Vidhi Chhatbar

· Handling 5 subsidiaries of Torrent Power Ltd renewable department independently.

• Financial Statement Preparation: Preparing consolidated financial statements in compliance with accounting standards (e.g., IND AS, IFRS).
• Month-End Close: Managing the month-end close process, including intercompany eliminations and consolidations.
• Financial Reporting: Generating monthly, quarterly, and annual financial reports for internal and external stakeholders.
• Compliance: Ensuring compliance with financial regulations and internal policies. Coordinating with auditors for financial audits.
• Variance Analysis: Conducting variance analysis to compare actual results with budgets and forecasts, and explaining discrepancies.
• Maintain and oversee daily accounting operations, including accounts payable, accounts receivable, general ledger, and bank reconciliations.
• Preparation of quarterly working of advance tax.
• Preparation of Tax audit and income tax return data and submission of the same to Tax Auditor of all 4 subsidiaries.
• Checking of TDS payable / GST payable of all 4 subsidiaries on monthly basis.
• Checking of TDS return i.e. 24Q & 26Q to be filed on quarterly basis.
• Monitor and manage cash flow, prepare cash flow forecasts for project companies.
• Co-ordinate and provide data as required by internal and external auditors as required for Statutory Audit, Internal Audit, Financial Control Audit, tax Audit and Transfer Pricing audit.
• Preparation of data required of Scrutiny assessment and Appeal to CIT(A)

Position Held

• Assistant Manager – finance

April, 2023 to November, 2023

• Sr. Executive – Finance

April, 2020 to March, 2023

• Executive -Finance

June, 2016 to March, 2020

WORK PROFILE IN BRIEF:

Direct Tax:

• Preparation and follow up for tax audit data requirement as per Form 3CD and filling tax audit report with Tax Auditor
• Preparation of data for transfer pricing report of the company for Form 3CEB
• Calculation of advance tax to be paid after taking providing various year end provision
• Preparation of data for income tax return and filing of the same
• Preparation of data for notice received from income tax department under scrutiny assessment with Assessing Officer and appeal to CIT(A).
• Online submission of replies of income tax scrutiny and appeals as per e assessment procedure
• Preparing submission with regards to inquiries of international taxation department for outward remittance of money in abroad
• Preparation of data for notices received u/s 133(6) for information related to transaction with suppliers / customers and submission of the same
• Preparation and Submission of replies to notices u/s 271(1)(C) / 270A for penalty proceedings against the Company issued by Assessing officer & CIT(A)
• To file response online on e-portal for outstanding demands of the Company
• To file response online on e-portal for 143(1)(a) issued by CPC
• Submission of various rectifications u/s 154 with income tax department in inward department and follow up with them.
• Preparation of data for form 61A (SFT) to be filed with it department
• Working of Dividend payable and TDS to be deducted on the same at year end.

Statutory Audit:

• Preparation & submission of data with respect to Direct Tax, Board Meetings, Committee Meetings & CSR to statutory Auditors.
• Preparation of Audited financial statements of the Company as per applicable IND-AS
• Follow up with respective departments for submission of data required by Statutory Auditors.

MIS reporting:

• Preparing & Reviewing Financial during the month end period & reporting of monthly financials to finance management, comparing actual to plan/Forecast/prior period to ensure correct month end, close and investigate unusual posting and rectification of same
• Grouping of each heads of profit & loss account on monthly basis for carrying out variance analysis of financial data for current as well as previous months & quarters
• Quarterly preparation Analytical Review of Financials (ARP) along with reasoning of each & every head of Balance sheet and Profit & loss account
• Quarterly comparison of financials with budgeted figures and analysis of variance
• Verifying incentives of Pharma Company on monthly basis i.e. Duty draw back and MEIS income. Whether income booked as per FOB value or not and reversal of incentives due to sales return in books of accounts.
• Monthly preparation of presentation for investors of the Company regarding monthly individual unit wise sales, average price realization of various products, projects in hand and statement of financial information along with analysis of the same.
• Calculation of depreciation as per Company Act, 2013
• Quarterly analysis of financials of Joint venture of the Company in Japan
• Preparation and filing of stock statement with Bank on monthly basis
• Submission of data as required for Credit ratings of the Company with ICRA

ROC work:

• Verification of Agenda & Minutes for Meetings of Directors and Committee meetings
• ROC Work related for AGM and Meetings of Directors and Committee meetings
• Preparing attendance register for meetings, maintaining register of contracts as per Companies Act,2013
• Co-ordination with Secretarial Auditor for various forms and data to be filed with MCA Department.
• Preparation of data required to file FLA (Foreign Asset & Liability) return with RBI.

Due Diligence:

• Preparation of data with respect to Direct Tax, Financial Statements, Restated Financial Statements, ROC with due diligence team for upcoming IPO of the Company.

• Preparing and filing of income tax & TDS return
• Statutory and Tax Audit of Private company, partnerships and proprietorship firm
• Accounting in Tally ERP 9, Tally 7.2
• Other certification related Works
• Service-tax calculation, payment and filing of return