Shoppers Stop - Manager - Indirect & Direct Taxation

Manager - Indirect & Direct Taxation

Responsibilities:

Indirect Tax:

Compliance Management:

- Monitor and ensure timely and accurate filing of all statutory indirect tax returns (GST, VAT, etc.).

- Stay updated on changes in indirect tax laws and regulations and ensure compliance.

- Manage and maintain accurate records of all indirect tax transactions.

Assessment & Litigation:

- Complete all pending assessments related to the pre-GST/VAT period.

- Verify the accuracy of VAT computations.

- Manage and resolve pending tax litigation, including appeals, cases, and rectification.

- Represent the company in tax proceedings and liaise with tax authorities.

System Implementation & Optimization:

- Oversee the completion and implementation of sales tax software.

- Ensure the effective utilization of the software for accurate tax calculations and reporting.

Audit & Documentation:

- Complete statutory audits and fulfill audit requirements.

- Prepare audit schedules and documentation.

- Monitor the issuance and record-keeping of Withholding Tax (WCT) TDS certificates and statutory forms.

Business Support & Optimization:

- Manage the Sales Tax registration process for new stores.

- Analyze business logistics and supply chain to identify and implement tax optimization strategies.

- Monitor and optimize input tax credit utilization.

Team Leadership:

- Effectively manage and lead the indirect tax team, ensuring high productivity and performance.

- Provide guidance, training, and mentorship to team members.

Direct Tax:

Tax Planning & Strategy:

- Develop and implement tax planning strategies for individuals and corporate entities within the group.

- Optimize tax liabilities and ensure compliance with direct tax laws.

Financial Reporting & Compliance:

- Prepare tax provisions and deferred tax workings, including ETR reconciliation, and ensure vetting by statutory auditors.

- Calculate and pay advance tax on a quarterly basis.

- Prepare and file income tax returns for group companies.

- Prepare and upload Form 3CD (Tax Audit Report) through the e-filing portal.

Litigation & Appeals:

- Prepare grounds of appeal for filing with CIT(A) and ITAT.

- Manage and resolve direct tax litigation, avoiding delays and penalties.

TDS Management:

- Prepare monthly TDS summaries and ensure timely payment of TDS on salary and non-salary payments.

- Coordinate and train unit personnel on accurate TDS accounting and deduction.

- Obtain lower deduction tax certificates.

Coordination & Communication:

- Coordinate with unit accountants for accurate TDS accounting and tax deductions.

- Liaise with income tax personnel for tax proceedings and orders.

- Coordinate with tax consultants for opinions and queries.

- Communicate effectively with internal and statutory auditors.

- Preparation of Form 15CA & 15CB - Foreign Remittance related to services.

- Preparation of Assessment and Block Assessment details.

Advance Tax:

- Ensure correct rationale for advance tax payment on due dates.

Qualifications & Experience:

- Bachelor's degree in Commerce or Finance.

- MBA in Finance or related field is highly preferred.

- Chartered Accountant (CA) or equivalent professional qualification is mandatory.

- Minimum of 8-10 years of experience in indirect and direct taxation, preferably in a large or mid-sized organization.

- Strong knowledge of Indian tax laws and regulations, including GST, Income Tax, and other relevant statutes.

- Proven experience in handling tax assessments, audits, and litigation.

- Excellent analytical, problem-solving, and decision-making skills.

- Strong leadership and team management skills.

- Excellent communication and interpersonal skills.

- Proficiency in MS Office and tax software.

- Experience with tax software implementation is a plus.

Skills:

- Tax Planning & Compliance

- Tax Litigation & Assessment

- GST & Income Tax Expertise

- Financial Reporting & Analysis

- Audit & Documentation

- Team Leadership & Management

- Communication & Interpersonal Skills

- Problem-Solving & Decision-Making

- Software Proficiency (MS Office, Tax Software)

- Analytical skills.