SUMIT SHARMA

• Maintain the accounts ledger in Tally.
• Looking at daily transactions.
• Manage operation activities at the Bonded Warehouse.
• customs formalities
• Monthly GST Filing
• Prepare data for audit.
• TDS return filing.
• Relationship with clients.
• Supervision of all staff.
• business development
• 
  

Daily

• Invoice and vendor compliance checks: Review all vendor invoices for accuracy and correct applicability of TDS and GST. Check vendor GST numbers, TDS rates, and ensure all mandatory details are present.
• Generate and track e-way bills: Create and manage e-way bills for the transport of goods, as required by GST laws.
• Process invoices with GST and TDS: Accurately book invoices in accounting software like Tally, ensuring correct GST input tax credit (ITC) is captured and TDS is deducted where applicable.
• Maintain tax records: Keep all invoices, payment vouchers, and other supporting documentation organized and updated for future reference and audits.

Monthly

• Reconcile GST records: Compare the company's GST ledgers with data auto-populated on the GST portal (GSTR-2A/2B). Investigate and resolve discrepancies in input tax credit (ITC) claims with suppliers.
• File GSTR-1: Prepare and submit the statement of outward supplies by the 11th of the following month.
• File GSTR-3B and make payment: File the summary return and remit the GST liability by the 20th of the following month.
• Reconcile TDS and GST accounts: Ensure that the electronic cash and credit ledger balances on the GST portal match the company's books.
• Deposit monthly TDS: Remit the TDS deducted from vendor payments to the government by the 7th of the following month.

Quarterly

• Reconcile and file TDS returns: Prepare and file quarterly TDS returns (Form 24Q, 26Q, 27Q, etc.) via the TRACES portal.
• Check TDS compliance: Verify that TDS has been deducted at the correct rates and that vendor PANs are valid. Address any defaults found on the TRACES website.
• Issue TDS certificates (Form 16/16A): Distribute TDS certificates to vendors and employees after filing quarterly returns.
• Provide management reports: Present management with reports detailing GST payments, input tax credit position, and TDS deducted and paid.

Annually

• File annual GST returns (GSTR-9): For companies with a turnover above a certain limit, file the consolidated annual return by December 31st.
• Complete GST audit and report (GSTR-9C): For companies with a turnover above a higher threshold, reconcile GSTR-9 with the audited financial statements.
• Reconcile TDS accounts: Perform a final annual reconciliation of TDS receivables with Form 26AS to ensure all deductions have been correctly accounted for.
• Coordinate with auditors: Assist and provide documentation to internal and statutory auditors for both GST and TDS audits.