Manager - Taxation - CA/ICWA - FMCG/Industrial/Healthcare/Pharma

Manager - Tax Accounting & Excise

Position Purpose (A brief statement indicating the basic purpose of the position)

ED clearing account, PLA on hold

Propose for corrective actions for manufacturing Proper accounting of all Indirect Taxes is a crucial job for Indirect Tax operations team. The clearing of all Tax GLs based on GARM Matrix and ensuring that the proper effect of the tax demands, refunds, cenvat availment and write off and write backs are properly reflected in the books of accounts is very crucial. Timely booking of entries and pointing out in case of any issues in accounting done by SSC team, is important on a routine basis.

The purpose of the said role is for two jobs a) Being Managers of Tax Accounting based in HO, ensuring appropriate entries are done and clearing on a proper basis, in all GLs related to Indirect Taxes - VAT, Excise and Service Tax AND B) To act as a Coordinator for Excise Tax Compliances for a companies in India, as applicable from time to time for maximum benefit of the company. Provide active support to all Plant Tax Managers in terms of Excise compliances in different parts of India.

Major tasks and responsibilities of position (max. 8 key topics)

1. Tax Accounting

- Reconciliation of CenVAT Cess clearing account locations to perform

- Passing JVs in CIN - for cancellation of excise invoice, claiming of CenVAT on price difference, reversal of CenVAT on error in CenVAT claim)

- Accounting reviews and arranging for entry related to Tollers

- Accrue Excise expense entries - Production, RM/PM/SFG sold, export rebate

- Accounting of branch written material

2. Tax Account Reconciliation and Reviews

- Reconciliation of all Toller's Excise & CENVAT account

- Finalization of Rebate claim register for tracking rebate claim

- Preparing Audit schedules related to tax and discussing with Auditors

- Preparing monthly status of report of Tax Accounts in line with CARM.

- Credit and charge offs - payments and parking

- Writing off / Writing back old balances wherever required

3. System and SAP related Works.

- SAP / System related support for Excise

- Modifications & enhancements in SAP related reports to enhance accuracy of declaration

- Ensure availability of accurate system based - Purchase & Services Bookings to meet all statutory requirement of Excise

- Interact with SAP / IT team for debugging and enhancement

4. Maintenance of Masters, Tax Conditions and Tax Rates

- Review of customer master & vendor master, tax conditions for Excise

- Ensure correct tax related information updated in customer & vendor master.

- Ensure correct tax charged as per Excise Tariffs

5. Ensure effective and efficient controls in the area of Excise

- Maintain SOP for Excise Liability workings and its adherence

- Ensure proper documentation in line with Excise returns.

- Place mechanism to review Excise related GL to ensure completeness & correctness in booking of Excise and CENVAT.

6. Ensure timely compliances and ensuring timely filling & collection of refunds

- Ensure compliance and timely deposition of Excise

- Monitor timely filling of Excise Returns at all applicable places

- Ensuring availability of documents in support of returns - refund applications

- Ensuring timely filling & collection of Excise refunds whenever required (specially in case of exports)

- Standardize the documentation level for Excise/Service Tax credit and returns supporting

Qualifications :

(Education, skills, experiences and personal characteristics necessary for success in this position)

- CA/ICWA with knowledge of Tax Accounting and experience of minimum 1 year in corporate

- Preference to knowledge of tax and SAP concepts

- Sound knowledge in the area of reporting procedures

- Sound knowledge of Excise/Service Tax concepts, processes and Rules

- Good communication skills and team worker