Job
Description
Job Purpose This role deals with all the aspect of Direct Taxation & Indirect Taxation like Goods & Service Tax (GST), Custom & Excise Duty etc. of GGIAL. The position is responsible for ensuring Statutory Compliances under Income Tax, GST etc. with respect to payment and filing of returns, ensure timely compliance under Foreign Trade Policies including application for SEIS and utilization thereof. ORGANISATION CHART Accountabilities Key Performance Indicators Checking of Tax Audit Report, preparation / verification of income tax / wealth tax computation, notes to return and filing of income tax and wealth tax returns of allotted / major companies in energy sector. Preparation of Transfer Pricing Study Report for all companies in energy sector. Timely compliance of various statutory dues dates prescribed by Law. Compilation of income tax, TDS and transfer pricing assessment details and review of assessment orders, preparation of appeals before CIT(A) and ITAT against orders received and compilation of appeal submissions for allotted / major companies in energy sector. Timely compilation of data and review of orders Attend hearing before Income Tax Officer, Additional Commissioner of Income Tax, regarding assessment proceedings, penalty proceedings, TDS, transfer pricing, proceedings for lower tax deduction certificate, 281 Certificates applied. Hearings attended Verification of advance tax workings, eTDS Returns, Annual Information Returns and provision for tax for allotted / major companies in energy sector. Timely compliance of various statutory dues dates prescribed by Law. Preparation of rectification application against orders received, review of application for lower tax deduction certificate, 281 Certificates, Tax Residency Certificates Timely filing of applications Key Accountabilities Advise to be given on applicability of TDS / TCS, study on allowability of expenditure and analysis of the same into expenditure into revenue / capital for allotted / major companies Advises given Review of contracts / agreements and attend business meetings to analyse the tax implications Timely review of contracts Reconciliation of income tax and wealth tax paid, provisions outstanding, refunds receivable etc., as per income tax records and books of account Reconciliation Regular follow-up with income tax department for granting refunds passing necessary orders Timely follow-up Track and monitor changes in the Income-tax Act, procedures, Circulars, Notifications and case laws. Timely implementation of changes Preparation / review of MIS Reports showing the status of refunds, rectification application and appeals and maintaining company-wise MIS. MIS Reports Review of income tax calculation of projected financials Timely review of calculations Review of proper maintenance of income tax records Maintenance of records EXTERNAL INTERACTIONS External - Roles you need to interact with outside the organization to enable success in your day to day work Officials of Income Tax Department MAG / Internal / Statutory Auditors Consultants Vendors INTERNAL INTERACTIONS Internal - Roles you need to interact with inside the organization to enable success in your day to day work Finance and Accounts Team Secretarial Team Commercial and Contracts Team Indirect Tax Team Legal Team FINANCIAL DIMENSIONS Deduction and remittance of TDS of energy sector of Rs.100 crores (approx.) Payment of income tax of energy sector of Rs.40 crores (approx.) Properly Handling of Income tax assessment which would otherwise result in huge financial loss and litigations. Turnover and Capital work-in-progress of energy sector aggregating to Rs.1,60,000 crores (approx.). Other Dimensions Interaction with various persons of income tax officials ( i.e. Range 11 (15 persons) , TDS section 15 persons, CPC 3 persons) and tax, internal and statutory auditors. Education Qualifications Chartered AccountanT Relevant Experience 8 – 10 years of relevant experience post CA/ICWA COMPETENCIES Personal Effectiveness Social Awareness Entrepreneurship Problem Solving & Analytical Thinking Planning & Decision Making Capability Building Strategic Orientation Stakeholder Focus Networking Execution & Results Teamwork & Interpersonal influence Show more Show less
