingual or Proficient (C2)
Timeline
Senior Associate
ASHOK & VANRAJ | Chartered Accountants
09.2023 - Current
Article Assistant
ASHOK & VANRAJ | Chartered Accountants
09.2020 - 09.2023
Assistant Executive
ASHOK & VANRAJ | Chartered Accountants
10.2019 - 09.2020
Bachelor of Commerce -
Tumkur University
04.2001 -
PUC HEBA -
M B R Pu College
04.2001 -
SSLC -
S L B S High School
04.2001 -
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