Achievements to Credit

During Employment:
  • The then Modvat (now Cenvat credit) scheme was introduced by me in BHPV Ltd., Visakhapatnam in the year 1990 when working as an Industrial Trainee and this benefit crossed more than Rs.530 crores during the first year itself after the scheme was put into place.
  • Income tax set-off benefit of around Rs.20 lacs in the year 1997 during employment.
  • Refund of around Rs.60 lacs under service tax during employment with NCC Ltd., Hyderabad.
  • VAT benefit of around Rs.2 crores under Maharashtra VAT Act during employment with NCC Ltd.,
During Practice as CA since the year 2009:
  • GST
    • Rs.1,100 crores relief under GST out of total proposed demand of Rs.1200 crores in SCN for one of the State PSUs in Andhra Pradesh.
    • Rs.4.12 crores relief under GST out of total demand proposed Rs.4.85 crores in SCN for a processing unit in Andhra Pradesh.
    • Rs.1.65 crores towards saving of Input Tax Credit by timely advising to our large industrial client.
    • Strategic planning at the time of drafting the contracts saved a huge amount of GST by way of availing concessional rate of tax to another large industrial client.
    • Successfully dealt with SCNs issued by GST authorities recently and got dropped penalty of Rs.1.50 crores u/s74.
    • Rs.1.10 crores benefit in ITC by introducing ITC mechanism and interpretation of provisions of RCM for a food processing unit.
    • GST Audits for FY 2017-18 & 2018-19 - Completed successfully under win-win situation for big groups consisting of 4 to 100 entities besides other medium sector enterprises.
  • ST/VAT
    • Rs.4 crores refund under Maharashtra VAT to one of the Largest client group at Hyderabad.
    • Rs.1.5 crores refund under Sikkim VAT.
    • Cenvat Credit benefit of Rs.95 lacs to one of the largest infra company.
    • Effective tax planning resulted into saving of Rs.1.50 crores under service tax to an infra company.
    • Representation at Commissioner level for a software company on a show cause notice and got dropped the demand around Rs.4 crores plus interest and penalties.
    • Refund of Rs.4.5 lacs under Cenvat Credit rules to a software company at appeal stage.
    • Rs.1.10 crores refund under APVAT assessment at Ananthpur, Andhra Pradesh.
    • Rs.2.50 crores benefit towards interest and penalty by getting admitted VCES application under service tax by representing against show cause notice of an infrastructure company.
    • Rs.3.80 lacs relief out of total demand of Rs.4.50 lacs under Service Tax in one of the cases at DGCEI, Mangalore.
    • Rs.2.50 crores got closed under service tax through SVLDR Scheme, 2019 by typical interpretation of Rules as per the Scheme.
 
     
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