Deputy Manager Finance and Taxation

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Job Description

Responsibilities: Compliance with all Indirect Tax and Direct Taxes:

A. GST / Indirect Tax Compliance and Operations

• Independently manage end-to-end compliance under the GST law including CGST, SGST, IGST, and cess, as applicable.
• Compute monthly GST liability on all outward supplies,
• Ensure timely preparation and payment of:
  • GST outward liability,
  • RCM liability under reverse charge,
• Prepare and file GSTR-1 for monthly outward supply reporting.
• Prepare and file GSTR-3B after reconciliation of output tax, input tax credit, reverse charge, and tax payments.
• Maintain and review Input Tax Credit (ITC) register and ensure accurate availment as per GST law.
• Reconcile vendor invoices reflected in GSTR-2B with purchase register and ITC ledger.
• Identify ineligible, blocked, reversed, or disputed ITC and ensure compliance with reversal provisions.
• Track and resolve mismatches between books of accounts, purchase register, GSTR-2B, GSTR-1, and GSTR-3B.
• Ensure compliance for Reverse Charge Mechanism (RCM) transactions, including monthly review, liability computation, payment, and reporting.
• Review and verify job work statements and ensure timely filing of ITC-04 as applicable.
• Handle GST refunds in timely manner,
• Prepare and file annual GST compliance statements:
  • GSTR-9,
  • GSTR-9C.
• Perform financial reconciliation of GST returns with trial balance, general ledger, sales register, purchase register, and tax payment records.
• Review GST liability and ITC general ledger accounts on a monthly basis and pass corrective accounting entries, if needed.
• Support GST classification, valuation, place of supply, time of supply, and rate applicability reviews.
• Ensure proper treatment of credit notes, debit notes, discounts, freight, and other taxable adjustments.
• Monitor amendments in GST law, notifications, circulars, advance rulings, and judicial decisions.
• Deemed export return filing and coordination for refund.
• Handle legacy litigation cases related to Maharashtra Value Added Tax, Navi Mumbai Municipal Cess, Local Body Tax.

B. Reconciliations and General Ledger Scrutiny

• Scrutinize all GST and direct tax related general ledger accounts on a monthly basis.
• Reconcile:
  • GST liability ledger,
  • ITC ledger,
  • output tax accounts,
  • RCM liability accounts,
  • TDS/TCS payable accounts,
  • tax provision accounts,
  • refund receivable accounts.
• Ensure monthly accounting entries are aligned with statutory return filings and payment challans.
• Identify and resolve discrepancies arising from:
  • timing differences,
  • invoice booking delays,
  • vendor mismatches,
  • return filing differences,
  • incorrect tax codes,
  • accounting errors.
• Coordinate with Accounts Payable, Accounts Receivable, Logistics, Procurement, and Plant/Operations teams for data validation.

C. Direct Tax Compliance

• Manage complete compliance under the Income-tax Act, 1961 and Income-tax Act, 2025.
• Compute and monitor advance tax liability on a quarterly basis based on projected taxable income, MAT/AMT applicability, and deferred tax considerations where relevant.
• Ensure timely payment of advance tax, self-assessment tax and other tax liabilities.
• Review and finalize annual income tax provision / tax liability working in coordination with Finance Head.
• Review and finalise the annual deferred tax provisions in coordination with Finance Head.
• Prepare and file Income-tax Return (ITR).
• Coordinate and support tax audit proceedings, including preparation of Form 3CA/3CB and Form 3CD, as applicable.
• Prepare and review tax schedules, annexures, and reconciliations required for return filing and audit.
• Monitor TDS compliance under all relevant sections of the Income-tax Act:
  • deduction at appropriate rates,
  • deposit within prescribed timelines,
  • filing of quarterly TDS returns,
  • generation and issuance of TDS certificates.
• Handle TCS compliance, where applicable, including deduction, payment, return filing, and certificate issuance.
• Reconcile TDS/TCS books with statutory returns, challans, and Form 26AS/AIS/TIS data.
• Ensure timely resolution of any short deduction, short payment, or mismatches.
• Track notices, intimations, and communications from the Income-tax Department and prepare responses within due dates.
• Prepare and respond to assessments, reassessments, scrutiny, rectifications, appeals, and other proceedings.
• Coordinate with tax consultants and auditors for litigation and compliance support.
• Maintain robust documentation for tax positions, assumptions, and supporting calculations.
• Monitor changes in tax laws, circulars, notifications, and judicial pronouncements impacting the company.

D. Transfer Pricing Compliance

• Manage and coordinate compliance under the Indian Transfer Pricing regulations for international transactions and specified domestic transactions.
• Identify and review all associated enterprise transactions including purchase of goods, sale of goods, services, reimbursements, cost allocations, and any other cross-border dealings.
• Ensure maintenance and review of contemporaneous transfer pricing documentation as required under the Income-tax Act.
• Coordinate with external transfer pricing consultants for benchmarking analysis, selection and application of the most appropriate method, preparation of the transfer pricing study report, documentation support, annual compliance review.
• Preparation and filing of Form 3CEB along with the tax audit report, where applicable.
• Ensure timely and accurate disclosure of international transactions and related party dealings in statutory filings.
• Review transfer pricing positions for compliance with the arm’s length principle.
• Provide response to transfer pricing notices, assessments, queries, and audits issued by the Income-tax Department or Transfer Pricing Officer.
• Work with business and finance teams to collect transaction data, agreements, invoices, cost sheets, allocation keys, and supporting evidence for transfer pricing analysis.
• Reconcile transfer pricing workings with financial accounts, intercompany ledgers, and tax records.
• Support adjustments, if any, arising from transfer pricing review or assessment proceedings.
• Monitor changes in transfer pricing law, rules, notifications, judicial precedents, and OECD-related guidance that may impact the company.

E. Audit, Assessment, and Departmental Representation

• Coordinate with statutory auditors, tax auditors, transfer pricing auditors and internal auditors to ensure timely completion of audits.
• Prepare audit support files, reconciliations, working papers, and explanations for audit queries.
• Review audit observations and drive closure through internal discussion and documentation. Coordinate with GST and Income-tax authorities for notices, summons, inquiries, assessments, audit proceedings, demand proceedings, rectifications.
• Prepare submissions, reconciliations, and factual responses to departmental queries.
• Support hearings and follow-up with tax officers and consultants until matters are concluded.
• Maintain status trackers for audits, assessments, litigation, demands, and refunds.

F. Tax Planning, Controls, and Advisory Support

• Support tax-efficient planning within the framework of Indian tax laws.
• Assist in evaluating tax impact of business transactions, contracts, vendor terms, and supply chain changes.
• Review tax implications of:
  • sale of assets,
  • import/export transactions,
  • job work arrangements,
  • service procurements,
  • capital purchases,
  • employee-related tax recoveries, where applicable.
• Recommend process improvements to strengthen compliance and reduce tax exposure.
• Develop and maintain internal controls and SOPs for tax compliance.
• Train internal teams on tax documentation, invoice accuracy, and statutory requirements.
• Ensure proper record retention and document management for statutory and audit purposes.

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