Deputy/Joint Manager, Indirect Tax

Purpose of the Position (Job Summary)

This role is responsible for reviewing GST regular/annual returns; reconciliation of input tax credit, GST reports and payments and turnover value, and compiling of data for GST audit, assessment and various notices.

Key Individual Accountabilities

Strategic

 Research tax developments and implement necessary changes.

 Assist in strategic indirect tax projects

 Coordinate with external advisors on indirect tax issues.

Financial

 Oversee Indirect tax compliances done by the external consultant and team members

 In Depth Knowledge of preparation and filing of regular returns at state level (For review and implementation of system controls)

o Extraction of Data from ERP, Data sanitization/ Validation and reconciliation with SAP

o Responding to the technical queries of GST Compliance Partner.

o Posting Closing Entries relating to returns in SAP

 Handle Indirect tax litigation/refunds and coordinate with external consultants

 Update litigation trackers and clarify issues with statutory authorities/auditors etc.

 Implementation of new IT projects culminating out of change in law or process improvement initiative

 Assisting the seniors in handling tax related queries raised by the business units

 In-depth review of annual GST returns including (turnover reconciliation, ITC review etc.)

 Responsible for posting the accounting entries document including RC credit distribution, cross charge

entries distribution, reversal entries etc. in the SAP system

Customer/ External Orientation

 Reconciliation of ITC

o Reviewing ageing of unreconciled ITC and taking corrective measures

o Reconciliation of ITC accumulation, if any, on a periodic basis, identfying the reason for accumalation and interacting with business for the same

 Audit and Assessment

o Compilation and maintenance of records and document for the purpose of Annual return/Audit.

o Preparation of replies to audit / notice queries and Compilation of data required for the same

o Coordination with Shared Service Team and Business to respond observations during GST Audit, Statutory Audit, Internal Audit or assessment etc.

People Orientation

  Train other team members in different businesses on regulatory framework and compliance

 Must be a good team player

Core operational accountabilities

 Knowledge of Law

o Keeping track of key developments in Indirect taxes (GST and Customs) which will have implications on Company’s Business

 Detail-oriented, strong organizational & communication skills.

 Ability to work independently and under pressure.

 Fluent English (written & verbal).

Key Interactions

Internal                                                                             External

Business Sales Department                                    GST Compliance Partner

 Business Unit Accounts Department                    Tax Authorities

 SAP/IT Team                                                               Vendors & customers

SSC

Technical & Behavioral Skills & Knowledge

 CA with 6-7 years of experience in the Indirect Tax domain

 Knowledge in the following:

o GST Law

o SAP

o Microsoft Office 365 suit (word, excel, PowerPoint)

o Knowledge of the Customs Law and Foreign Trade Policy (FTP) will be an added advantage

Key Performance Indicators

 Successful handling of GST litigation

 Setting up system controls for improved indirect tax compliance

 Impact of assistance in strategic projects for Indirect taxes

 Accuracy and completeness of data maintained while collection and maintenance of documents related to GST audits

Competencies Applicable for the job

Behavioral Competencies Functional Competencies

 Agile Towards Change and Innovation (PL1)

 Builds a Performance & Development Culture (PL1)

 Builds Partnership with Stakeholders (PL1)

 Executes Efficiently (PL1)

 Focused on Achieving Results (PL1)

 Thinks Strategically and Acts Decisively (PL1)

Functional Competencies

 Financial / Accounting Operations (Module B)

 Financial/Accounting Policies and Compliance (Module B)

 Internal customer service (Module B)

 Financial Analysis and Reporting, Module A