Ajoy Kumar Bhowmik ITP

Experience

• 

  Transcom Limited

  Jan 2009 - Jun 2014

  • Managed all types of VAT related activities, ensuring compliance with regulatory requirements.• Achieved significant VAT savings by strategic planning & implementation of cost-saving measures.• Conducted audits for Customs, VAT, & Income Tax, ensuring accuracy & compliance with legal standards, completed 03 audits conducted by the VAT Commissionerate.• Achieved a remarkable 14.76% savings through central registration processes, optimizing tax liabilities and enhancing financial efficiency. Show less

  • VAT Officer

    Jan 2012 - Jun 2014

  • Assistant Officer (Account & Finance)

    Jan 2009 - Dec 2011
• 

  ACI Limited

  Jun 2014 - Jun 2017

  Executive
• 

  ACI Limited

  Jan 2018 - now

  • Ensuring accuracy and correction of all VAT records before submission.• Timely submission of VAT returns and preparation of monthly VAT Deduction at Source statements.• Managing Co-efficient Declaration (Musak-4.3) and advising on VAT compliance adjustments.• Maintaining adherence to VAT Act & Rules, liaising with VAT circles, & commissionerate offices.• Monitoring day-to-day VAT activities, ensuring 100% rebate and compliance with VAT laws.• Providing suggestions to VAT personnel for maintaining proper procedures.• Coordinating VAT activities across departments and stakeholders.• Generating reports on VAT records and supporting decision-making processes.• Conducting regular reconciliations between VAT base prices, invoices, and VAT Challans.• Ensuring accuracy between Commercial, RM statements, and VAT Current Account.• Conducting internal audits on all VAT points, improving VAT issues, & also managing external audits.• Maintaining communication with ARO, RO, and Divisional Head for legislative issues.• Attending hearings in Divisional Offices, VAT Commissionerates, and Appeal Tribunals.Achievement:• Led 12 successful audits, ensuring financial record compliance.• Facilitated effective communication with the National Board of Revenue (NBR).• Developed software solutions for enhanced efficiency, resulting in time and cost savings.• Implemented VAT Automation software, enhancing productivity.• Managed VAT operations for six companies, including ACI Limited and ACI Formulation under LTU.• Achieved a 70% reduction in time through software solutions.• Proficient in Excel, reporting, and Power BI implementation.• Introduced Dynamic 9.1 – VAT Return format, improving reporting consistency.• Realized a 13% cost savings through Central Registration processes.• Completed 8 audits by VAT Intelligence & Investigation Department, LTU, & VAT Commissionerate, ensuring regulatory adherence and improvement identification. Show less

  • Asst. Manager, Value Added Tax

    Jan 2020 - now

  • Senior Executive

    Jan 2018 - Dec 2020