Job Title:Manager- Indirect Tax
Department: Accounts
Education: M.Com
Experience: 10 + years
Nature Of Experience: Indirect Taxation, GST Audit & Assessment with Manufacturing back round
Job Purpose
Lead the indirect tax function by deploying all relevant indirect tax laws effectively & provide inputs to management for tax efficient transaction structuring/re-structuring. Independently handle indirect tax queries at various levels in the organization and handle tax litigations, communicate potential risks along with basic liaison with tax authorities and consultants.
Principal Duties, Responsibilities & Accountabilities
- Indirect Tax Compliance
- Evaluate and ensure compliance with indirect tax laws and regulations
- Maintain appropriate records suitable for internal and external audit.
- Handle the audit & assessment and ensure data readiness.
- Reconciliation ITC GL with GST records & checking the necessary JV for utilization of ITC credit.
- Prepare the reply along with supporting the details on show cause notices with the help of consultant & attend the hearing with department as and when required.
- Preparation, Review and Controls
- Conduct monthly review of indirect tax planning & ongoing tax assessments status.
- Monthly data preparation and validation of HO expenses to other locations through cross charge billing.
- Make the required SOP for controlling and monitoring the indirect tax compliances process roles & responsibilities.
- Continuous Improvement
- Identify and implement process improvements to better leverage department resources.
- Update changes in GST laws and assess their impact on the organization.
- Identify annual tax saving / reduction targets by indirect tax category.
- Stakeholder Management
- Provide technical advice to internal stakeholders within the Company.
- Keep the control on supplier and internal compliances to ensure there will not be any tax leakages.
- Keep update on GSTR 2A reconciliation and require action on internal & external stakeholder.
- Keep co-ordination with respective plant location to avoid the future lapses.
- Keep coordination with consultant to get time to time updates.
- Automation, Process improvement for Indirect tax compliances
- Define the various documents process flows to avoid the further lapses.
- Keep the control on implemented i.e., E-invoice, E-way Bill, Payment Block software etc.
- Responsible for new GST registration as and when require.
- Control and monitor the refund application with payment of duty or without payment of duty, inverted duty structure.
