Varsha Rathore

Statutory & Tax Audit :

• Ensured compliances of applicable accounting standards, tax laws and Companies Act, 2013.
• Assisted in valuation of inventory as per Ind- AS 2 & its verification thereof as per CARO, 2016.
• Assisted in capitalization & recognition of PPE & its depreciation thereof as per Ind-AS 16 read with schedule of Companies Act, 2013.
• Ensured revenue in recognized as per Ind-AS 115 & recognition of DTA & DTL as per Ind-AS 12.
• Applied analytical procedure such as ratio analysis, trend analysis & periodic comparativeon sale, purchase & major expenses to identify unusual deviation.
• Obtain balance confirmation from receivable, trade payable & banks as per SA-505.
• Verified related party transaction & loan to director & its relative as per section 185 & 186.

Expenditure Audit:

• Ensured accurate recording of all financial transactions in the accounts & allocating them to appropriate heads of accounts.
• Checked all the compliances related to funding from JICA.

GST Audit:

• Facilitated Assessee Registration and aided in GST returns filing (GSTR-1, 3B, 9, 9C) in line with GST Law.
• Reviewed and reversed GST input tax credit taken, reconciling books with GST returns.
• Provided advisory services & opinions on GST matters including Place of Supply, Time of Supply, exemptions, tax rates & classification.

Bank Audit:

• Verification and classification of advances, income recognition and provisions as per RBI norms.
• Interest calculation on various deposits, deduction of tax thereon.
• Audited locker operations.
• Ensured adherence to KYC norms in line with RBI guidelines.
• Conducted physical verification of cash in hand and cash in ATM.
• Checked letter of credit and letter of comfort.
• Verified Revenue Leakages.

Other Assignments:

• Successfully managed the tax campaign program of AU Bank named as AU Wealth Doctor in 24 Branches covering the states of Rajasthan, Gujarat, Punjab and Uttar Pradesh and provided Tax Consultancy.
• Provided Consultancy to Future Generali India Life Insurance Co. Ltd. in the form of Blogs Writing and Vetting on various topics covering Direct and Indirect Taxation.