The individual will be a part of Accounting and Business Support team learning and assisting clients in managing their accounting including preparation of MIS and other reports and various applicable compliances including but not limited to Payroll including labour laws, tax withholding, Goods and Services tax, Corporate tax, Reserve bank of India and certifications for foreign remittances.
Training Includes:
The incumbent shall be allocated 2-3 full retainer clients along with 1-2 clients with selected jobs and will be responsible for ensuring the agreed compliances for those clients. He/she shall work closely with senior/assistant manager on these jobs who shall closely review his/her work. The responsibilities shall include but shall not be limited to:
Accounting and Bookkeeping:
Recording of Transactions for different kinds of Companies
Checking of transaction for applicability of TDS
Maintaining stock , if applicable
Finalisation of end-to-end accounting including closures entries like prepaid, depreciation, provisions etc.
Preparation of Fixed assets register for the purpose of calculation of depreciation.
Preparation of monthly MIS reports.
Preparation of financial statements as required by Schedule III of the Companies Act, 2013, along with related schedules.
Assistance during statutory audit/tax audit including preparation of schedules as may be required by statutory auditors.
Payroll Compliances:
Preparation and processing of monthly payroll based on the data received from the clients.
Finalisation of salary structures of the employees for the financial year, estimating the annual tax liability of each employee.
Preparation and filing of various labour law related returns (PF, LWF, PT etc)
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Income Tax Compliances:
Preparation of monthly TDS liabilities of clients and their payment of challans.
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Preparation and filing of quarterly TDS Returns.
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Computation of quarterly tax liability to be deposited as advance tax.
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Computation of annual corporate tax liability for filing of corporate tax returns.
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Preparation and filing of Form 15CA/CB for foreign remittances.
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Preparation of schedules of Tax audit (Form 3CD).
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Filing of various applicable Forms like 49C, SFT etc
Assistance in proceedings initiated by tax withholding authorities.
GST Compliances:
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Preparation and filing of monthly/quarterly GST returns (GSTR-1/GSTR-3B)
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Preparation and filing of annual return (GSTR-9) and annual reconciliation statement (GSTR-9C).
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Assistance in obtaining registrations and amendments if any.
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RBI & Other Compliances :
Preparation and filing of Statement of Foreign Liabilities and Assets with RBI
Preparation, certification and filing of Form ECB-2 for External Commercial Borrowings.
Prparation and filing of Statement of DGP report
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ROC Forms filing and drafting minutes
Desired Skills:
- Average communication skills to provide a comfort to clients
- Basic Excel
- Moderately conversant with English language \u2013 read, write and spoken