Direct and Indirect Taxation

Skills:
Tax Compliance, Tax Planning, Tax Law Knowledge, Financial Reporting, Analytical Skills, Direct Taxation, Indirect Taxation, Goods And Services Tax (GST),

Role & Responsibilities

The purpose of a Taxation Manager role is to plan, manage and oversee the company's tax compliance and reporting processes, ensure tax compliance with the laws and regulations, minimize tax liability and maximize tax savings, and provide advice on tax-related matters.

• Candidate should be well versed with the Income Tax Act, Double Taxation Avoidance Agreements (treaties). Basic knowledge of Transfer Pricing provisions & rules will be an added advantage
• Should liaise with government authorities and ensure compliance to statutory / regulatory requirements.
• Should be in a position to handle the Tax Audit and file tax returns independently.
• Review and co-ordinate details for tax filing, tax computations, tax audits and other tax compliances
• Preparing and reviewing the details for scrutiny assessments and representing before assessing authorities
• Drafting requisite submissions for filing before tax authorities and timely replying to notices
• Collate and review data for tax appeals at various appellate stages
• Interface with various other departments and group companies for tax matters
• Interact with auditors and advisors to resolve their queries on tax matters
• Draft and follow up for lower withholding tax orders.
• Prepare and follow up for Tax Residency Certificate
• Review the advance tax working on quarterly basis.
• Review of draft agreements and suggest optimal Direct & Indirect tax structure.
• Advise on applicability of withholding tax on domestic transaction.
• Follow-up on status of Income Tax assessment, tax refunds, Order giving effect and filing of rectification applications.
• Review and update the tax status charts and contingent liability chart regularly.
• Keeping track of all notices, hearings and update notice register.
• Drafting appeals before CIT(A), ITAT, High Court & Supreme Court
• Calculating GST liabilities for the organization, including SGST, CGST, and IGST, based on transactions and sales
• Managing and reconciling ITC claims, ensuring compliance with GST laws and regulations
• Preparing and filing GST returns, including GSTR-1 (outward supplies), GSTR-3B (monthly summary), and annual returns
• Maintaining organized records of GST-related documents, including invoices, returns, and ITC records
• Ensuring compliance with GST rules and regulations, and addressing any compliance issues promptly
• Assisting with internal and external GST audits, providing the necessary documentation and records
• Coordinating with GST authorities, addressing notices or queries, and facilitating inspections if required
• Preparing and maintaining documentation related to GST registrations, returns, and other compliance matters
• Identifying areas for process improvement and implementing streamlined GST-related workflows
• Ensuring the organization's policies and procedures align with GST laws and regulations
• Preparing detailed GST reports and summaries for management and stakeholders
• Monitoring and interpreting changes in GST regulations and advising management on their implications
• Leading or overseeing GST audits and investigations, including managing interactions with authorities
• Relations: Collaborating with vendors and customers to ensure GST compliance in transactions.
  
  

Preferred Candidate Profile

• Minimum 7 years of work experience in Tax Profile
• Must have good exposure to Taxation planning, Compliance, Audit
• Must be a CA or CMA Qualified
• Preferred candidates from manufacturing background, FMCG, Retail.