Hi, I’m
SOMBARTA GHOSH
Summary
LinkedIn: in/sombarta-ghosh-3b045a24 Facilitating nearly 20 years of experience in the areas of Finance & Accounts with a specialization in Taxation Processes (Direct & Indirect, Transfer Pricing). Excel at controlling entire tax affairs in respect of the preparation of the tax information to be disclosed in the local statutory accounts for various regions. Interfaced with management and other key decision-makers regarding tax implications of business initiatives. Superior accounting skills and thorough knowledge of all tax laws regulations and current updates. Interact easily with people of diverse backgrounds, cultures, and professional levels. Highly flexible and able to quickly adapt to changing priorities/deadlines. Holds the distinction of being recognized for best performance by current & previous employers.
Overview
22
years of professional experience
Work History
Holding, RSM Astute ConsultechSurat
General Manager
03.2023 - Current
Job overview
- Tapped to review financial statements and analyze sales revenues, costs, expenses, and tax rates for all business units; conducted variance analysis to determine the difference between projected & actual results
- Playing a vital role in performing effective tax rate analysis and explaining variances from Statutory Tax
India Indian Explosives Pvt. Ltd
Tax Manager
04.2015 - 11.2022
Job overview
- Drove achievement of profit goals by formulating & implementing strategic financial solutions and tax policies, procedures & systems
- Looked after the entirety of Taxation Functions (Direct and Indirect) - Pan India Basis; led indirect tax affairs across 4 Production Units, 22 Operations, 9 States of Business Presence, and INR 500 crores turnover
- To ensure latest evolutions are always applied to the benefit of the organization e
- G
- Alternate tax regime u/s 115BA vis-à-vis normal tax computation consider MAT and other benefits, application of treaty rates (MAP) for withholding taxes, resolution of disputes through APA (5 years subsequently with 4 years rollback facility)
- Self-Assessments u/s 140A, response against intimation u/s 143(1), Scrutiny Assessments u/s 143(3), resolving issues with communication through National Faceless Assessments Centre, assessments u/s 144 144B, references to DRP (144C), reassessments u/s 147/148A, correspondence in respect to rectification of mistakes u/s 154, appeal to ITAT against revision order u/s 263, Review Application before Commissioner u/s 264, Tax Audit u/s 44AB & ICDS
- Synchronized divisional priorities with active participation in business decisions on tax issues
- Oversaw a wide gamut of tasks involved in indirect tax entailing making payments, filing returns, audit, finalizing indirect tax-GST assessments/appeals, statutory forms & other necessary permits under old regime
- Provided advisory services & guidance on all matters related to taxation, thus ensuring statutory compliance with laws & procedures through regular reviews and feedback at the unit and regional levels
- Skillfully charted out roadmaps for the GST Implementation, encompassing seamless integration between cross-functional departments
- Diligently, appeared before various Central Excise and Sales Tax Authorities relating to adjudication proceedings and other various issues of the company
- Also, took care of International Taxation and Transfer Pricing functions
- Applauded & awarded for upholding the Charter Value through excellence for willingness to take accountability for business and commitment to deliver outstanding results during 2020
- Technically savvy with implementation and imigration of S/4 HANA from SAP R/3 along with automation of GST Compliances and GST Registers, Reports, Corporate Tax Provisioning & Compliances, Transfer Pricing True-Ups, and Benchmarking
- Holds the distinction of completing the Transfer Pricing Assessments; fetched favorable orders involving Management Cross Charges and Royalty for 5 years (amount involved more than INR 50 crores disputed tax exposures), conversant with APA, Safe Harbor, BEPS-OECD Guidelines -Master File, Local File, CBCR, Benchmarking
- Conducted FAR analysis in collaboration with PwC
- Checking activities to ensure whether GAAR and Thin-Capitalisation, Significant Economic Presence, Primary and Secondary Adjustments are applicable for strategic decisions in AEs related activities
- Slashed down differential sales tax exposure to the extent of INR 110 crores; secured a refund of INR 25 crores from the Income Tax Authority and Commercial Taxes
- Valued contributor in settling down the old legacy issues on Central Excise through SVLDRS Scheme in 2020; closed more than 30 central excise cases having exposure of more than INR 75 million
- Successful in rolling out MIS Reporting & Consolidation in the Indirect Tax Discipline viz
- Centralization of indirect tax litigations in corporate for five different business segments consisting of 220 indirect taxes cases in PAN India during 2015
- Dexterously got clearance from the Customs Authority regarding the SVB method for importing raw materials into India
- Pivotal in effectuating the GST & Standard Operating Practices Guidelines
Indirect Taxes Kesoram Industries Ltd
Lead
