Savani Financials - Taxation Specialist

About Organization:

Savani Financials Limited is a medium-sized Non-Banking Financial Services Company engaged in the sole business segment of financial services. Savani Financials Ltd. holds a license from the RBI to operate as an NBFC and is listed on the stock exchange. The Company intends to commence lending operations on April 1, 2024, and is in the process of recruiting the necessary personnel. The Company places a lot of importance on developing a positive and empowering work culture and ensuring a congenial environment for its employees.

Scope of role:

We are seeking a skilled and detail-oriented Taxation Specialist to join our team. The primary responsibilities of this role include preparing TDS (Tax Deducted at Source) and GST (Goods and Services Tax) Return workings and ensuring timely and accurate filing of TDS and GST Returns. The ideal candidate should have a strong understanding of tax regulations, excellent analytical skills, and the ability to work efficiently under deadlines.

Key Responsibilities:

Prepare TDS and GST Return Workings:

- Analyze financial data, invoices, and transactions to calculate TDS and GST liabilities accurately.

- Ensure compliance with TDS and GST regulations, including deduction rates, exemptions, and thresholds.

- Prepare working papers, reconciliations, and documentation supporting TDS and GST calculations.

File TDS and GST Returns:

- Prepare and verify TDS and GST Returns using relevant forms and formats as per regulatory requirements.

- Coordinate with internal teams, external vendors, and tax authorities for timely submission of TDS and GST Returns.

- Review and validate return filings to ensure accuracy, completeness, and adherence to filing deadlines.

Compliance Monitoring and Reporting:

- Monitor changes in TDS and GST regulations, notifications, and circulars issued by tax authorities.

- Keep abreast of updates in tax laws, rulings, and compliance obligations related to TDS and GST.

- Prepare periodic reports, compliance trackers, and dashboards to track TDS and GST compliance status.

Tax Planning and Optimization:

- Assist in tax planning strategies to optimize TDS and GST liabilities and maximize tax benefits.

- Identify opportunities for tax savings, credits, refunds, and incentives within the TDS and GST framework.

- Provide recommendations and support to management on tax-efficient practices and compliance matters.

Audit Support and Documentation:

- Coordinate and assist with TDS and GST audits conducted by tax authorities or external auditors.

- Maintain organized and accurate records, documentation, and filings related to TDS and GST compliance.

- Respond to queries, notices, and assessments from tax authorities regarding TDS and GST matters.

Qualifications and Skills:

- Bachelor's degree in accounting, Finance, Taxation, or a related field.

- 2 to 3 years in TDS and GST compliance, return preparation, and filing processes.

- Strong knowledge of Indian tax laws, TDS provisions, GST regulations, input tax credits, reverse charge mechanism, and e-filing procedures.

- Proficiency in tax software, accounting tools, and MS Office applications (Excel, Word, PowerPoint).

- Excellent analytical skills, attention to detail, and ability to interpret complex tax laws and regulations.

- Effective communication skills to collaborate with internal teams, external stakeholders, and tax authorities.

- Ability to work independently, prioritize tasks, and meet deadlines in a dynamic and fast-paced environment.

- Strong ethics, integrity, and commitment to maintaining confidentiality in handling tax-related information.