Purpose:
The Assistant Manager -Direct Taxation will be required to deliver a full range of tax services in compliance with laws and regulations within the required period. Building relationships and interacting with clients to provide excellent planning, consulting and expertise. Providing innovative tax planning and reviewing complex income tax returns.
Role and responsibilities:
Direct Tax
- Ensure timely compliance of tax returns, registration with various tax and regulatory authorities
- Ensure timely completion of assessment, appellate and other proceedings.
- Ensure proper representation in front of the department, assessment and benchmark the same
- Ensure plan for opportunities of achieving lower taxation and benchmarking with the other players in the same industry.
- Ensure proper drafting of intercompany agreement and review of the documents etc.
- Complete and maintain transfer pricing documentation and study report for benchmarking the intra-group transaction
- Preparation of income-tax computation, filling e-file returns etc.
- Preparing reconciliation between assesses records vis--vis communication from tax authorities
- Analysis of various tax laws/DTAAs/recent updates and case laws
- Attending withholding tax proceedings
- Work closely with in-house teams with thorough reports and provide actionable insight.
- Analysis of various tax laws/DTAAs/recent updates and case laws
- Attending withholding tax proceedings
- Work closely with in-house teams with thorough reports and provide actionable insight.
Indirect Tax
- Preparation and finalisation of monthly return filings for various states.
- Maintaining various reconciliations for Books of Accounts, GST Portal
- To support in regular scrutiny of GL accounts to identifying Input tax credit loss and excess liability payment etc.
- To support in coordination with the external counsel and appearance before the statutory authorities
- To keeping a track of latest amendments in Indirect Tax Laws and assessing impact of the same on the business
- To Apprising entire organization about GST amendments
- Initiate the automation of various compliances and reports to the GST team
- To maintain proper records, coordinate with various departments and ensure all the assessment and appeals are closed within the due timelines
- To identify optimization opportunities in Indirect Tax Outflow
- Preparation of audit schedules for Indirect Tax matters
- Maintenance of Books of Accounts for Indirect Tax audits and assessments
Experience and Qualification:
- Chartered Accountant with 1 to 2 years Post qualification Experience in direct tax
- Prior experience in the Retail/ Banking/ Insurance/ Telecom Sector is desirable
Competencies:
- Tax Litigation Assessments and Appeals
- Coordination with external tax counsels and authorities
- Filing of Returns
- Keeping track of latest developments/judicial pronouncements in Tax Laws
- Tax planning and formulating tax efficient processes
- Excellent Communication Skills
