2. ARVIND GURUPRASAD. R(14AA06)@TIDC INDIA, CHENNAI
AVP - Finance
DGM – Management
Accounting
AGM – Financial
Accounting
Manager-
Management
Accounting
Manager-Costing
Financial Officer-
Payables
Financial Officer-
Receivables
Senior Manager -
Taxation
MIS
Cap ex
Insurance
Product costing
Payable process
Logistics bills
TDS
Debtors
Sales Tax
Excise Duty
Service Tax
Tax claim
LEARNING & OBSERVATIONS FROM THE EXECUTIVES.
HIERARCHY (PARTIAL) OF THE ORGANISATION – FINANCE DEPARTMENT
Officer-Excise Duty Officer - Taxation
3. KEY LEARNING @ TIDC, CHENNAI.
ARVIND GURUPRASAD. R(14AA06)@TIDC INDIA, CHENNAI
Dash Board includes
•Sales volume
•Sales Value
•Ratio Analysis
•Key Performance
•Action Plan
•EBITDA
Internal Requirement
Variance Analysis
Variance =Standard Norms-Actual Norms
Volume variance = (AQ-SQ)*SP
Price variance = (AP-SP)*AQ
Mix Variance = Actual – Flex
Quantity = Flex-Budget
If the value of the Asset is less than 10
lakhs
Budgeted - Justification is optional
Unbudgeted – Justification is
compulsory
If the value of the Asset is more than 10
lakhs –financial evaluation is done
Fire policy
Earthquake Policy
Marine Policy
Machine breakup policy
Contractor Machinery policy
Vehicle policy
Product liability
Industrial risk
Raw materials (A) xxx
Process (B) xxx
Assembling (C) xxx
Process Scrap (A+B+C)*2% xxx
-----
Total cost of
Production xxx
+ Overhead cost xxx
-----
Total cost xxx
(+)Profit margin xxx
-----
Cost of sales xxx
-----
FOR EVERY MONTH
ER 1-Production Details
ER 6-Production Clearance
FOR EVERY FINANCIAL YEAR
ER 5-Production Yield
ER 7-Production Capacity
ON 30 TH NOVEMBER EVERY YEAR
ER 4 –Financial Information
RG23A-CENVAT Inputs
100% Credit
RG23C-Capital Goods
50% Credit
Service Tax-For service rendered
100% Credit
4. ARVIND GURUPRASAD. R(14AA06)@TIDC INDIA, CHENNAI
Outward Freight Module
• Rate Master
• Form Entry Screen
• Bills Verification
• Approval Table
Freight Charges =Weight of the
consignment * price of the goods
Customer Reconciliation
Outstanding expenses
Credit note
Debit Note
FILING OF SALES TAX using
Annexure 1 - VAT purchase Details
Annexure1A - CST & stock transfer Details
Annexure2 - VAT /CST Sales
Annexure 3 - Purchase Returns
Annexure 4 - Import/Export
Annexure 5 - VAT credit details
CST FORMS
Forms issued by the suppliers are as follows
C forms – for purchase of the components
F forms – Stock transfer
H forms - Exports
VAT
Capital Goods – 5%
Industrial Goods – 14.5%
With C forms - 2% CST
Without C forms – 14.5% CST
194 C - Sub contract(2%)
194 H – Commission & Brokerage(10%)
194 I -Technical & professional(10 %& 2%)
194 J -Rent(10%)
My Contribution to TIDC INDIA.
Claimed VAT and Excise Duty approx. 400 forms.
Updated, Analyzed, Issued C Forms approx 500 nos.
Reconciled Logistics Bills and Travel Bills approx 500and 50 nos. respectively.
Processing of Job work challan approx 600 nos.
