Ajay Kumar Maggidi

Senior Executive

Sunera Technologies Private Limited

Ajay Handled End to End Finance Functions of Corporate Companies. Carries 7 years of experience in Direct Tax, Indirect Tax, Financial Reporting, Audits, 02C, P2P, R2R, Payroll and FP & A.

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  • Ajay Kumar Maggidi
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About Me

Ajay is passion about his profession. who thrives to add value to the organization by effective compliance with regulatory requirements, helping management to with MIS reports for decision making.
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Industries Expertise
Banking Industry
Finance Industry
IT Industry
Software Industry
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My Resume
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Experience
  • Senior Executive 28-09-2017 - 19-07-2020
    Sunera Technologies Private Limited

    Responsible to Manage End to End Finance Functions of 3 BU'S of Group Companies


Education
  • CA INTER 01-08-2011 - 31-05-2016
    Institute of Chartered Accountants of India

    Accounts, Direct Tax, Indirect Tax, Audits & Finance


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Ajay Kumar Maggidi: Read My 5 Published Articles


An Incentive Scheme for Service Exporters under FTPModern India is Service based Economy, which contributes major revenue share to GDP. Majority of Service Sector revenue comes from Exports. Exports are crucial for any economy development. And, Foreign Reserves and Employment generation are two key priorities of the government to safeguard the health of Indian economy. Inorder to encourage and Inc......

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CBIC finally settled the controversy over section 50 of CGST Act. Clarified that, Interest on delayed payments of GST will be levied on net tax liability w.e.f 01-Sep-2020, prospectively. & No recoveries shall be made for past periods. It's been 3 years since GST roll out. Still India Incorporations struggling with smooth implementation of GST. Ambiguities in GST provisions creating hurdles t......

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Exports of a country crucial for its economic growth and to maintain positive balances of trade. So the reason governments encourage business units that promote exports of goods and services. GST Regime provides such benefits to promoters of exports. We are well aware of Exports are zero rated supplies and tax paid on outward supplies or inward supplies used in zero rated supplies is eligible refu......

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GST is not such simple as govt says "Good and Simple Tax". As India gradually adapting to this new tax System. It is not surprise that short payments of tax, claiming of undue refunds or ITC by tax payers. However, there may be certain cases for wiful evasion of tax through short payments, claiming of undue ITC or GST Refunds. In view of this, a facility is given to taxpayers to make payment on v......

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As we all know, revenue or expenses is recognized in books of accounts as per AS-9. However, Liability to pay GST arises as per time of supply provisions. Different treatments under accounting standards and GST rules lead to reconciliation of turnover as per books of accounts and GST returns.   To understand this clearly let us discuss accounting and GST concepts elaborately.   What ......

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