Direct and Indirect Taxation

Job Description

Key Responsibilities: Tax Compliance and Filing Assist in preparing and filing income tax returns for the organization, including TDS (Tax Deducted at Source) filings. Ensure timely payment of taxes, advance taxes, and self-assessment taxes. Help prepare documents for TDS and income tax assessments, scrutinizing details to ensure accuracy and compliance. Data Collection and Analysis Gather and organize financial data from different departments required for tax calculations and filing. Support the tax team in analyzing tax-related data and ensuring accurate documentation. Tax Planning and Support Assist in researching current tax regulations and changes to ensure compliance with updated laws. Participate in basic tax planning tasks and initiatives to optimize tax positions. Documentation and Record Keeping Maintain organized and updated tax records, including tax notices, filings, and supporting documentation. Help with transfer pricing documentation and filing, if applicable. Audit and Assessment Assistance Support the tax team in preparing for tax audits and assessments by gathering necessary information and preparing basic reports. Collaborate with external auditors and assist in responding to queries related to direct taxation. Communication and Coordination Coordinate with various departments for required data and financial details for tax compliance. Assist in communicating with tax authorities and consultants, under the guidance of senior team members. Prepare and review GST returns, monthly tax filings, and tax reconciliations to ensure timely and accurate submissions. Oversee indirect tax compliance, including GST, customs, and VAT (where applicable). Manage indirect tax audits, liaising with tax authorities and external consultants as needed. Provide strategic tax advisory on indirect tax matters to support business decisions and ensure tax efficiency. Identify and assess tax risks related to transactions and projects, advising on tax-efficient structures. Stay updated on indirect tax regulations and advise on policy changes impacting the business. Assist with indirect tax assessments, audits, and inquiries from tax authorities, preparing necessary documentation and responses. Support internal and external audits, providing necessary data and analysis on indirect tax matters. Ensure compliance with customs and transaction regulations, including import/export duties. Manage documentation for customs assessments and liaise with customs authorities to address any issues. Implement process improvements and best practices for indirect tax compliance and reporting. Monitor internal controls for tax processes, ensuring compliance with policies and reducing tax risks.