Job Purpose
Direct Tax
-ordinate and extend necessary support for timely closure of tax audit assist in preparation and timely filing of the companys income tax return assist in meeting all other DT related compliances as and when they fall due
in quarter closure and year end activities on tax provisioning ETR calculations etc
in responding to scrutiny and other income tax notices as well as appeal matters
in responding to internal tax queries
abreast of developments in the field and take up responsibility to proactively update the stakeholders on the same
Indirect Tax
draft written responses to routine inquiries data requests responses to subsidiaries prepare and modify documents including correspondence reports drafts and emails for data requests etc. to & from subsidiaries
in a dynamic tax environment with focus on indirect tax matters (including GST) such as new business initiatives M&A contract reviews implementation of tax technology and general technical indirect tax questions to & from all subsidiaries
reviews and analyze the existing systems and processes for improvement across subsidiaries
Key Result Areas
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) |
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KRA1 | Advance Tax Provision for Tax and Deferred Tax: | Finalization of Advance Tax and Provision for tax calculations. Critically analyze all legal and factual aspects of emerges in the advance tax and Provisions calculations. Ensure best estimation of advance tax in sync with provision for taxation. |
KRA2 | Ensure compliance of Tax Audit &timely filing of Tax Returns: | To inform companies on various amendments in compliance of Tax Audits / Transfer pricing audits. Resolving queries of Tax auditors and ensuring timely completion of Tax audit. Ensuring finalization of tax returns and notes thereto (Income-tax & Wealth-tax). Review of tax returns of Employee welfare trust Gratuity Trust etc. |
KRA3 | Quantifiable data on additional Revenue / delta profit estimated Qualitative benefits of adding this position (Process Customer People metrics) | Indirect Tax out the compliance calendar and track the IDT compliance of 12 group entities/subsidiaries across PAN India locations thru the inhouse team/ T.P. role of subsidiaries. Flag the non-compliances on monthly basis for necessary corrective action subsidiary is having presence in 3-5 states now and all are having exponential growth projection during next few years by spreading its presence to T1-T2 cities. Handholding in-house team providing timely support and guidance to ensure smooth functioning is the need of the hour for business expansion the standard compliance procedures are being followed across the group entities and align them to the ABFRL compliance process and internal control business to navigate the customer/ Vendor related issues from GST perspective in line with ABFRL processes and control in place |
KRA4 | Tax planning and carving efficient tax structuring to optimize tax benefits: | Direct Tax Currently the above responsibilities are being handled. The nature of work requires lot of efforts at the ground level too. It is therefore necessary to have a team member to assist carrying out ground level work. Further with the addition of more subsidiaries the volume of work has gone up in terms of monitoring their tax compliances reviewing their tax provisioning etc. Hence the need for an additional team member.
Indirect Tax Presently the support is extended by the reporting manager directly under CFD capacity to guide subsidiaries for their overall IDT compliances. As the number of subsidiaries/group entities increased from 2 to 12 in a span of 2 years an additional resource was necessary to monitor and support all the subsidiaries along with ABFRL stand-alone IDT compliance. support in timely closure of all direct tax related compliance activities like tax audit return filing etc. in smooth closure of quarter and year end activities in collating details so as to enable filing timely responses to income tax and appeal notices out extensive and exhaustive research for responding to tax queries as and when they come up updates to be circulated to stakeholders in the field of DT |
Required Experience:
Manager