Lead - Taxation - Chemical Industry

Taxation Lead

Reconciliation & Ledger Scrutiny:

- Reconciliation of GSTR 2A vs GSTR 2

- Reconciliation of GSTR 1 vs Eway bill portal

- Reconciliation of GST payable vs Sales register

- Reconciliation of GST receivables vs GSTN wise Purchase register

- Conveying course of action for reconciliation open points to respective operations team and closure of the same

- Maintaining Non PO based purchase details in Purchase register

- Maintaining database of invoices on which GST credit is not availed along with reason

- Maintaining expenses wise breakup of GST credit

- Maintaining BOE wise Import Purchase register

- Maintaining RCM payable & receivables details

- Maintaining of RCM invoices for compliance purpose

- Maintaining details of ITC reversal on account of vendor payments made after 180 days and reclaiming the same

- GL scrutiny of RCM GL accounts and correction if any required

- GL scrutiny of stock transfer, exports, manual invoices, debit note, credit notes

- ISD cross charge to other states

Payment of liability:

- GST payment for each state

GST Audit:

- Coordination with GST auditor

- Preparation of schedules for GST audit report

Advisory activities:

- Reply to queries / notices received from GST dept.

- Reply to assessment and appeals

Direct Tax Work Scope:

- TDS/TCS Compliances

- Computation of Income & Annual return filing

- Provision for tax & deferred tax working

- Income Tax Audit