AVP/DVP - Taxation - Insurance Business

Position:AVP Taxation-Direct and Indirect Tax

Role:Ensure all the activities under both Direct and Indirect Tax functions get executed in line with applicable provisions on a timely basis with end-to-end compliance. Closely work with all team members to review and guide them for BAU tasks and ensure timely and effective closure of tasks. Work towards the enhancement of the function productivity and appropriate growth of the team members, keep updating on new provisions & amendments, make processes more robust, and bring automation.

Key Responsibilities & Accountabilities

- Review TDS and PT liability to ensure appropriate compliance with all the provisions to avoid any litigation in the future and their timely settlement.

- Review all GSTR Returns monthly and ensure timely filing and settlement of liability.

- Coordinate with Consultants, prepare and submit data for their replies, detailed review their draft submissions before filing with the department and ensure timely replies of all the notices and orders of the Income Tax and GST department to avoid any further litigation.

- Coordinate with team members on a daily basis, review their jobs, and guide them for timely and effective closure of tasks.

- Managing activities like month close, TDS Books Vs Portal Recon, Optimum utilization of GST credit, resolving queries and replying to internal and external stakeholders, taking active participation, and share inputs during project implementation related to the Taxation area.

- Manage, Review, and lead various audits like Tax Audits, Transfer Pricing, GST Audits, Stat audits and ITR filing to ensure they will get closed in time without any major observations.

- Discuss and share updated status about any new notices as well ongoing litigation and assessment on a regular basis with senior management for their review and feedback.

- Resolving queries related to TDS returns and Portal demand.

- Review BS Schedules related to Taxation area like TDS Recovery, Excess challan, Advance Tax, GST Credit, GST liability with end-to-end recon and timely closure of open items.

- Ensure each team member will learn and contribute to the organization in line with their role and responsibilities.