Job Purpose:
We are seeking an experienced and detail-oriented Internal Auditor to strengthen our financial governance framework across all DevX Group entities. The role will ensure adherence to fair revenue-recognition practices, statutory compliance, internal controls, and financial reporting standards (Ind-AS)—especially relevant for a multi-entity, diversified business group with listed-entity exposure. The role involves end-to-end responsibility for GST returns, reconciliations, audits, and coordination with internal teams, consultants, and statutory authorities.
Key Responsibilities:
1. Revenue Recognition & Financial Reporting (Ind-AS)
- Ensure compliance with Ind-AS 115 / IFRS 15 / ASC 606 across multi-element, milestone-based, and subscription/lease revenue models.
- Review customer contracts and engagement letters to determine correct performance obligations, variable consideration, stand-alone pricing, and timing of revenue.
- Validate monthly revenue accruals, deferrals, unbilled revenue, and contract liabilities.
- Lead monthly financial close reviews, ensuring completeness of journal entries, reconciliations, and disclosures.
- Review financial statements for accuracy under Ind-AS, including lease accounting as per Ind-AS 116, rental expense accruals, and amortization schedules.
2. GST Compliance, Reconciliations & Indirect Tax Governance
- Prepare, review, and file all monthly, quarterly, and annual GST returns:
- GSTR-1, GSTR-3B, GSTR-2B reconciliation,
- GSTR-9, GSTR-9C for applicable entities.
- Ensure timely GST payments, reconciliation of input tax credit (ITC), and management of challans, reversals, RCM applicability, and vendor compliance.
- Handle GST registration, amendments, LUT filing for exports without payment of tax, and ensure documentation for refunds/claims.
- Conduct internal audits of GST ledgers, ITC claimed, ITC Reversals (Rule 42/43), RCM liabilities, and classification of income/expenses.
- Maintain evidence, audit trails, and reconciliations required for Statutory Audit, Internal Audit, and GST Department scrutiny.
- Address and draft responses for any notices, queries or audits from GST Department or other tax authorities.
3. TDS / Direct Tax Compliance
- Oversee TDS deduction, rate checks, monthly deposits, and quarterly return filing (24Q, 26Q).
- Scrutinize vendor invoices, agreements, and nature of payments to prevent TDS non-compliance or short-deductions.
- Reconcile 26AS, TDS ledgers, and vendor statements; track outstanding demands and compliance gaps.
- Ensure compliance with tax requirements applicable to listed entities, including audit trail maintenance and statutory reporting.
4. Payroll Statutory Compliance (PF / ESIC)
- Review monthly payroll data for accuracy of PF and ESIC applicability.
- Ensure correct computation of contributions, filing of challans, returns, and maintenance of statutory registers.
- Manage registrations/amendments for new entities or locations and oversee internal controls around payroll statutory obligations.
5. Internal Controls, Audits & Process Improvement
- Establish, document, and enforce
SOPs, internal controls, and approval workflows
, ensuring end-to-end compliance. - Vendor onboarding and payment cycles
- Perform periodic audits on financial statements, ledgers, trial balances, and internal records.
- Evaluate deviations from budgets, identify leakages, and provide actionable insights to management.
6. Monthly Closure & Financial Governance
- Support and audit the monthly closure cycle to ensure completeness and accuracy of:
- Revenue recognition
- Accruals, prepayments, provisions
- GST expense booking & ITC accounting
- Rental accruals under Ind-AS 116
- TDS, RCM, and statutory liabilities
- Ensure all month-end deliverables (MIS, schedules, reconciliations) are accurate and audit-ready.
Key Skills & Competencies:
- Strong understanding of GST laws, rules, and procedures.
- Expertise in Excel, Tally / Zoho Books systems.
- Analytical and reconciliation skills.
- Accuracy and attention to detail.
- Strong documentation and record-keeping ability.
- Ability to handle multiple entities and branch-level GST.
- Communication and coordination skills (both internal and external).
Qualification & Experience:
- Educational Qualification: B.Com / M.Com / CA Inter / CA
- Experience:
- Executive Level: 4-5 years in GST compliance.
- Manager Level: 5–8 years handling multi-entity GST compliance.
Performance Indicators (KPIs):
- On-time GST return filing and payment (100% compliance).
- Zero notice / penalty due to late filing or incorrect data.
- Timely closure of monthly reconciliation with books.
- Implementation of process improvements or automation.