03.2014 - 04.2015
Job overview
- Monitored full spectrum of sales tax functions covering 5 Production Units, 730 Depots, 27 States of Business Presence, and INR 5200 crores Turnovers – PAN India
- Single Point of Contact; liaised regarding the indirect taxes, issues-sales taxes between regions as well as units between Cross-functional Departments & HOD
- Created relevant tax documents for the top management of the company
- Assisted the Tax Planning & Support Team in respect of any potential restructuring and the impact on reporting and compliance
- Filed returns in terms of Central Excise, Service Tax & Sales Tax; additionally, implemented Standard Operating Practices Guidelines pertaining to Indirect Tax Management PAN India Basis
- Brought down differential sales tax exposure to the extent of INR 16 crores; secured a refund of INR 56 lakhs from the Telangana Commercial Tax Authority
Linde India Ltd
Manager
12.2008 - 02.2014
Job overview
- Exerted sphere of excellence in steering central excise including Return Filling, Cenvat Credit, PLA Statements, RG Registers, Daily Stocks and Dispute Resolutions with Range & Divisions, Excise Audit, Depot Transactions as well as Stock Transfers
- Dexterously led all Export Formalities; exported to SEZ/EOU/Nepal & Bhutan/Direct Export/LUT/CT-1 & CT-3/ARE-1 & ARE-3/Self-Sealing Procedures
- Appeared in PH at Commissionerate Level, thereby, liaising with Advocates & Senior Counsel members at Tribunal & High Court Level
- Performed the key role in:
- Managing Litigation and MIS Reporting Functions
- Rolling out MIS Reporting for the first time & consolidation in the Indirect Tax Discipline in the year 2012
- Instrumental in reducing exposure of liabilities in sales tax in Jamshedpur from INR 18.40 crores to INR 2.13 crores in a span of 2 year
- Stellar in resolving disputes for the cases pending with High Court & Commissioner Appeals for 1993
INOX AIR PRODUCTS LTD, SAIL BOKARO
Senior Executive
08.2008 - 12.2008
Job overview
- Applied functional skills in driving project capitalization of INR 350 crores ASU project & accounting, thereof
- Held accountable for Excise, Service Tax, Sales Tax Compliances and Registration thereof, liaison with the Govt
- Departments
- Leveraged holistic understanding in resolving the disputed areas, litigation, appeals, assessment procedures & hearings, interpretation of acts & rules in the light of Judicial Ruling & Case laws before Central Excise Departments, E-jusdem Generis, Literal Rule, and Commercial Parlance
- Actively involved in Billing & Accounting Part viz
- Debtors & Creditors Analysis – Ageing, Receipts & Payments and Invoicing
Praxair
Accounts Executive - Deputy Regional Finance Controller
11.2006 - 08.2008
Goyal M G Gases Pvt. Ltd
Accountant
02.2004 - 10.2006
SAP, ECC
Team Member
01.2001 - 01.2006
Job overview
- Distinction of being nominated as a, Model Implementation - Country India Version
- Successful in streamlining and adhering to strict compliance with excise formalities; moreover, won the dispute and obtained the favorable order from Commissioner Appeals through the pursuance of PH
- Awarded with Managing Director’s Special Recognition as Best Teamwork in the Year 2011 and ‘Thriving Through Diversity’ as Team Members Award in 2013
- Recipient of Best Finance Personnel Award in the year 2009
Eastern Anticorrosive Ltd
Accountant
07.2003 - 01.1999
Education
IIM
Applied Financial Risk Management Course
01.2023
Inter |Institute of Chartered Accountants of India
Chartered Accountancy
01.2002
Goenka College of Commerce & Business Administration
Bachelor of Commerce (Honors)
01.1998
Grant Thornton
IFRS & IND AS Training
Skills
- SKILL SET
- Taxation (Direct & Indirect / International)
- Transfer Pricing
- Litigation Management
- GST and VAT Monitoring
- SAP Implementation
- Business Partnering
- System Development
- Statutory Compliances
- Due Diligence
- Cases Settlements & Refunds
- Process Standardization
- SOPs Development
- Time Management
- Analytical Skills
- Cross-functional Collaboration
- Nationality:
- Indian
- Passport Details: R0456129
Affiliations
GST Refund by TAXMANN, April 2023
Workshop on "Managing Self" titled "Be Effective Every Time" by Mr. Anand Lobo of Epignosis, Sep 2011
Course in "Interpersonal Communication Skills & Effective Presentation Skills" conducted by the British Council, 2010
Budget Seminars
PwC Global Tax Seminar
Languages
Timeline
General Manager
Holding, RSM Astute Consultech
03.2023 - Current
Tax Manager
India Indian Explosives Pvt. Ltd
04.2015 - 11.2022
Lead
Indirect Taxes Kesoram Industries Ltd
03.2014 - 04.2015
Manager
Linde India Ltd
12.2008 - 02.2014
Senior Executive
INOX AIR PRODUCTS LTD, SAIL BOKARO
08.2008 - 12.2008
Accounts Executive - Deputy Regional Finance Controller
Praxair
11.2006 - 08.2008
Accountant
Goyal M G Gases Pvt. Ltd
02.2004 - 10.2006
Accountant
Eastern Anticorrosive Ltd
07.2003 - 01.1999
Team Member
SAP, ECC
01.2001 - 01.2006
IIM
Applied Financial Risk Management Course
Inter |Institute of Chartered Accountants of India
Chartered Accountancy
Goenka College of Commerce & Business Administration
Bachelor of Commerce (Honors)
Grant Thornton
IFRS & IND AS Training
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