Deputy Head - Taxation - BFS

Deputy Head_Taxation

KRA Name Description:

- Regular study and update of new amendments and provisions in tax laws and their impact analysis on the organization and solving tax related queries of senior management and various internal departments/stakeholders / customers.

- Ensuring proper study and update of new amendments and provisions in tax laws and their impact analysis on the organization by way of regular updation and constant knowledge development and solving tax related queries of senior management and internal departments ,vendors and employees for salary taxation and coordinating with business team/cpu/bocs /procurement departments including zonal/cluster/branch head regarding tax related queries of customers.

- Active and effective participation in it migration project for new cbs and radical changes in information technology platform for development of various tax modules for tds/gst and tax reporting portals of cbdt/gstin/traces etc.

- Ensured regular involvement in it migration project for new cbs and changes in information technology platform for development of various tax modules for tds/gst and income tax compliances.

- Review and final sign off for brd and fsd on various modules by cordination with functional team and it team within timelines.

- Testing and sucessful development of new tds & tcs module in profile for cash withdrawals/ non itr filers/liberalised remittance scheme u/s 194n/206ab and 206ac and gst module for gold auction.

- Testing and successfull implementation of new payroll taxation module and employee perquisite on concessional loans etc.

- Ensured complete gst compliance for bank by timely remittance of gst liability for all 34 states including erswhile gruh finance. Timely filling of monthly gst returns and filling of gst annual returns for 34 states.

- Issuance of monthly tax invoices in cbs and monitoring of e waybill system in gstin portral. Monthly reconciliation of input credit with gstin portal for all all 34 states ensuring complete gst compliance by monthly reconciliation of gst related general ledgers with trial balance and various reports . And timely remittance of gst liability by payment of taxes for all 34 states after utilisation of input tax credit. Maintenance of state wise gst input tax register and output liability summary along with details of exempts/ non gst supplies etc.

- Timely filling of monthly summary return in form gstr-3b and detailed invoice wise return for outward supply in form gstr-1 for all 34 states issuance of monthly tax invoices to customers through invoicing module in cbs.

- Monitoring of e waybill system for stock transfer and purchase from vendor across various states in gstn portal and proper compliance thereof. Monthly reconciliation of input credit with gstn portal for all all 34 states to ensure non denial of input credit.

- Ensuring complete income tax compliance for bank by review of quarterly advance tax computation / timely remittance of corporate tax and filling of income tax returns/ tax audit reports /tds compliances and filing of online compliances on cbdt portral as required under law in prescribed formats and timelines.

- Ensured cent percent income tax compliance by review of quarterly advance tax computation and timely remittance of corporate tax within due dates and timely filling of income tax returns and tax audit reports for the bank.

- Ensuring tds compliances by way of timely payment of tds, quarterly filling of e-tds returns and issuance of tds certificates (form 16 and 16 a) within due dates to vendors/customers.

- Filing of online compliances on cbdt portal for form 60 on half hearly basis/ 15g & 15h compliance on quarterly basis/ annual filing of sft (air) in form 61a and fatca compliance in 61b/proper and timely response to tax department recovery notices /133(6) enquiry etc. "

- Proper and smooth handling of income tax scrutiny assessments/ settlement of old disputed appeals/refunds and smooth handling of gst audit/scrutiny notices in different states/old service tax show cause notice adjudications for cenvat credit/ service tax dgcei investigation and other proceedings by revenue authorities including old disputed matters of erstwhile gruh finance limited. . "proper handling of faceless income tax assessments/ settlement of old reassessment issues/appeals/refunds to avoid litigation with the tax department and ensure compliance and smooth handling of gst audit notices in various states/ service tax show cause notice/ adjudications orders for cenvat credit/ service tax dgcei investigation and other proceedings by revenue authorities through exercise of adequate technical expertise on the relevant tax laws, personal appearances in the hearings and effective liaison with the concerned tax authorities. Filed writ petition at calcutta high court and stayed income tax reassessment proceddings.

- Filed writ petition before delhi high court and got stay on industrywide issue of service tax on mab and matter is sub judice. It is ensured that no tax demand /interest/penalty is confirmed against the bank in any tax related matter. "

- Creation and development of a motivated and stable team as well as to develop second line to manage the function of taxation compliances and efforts for maintaining discipline and morale amongst team members in the tax function to achieve highest level of compliance.

- Maintaining harmonious cross functional relationships across various departments creation and development of a motivated and stable team as well as to develop second line to manage the function of taxation compliances and efforts for maintaining discipline and morale amongst team members in the tax function to achieve highest level of compliance.

- Maintaining harmonious cross functional relationships across various departments.FdireF