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Job details
Job ID
99991006640
Job description
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Job Description
Responsibilities
Compliance with all Indirect Tax and Direct Taxes
A. GST / Indirect Tax Compliance and Operations
Independently manage end-to-end compliance under the GST law including CGST, SGST, IGST, and cess, as applicable.
Compute monthly GST liability on all outward supplies,
Ensure timely preparation and payment of:
GST outward liability,
RCM liability under reverse charge,
Prepare and file GSTR-1 for monthly outward supply reporting.
Prepare and file GSTR-3B after reconciliation of output tax, input tax credit, reverse charge, and tax payments.
Maintain and review Input Tax Credit (ITC) register and ensure accurate availment as per GST law.
Reconcile vendor invoices reflected in GSTR-2B with purchase register and ITC ledger.
Identify ineligible, blocked, reversed, or disputed ITC and ensure compliance with reversal provisions.
Track and resolve mismatches between books of accounts, purchase register, GSTR-2B, GSTR-1, and GSTR-3B.
Ensure compliance for Reverse Charge Mechanism (RCM) transactions, including monthly review, liability computation, payment, and reporting.
Review and verify job work statements and ensure timely filing of ITC-04 as applicable.
Handle GST refunds in timely manner,
Prepare and file annual GST compliance statements:
GSTR-9,
GSTR-9C.
Perform financial reconciliation of GST returns with trial balance, general ledger, sales register, purchase register, and tax payment records.
Review GST liability and ITC general ledger accounts on a monthly basis and pass corrective accounting entries, if needed.
Support GST classification, valuation, place of supply, time of supply, and rate applicability reviews.
Ensure proper treatment of credit notes, debit notes, discounts, freight, and other taxable adjustments.
Monitor amendments in GST law, notifications, circulars, advance rulings, and judicial decisions.
Deemed export return filing and coordination for refund.
Handle legacy litigation cases related to Maharashtra Value Added Tax, Navi Mumbai Municipal Cess, Local Body Tax.
B. Reconciliations and General Ledger Scrutiny
Scrutinize all GST and direct tax related general ledger accounts on a monthly basis.
Reconcile:
GST liability ledger,
ITC ledger,
output tax accounts,
RCM liability accounts,
TDS/TCS payable accounts,
tax provision accounts,
refund receivable accounts.
Ensure monthly accounting entries are aligned with statutory return filings and payment challans.
Identify and resolve discrepancies arising from:
timing differences,
invoice booking delays,
vendor mismatches,
return filing differences,
incorrect tax codes,
accounting errors.
Coordinate with Accounts Payable, Accounts Receivable, Logistics, Procurement, and Plant/Operations teams for data validation.
C. Direct Tax Compliance
Manage complete compliance under the Income-tax Act, 1961 and Income-tax Act, 2025.
Compute and monitor advance tax liability on a quarterly basis based on projected taxable income, MAT/AMT applicability, and deferred tax considerations where relevant.
Ensure timely payment of advance tax, self-assessment tax and other tax liabilities.
Review and finalize annual income tax provision / tax liability working in coordination with Finance Head.
Review and finalise the annual deferred tax provisions in coordination with Finance Head.
Prepare and file Income-tax Return (ITR).
Coordinate and support tax audit proceedings, including preparation of Form 3CA/3CB and Form 3CD, as applicable.
Prepare and review tax schedules, annexures, and reconciliations required for return filing and audit.
Monitor TDS compliance under all relevant sections of the Income-tax Act:
deduction at appropriate rates,
deposit within prescribed timelines,
filing of quarterly TDS returns,
generation and issuance of TDS certificates.
Handle TCS compliance, where applicable, including deduction, payment, return filing, and certificate issuance.
Reconcile TDS/TCS books with statutory returns, challans, and Form 26AS/AIS/TIS data.
Ensure timely resolution of any short deduction, short payment, or mismatches.
Track notices, intimations, and communications from the Income-tax Department and prepare responses within due dates.
Prepare and respond to assessments, reassessments, scrutiny, rectifications, appeals, and other proceedings.
Coordinate with tax consultants and auditors for litigation and compliance support.
Maintain robust documentation for tax positions, assumptions, and supporting calculations.
Monitor changes in tax laws, circulars, notifications, and judicial pronouncements impacting the company.
D. Transfer Pricing Compliance
Manage and coordinate compliance under the Indian Transfer Pricing regulations for international transactions and specified domestic transactions.
Identify and review all associated enterprise transactions including purchase of goods, sale of goods, services, reimbursements, cost allocations, and any other cross-border dealings.
Ensure maintenance and review of contemporaneous transfer pricing documentation as required under the Income-tax Act.
Coordinate with external transfer pricing consultants for benchmarking analysis, selection and application of the most appropriate method, preparation of the transfer pricing study report, documentation support, annual compliance review.
Preparation and filing of Form 3CEB along with the tax audit report, where applicable.
Ensure timely and accurate disclosure of international transactions and related party dealings in statutory filings.
Review transfer pricing positions for compliance with the arm’s length principle.
Provide response to transfer pricing notices, assessments, queries, and audits issued by the Income-tax Department or Transfer Pricing Officer.
Work with business and finance teams to collect transaction data, agreements, invoices, cost sheets, allocation keys, and supporting evidence for transfer pricing analysis.
Reconcile transfer pricing workings with financial accounts, intercompany ledgers, and tax records.
Support adjustments, if any, arising from transfer pricing review or assessment proceedings.
Monitor changes in transfer pricing law, rules, notifications, judicial precedents, and OECD-related guidance that may impact the company.
E. Audit, Assessment, and Departmental Representation
Coordinate with statutory auditors, tax auditors, transfer pricing auditors and internal auditors to ensure timely completion of audits.
Prepare audit support files, reconciliations, working papers, and explanations for audit queries.
Review audit observations and drive closure through internal discussion and documentation. Coordinate with GST and Income-tax authorities for notices, summons, inquiries, assessments, audit proceedings, demand proceedings, rectifications.
Prepare submissions, reconciliations, and factual responses to departmental queries.
Support hearings and follow-up with tax officers and consultants until matters are concluded.
Maintain status trackers for audits, assessments, litigation, demands, and refunds.
F. Tax Planning, Controls, and Advisory Support
Support tax-efficient planning within the framework of Indian tax laws.
Assist in evaluating tax impact of business transactions, contracts, vendor terms, and supply chain changes.
Review tax implications of:
sale of assets,
import/export transactions,
job work arrangements,
service procurements,
capital purchases,
employee-related tax recoveries, where applicable.
Recommend process improvements to strengthen compliance and reduce tax exposure.
Develop and maintain internal controls and SOPs for tax compliance.
Train internal teams on tax documentation, invoice accuracy, and statutory requirements.
Ensure proper record retention and document management for statutory and audit purposes.
Locations Mumbai, India Worker Type Employee Worker Sub-Type Regular Time Type Full time
