JOB DESCRIPTION
SECTION I: BASIC INFORMATION ON THE ROLE
Responsible for assisting in the efficient functioning of overall taxation process
SECTION II: JOB SUMMARY
Responsible for both and Indirect Tax Compliance and also actively participate in tax planning for the Company by providing inputs for decision making and analytical support to the tax function of Finance & Accounts Department.
SECTION III: DO – KEY ACTIVITIES AND RESPONSIBILITIES OF THE ROLE
- To initiate and implement tax planning activity for the company
- To draw strategy for both direct and indirect tax compliance
To exhibit effective professional relationship with tax partners
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- To ensure on time statutory payment in the prescribed format
- To ensure periodic E-filing
- To effectively handle tax changes and its financial impacts
- To manage pricing in lines with updated taxing policy
- To manage recovery and relief of indirect taxes
To create effective tax planning and wealth management for the company
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- To ensure flawless compliance to TDS
- To maintain healthy relationship with Tax consultants
- To provide tax guidance and structure to internal members
- To ensure effective handling of tax related quires – both internal and external
To liaison with Government authorities and other tax partners.
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Internal Process/Internal Process/Operations
- To ensure total tax compliance of various tax laws and law requirement
- To ensure and account for value added tax, where ever applicable
- To finalize Annual TDS workings & Issue of TDS Certificates for all payees within statutory due-dates and internal target dates
- To ensure timely remittance of periodic Indirect Taxes like Service Tax, VAT & filing of all relevant periodic Returns
- To ensure maintenance of detailed and up-to-date records as required under law and claim necessary input credits and Prepare Periodic Returns and subject the same for vetting by tax counsel well in advance of statutory due date and internal target dates
- To ensure preparation of advance tax and FBT calculation
- To review basic tax computation grade wise
- Update on changes in tax laws, in general, and those impacts the company’s business, in particular.
- To provide the tax team with technical updates by means of practical training programmes
- To create a talented team to facilitate smooth internal operation
SECTION IV: DELIVER – KEY OUTPUTS / RESULTS FROM THE ROLE
Key Performance Indicators (KPI) What are the measurable indicators for the role?
- On time statutory requirements
- Timely remittance of Indirect and direct taxes
- Effective monitoring of time limits
SECTION V: DISPLAY – KNOWLEDGE & SKILLS
In this section, please mention the qualification, technical skills and capabilities which are essential to execute the role. It may be a reflection of your own qualification and skills
Qualification and technical skills required to execute the role. Please mention any functional knowledge. E.g. PhD in xyz
Taxation special training
Experience levels required to execute this role
E.g. 2-4 yrs of experience as a salesman in abc market
Behavioral skills / competencies required for the role. E.g. Attention to detail
Interpersonal skill
Analytical skill
Problem solving skill
Accuracy
Liaisoning skill
SECTION V: KEY INTERACTIONS
Mention names of the roles which are not in your department with whom this role interacts
Key Interaction – Internal
Nature or purpose of interaction
Key Interaction – External
Nature or purpose of interaction
