Somasundaram

About Somasundaram

I am practicing an Advocate for GST and Direct Taxes and Customs matters. Well versed in all aspects of taxation - GST Operations & Compliance, GST Advisory, Tax & Technology interplay, Litigation Management, Handling DRI, DGCEI, DG-GST Intelligence, investigations, audit etc, across GST, Excise, Customs, Sales tax, Service tax areasSpecialization in Foreign Trade Policy (FTP), Anti-Dumping Duties, Obtaining Fiscal and Tax Incentives from various State governments (MoU with local States) etc.

Experience

1. Indirect Tax Manager

   LG Electronics

   Apr 2026 — Present · Seoul, KR

   State Incentive,Indirect Tax, Direct Tax, MCOP, Civil Matters and Criminal Law and etc,Well versed in all aspects of taxation - GST Operations & Compliance, GST Advisory, Tax & Technology interplay, Litigation Management, Handling DRI, DGCEI, DG-GST Intelligence, investigations, audit etc, across GST, Excise, Customs, Sales tax, Service tax areasSpecialization in Foreign Trade Policy (FTP), Anti-Dumping Duties, Obtaining Fiscal and Tax Incentives from various State governments (MoU with local States) etc.GST Compliance- • Ensure timely and accurate filling of GST returns, including monitor GSTR-1 (outward supplies), GSTR-3B (monthly summary return), and GSTR-9 & 9C (annual return)• Monitor changes in GST laws, rules, and regulations and ensure compliance with statutory requirements• Review and reconcile GST-related data, including invoices, input tax credits, and tax payments, to minimize errors and discrepancies• Liaise with internal stakeholders, tax authorities, and external advisors to address queries, audits, and assessments related to GST compliance Tax Planning and Strategy-• Develop and implement tax-efficient strategies to optimize GST outcomes and minimize tax liabilities.• Identify opportunities for tax savings, credits, and incentives under the GST regime. Provide strategic advice to management on GST implications for business operations, transactions, and expansions• Analyze the impact of GST changes on the organization\'s supply chain, pricing, and profitabilityInput Tax Credit (ITC) Management-• Monitor and manage input tax credit (ITC) processes, including documentation, reconciliation, and utilization of credits.• Ensure compliance with ITC provisions and guidelines to maximize available credits and minimize risks of disallowance.• Implement controls and procedures to track and validate eligible ITC claims across business units and locations.

Education

• Indian School of Business

  Master of Business Administration - MBA, Accounting and Finance

  2011 — 2013

• V.R.College, Nellore

  Bachelor of Laws - LLB, Law

  2016 — 2019

• University of Madras

  Bachelor of Commerce - BCom, Accounting and Business/Management

  2003 — 2005

• The Institute Of Cost Accountants Of India

  CMA Inter, Cost Accountant

• VDS JAIN HRE SEC SCHOOL

  XIITH STANDARD, Business/Commerce, General

• VDS JAIN HRE SEC SCHOOL

  XTH STANDARD, Business/Commerce, General