Consultant
ZS Chartered Accountants
Total years of experience :11 years, 4 Months
• Compliance and accounting of VAT liabilities relating to the client operations.
• Managing VAT implementation strategies, executing VAT compliance, planning and internal procedures.
• Preparing, validating and submitting all required VAT returns, supporting schedules and any documentation/responses as may be required by the Federal Tax Authority.
• Implementation of VAT principles, policies and processes to ensure completion and compilation of VAT mechanism for clients.
• Acting as the single point of contact for all VAT-related activities and providing periodic training and mentorship to clients concerning VAT implementation, documentation and compliance.
• Keeping abreast of all VAT-related laws and rules.
• Determining the VAT compliance implications associated with various business initiatives/proposals.
• Ensuring compliance of VAT data collection, review, consolidation, preparation and payment of quarterly VAT liability.
• Preparing and submitting to the management monthly reports on the VAT activities of the clients.
• Detection and evaluation of risks as well as opportunities regarding respective tax issues.
• Ensuring the completeness of assignments and compliance of budgets as well as prevention of budget overruns.
• Prepares for audit by researching materials; formulating a plan of action.
• Ensures compliance with regulations and controls by examining and analysing records, reports, operating practices, and documentation; recommending opportunities to strengthen the internal control structure.
• Completes audit work papers and memorandums by documenting audit tests and findings.
• Communicates audit progress and findings by preparing reports; providing information in meetings.
• Provides management reports by collecting, analyzing, and summarizing management information.
• Enhances compliance department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
Industries: Manufacturing, Contracting, Trading & Services
Responsibilities Includes:
• Preparation of AS IS Study Document.
• Prepared Functional Design Document
• Mapping of complete Manufacturing Business flow.
• Verified Master data prepared by client and
uploaded at Test environment
• Application configuration/setup for Oracle
Applications (ODM, GL, AP)
• Assist User in UAT and resolved UAT queries.
• Collaboration with technical team for report
development.
• Timely updating seniors with project progress.
• Raising SR (Service Request) with oracle for different
issues and following up till resolution
• Production Instance Setup
• Support After Go Live
• Tax setup for legal entity in EBS
• Setting tax rule for third parties for specific tax
regime and tax recovery rates for VAT Projects
• EBS Implementation of ODM Textile Industry
• EBS Upgrade Textile & Contracting Industry
• Trading Industry Support after Go Live.
Responsibilities include:
•Responsible to receive invoices from concern
department, review as per Standard Operation
Procedures and report Deficiencies within decided
timeline
•Managed the accurate and timely processing of high
volume of transitions for large, multi-site organizations
•Assessed and closed A/P sub-ledger on a monthly
basis, validated content and resolved various issues
•Responsible to process all invoices like Purchases,
Renovation, Advertisement, Procurement of
Supplies/Services etc. in accounts payable module
•Match invoices with purchase orders, requisitions,
quotations and comparative statements where
Applicable and evidence of receipt of goods or services
•Facilitated "no-fault" internal and external audits as a
result of sound record-keeping and thorough
documentation
•Instituted thorough cross-checking of pack-lists,
receivers and invoices that halted a previous history of
thousands of rupees in over-payments to suppliers
•Consistently maintained accuracy in calculating figures
and amounts such as discounts, interest, commissions,
proportions and percentages
•Ensure compliance of tax withholding rules/SRO
directed by tax authorities at the time of payment to
suppliers
•Made co-ordination with sourcing department and
vendors, bridging the gap between all stakeholders
•Prepare Due Payment List fortnightly and forward to
treasury department for timely execution of payments
as per payment terms
•Responsible to close monthly books of accounts (A/P
and GL) within given deadline
I have BSc Hons from Oxford Brookes University
ACCA Founded in 1904, the Association of Chartered Certified Accountants is the global professional accounting body offering the Chartered Certified Accountant qualification.
