MIS and Reporting workMIS and reporting 28th 3rd/4th of the month.CBE finalization on the monthly basis.Guidance on entries like transfer of assets, capitalization of assets.Understanding on IND AS provision, Inventory reconciliation, reconciling the lifetime PAT to ensure accuracy of financials.Review of PL and BS for all projectsFinancials finalizations and audit coordination.Income TaxActively involved in the South Zone deals due diligences and evaluation. Since recent past, 3-5 deals are ongoing at any point of time.Annual income tax returns with computations and basis of preparation for 12+ entities on various dates 31 July, 30 September. This year onwards November returns are not applicable since no TP transactions.Litigation Representation:Ongoing assessment proceedings and appellate stage representations notices are received from department on frequent basis and therefore we have ongoing representations to be made to authority at various stages. Separately, there are rectification proceedings ongoing where we disagree with TDS short credit/ other adjustments made by the auditor. Also, 133(6) notices are received and replied to as and when they are served.Annual Tax Audit Compliance of 5-6 entities and ensuring timely filing of the sameAnnual RBI FLA returns and Direct Tax Form 61A filings with tax departmentAdvance tax computations for all the quarters. More emphasis in March where workings are computed twice (on 15th and 30th). Self-Assessment tax workings in April following the year end to discharge majority tax.Monthly TDS/ TCS compliances (194-IA and others) and Quarterly TDS/ TCS return filing. TDS expense Reco review and Form 26AS reviews at frequent intervals.Automation process we have tax litigation tracker automation ongoing since a long time (2022). However, from June end 2024, we are finally incorporating BDO provided litigation tracker tool pan GPL wise. Required tasks till July 31st are over and we have begun upload of data on the BDO portal in production stage.Ongoing TDS and other tax query managementForm 26QB correction requests and other assistance to CRM team on need basisTDS defaults corrections wherever applicableGSTReconciliation of Tax GLs on monthly basis - Output and Input GLsProviding monthly data to statutory auditors along with the reconciliation of GLsMaintaining Litigation Tracker - Contingent Liability on monthly basis for reporting to the auditors as well as managementReply to notices such as Form ADT01, ASMT10, DRC01A, DRC01B, DRC01C, SCN, DRC13, clarifications, endorsement notices for the GST CasesReply to the SCN notices, VAT and service tax refunds for the earlier regime casesReply to the investigations, DGGI and other departmental submissionRegular meeting with the GST officers for the closure of notices issued to the companyReview of new land deals from the indirect taxes point of view and ensuring the necessary clauses are captured in the deal to safeguard the company on Section 81 like review of financials of Landowner, obtaining the CA certificate and submitting the Section 81 letters along with the reminder letters to the GST DepartmentTreasuryRERA AuditMonitoring data to HO for CMA Report & Credit Rating AnalysisMonitoring Account Opening for New projectsMonitoring of BD Fund ArrangementsLEI Certificate Renewal for SZ entitiesMonitoring RERA Limit Summary & Evaluating between Old & New methodsArranging loan for LLPs from external/internal sourceDaily Monitoring of Funds
