Company: Vidya Wires Limited
Department: Finance & Accounts
Designation: Taxation Assistant Manager
Reporting To: Chief Financial Officer (CFO)
Location: Vithal Udyognagar, Anand, Gujarat
Position Summary
The Taxation Assistant Manager shall be responsible for overall management of indirect and direct tax compliances of the company, primarily focusing on GST, TDS, statutory tax compliance, reconciliations, assessments, notices handling, and liaison with statutory authorities and consultants. The role shall ensure timely tax compliance, risk mitigation, tax planning, and adherence to applicable laws and regulations.
Key Roles & Responsibilities (KRA)
1. GST Compliance & Management
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Ensure timely and accurate preparation, verification, and filing of all GST returns including GSTR-1, GSTR-3B, GSTR-9, GSTR-9C and any other applicable returns.
- Ensure proper reconciliation of GST data with books of accounts, purchase register, sales register, E-way bills, and GSTR-2B.
- Monitor Input Tax Credit (ITC) eligibility, utilization, reversals, and compliance under GST provisions.
- Ensure vendor GST compliance and reconciliation to maximize eligible ITC.
- Handle GST registration, amendments, LUT applications, refunds, and cancellation procedures, wherever applicable.
- Manage GST audits, departmental assessments, scrutiny notices, and litigation matters.
- Ensure compliance related to E-invoicing, E-way bills, reverse charge mechanism (RCM), job work provisions, and export/import related GST matters.
- Coordinate with internal departments such as Purchase, Stores, SCM, Logistics, Accounts, and Sales for GST-related documentation and compliance.
Keep track of amendments and updates in GST laws and implement necessary changes in internal processes.
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2. TDS Compliance & Direct Taxation
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Ensure timely deduction, payment, and filing of TDS/TCS returns under the Income Tax Act.
- Verify applicability and accuracy of TDS deductions on vendor payments, contractor payments, salaries, rent, professional fees, commission, freight, and other applicable expenses.
- Ensure timely issuance and reconciliation of TDS certificates (Form 16, Form 16A).
- Reconcile TDS with books of accounts and Form 26AS/TRACES records.
- Handle lower deduction certificates, notices, defaults, interest, and penalty matters related to TDS.
- Coordinate for annual tax audits and statutory audit requirements concerning direct taxation.
3. Statutory Compliance & Tax Governance
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Ensure compliance with all applicable taxation laws, statutory provisions, and regulatory requirements.
- Maintain statutory registers, records, tax workings, and documentation for audit and departmental scrutiny.
- Ensure proper accounting treatment of GST, TDS, and tax provisions in ERP/accounting systems.
- Establish internal controls to minimize tax exposure, interest, penalties, and non-compliance risks.
- Conduct periodic internal compliance checks and reconciliations.
4. Audit, Assessment & Department Liaison
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Coordinate with statutory auditors, tax auditors, internal auditors, and consultants for tax matters.
- Prepare and submit required data for GST audit, tax audit, and financial audit.
- Draft replies and coordinate submission for notices, assessments, summons, and departmental queries.
- Liaise with GST, Income Tax, and other statutory authorities as required.
5. MIS, Reporting & Process Improvement
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Prepare monthly taxation MIS and compliance dashboards for management review.
- Monitor tax liabilities, refunds, pending litigations, notices, and compliance status.
- Recommend process improvements and automation for tax compliance and reconciliation.
- Assist management in tax planning and optimization within legal framework.
Key Performance Indicators (KPI)
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100% Timely Filing of GST, TDS, and statutory returns.
- Zero or Minimum Penalty/Interest due to delayed or incorrect compliance.
- Accurate GST Reconciliation with maximum eligible ITC utilization.
- Closure of Notices/Assessments within stipulated timelines.
- Compliance Accuracy Rate in tax deductions and filings.
- Effective Vendor Compliance Monitoring for GST ITC matching.
- Audit Readiness and documentation accuracy.
Key Skills & Competencies
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Strong knowledge of GST Act, Income Tax Act (TDS/TCS), statutory compliance, and tax regulations.
- Expertise in GST reconciliations, ITC management, and tax return filing.
- Knowledge of E-Invoicing, E-Way Bills, RCM, Export/Import Taxation.
- Strong analytical and reconciliation skills.
- Good liaising and drafting skills for notices and departmental communication.
- Proficiency in ERP systems, MS Excel, and accounting software.
- Attention to detail and problem-solving ability.
Educational Qualification
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CA / CMA / M.Com / MBA (Finance) / B.Com with specialization in Taxation or Finance preferred.
- Additional certification in GST or Taxation shall be an added advantage.
Experience
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5–10 years of relevant experience in handling GST, TDS, taxation, and statutory compliances preferably in manufacturing industries.
