Chartered Accountant

Qualification(s)

• Chartered Accountant

Specialization Required/Skills

• Very strong in Taxation (CA)

Experience Required

• 8 to 10 years out of which 5 years in Manufacturing

Responsibilities

• Circulate detailed information for implementation of all new Tax rules and regulations in the company
• Ensuring on daily basis, along with taxation team members, that documentation, particularly e-invoicing for all outward supplies is being done and to resolve difficulties, queries, omissions along with IT & systems team
• Circulating list of GST defaulters to divisions by the 22nd of each following month for previous month
• Checking and taking decision regarding unlocking Bank payment voucher for releasing payments Vendors who are GST defaulters as per division requests
• Resolving queries pertaining to ailment of ITC (Input tax credit) to ensure that we do not lose any money on that account.
• Ensuring that GSTR-1 and GSTR-3B returns and filed on or before the due dates
• Make Online GST Payments after ensuring liability as per books of accounts
• Computing, monitoring and making online advance Tax / self-assessment tax payments
• Make sure that E-Invoicing is perfectly working and customers do not face any problem in taking ITC
• Responsible for completion of GST Audit / filing GSTR-9 / 9C return before the due date
• Responsible for timely filing of Tax Audit report and Income Tax return
• Handling and concluding GST audits / Assessments by GST departments
• Handling Income tax Assessments and submissions therefore.
• Keeping all tax related registrations up to date
• Making GST appeal with the help of consultant and attending personal hearings for conclusion
• Obtaining Export benefits Such as under RODTeP scheme and utilising the same for custom duty payments to ensure cash benefit
• Imparting trainings on various Taxation matters to concerned members in all divisions
• To do Internal Audits of all divisions for Taxation matters. Follow up for closure of NC s
• Resolving queries, if any with respect to Drawback Claims.
• Various permissions such as container stuffing etc
• Updating of Udam Registration
• Applying and availing benefit of Amnesty schemes, if any
• Resolving queries raised by the Bank with respect to BRC s (Bank realization certificates) for export proceeds
• Complying with Legal procedure / GST procedures for storing goods outside Factory
• Handling all taxation, Sales and receivables related activities for timely completion of statutory audit
• Timely completion of Income tax audit and filing Income tax returns
• Calculation and monitoring advance income tax payable on Quarterly / monthly basis and making payment thereof by due dates
• Monitoring on line TDS defaults reflected on TDS site quarterly and getting them resolved. Also clearing outstanding tax demands arising out of online scrutiny of returns by department
• DGFT related activities
• Review of all Tax related ledger reconciliations for appropriate accounting
• Guiding divisions to resolve e-way bill related difficulties
• Fixing HSN and GST rates for new Products
• Based on the yearly reconciliation Publish list of Invoices appearing on our account but not found in our books for appropriate accounting after perusal.
• Obtaining Income tax refunds
• Accounting appropriately differences arising out of Tax Audit / Assessment by department after verification
• Keeping IEC (import export code registration) up to date and mandatory updating of registration every financial year between April-June
• Applying and obtaining Central / state government Subsidies, if eligible.
• To calculate re-instatement value of all Machineries, Furniture fixtures, Office equipment etc. based on multiplying factor as per Index given by broker
• Invite quotes and do the Property insurance on yearly basis and updating all policies on quarterly basis or as & when the valuation goes up
• Ensuring that adequate marine insurance is taken for imported Machineries and for other consignments that is in our scope. Also wherever necessary domestic transit insurance is taken.
• Obtaining Insurance Claims from the Insurance company
• Getting Concessional rate of Custom duty
• Making additions of new employees / deletions of left employees in the Group personal accident policy & getting the endorsement
• Various refund claims such as stock declaration claims etc
• Answering all types of Customs queries referred by division and replying to show cause notices, appearing for PH etc
• I tax appeals

Additional Requirements

• N.A