Location
Mumbai | India
Job description
Job Description
- JOB PURPOSE
- The person be responsible for overall supervision of PAN India indirect tax compliances, including GST, Central Excise, VAT, CST of the Company (22 States). Compliance check to ensure timely and right payment of tax, filing of returns, assessment, audit status, litigation status, ensuring accuracy of tax accounting, issuance of Forms-C, Form-F etc.
- The Person to lead proper system check and develop comprehensive MIS and controls. To identify manual process and lead the automation process while optimizing business and tax requirements.
- The person should have in-depth understanding of SAP and indirect tax law to handle large data base, including development of comprehensive purchase and sales registers to ensure smooth compliances under both indirect and direct tax including establishing matching between tax audit and GST.
- The person is responsible to lead & work closely with GST tax team to ensure system driven GST ITC reconciliation on PAN India level, optimizing ITC, develop controls related to rule 42 & 43 reversals under GST. Control the turnover reporting for non-GST and GST products for periodic and annual returns. Develop comprehensive data control for GST audit at PAN level basis
- Responsible to carry out advice on tax rates / changes in tax rate relating to VAT, CST and GST on real time basis to business team. Keep track of various tax updates, changes in law and analyzing impact on business and take appropriate steps.
- To monitor the queries raised by tax authorities (Central Excise, GST and VAT ) and arrange to provide the details in co-ordination with the other members of tax team, retainers and ensure proper closure of the queries raised.
- Responsible to represent Nayara in assessments, hearings and other department proceedings related to VAT/CST/GST
- Participating in discussion with Head Taxation, Senior Counsels for obtaining opinion on complex / litigious matters and assist the Counsel with facts and data.
- ACCOUNTABILITIES & RESPONSIBILITIES
Accountabilities Activities 1 PAN India level indirect tax compliance
- The person be responsible for overall supervision of PAN India indirect tax compliances, including GST, Central Excise, VAT, CST of the Company (22 States). Compliance check to ensure timely and right payment of tax, filing of returns, assessment, audit status, litigation status, ensuring accuracy of tax accounting, issuance of Forms-C, Form-F etc.
- The Person to lead proper system check and develop comprehensive MIS and controls. To identify manual process and lead the automation process while optimizing business and tax requirements.
- The person should have in-depth understanding of SAP and indirect tax law to handle large data base, including development of comprehensive purchase and sales registers to ensure smooth compliances under both indirect and direct tax including establishing matching between tax audit and GST.
- The person is responsible to lead & work closely with GST tax team to ensure system driven GST ITC reconciliation on PAN India level, optimizing ITC, develop controls related to rule 42 & 43 reversals under GST. Control the turnover reporting for non-GST and GST products for periodic and annual returns. Develop comprehensive data control for GST audit at PAN level basis
- Responsible to carry out advice on tax rates / changes in tax rate relating to VAT, CST and GST on real time basis to business team. Keep track of various tax updates, changes in law and analyzing impact on business and take appropriate steps.
- To monitor the queries raised by tax authorities (Central Excise, GST and VAT ) and arrange to provide the details in co-ordination with the other members of tax team, retainers and ensure proper closure of the queries raised.
- Responsible to represent Nayara in assessments, hearings and other department proceedings related to VAT/CST/GST
- Participating in discussion with Head Taxation, Senior Counsels for obtaining opinion on complex / litigious matters and assist the Counsel with facts and data.
2 Assessment and audits
Lead PAN India level assessments and attending audits under GST/VAT
3 Analysing proposed transactions & agreements for efficient tax structures to reduce the tax cost.
- Analyse and suggest on efficient tax planning and risk mitigation areas
- Analysing and drafting advisory notes on real time business issues from tax perspective.
4 Timely review of amendments in tax laws and rates.
- On regular basis advising business team (i.e. marketing / pricing) on state wise changes taking place relating to tax laws / VAT rates and implementing the same in the SAP system
- Optimization of Tax.
- Ensure PAN India compliances under Indirect tax, track and update litigation status. Ensure time to time automation of tax function. Keep track of changes under indirect tax laws specifically GST & VAT and execute requisite SAP changes to ensure smooth business operations.
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