Direct and Indirect Taxation
Direct and Indirect Taxation 98
Applications
98
Applications
Bengaluru
Full-Time
Senior: 7 to 14 years
Posted on Sep 10 2024
About the Job
Skills
Tax Compliance
Direct Taxation
Indirect Taxation
Tax Planning
Tax Law Knowledge
Financial Reporting
Analytical Skills
Goods And Services Tax (GST)
Role & Responsibilities
The purpose of a Taxation Manager role is to plan, manage and oversee the company's tax compliance and reporting processes, ensure tax compliance with the laws and regulations, minimize tax liability and maximize tax savings, and provide advice on tax-related matters.
- Candidate should be well versed with the Income Tax Act, Double Taxation Avoidance Agreements (treaties). Basic knowledge of Transfer Pricing provisions & rules will be an added advantage
- Should liaise with government authorities and ensure compliance to statutory / regulatory requirements.
- Should be in a position to handle the Tax Audit and file tax returns independently.
- Review and co-ordinate details for tax filing, tax computations, tax audits and other tax compliances
- Preparing and reviewing the details for scrutiny assessments and representing before assessing authorities
- Drafting requisite submissions for filing before tax authorities and timely replying to notices
- Collate and review data for tax appeals at various appellate stages
- Interface with various other departments and group companies for tax matters
- Interact with auditors and advisors to resolve their queries on tax matters
- Draft and follow up for lower withholding tax orders.
- Prepare and follow up for Tax Residency Certificate
- Review the advance tax working on quarterly basis.
- Review of draft agreements and suggest optimal Direct & Indirect tax structure.
- Advise on applicability of withholding tax on domestic transaction.
- Follow-up on status of Income Tax assessment, tax refunds, Order giving effect and filing of rectification applications.
- Review and update the tax status charts and contingent liability chart regularly.
- Keeping track of all notices, hearings and update notice register.
- Drafting appeals before CIT(A), ITAT, High Court & Supreme Court
- Calculating GST liabilities for the organization, including SGST, CGST, and IGST, based on transactions and sales
- Managing and reconciling ITC claims, ensuring compliance with GST laws and regulations
- Preparing and filing GST returns, including GSTR-1 (outward supplies), GSTR-3B (monthly summary), and annual returns
- Maintaining organized records of GST-related documents, including invoices, returns, and ITC records
- Ensuring compliance with GST rules and regulations, and addressing any compliance issues promptly
- Assisting with internal and external GST audits, providing the necessary documentation and records
- Coordinating with GST authorities, addressing notices or queries, and facilitating inspections if required
- Preparing and maintaining documentation related to GST registrations, returns, and other compliance matters
- Identifying areas for process improvement and implementing streamlined GST-related workflows
- Ensuring the organization's policies and procedures align with GST laws and regulations
- Preparing detailed GST reports and summaries for management and stakeholders
- Monitoring and interpreting changes in GST regulations and advising management on their implications
- Leading or overseeing GST audits and investigations, including managing interactions with authorities
- Relations: Collaborating with vendors and customers to ensure GST compliance in transactions.
Preferred candidate profile
- Minimum 7 years of work experience in Tax Profile
- Must have good exposure to Taxation planning, Compliance, Audit
- Must be a CA or CMA Qualified
- Preferred candidates from manufacturing background, FMCG, Retail.
About the company
Reliance Retail is India's largest, fastest growing and most profitable retailer with a diversified omni-channel presence via integrated store concepts, digital and new commerce platforms. We provide consumers with an outstanding value proposition, superior quality products and an unmatched shopping experience.
Founded in 2006 with a view to revolutionize retail in India, we have, over the yea ...Show More
Reliance Retail is India's largest, fastest growing and most profitable retailer with a diversified omni-channel presence via integrated store concepts, digital and new commerce platforms. We provide consumers with an outstanding value proposition, superior quality products and an unmatched shopping experience.
Founded in 2006 with a view to revolutionize retail in India, we have, over the years, developed and perfected our capabilities across people, processes and technology to meet our end objectives of creating a win-win proposition for our stakeholders across the value chain viz. Customers, Manufacturers/Farmers, Merchants, Brand Partners as well as of enhancing financial income and job security for tens of millions of Indians.
Today, Reliance Retail serves a loyal customer base of more than 193 million across the country, catering to daily and occasional needs across the major consumption baskets of Consumer Electronics, Fashion & Lifestyle, Grocery, Pharma and Connectivity. We operate the largest store network in the country with 15,000+ stores, spread over 42 million square feet of retail space and present across 7,000+ cities. Our omni-enabled store networks and extensive portfolio of digital commerce platforms bolstered by a strong supply chain and technology infrastructure, and supported by a well-trained workforce enable us to provide customer service par excellence.
We continue to build our capabilities through organic growth, acquisitions, partnerships and strategic investments to strengthen our competencies and bolster our product offerings. Our strong own brand portfolio is complemented by an equally strong brand partner portfolio, as Reliance Retail continues to be the partner of choice for leading national and international brands. ...Show Less
Industry
Retail
Company Size
10001+ Employees
Headquarter
Mumbai, Maharashtra
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