Prudhvi Kommareddy

• Assisting in Implementing VAT in Russia, South Africa, UAE and Thailand VAT in the systems by coordinating with various departments in the organization and setting up a payment system for paying the current and past taxes.
• Paying the past taxes due to the late registration of TCS in India and setting up a recovery system for collecting the past taxes from properties in India.
• Handling the notices from the Tax authorities in respect of the past taxes.
• Handling the queries from properties in respect of various taxes and delegating the work to the partner relations team by educating them about the taxes in each country and creating a SharePoint for the monthly filings in desired template to help them answer the questions raised by the partners directly.
• Implementation of the GST rate change in Singapore by making the systems ready for the effective date and effectively communicating to the partners regarding the GST rate change.
• Implementation of the GST rate change for accommodations in India within 18 days (as the government has taken decision in GST council and decided to implement the rate within 18 days).
• Monthly and Quarterly VAT/GST compliance of India, Malaysia, Singapore, Thailand, UAE, South Korea, South Africa, Australia, Mexico and Russia and also ensuring timely payment of taxes by engaging third parties in case of delay in direct payment from treasury.
• Started outsourcing the VAT compliance to third parties as we intend to register in new countries and therefore, we can use the extra capacity for registering in new countries.
• Setting up a process for managing the tax on inventory supply to third parties.
• Reviewing the vendor contracts and suggesting the changes to be made in the contracts to be in line with the tax laws in that country.
• Major project of analyzing the Singapore GST return and tying up the numbers with Trial balance and identifying the gaps in between the same.
• Setting up a recovery system for Overpaid TCS (remitted and filed more TCS than collected due to a bug in the reports) from the partners as GST returns cannot be revised in India.
• Providing the Monthly provisions and reconciliation between the returns and General ledger to the accounting team.

· Indian Geography

o Preparation and Filing of GST returns monthly and analysis of Input and output,RCM and other supplies.

o Prepeartion and filing of Annual GST return filing.

o Applying for GST Refund under Rule 89 of CGST Rules and necessary followup,escalations and communication with the department and was successful in getting refunds of approx. 2mn$ USD.

o Intitiating projects for claiming refund of GST on capital goods and TRAN 1 balance.

o Initiating and completing projects for implementing new reforms in GST like e-invocing.

o Drafting and filing Appeal for the amount rejected in the GST refund orders.

o Liasioning with the statutory auditors and supplying necessary information for closure of audit.

o Reconciliation of Tax ledgers.

o Advising to AP team and other teams on compliance required for customers and vendors dealing with the company

o Timely reconciliation of Input tax credit with GSTR 2A and advising AP team to stop payments in case of default by the vendor.

o Replying to Department and IB notices for GST details and TRAN 1 details.

o Filing of replies and Appeals for the matters pending in Service tax regime.

o Filing of appeal for the matters pending in VAT.

o Overview of all SEZ/STPI compliances montly and annualy and aligning the requirements of GST and STPI compliances for reducing litigation during GST refund.

· Other Geographies

o Preparation and filing of Indirect tax returns for the companies established in Dubai, Singapore, US, UK, Australia,Korea, Japan, Canada and Germany.

o Researching and advising when an opinion is sought from other supporting teams.

o Researching on the ways to get benefit to the organization by the change in procedure and Implementing the same.

o Implementation of the respective indirect taxes in ERP and organization in case of new geography.

o Consulation with the consulatants for smooth compliance and taking benefits specified by the respective region tax authorities(for eg:COVID 19 reliefs).

o Applying for refund for VAT incurred in EU countries by UK company under EU VAT Directive.

o Direct tax and Withholding tax compliance for Singapore Based company.

o Liasioning with the statutory auditors and supplying necessary information for closure of audit.

Reconciliation of Tax ledgers

• Handling Assessments, Tax Planning and Tax Filings.
• Handling Service tax and GST Registrations and Service Tax Audits and Return Filing of Various Countries.
• Statutory Audit of an Indian Subsidiary of a renowned Japanese Consulting Engineer company
• Audit of Head Office Expenses and Risk Analysis for the projects in India.

• Handling Tax Filings.
• Handling Various Service tax Assessments of Domestic and International Companies.
• Was Involved in VCES Scheme under Service Tax for a Foreign Company
• Was Involved in the Preparation of Tax Audit Reports