- Preparation of various reports / documents required for internal tax reporting (tax / ETR workings, current & deferred tax provisions for local GAAP and applicable Group GAAP), Maintain and review workings for advance tax, tax provisions & contingent Liability.
- Supporting local GAAP audits w.r.t. tax provisions & assets/liabilities
- Balance-sheet substantiation of Tax related assets and liabilities,
- Generating various MIS required for review of tax compliance / variances in tax reporting.
Advance tax compliance:
- Compute Advance Tax payable based on relevant inputs related to P&L / BS from Finance LECs team and other relevant teams,
- Walk through of such workings with Group tax and others before tax payments.
Tax audit (TAR):
- Preparation of Tax Audit Report in Form 3CA-3CD and ensuring timely closure with appropriate coordination with Tax auditors,
- Ensure timely and accurate compilation of tax audit report in Form 3CA-3CD for all entities under charge.
Transfer Pricing (TP) & Country by Country Reporting (CbCR):
- Transfer pricing audit and ensuring timely closure with appropriate coordination with auditors along with Master File and CbCR intimations,
- Ensure timely and accurate compilation of transfer pricing audit report in Form 3CEB for all entities under charge.
Return of Income (ROI):
- Preparation of computation of tax,
- Liaising with Group Tax and other relevant functions for review and submissions of returns,
- Upload the e-forms on Income Tax portal.
Assessments / appeals / enquiries by IRS (Income-tax, TP, Service Tax / GST):
- Preparation of data / details / documents for filing with Tax Authorities in time bounded manner and post internal reviews as and when the proceedings are initiated by Corporate Tax, Transfer Pricing, GST, Service Tax authorities,
- Prepare the draft submissions and run pass the same through Group Tax,
- Liaising with Group Tax / Finance and other relevant functions for review of the submissions and facilitate closure.
GST:
- All GST compliances and submissions in timely & accurate manner,
- Computation of GST payable under Reverse Charge mechanism for group accruals including application of valuation rules,
- Collating details from all concerned, calculating monthly GST liability at entity level & getting it reviewed before final payment,
- Preparing challans for tax payment and timely payments,
- Monthly GST payments and coordinating with various stakeholders for final GSTR1 and GSTR3B to be filed,
- Preparing GST annual returns & coordinating for GST audit. Liaising with auditors, group tax and tax consultants for GST compliances,
- Registering new/ additional services with the GST authorities, updating change in Board members of GST portal and ensuring all details on GST portal are updated from time to time,
- Appearance before tax authorities as and when required,
- Preparing first cut appeals, getting the details reviewed from Group Tax and other relevant functions.
Controls & Stakeholder Management:
- Control the overall governance aspects of the processes and have a complete and thorough understanding of the control environment, identifying gaps in control environment and executing remediation plans to mitigate such gaps,
- Ensuring validations & control process are strengthened and all tax filings are duly prepared for accurate submissions,
- Drive process changes & innovations to be more efficient, coordinating with internal TSG teams to provide walkthrough and eventually automating the manual processes,
- Preparation of KOPs/SOPs and ensuring that they are updated from time to time,
- Managing the day-to-day relationship with all key stakeholders across various functions to ensure efficient working partnership and build up a collaborative model
- Participate in Finance system or process enhancement initiatives.
Your skills and experience
- 8+ years working experience of handling tax compliances, both Direct and Indirect Tax (preferably in Taxation teams of banks, investment banks or professional accounting / audit firms or in a similar capacity in a BPO / KPO center),
- Thorough Knowledge on Direct and Indirect Taxation Compliance requirements,
- Specific knowledge on Income Tax computation for Banks, NBFC business, GST / Service Tax regulations,
- Experience in handling and collating information for Tax Audit, Transfer Pricing Audit and GST Audit,
- Experience in financial accounting & reporting, financial statements and legal entity control function is preferred,
- Experience in dealing with taxation matter on merger and amalgamation is preferred,
- Experience of managing the change related to function.
Leadership & Analytical abilities
- Displays a high degree of control awareness with focus on Validations & Controls,
- Has a natural intellectual curiosity,
- Strong analytical / business problem-solving skills.
Time management skills
- Well organized & able to logically present results of work,
- Ability to work under pressure and to deadlines,
- Ability to manage own time and time of team.
Drive and Motivation
- Passion for change and confidence in own abilities,
- Be comfortable & willing to drive process improvement,
- Diligent, thorough, shows initiative and is proactive.