Job Purpose:
The Tax and Compliance Manager plays a critical role in ensuring that the organization remains compliant with all applicable tax laws and regulations. This position involves managing the taxation processes, including TDS, GST, Transfer Pricing, and SEZ/STPI compliance, while supporting audit activities and ensuring accurate financial reporting. The ideal candidate will have extensive experience in Indian tax laws, SEZ/STPI regulations, and global taxation concepts, with a strong background in handling tax-related compliances and audits.
Roles and Responsibilities:
Taxation:
- TDS Management: Ensure proper and accurate TDS deductions on invoices. Oversee timely submission of TDS returns and payments, and generate TDS certificates for vendors.
- Compliance: Perform monthly scrutiny of TDS ledgers and prepare reconciliations, ensuring accuracy and compliance with tax regulations.
- Advance Tax: Prepare advance tax workings and ensure all advance tax-related compliance is completed within the prescribed timelines.
- GST Compliance: Handle the preparation and filing of GST returns (GSTR-1, GSTR-3B) on a monthly basis. Reconcile GSTR-2B with books, ensuring unreconciled entries are addressed in subsequent months.
- Inter-Office Invoices: Prepare inter-office invoices for asset transfers, common cross-charges, and Head Office allocations in line with GST regulations.
- GST Refunds: Manage the preparation and filing of GST refund applications on a regular basis.
- Transfer Pricing: Maintain robust Transfer Pricing (TP) documentation aligned with the company's adopted positions. Prepare invoice workings for cost allocation to different entities within the Group in compliance with TP guidelines. Generate e-invoices and ensure timely sharing with customers and group entities.
- Tax Litigation: Assist in managing tax litigations and liaise with external consultants to ensure favorable outcomes.
SEZ/STPI Compliances:
- Coordinate with multiple stakeholders to ensure timely filing of SEZ/STPI forms (MPR, SERF, SOFTEX) on a monthly basis.
- Collaborate with external consultants and SEZ officers to ensure adherence to SEZ/STPI regulations.
- Work closely with business units to resolve tax and compliance queries efficiently and in a timely manner.
Audit and Reporting:
- Maintain monthly documentation for Internal Controls over Financial Reporting (ICFR), including reviewing process notes, risk control matrices, and testing controls in line with ICAI guidance.
- Post tax-related accounting entries in Microsoft D365, ensuring accuracy and compliance.
- Prepare tax-related schedules for group reporting on a monthly basis.
- Coordinate with auditors to ensure timely completion of Tax Audits, Transfer Pricing Audits, and Corporate Tax Returns with no surprises.
- Ensure readiness for GST and other audits by maintaining up-to-date records.
Others:
- Lead special projects and prepare ad-hoc reports as requested by the Reporting Manager.
- Support the implementation of changes or improvements in management information systems within the company.
- Keep business stakeholders and senior leadership teams updated on changes in tax laws and practices that may impact the business.
Required Skills:
- Proficient in Indian tax laws, including TDS, GST, and Transfer Pricing.
- Solid understanding of global taxation concepts and implications for international operations.
- Experience in handling SEZ/STPI compliances and filings.
- Strong knowledge of ERP accounting packages, preferably Microsoft D365.
- Exceptional analytical and problem-solving skills with a high level of accuracy and attention to detail.
- Proficiency in preparing tax-related financial reports and documentation.
- Ability to manage multiple stakeholders, including internal teams, auditors, and external consultants.
Required Competencies:
- Attention to Detail: Precision in managing tax deductions, reconciliations, and compliance filings.
- Leadership: Ability to guide and manage tax compliance processes across multiple business units.
- Stakeholder Management: Excellent communication and coordination skills for managing internal and external stakeholders.
- Adaptability: Ability to stay updated on the latest tax laws and implement changes effectively within the organization.
- Critical Thinking: Strong decision-making abilities, especially in tax litigations and audits.
- Team Collaboration: Proven ability to work closely with cross-functional teams and lead initiatives that improve compliance and reporting standards.
Required Qualifications:
- Chartered Accountant (CA) certification is mandatory.
- 5-10 years of relevant experience in tax compliance and management.
- At least 3-4 years of experience working with SEZ/STPI compliances.
- Preferably 3-4 years of experience with a Big 4 accounting firm.
Required Work Experience:
- Extensive experience with Indian tax laws, including hands-on experience in TDS, GST, and Transfer Pricing.
- Demonstrated experience in handling SEZ/STPI compliances and filings for at least 3-4 years.
- Experience working with ERP accounting packages such as Microsoft D365.
- Proven track record of managing tax-related audits and litigations successfully.
- Exposure to global taxation will be considered an advantage.
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