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A multinational software company is seeking an Accountant specializing in Indirect Taxation in Hyderabad. The ideal candidate should have 2 to 5 years of experience in indirect tax and possess strong analytical skills. Key responsibilities include reviewing VAT/GST returns, ensuring compliance, and supporting audits. Familiarity with tax engines and strong Excel skills are essential for this role.
Role - Accountant - Indirect Taxation
Location - Hyderabad
Job Responsibilities
Review VAT/GST/Sales Tax returns in multiple countries, ensuring timely and accurate submissions.
Ensure compliance with local indirect tax laws, including monitoring thresholds and registration requirements.
Support statutory audits and tax authority audits by providing required documentation and explanations.
Validate VAT/GST rates applied on sales and purchases in ERP systems.
Perform monthly VAT reconciliations between the general ledger and VAT returns.
Record and process VAT journal entries, adjustments, and corrections.
Initiate Tax related payments on timely and accurately.
Analyze transaction-level data for inconsistencies or anomalies in VAT treatment.
Reconcile VAT accounts to ensure balances are accurate and explain any variances.
Work with AP/AR to ensure correct VAT coding and handling.
Maintain and validate indirect tax master data for vendors/customers/materials.
Act as a liaison with internal departments (procurement, finance, IT, Internal Audit) on tax implications.
Support business expansion by performing UAT, on indirect tax implications of new markets, products, or business models.
Assist in automation of VAT processes within ERP systems
Participate in tax engine implementation in Vertex.
Improve and document processes and controls to reduce errors and improve efficiency.
Communicate with external/internal auditors, tax authorities, GPO/RPO and regulatory bodies when required.
Understand the diverse VAT/GST regimes (e.g., EU VAT, UK VAT, Indian GST, US Sales Tax, etc.).
Track regulatory changes in tax laws and interpret their impact.
Handle multi-currency, multi-GAAP environments and FX related conversions and related fixing journal entries.
Manage language, cultural, and time-zone differences when working with local teams or authorities.
Key Skills required
2 to 5 years of experience with good understanding of Indirect tax/sales tax/VAT
Deep knowledge of international VAT/GST/Sales Tax frameworks
Strong Excel, ERP system skills and Blackline Reconciliation tool
Familiarity with e-invoicing, tax engines, and reporting tools
Analytical and reconciliation skills
Communication and stakeholder management