Article Trainee - ABS

Position Overview

The Article Trainee will play a key role in supporting
Baker Tilly’s mission to deliver exceptional client service and strategic
insights. This position involves learning and assisting clients in managing
their accounting, preparing MIS and other reports, and supporting compliance
with Payroll (including labour laws), tax withholding, Goods and Services Tax,
Corporate Tax, Reserve Bank of India regulations, and certifications for
foreign remittances as part of the Accounting and Business Support team.

Training Includes:   

The incumbent shall be allocated 2-3 full
retainer clients along with 1-2 clients with selected jobs and will be
responsible for ensuring the agreed compliances for those clients. He/she
shall work closely with senior/assistant managers on these jobs who
shall closely review his/her work. The responsibilities shall include but shall
not be limited to: 

1.     Accounting and Bookkeeping: 

•     Recording of
Transactions for different kinds of Companies  

•     Checking of transaction
for applicability of TDS 

•    
Maintaining stock, if applicable 

•     Finalisation of
end-to-end accounting including closures entries like prepaid, depreciation,
provisions  etc. 

•     Preparation of Fixed
assets register for the purpose of calculation of depreciation. 

•     Preparation of monthly
MIS reports. 

•     Preparation of financial
statements as required by Schedule III of the Companies Act, 2013, along
with      related schedules. 

•     Assistance during
statutory audit/tax audit including preparation of schedules as may be required
by statutory auditors. 

2.     Payroll Compliances:   

•      
Preparation and processing of monthly payroll based on the data received from
the clients. 

•      
Finalisation of salary structures of the employees for the financial year,
estimating the annual tax liability of each employee. 

•      
Preparation and filing of various labour law related returns (PF, LWF, PT
etc) 

3.  Income Tax Compliances:   

•       Preparation of monthly TDS
liabilities of clients and their payment of challans. 

•       Preparation and filing
of quarterly TDS Returns. 

•       Computation of
quarterly tax liability to be deposited as advance tax. 

•       Computation of annual
corporate tax liability for filing of corporate tax returns. 

•       Preparation and filing
of Form 15CA/CB for foreign remittances. 

•       Preparation of
schedules of Tax audit (Form 3CD). 

•       Filing of various
applicable Forms like 49C, SFT etc. 

•       Assistance in
proceedings initiated by tax withholding authorities. 

4.     GST Compliances:   

•       Preparation and filing
of monthly/quarterly GST returns (GSTR-1/GSTR-3B) 

•       Preparation and filing
of annual return (GSTR-9) and annual reconciliation statement (GSTR-9C). 

•       Assistance in
obtaining registrations and amendments if any. 

5.     RBI & Other Compliances:   

•       Preparation and filing of Statement
of Foreign Liabilities and Assets with RBI 

•       Preparation,
certification and filing of Form ECB-2 for External Commercial
Borrowings.        

•       Preparation and filing
of Statement of DGP report 

•       ROC Forms filing and
drafting minutes