Executive/ Assistant Manager - Taxation

Job Description

Primary position Objectives : Ensuring the compliance of Direct Tax and Indirect Tax1) Direct Taxa) TDS payablei) Daily verification of transactions for deduction of tax at source as per provisions of Income Tax Act, based on analysis of the associated report.ii) Calculation of the amount of TDS to be deposited with Govt.iii) Informing accounts payable for payment of TDS on 6th of every monthiv) Filing quarterly returns of TDS under various sections as per the provisions of Income tax Act post sign off from businessv) Downloading and sending TDS certificates to the parties / persons whose tax has been deducted at sourcevi) Handling the queries raised by the parties whose tax has been deducted at source by the companyb) TDS receivablei) Verification of TDS deducted by the customers of the company with Form 26AS and the entries passed in the books of accountsii) Following up with the AR team where the amount of TDS is not reflecting in the Form 26AS of the companyc) Calculation and passing entry for monthly provision for taxationd) Tax Audit i) Preparing the data for Tax Audit under section 44AB and 92C of the Income Tax Acte) Tax Returnsi) Preparing the computation of Income and tax and getting the same approved from CFO of business unit and Regional Tax Lead.ii) Preparing the return of Income under section 139 of the income tax act, getting the same approved from CFO of business unit and Regional Tax Lead and filing the same before due date of filing the return as prescribed under the Actf) Scrutiny / Assessment Data i) To provide data for assessment under various sections of IT Act.2) Indirect Taxa) GSTR 1i) Preparation of Data for filing GSTR1ii) Verification of the data for any discrepancy in accordance with the provisions of GST Actsiii) Filing of GSTR1 before due date after approval from the CFO of business unitb) GSTR 6i) Preparation of Data for filing GSTR6ii) Verification of the data for any discrepancy in accordance with the provisions of GST Actsiii) Filing of GSTR6 before due date after approval from the CFO of business unitc) Input Tax Credit Registeri) Preparing the Input Tax Register for the companyii) Identifying the transactions not eligible for ITC and ensuring that the same is excluded from the ITC claimed by the companyiii) Verifying the status of payment made to the vendors to ensure that timely information is provided to the AP and business team so that the vendors are paid in time prescribed under the Acts. If there is delay then ITC claimed in reversed.iv) Claim ITC every month in most accurate manner so that there is no loss of ITC and incorrect ITC is not claimed.v) Verifying and reconciling the GSTR 2A to ensure that the invoices and amounts are correctly reflected in GSTR 2A of the Company and to send reminders to defaulting parties and ensuring that the same is rectified. In case of no rectification informing the AP team and Business team for holding payments and blacklisting the defaulting parties.d) GSTR 3Bi) Preparation of Data for filing GSTR3Bii) Verification of the data for any discrepancy in accordance with the provisions of GST Actsiii) Computing the liability of tax to be paid for all states and getting it approved from CFO of the business unitiv) Filing of GSTR3B before due datee) GSTR 9i) Preparation of Data for filing GSTR 9ii) Verification of the data for any discrepancy in accordance with the provisions of GST Actsiii) Preparing the reconciliation statement of audited books and returns filed for all states and getting it approved from CFO of the business unitiv) Filing of GSTR 9 before due datef) GST Audit 9Ci) Providing support to the auditors for completing the GST audit in timeii) Getting the 9C approved by CFO of the business unitiii) Ensuring the GSTR 9C is filed before due dateg) Checking and filing Amendment applications related to registration details if any as per email received from Business Finance Team.h) Ensuring that the net balance of receivable and payment is equal to the tax paid in cash to the Govt. treasury.i) Handing various queries raised by customers/vendors and employees related to GST and provide the necessary details as and when required related to tax compliances.j) Preparation various documents and details for assessment and audit from Govt agencies and other parties and submission to business finance team for further processing.

Keyskills :
tax returnstax auditaccounts payablenetbusiness financefollowing uptaxfilingemailincome tax actcashtdsincome taxcreditindirect taxdirect taxitc