Industrial Trainee - Taxation

We are seeking an Industrial Trainee to join the Group Taxation team as part of the ICAI-mandated training program. The role offers a structured and high-exposure opportunity to work in a capital management environment, supporting both domestic and international tax compliance, litigation, and advisory matters across Essar's investment portfolio. The trainee will gain hands-on experience in corporate taxation, indirect taxation, and transaction support.

FUNCTIONS KEY RESPONSIBILITIES

Direct Taxation (Corporate Income Tax)

1. Assist in preparation and filing of corporate income tax returns, TDS returns, and advance tax computations.
2. Support data gathering and documentation for assessments, scrutiny notices, and tax audits.
3. Maintain working files for tax provisioning and deferred tax schedules in compliance with Ind-AS.

Indirect Taxation (GST & Others)

1. Prepare workings for monthly GST returns, reconciliation with books of accounts, and payment tracking.
2. Assist in handling GST notices, queries, and departmental follow-ups.
3. Ensure proper classification of transactions and documentation for input tax credit eligibility.

International Taxation & Transaction Support

1. Assist in the review of inter-company transactions and compliance with Transfer Pricing regulations.
2. Support tax analysis related to cross-border structures, investments, and fund repatriation.
3. Maintain updated records of DTAA applicability and foreign remittance documentation.

Tax Compliance & Reporting

1. Help maintain internal tax trackers, calendars, and ensure timely execution of filings.
2. Coordinate with statutory auditors, consultants, and legal teams for reporting purposes.
3. Prepare MIS reports for the tax team, covering pending assessments, returns filed, and due dates.

Litigation & Documentation

1. Collate documentation for ongoing tax litigations at CIT(A), ITAT, or GST appellate levels.
2. Assist in drafting responses to notices and coordinating with legal counsel for hearing schedules.
3. Maintain organized files for all historical and current litigation matters.

SKILL/COMPETENCIES REQUIREMENTS

• Understanding of Income Tax Act, GST, TDS, DTAA
• Basis understanding of International Tax/ FEMA
• Familiarity with MS Office (Word, Excel, PowerPoint) and legal databases (SCC, Manupatra, etc.)