Corporate HR at Spandana Sphoorty
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Spandana Sphoorty - Senior Manager - Taxation - CA (5-7 yrs)
Role : Senior Manager Taxation
Reports to : AVP- Accounts and Tax
Supervises : Assistant Managers
Team Size & Dispersion: (Direct & Indirect reports, Single/ Multiple locations):- 3 people, 2 direct reports
Location:(Division /Branch Corporate): Corporate
Operating Network (Internal): Accounts, Payroll, Operations & Corporate functions
Operating Network (External:) Consultant, Tax authorities, Auditors, Vendors, Statutory & Regulatory Agencies;
Purpose of the Role:
The incumbent is mainly responsible for leading the day to day and regular compliances covering Direct Tax and Indirect Tax matters in close supervision and guidance of AVP Accounts and Tax Consultant. This includes ensuring overall review of the work performed by subordinates, compliance of TDS, Corporate Income Tax, GST including relevant returns, payments of taxes, liaison with stat. auditors and tax auditors, accounting team etc.
Areas of Responsibility:
1. Direct Taxes & Compliance - He will be responsible for ensuring that company complies with all Corporate tax compliance and that all filings with the respected authorities are done correctly & on time and that there are no outflows / fines/ levies imposed on company on account of non-compliance. Responsibilities will include:
i) Should have through knowledge of TDS related computations, laws and compliance
ii) Review all base computations for external vendor TDS and salary TDS
iii) Ensure the process of employee taxation is implemented as per plan and proper checks are functioning for new employees/resigned employees
iv) Reviewing monthly/annual reconciliation between relevant computations and books of accounts
v) Getting sign off from AVP and Tax consultant on workings and have payments approved from relevant authority.
vi) Ensuring correct payments for TDS
vii) Ensuring all direct tax compliance work allotted to AM and Executive are done with time frames.
viii) Tax Accounting support: preparation of Tax provisions, deferred tax, current/non-current, contingent liabilities, etc. and related workings
ix) Implementing controls on all direct tax compliance
x) Assist Tax consultant in tax assessments, refunds appeals filling and other departmental works.
xi) Ensure no TDS defaults, Income Tax defaults, tax demands arise or remain unresolved in consultation with the tax consultant
xii) Ensure relevant support, documentation and information needed for completing tax part in statutory audit, tax audit, management audit, RBI audit, due diligence or any such audit etc.
xiii) Ensure all direct tax compliances required with external agencies like Form 16A, Form 15CA etc are complied with
xiv) Driving the implementation of changes in tax laws, training & guiding the team and other employees for tax related matters,
2. Indirect Tax & Compliances:
i) Should have sound knowledge of GST
ii) Reviewing monthly GST computation for Output, Input and final liability
iii) Reviewing monthly GST detailed computation for regular and ISD input and it's distribution
iv) Ensure preparation of GST mandated invoices
v) Ensure preparation of GST compliant Input registers and other documents
vi) Preparing and filling of all relevant GST returns
vii) Reviewing reconciliation of monthly computation and balances with books
viii) Ensuring all direct indirect compliances work allotted to AM and Executive are done with time frames.
ix) Implementing controls on all indirect tax compliances
x) Getting sign off from AVP and Tax consultant on workings and have payments approved from relevant authority
xi) Ensuring issue of mandatory documents to vendors like invoices, Way bills, other Forms mandated under GST Act.
xii) Ensure states, branches and HO follows all documentation and disclosure requirements under GST Act.
3. Fund Management - He is expected to review and ensure the treasury is notified about all upcoming tax payments about SSFL/Group Entities.
4. Corporate Affairs - He will also be responsible for various corporate matters as outlined by the management.
5. Audit & Compliance - He is expected to engage with auditors (internal / external), ensure that all accounts are duly audited, any non-compliances are addressed and drive the highest level of compliances and ensure that there are no deviations from set standards.
Educational Qualification- and Experience Requirements: Qualified CA with minimum 4 years of experience post qualification.,
Knowledge / Skill-sets Required: Relevant experience should be in taxes
Other Skills Required - Good excel expertise, Strong Interpersonal Skills, Problem Solving Abilities,, Strive for Excellence, Time Management, Basic Computer/IT skills, developing team members
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