CA qualified from Big 4 and APFA currently working as Head of Taxation at Pak Suzuki Motor Company Limited, a Japan based multinational public listed company having an annual turnover of over 100 billion rupees. The Company is engaged in the assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, 4x4s and motorcycles and related spare parts. Having job responsibilities of not only the overall supervision of all the Direct & Indirect taxation of the Company but also the accounts, audit and taxation of Company's PF, GF & WPPF. Remained involved as Process Owner during implementation of SAP in Pak Suzuki.
Currently working as Head of Tax Section in Pak Suzuki; a Japan based multinational public listed company having an annual turnover of over 100 billion rupees. The Company is engaged in the assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, 4x4s and motorcycles and related spare parts.
As head of tax section; key responsibilities include:
Preparing tax computation and E-filing of annual income tax return of Pak Suzuki, its holding company SMC – Japan, its PF & GF and incorporating the same in GL.
Supervising the e-filing of monthly federal and provincial sales tax returns and their accurate incorporation in GL.
Replying notices from FBR, SRB, PRA, KPRA, BRA & ICT.
Ensuring correct deduction and collection of Income tax and sales tax as withholding agent, paying them timely as per law and incorporating the same correctly in GL.
Ensuring correct deduction and collection of Income tax and sales tax by withholding agents, timely collection of CPRs or tax withholding certificates against these, archiving soft copies thereof, claiming these timely in relevant tax returns and incorporating the same correctly in GL.
Getting exemption for the Company from withholding u/s 148 & 153.
Coordinating with FBR for getting tax refunds.
Submission of quarterly advance tax u/s 147.
Preparing budget proposals to FBR & SRB.
Analyzing and quantifying the effects of budget changes on Pak Suzuki.
Arranging data for cases in Appeals, Appellate Tribunal and Court.
In addition to Tax, I am also responsible for the following functions of Finance Department:
Preparing the accounts of the Company’s WPPF and get it audited by external auditors and filing its tax return.
Preparing the accounts of the Company’s Provident Fund and get it audited by external auditors and filing its tax return.
Preparing the accounts of the Company’s Gratuity Fund and get it audited by external auditors and filing its tax return.
Worked as a Manager – Accounts in UDL which provides distribution services to various pharma and FMCGs (both national and multinational) through its nationwide network of 28 warehouses and a fleet of over 500 vehicles with the help of its state of the art ERP.
Key responsibilities include:
To prepare Principal-wise trading account on monthly basis after taking into account the Sales, Purchases and Closing Stock of each of the 15 principals
To prepare Principal reconciliation on monthly basis
To have a close coordination with IT team to describe the requirements of Accounts & Finance Department and to identify any correction or improvement needed in ERP reports.
To supervise the e-filing of Withholding Statements, Sales Tax Return – Federal & Provincial on monthly basis.
To prepare Income Tax working for the year and supervise the e-filing of the Income Tax Return
To prepare monthly management accounts and identify KPIs to the management
To act as an Audit Coordinator
To ensure the compliance of IFRSs, Corporate Law, Income Tax Law and Sales Tax law while checking the vouchers or preparing annual financial statements.
To check income tax and sales tax withholding on payment vouchers
To prepare working for payment to Principals on Net Investment basis
Worked as a Deputy Manager – Accounts in Huffaz, a large manufacturing company listed on Karachi and Lahore Stock Exchanges and involve in the manufacturing of seamless pipes for industrial usage. I was directly reportable to CFO for Tax matters and to the Manager Accounts for Accounting & Financial Reporting matters and had a staff of 5 under me.
Key responsibilities include:
• Preparation of monthly, quarterly and annual financial statements as per IFRSs and 4th schedule.
• Check crucial JVs on daily basis.
• Acting as an Audit Coordinator during annual audits and half yearly reviews.
• Preparing and posting reporting date JVs.
• Check monthly Sales Tax Returns and ensure its e-filing.
• Remained involved in implementation of inventory module and in modifications of GL module of an ERP.
• Steering ERP (GL Module & FA Module) implementation acquired from Sidat Hyder
• Reviewing process costing sheets on monthly basis.
• Coordination with SECP and FBR.
• Ensuring compliance of IFRSs, Companies Ordinance, Code of Corporate Governance, Listing Regulations and Income Tax Ordinance while approving vouchers.
Worked for one year as “Finance Manager” in ATS, an aircraft engineering institute and the only authorized training provider of B1 and B2 from UK-Edexcel.
Key responsibilities include:
• Designing of Standard Operating procedures and Accounting manual
• Implementing new software for Accounts perform data conversion thereon from manual records.
• Having close coordination with bank
• Preparing MIS reports of Revenue and Funds available for Director Finance
• Preparing payroll sheets and disbursement of salaries
Worked for 5 years with Yousuf Adil, a member firm of Deloittein the External Audits department. The firm is one of the big four and offers not only auditing services but also tax, internal audit and financial advisory services.
My key responsibilities as an Audit Senior include:
• Planning, execution and review of audits and assignments
• Managing field staff and train them for the verification of different account heads
• Finalization of jobs
• Preparation of disclosures as per the requirements of IFRSs and local laws
• Preparation of cover letter and management letter
• Having close coordination with the team, client and the firm.
During my tenure in Deloitte, I have been involved in various statutory audits, limited review engagements and other special assignments of a diverse portfolio of clients. Corporate clients that have contributed to my professional growth include the following:
Financial Institutions
• House Building Finance Corporation Limited
• First Imrooz Modarabah
• AKD Index Tracker Fund
• AKD Opportunity Fund
Textile Industry
• Gadoon Textile Mills Limited
• Siddiqsons Denim Mills Limited
• Shahtaj Textile Mills Limited (A listed company)
• Ali Asgher Textile Mills Limited (A listed company)
FMCGs
• Shan Foods (Private) Limited
• Youngs’ Food (Private) Limited
Logistics sector
• UPS
Leather sector
• Universal Leather (Private) Limited
IT sector
• System Innovation (Private) Limited
Telecom sector
• CallmateTellips Limited (A listed company – Perform special assignment of developing Fixed Assets register)
Cement sector
• Adamjee Cement Limited (A listed company – Perform special assignment of verifying sales)
Service Industry
• National Bank of Pakistan Staff Welfare Fund
• Reflections School
I have worked under his supervision. He has a wast knowledge of accounting and he is a good supportive manager and can be a very good addition in any organization.