TVS Supply Chain Solutions - Head - Taxation

Head-Taxation

The heads of tax demonstrate leadership of the tax function by designing and embedding the tax strategy within organizations. The primary task is:

- To solve complex business problems with suitable decisions across the organization.

- Ensure the 100% compliances.

- Manage specific tax related functions in addition to compliance-related activities.

- Keeping the organization aware of the implications of various direct and indirect tax laws on business decision.

Key Responsibilities:

- Engage with business for better Tax planning in Indirect Tax / Direct Tax (TDS Compliance).Liaise with other key tax, accounting, and finance professionals on process improvement projects.

- Responds to audits, inquiries, tax notices, and consolidate the tax data reports for audit and regulatory purposes.

- Track of changes in tax environment applicability to the company and provide guidance to the Sr Management for decision making.

- Manage external tax authorities and Consultants locally and regionally.

- Responsible for tax compliance, tax planning and tax efficiency of the company.

- Ensure the tax remittances (GST & TDS) as per timelines.

- On-Time filing Tax Returns-100% and Implementation of Tax changes as per deadlines specified - GST and TDS.

- Optimize the Input credit in line with act and minimize the cash outflow.

- Timely respond to GST Authorities / TDS Circle requirements and assessments.

- Completion of Tax Audit (GST & Income tax) as per timelines with error free.

- Manage all taxation matters through the implementation of efficient tax management strategies designed to optimize tax payments while meeting all tax reporting obligations and both legislative and corporate requirements.

- Minimise the Penalties during the Year in terms of Interest.

- Book Reconciliation and ensure 100% Credit Utilisation.

- Ensure all operations and functions are always carried out effectively in accordance with both local & corporate internal policies, and local legal requirements.

- Maintain tax balances within the general ledger by overseeing the preparation of aging and tax account reconciliations.

- Understand the company's business and maintain effective control on the tax processes.

- Reconcile tax data with financial statements and ensures accurate tax return completion and audit requirement.

- Find and implement opportunities for process improvement in company tax procedures.

- Maintain effective control procedures over all aspects of the tax process.

- Co-ordinate with internal stakeholders and collate the data to ensure the readiness of data for Tax Audit (GST and Income tax)

- Provide MIS to the management on all tax related issues at the agreed timelines. The heads of tax demonstrate leadership of the tax function by designing and embedding the tax strategy within organizations. The primary task is