CA Sumit Jha

Experience

• 

  HS AHUJA & COMPANY

  Apr 2019 - Jun 2022

  Article Assistant

  Statutory Audit• Led a team of 4 members for statutory audits, tax audits, and limited reviews of financial statements of large corporate clients and non-corporate clients.• Ensuring compliance with TDS, Indian GAAP, and Indian Accounting Standards (Ind AS) and auditing standards as applicable.• Verification of depreciation as per relevant accounting standards and as per schedule II of the Companies act, 2013.• Scrutiny of Ledgers, Debtors, and creditors Reconciliation, Verification of BRS and Bank/cash balances.• Planning and executing various statutory audit procedures including vouching income and expenses items, obtaining Debtors, Creditors, and Bank Balance confirmation.Taxation• Core team member - developed standard operating procedures for the firm for GST Audits.• Handled various GST assignments relating to the preparation of GSTR-9C of the company. Resolved a problem of the client to make timely payment of creditors within a specified period which result in saving(non-reversal) of ITC and also saved the client from interest penalty.• Delivered various computations of firm and company to calculate tax for the relevant assessment year.• Handled various ITRs relates to the individuals (ITR-1) for a salaried employee, ITR 5 for LLPs or Partnership firms, or ITR 6 for companies.Miscellaneous• Preparation of Books of Accounts & Financial Statements as per AS & Schedule III including cash flows of Corporate Entities and non-corporate entities.• Preparation of Financial statement of School, Educational Trust along with notes to accounts.• Preparation of Project Report of the company to get a loan from Banks. Show less