Principal - Direct Taxes

JOB PURPOSE

Led end-to-end tax & compliance functions for Global Varroc Group, including timely preparation & filing of Master File & CbC Report under OECD Action Plan, while managing tax & statutory audits, income tax returns and direct tax assessments, mega project compliance, review TDS compliances & removal of TDS defaults, R&D approvals by DSIR, finalization

of cost audits, & insurance policy renewals & claims.

PRINCIPAL ACCOUNTABILITIES

Tax audits

▪ Finalize Tax Audit of all Indian entities

▪ Discussions with tax auditors on issues related to tax audits

Statutory audits

▪ Finalize Tax provision along with discussion with Statutory Auditors and provide effective tax rates (Quarterly)

▪ Provide details of accrual & receipt of Government Incentives to Auditors

IT returns

▪ Finalize advance tax working (Quarterly)

▪ Finalization of tax computations of Indian entities

▪ Get tax computation reviewed by tax partner

IT assessment

▪ Review data and submissions for assessments at various levels such as AO, DRP, CIT(A) & ITAT

▪ Prepare and submit rectification applications

Government Incentives

▪ Study various policies launched by Central & State and check applicability

▪ Apply for applicable incentives well within timelines

▪ Ensure timely filing of annual claim documents

TDS compliance – Overall review

▪ Overall control of TDS payments and compliances

▪ Ensure timely removal of defaults

R & D Audit

▪ Ensure timely renewal of renewal of recognition of R&D centers

Insurance

▪ Provide requisite details for renewal of various policies such as IAR Policy, stock related policies, cyber & commercial crime policy, product liability policy, etc. to the broker

Others

▪ Prepare notes related to tax in respect of Consolidation of financials along with standalone FS

▪ Review financial statements

Special Project

▪ Ensure tax compliances arising as a result of various projects.

QUALIFICATION

▪ Minimum Qualification required: CA (1st attempt preferred)

WORK EXPERIENCE

▪ Minimum 10-12 years of experience

▪ Industry Related experience> 10 years

▪ Other soft skills/competencies - Communication, Leadership, Problem-solving

▪ Staying updated regarding changes in Tax Laws & Regulations,

▪ Excellent written & oral communication skills,

▪ Analytical Thinking & Problem Solving

▪ Negotiation skills,

▪ Leadership & Team Management skills.

The position reports to the Head - Direct Taxes / Insurance & has a Team of 4 employees reporting to it.

Outstation Candidates will have to RE-LOCATE to AURANGABAD and will be eligible to avail benefits under the Relocation Policy.