Hemendra specialises in GST and Finance Controllership, with a focus on Indirect Taxation (GST). He has a remarkable track record of helping companies secure hassle-free GST refunds and managing GST compliances in a way that minimises litigation matters.
In the realm of financial management, he excels in maintaining accurate and compliant books of accounts, streamlining compliance processes, and implementing strategic frameworks to support startups in optimising their finance and accounts functions. His expertise ensures regulatory adherence, operational efficiency, and sustainable growth, contributing to the firm's reputation for delivering excellence.
Body of work
All articles by Hemendra.
FP&A
Variance analysis: monthly review meetings that surface real signal
A monthly variance review that walks line by line through 80 expense heads produces 90 minutes of noise. A review that walks five variance buckets, each with a defined decomposition, produces 90 minutes of decisions. The difference is structural.
10 min read
GST
The 100-day GST notice playbook: responding without escalating
A GST DRC-01 lands. The instinct is panic-pay or panic-litigate. Both are usually wrong. A 100-day framework — from the day the notice arrives to the day it is resolved or appealed — that we have run through more than sixty matters.
10 min read
Direct tax & TP
Section 56(2)(viib) angel tax in 2026: what survived the Budget and what changed
The Finance Act 2024 removed angel tax for every class of investor from AY 2025-26. The notices already issued under the old regime did not disappear. We are still defending valuations from 2019 share issuances, and the assessing officer still has Section 56(2)(x) in their pocket.
9 min read
GST
ITC mismatches: why GSTR-2B reconciliation is now make-or-break
Post the Finance Act 2022 amendment to Section 16, ITC is available only if it shows up in your GSTR-2B. The 5% buffer is gone. Vendors who do not file their GSTR-1 silently transfer their non-compliance into your tax cost. The reconciliation discipline that recovers 5-10% of working capital.
9 min read
Close & reporting
Month-end close in 5 days: the checklist that gets you there
Most growth-stage Indian companies take 12 to 20 working days to close their books. The work that justifies five days is the same; the discipline around it is not. Here is the calendar we run when we take over a controllership engagement.
9 min read