Tax Consultant

Position Responsibilities (GST):

Goods and Service Tax

• Filing of Monthly, Quarterly and Annual GST (GSTR 1, GSTR 3B, GSTR6, GSTR 9 & GSTR 9C) returns as per the timeline provided by Government from time to time.
• Liaising with IDT Govt. authorities, consultants, ASP / GSP service providers.
• Reconciliation preparation to ensure accurate return filing, GST Balance (Credit Ledger & Books of Accounts) reconciliation, revenue reconciliation, customer reconciliation, vendor reconciliation.
• Supporting revenue team in eInvoice preparation and preparing reconciliation of Invoices with IDT authorities’ data.
• Calculating, monitoring and timely payment of RCM (Reverse Charge Mechanism).
• Match suppliers and customers GST invoices with GST returns, Investigate and communicate with Accounts Payable and Accounts Receivable team for corrections as required by Vendors and Customers.
• Reconciliation of GSTR2A v/s purchase register and preparation of detailed statement, follow up with vendors / suppliers’ invoices which are not reflected in GSTR2A.
• Reconciliation of input tax credit availed in GSTR3B with books of account.
• Ensure the changes in ERP system and accounting process for all the amendments to GST Law time to time by the Government.
• Support GST Audit, Statutory Audit, Internal Audit, Preparations of data and get the audit closed without any gaps.
• Preparation of LUT (Letter of Undertaking) on GST portal for export goods/services.

Foreign Subsidiaries

• Maintaining proper books of accounts and responsible for monthly closing for the assigned subsidiaries.
• Review of trial balance and accounts and prepare necessary schedules.
• Interacting with the Company Secretaries for various Local Companies Act matters.
• Interacting with the auditors for timely completion of audits.
• Quarterly reporting of financial numbers and notes in Hyperion Financial Management (HFM).

Other Responsibilities

• Supporting and working with the direct tax manager on the direct tax compliances, reporting, submissions, and reconciliations.
• Helping in getting the statutory compliances completed within the deadlines.
• Support on building strong internal controls within the finance function.
• Implementing best practices and Ad-Hoc Reporting and Analysis.
• Supporting with in-depth analysis for board meetings and presentations.
• The candidate should be well versed on SAP.