Executive/Sr. Executive - VAT & Accounts

A Leading Group of Industries; United Kingdom; On-site; GBP 30,000 - 45,000; Full time

Job summary

An established industrial group in the United Kingdom is seeking an Executive/Sr. Executive - VAT to manage all VAT-related activities and provide financial and accounting support. The position involves maintaining VAT registers, preparing monthly VAT returns, and coordinating with various departments. The ideal candidate should have expertise in VAT regulations and ERP software. Candidates with strong financial reporting skills will be preferred.

Qualifications

• Expertise in managing VAT activities and maintaining VAT registers.
• Experience in financial accounting and ERP systems.
• Knowledge of VAT and SD Act 2012 and Rules 2016.

Responsibilities

• Maintain and prepare VAT-related registers and returns.
• Coordinate with various departments for VAT-related tasks.
• Handle petty cash and prepare necessary financial documentation.

Skills

VAT management

Financial reporting

ERP software

Compliance with VAT regulations

Inter-departmental coordination

Tools

VAT software

Job description

Overview

The Executive/Sr. Executive - VAT will be responsible for managing all VAT-related activities, including maintaining VAT registers, preparing Input-Output coefficients (VAT 4.3), VAT challans (6.3), TR challans, and submitting monthly VAT returns both manually and through the online system. The role requires expertise in VDS (Mushak 6.6), VAT audits, and compliance with VAT & SD Act 2012 and Rules 2016. Additionally, the position involves financial and accounting support such as petty cash handling, ERP posting, bill checking, advance adjustments, voucher filing, bank-related work, and factory ledger maintenance. The role also requires inter-departmental coordination (store, production, delivery, VAT office) and occasional support in production reporting and other tasks assigned by head office accounts.

Job Responsibilities

• Maintain the All VAT-related Register Book.
• Prepare Input-Output coefficient / VAT 4.3.
• Prepare VAT Challan / VAT-6.3 according to the Govt. Rules and Regulations.
• Make TR Challan & Deposit to the Bank.
• Prepare monthly VAT returns and submit them manually to the VAT online system.
• Have VDS knowledge and issue of VDS certificate (Mushak-6.6) and provide it to stakeholders.
• Maintain VAT audit activities for the demand of the Customs, Excise, and VAT office.
• Have knowledge of VAT software.
• Teamwork with VAT, store, delivery, production floor, and inter-department, as well as correspondence with local VAT and customs office.
• Have knowledge on the new VAT and SD Act, 2012 & Rules, 2016.

Financial and Accounting Responsibilities

• Petty cash maintenance and posting in ERP.
• Bill is checking the adjustment against advances.
• Bank and outside support for official work.
• File management for petty cash-related vouchers.
• Internal requisition submission and maintenance.
• Factory ledger maintenance in a proper way.
• If necessary, sometimes provide production reports to the head office accounts.
• If necessary, perform other tasks as instructed by the head office accounts.