Muhammad Imran CA(F), FPFA

Experience

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  RSM International

  Jul 2011 - Apr 2015

  Supervisor Audit & Assurance, and Taxation

  Being Senior Audit & Tax Associate, i have gained valuable experience regarding Audit , Accounts and Corporate Compliance specially related to Income tax, Corporate Laws, International Accounting and Financial reporting Standards (IFRS & IAS). >> Key highlights of Audit & Assurance experience:•Managing, planning, reviewing and executing financial audits of various manufacturing, financial institutions and service concerns.•Extensive application of financial reporting framework including International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) and preparation of financial statements in compliance therewith.•Verifying compliance with various laws and regulations including Companies Ordinance, Income Tax Ordinance, Code of Corporate Governance and relevant labor laws.•Evaluation of financial information produced by an organization.•Analyzed the system of internal controls both manual and computerized of numerous clients.•Supervising and monitoring the preparation of books of accounts and review of books maintained by the clients on periodic basis.>> Key highlights of Taxation experience (Two Years):•Preparation & filing of annual income tax returns of various corporate & individual clients.•Preparation of withholding tax and wealth reconciliations for assessments notices under various sections i.e, Amended assessment u/s 122, Withholding income tax reconciliation under rule (44 ), Total Audit 177 etc.•Reply of notices include filing of rectification applications u/s 221 of I.T.O. 2001.•Assist in preparation and finalization of appeal documents for filing to Commissioner (Appeals) & Income Tax Appellate Tribunal (ITAT).•Filing Application for NTN & Sales Tax Number.•Obtain Exemption certificates under various sections of income tax ordinance, 2001 (the Ordinance). •Preparation & filing of withholding tax statements & monthly sales tax returns. Show less

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  Jamshoro Joint Venture Limited ( Pakistan’s largest private-sector Natural gas processor.)

  Apr 2015 - Nov 2017

  Dy. Manager Finance

  Roles and Responsibilities:• Supervising the accounting cycle, book keeping, day to day transactions and their reconciliations including cash book and bank reconciliations.• Monitoring and ensuring compliance with International Financial Reporting Standards (IFRS) and treatments in financial statements • Preparation of Executive summary, monthly accounts, comparison analysis of sales and income tax liability status on monthly basis for presentation to Finance executives.• Communication and dealing with consultants, auditors and management of compliance matters.• Pre and post analysis of finance bills and preparation of executive note for review of Director Finance for taxation strategy.• Filing of annual income tax returns and preparation of withholding tax workings and reconciliations for assessments by FBR.• Tax audit working and reconciliation under Rule 44(4) of the Income Tax Ordinance, 2001.• Preparation of monthly and annual sales tax returns under Sales Tax Act, 1990.• Application of Provincial taxes (Punjab Sales Tax on Services & Sindh Sales Tax on Services) and compliance issues.• Preparation of replies of Assessment Notices.• Filing of monthly withholding tax statements u/s 149 & 165 of Income Tax.• Responsible for other income & sales tax compliance matters. Show less

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  Euro Oil Pakistan

  Nov 2017 - May 2018

  > Preparation of daily monitoring report which includes comprehensive product wise summary of each type of stock, party wise receivable and payable balances, bank balances, day book and invoice wise profit margins on each transaction for review of Chief Executive Office (CEO) and Chief Operating Officer (COO).> Overseeing complete retail cycle including product delivery, customers invoicing, application of GST etc.> Overseeing project of Depot construction and reviewing the agreements with constructors including billing, withholding, mobilization advance adjustments etc.> Preparation of documents alongwith projections for renewal of credit facility from various banks> Preparation of documents related to imports including Liaison with bank for import related matters including EIF, EEF, GD's, custom clearance, LC's, TT's, DP's etc> Tax and corporate compliance matters including tax audits, assessments u/s 122 and 161 and various other routine matters.> Liaison with the auditors and consultants. Show less Role and Responsibilities: • Accounts and financial management, development of chart of accounts and SOP's for accounting and finance department including cash management.• Supervising accounts receivable & payable cycle of retail section with coordination of operation department and charge ability of sales tax Ad Valorem in sales tax invoice to customers in respect of High speed diesel (HSD), Lubricants, Furnace and other petroleum products.• Preparation of Executive summary, monthly accounts and comparative analysis of sales .• Monitoring and ensuring compliance with International Financial Reporting Standards (IFRS), ensuring the efficiency of transaction recording and smooth operations of accounting cycle.• Communication and dealing with consultants, auditors and management of compliance matters.• Responsible for compliance matters including Income Tax, Sales Tax, Provincial sales tax on services (Punjab, Sindh, KPK, Balochistan and ICT), and Companies Act 2017.• Preparation & filing of annual income tax returns, withholding tax workings and reconciliations for assessments by FBR.• Tax audit working and reconciliation under Rule 44(4) of the Income Tax Ordinance, 2001.• Preparation of monthly and annual sales tax returns under Sales Tax Act, 1990.• Filing of monthly withholding tax statements u/s 149 & 165 of Income Tax. Show less

  • Manager Finance and Accounts

    Mar 2018 - May 2018

  • Assistant Manager Accounts and Taxation

    Nov 2017 - Feb 2018
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  Federal Board of Revenue

  May 2018 - now

  OFFICER IR