Industrial Trainee - Tax

Objectives of the Role:

Assistance in complying with tax laws - Direct as well as Indirect for

- The Asset Management Company (AMC) and its subsidiaries

- Funds managed by the AMC spanning across Mutual Fund, AIF, GIFT City and offshore

Some of the key responsibilities include the following:

Compliance with Tax Laws

Direct Taxation

• Tax computations of Funds for NAV, finalizing the income tax liability
• Advance tax calculations and payment
• Supporting tax audits and Income Tax Return filing
• Compliance with quarterly TDS, TCS returns, reviewing workings and payment of monthly TDS, TCS and STT liability
• Compliances with respect to overseas payments
• Timely and accurate filing of annual STT return

Indirect Taxation

• Ensuring timely preparation of invoices through E-invoice portal. Coordination with consultants for compiling data for GSTR-1 and GSTR-3B (monthly filings). Computing reversals under rule 42.
• Reconciliation of ITC with GL and Form GSTR-2B. Follow-up emails with vendors for mismatch with GSTR-2A. Assistance in preparation of GSTR-9 (Annual return) and reconciling it with the financial statements. Three-way recon of revenue with 26AS, GL & GSTR-3B. Payment of monthly statutory liability.
• Inter-branch invoicing / cross charge and related workings, adhering to GST laws.
• Tracking amendments to the GSTN registration certificate. (Director’s change, address change etc.)
• Preparation of state wise financials for GST purpose.

Other Responsibilities

• Tracking notices and correspondences received from direct and indirect tax departments and ensuring timely and accurate compliance with the same
• Collaborate with external tax advisors and consultants as needed.
• Tracking changes in tax laws and updating the team and relevant stakeholders

Years of Experience

• Fresher

Educational Qualifications

• Inter CA