Shubham Mishra
Chartered Accountant
Bengaluru (Open To Relocate)
Summary
To work with a supportive team for a business which provides opportunity for - Working on challenging tasks/ assignments, Learning new things, Developing new skills, Internal growth and Most importantly adding value to business
Overview
11
11
years of professional experience
3
3
Language
Work History
Tax and Finance Manager
Zolve Innovations (series A Start up)
08.2023 - Current
- Preparation and managing of GST, Corporate and transfer pricing compliances for the Indian entity and State & Federal tax compliances for the USA entity
- Working on tax related advisory for the Indian and the USA entity
- Managing Commerical pricing and negotiation with the vendors
- Undertook comprehensive legal review of inter-company agreements and the vendor agreements from tax exposure and liquidated damages perspective
- Preparing financial forecasting for the management and investors
- Managing treasury operations
- Managing warehouse debt related compliances and reporting
Lead Tax Analyst
Silicon Valley Bank India
08.2022 - 08.2023
- Managing and performing all-round GST, SEZ (including debonding), Corporate tax, Transfer pricing compliances in a time bound manner including Annual returns and Audits - Form 3CD, Form 3CEB, GSTR 9/9C
- Preparation of Form 35 – Appeals to CIT(A) including drafting statement of facts, grounds of appeal, written submissions, drafting stay application, rectification application and interacting with Jurisdictional AOs
- Undertaking comprehensive review of inter-company agreements, SLAs to ensure alignment from tax laws perspective
- Undertaking comprehensive review of third-party vendor engagement process to align with the requirements of BAPA including negotiating with the vendors to restructure and implement the revised contracting and invoicing process in place
- Co-ordination and advising Internal stakeholders - Legal team, Internal Auditor, Accounting team, Payroll team, HR team, Procurement team, Senior Management on tax matters. Engaging with the External stakeholders - Tax Authorities, SEZ Authorities, Statutory Auditors, Payroll vendors
- Obtaining GST refunds for the Indian entities from the GST authorities including responding to RFD 08 (Show cause notices for refunds) and preparation of response in GST RFD 09
Analyst, Controllership India
PayPal India Private Limited
02.2020 - 08.2022
- Managing and performing the all-round GST and STPI compliances in a time bound manner; handled transition to E-invoicing; following up with the vendors on GST documentation and return filing on account of GSTR 2A/2B reconciliations to ensure timely flow of input tax credits to the company
- Providing advice to Procurement teams to structure/ re-structure the transactions to optimize the tax costs/ benefits including providing inputs on drafting of the terms and conditions in the purchase order to cover GST exposure aspects; vetting GST clauses in vendor/ customer agreements
- Performing reconciliations of GST output liability and input tax credit balances between tax returns and books of accounts; supporting the Statutory and Internal Audit teams with respect to indirect tax matters related aspects
- Managing the exercise of obtaining GST refunds for the company; reduced the time gap of filing the refund application by creating synergy between monthly compliance activity and the activities required for filing refund application. This has translated into improved working capital position for the company.
- Managing Indirect tax, Direct tax and Transfer pricing Audits and litigations which includes handling GST/ Tax audits and assessments, responding to show cause notices, filing of appeal with higher Appellate Authorities; Computation of Advance tax liability and preparation of Income tax return; Forecasting the tax liabilities under GST, Income tax for budgetary and cash flow planning purposes
- Undertook comprehensive review of inter-co agreements and suggested amendments to agreement clauses to bring down the risk of export services from getting classified as ‘intermediary’ under GST
- Established internal processes to determine GST reversal arising on account of sale of capital goods covering complexities around STPI debonding, SEZ to DTA transfers, customer negotiations to pass on the costs arising due to GST reversals
- Highlighting issues in GST / STPI legislations for Representation before NASSCOM and Government Authorities
- Creation and timely updation of SOPs as applicable for the compliance tasks and sharing the same with relevant stakeholders to ensure smooth and proper flow of tasks and processes
- Managing the activities associated with conclusion of Bilateral Advance Pricing Agreement viz., revenue computation, invoicing, filing of modified returns, identification of Free of cost components, timely receipt of forex consideration, renewal of BAPA application etc.
- Automated compliance tracking functions using Service Now, Goods movement approval process flow functions using Sharepoint with support from technical teams
- Providing timely updates on the legal developments in the taxation laws to the relevant stakeholders which have impact on the company
Associate, Indirect Taxes
Price Waterhouse & Co LLP
03.2017 - 02.2020
- Assisted major EPC companies to transition to GST regime from the erstwhile indirect tax regime during the GST implementation period
- Assisted - US companies doing business in India and multi-state GST registered Companies (includes listed companies) into retail sector, manufacturing sector, real estate sector in India, by providing overall Indirect tax consultancy viz., Advisory (including structuring/ restructuring of transactions to optimize tax cost/ benefits, liquidation of accumulated input tax credits), Compliance services, SEZ specific Advisory
- Assisted companies in obtaining refunds under GST for Exports of services, inverted duty structure refund
- Assisted healthcare entities in obtaining favorable order from AAR under GST in the state of Kerala on the issue of supply of medicines to in-patients
- Ascertained GST exposure of long-term contracts entered into by infrastructure companies (Government and Non-Government companies) to determine the GST payout to the contractors on account of transition to GST from erstwhile Indirect tax regime
Paid Assistant
K.M.Mohandass & Co
11.2016 - 02.2017
Article Assistant
K.M.Mohandass & Co.
10.2012 - 10.2015
Education
CA Final -
Institute of Chartered Accountants of India
Higher Secondary School (XII Std) - undefined
St. Thomas Higher Secondary School
Skills
Tax Advisory and Research
Tax Compliances
Process Enhancement
Documentation and Reporting
Audit Support
Client Management
Litigation Support and Management
Business forecasting
Stakeholder management
Websites
Accomplishments
- Spot Award in November 2022 for ensuring continuation of tax holiday benefit for SVB India
- Spot Award in November 2020 for bringing cost savings to PayPal India
- Above and Beyond Award in May 2018 as exemplary performance and contribution resulted in business advantage for PwC
- Elected as School Pupil Leader in XII Std (Academic Year 2010-11)
- Awarded Leader of the Year and Best Actor award in XII Std (Academic Year 2010-11)
Additional Information
- Place of Birth: Bikaner, Rajasthan
- Date of Birth: August 17, 1994
- Nationality: Indian
- Hobbies: Reading Non-fiction, Playing Carrom, Travelling
Timeline
Tax and Finance Manager
Zolve Innovations (series A Start up)
08.2023 - Current
Lead Tax Analyst
Silicon Valley Bank India
08.2022 - 08.2023
Analyst, Controllership India
PayPal India Private Limited
02.2020 - 08.2022
Associate, Indirect Taxes
Price Waterhouse & Co LLP
03.2017 - 02.2020
Paid Assistant
K.M.Mohandass & Co
11.2016 - 02.2017
Article Assistant
K.M.Mohandass & Co.
10.2012 - 10.2015
CA Final -
Institute of Chartered Accountants of India
Higher Secondary School (XII Std) - undefined
St. Thomas Higher Secondary School