FLO Indirect Taxation - JB 11

Birla Carbon; India; On-site; INR 700,000 - 1,200,000; Full time

Job summary

Birla Carbon, part of the Aditya Birla Group, seeks an Indirect Taxation specialist (JB 11) to manage GST/VAT matters for SFD, EFD, 40MW and related subsidiaries. The role covers submissions, appeals, and liaison with income tax authorities, with strong coordination across planning, budgeting and other departments.

Responsibilities include finalizing accounts, wealth/ fringe tax work, forex exposure and reporting, and preparing tax information for higher management.

Responsibilities

• KRA1 Sale Tax Units Covered: SFD, EFD.
• KRA2 Units Covered: BR I, Trusts and Investment Companies; prepare submissions and arguments.
• Interact with and provide details to various legal consultants for appeals and pending matters.
• Prepare Monthly Information for submission to Higher Ups relating to hearings & appeals.
• Prepare application u/s 80G and 35(1)(ii) for approval.
• KRA3 Finalization of Accounts: Balance Sheet, P&L, notes to accounts; statutory audit.
• KRA4 Wealth Tax: Wealth tax Report and Net Wealth computation.
• KRA5 Fringe Benefit Tax: FB Tax report and liability estimation; annual report.
• KRA6 Forex Management: Forex exposure reports, hedging; monitor import payments.
• KRA7 Planning & Budgeting: annual planning; EVA; depreciation computations.
• KRA8 Fixed Assets: depreciation calculations and fixed assets register maintenance.

Job description

At the Aditya Birla Group, our Corporate Vision is aligned and intricately woven with our People Vision.

FLO Indirect Taxation - JB 11

Job Description:

Job Band:11

Job Purpose

Job Purpose Description

The Plant is over 50 years old and process improvements have evolved over the years. Till 1995-96, there was no competition and market was protected. New Plants with superior technology came up and cheaper products like cotton and polyester came up in direct competition to VSF. New products began to be introduced in markets, which were also opening up to other players. VSF sales started getting affected and now pose a major challenge for growth and survival.

In order to remain competitive in the market, product range has been enhanced over the years, within the process limitations. The quality of pulp is also not uniform, affecting the final product quality. Complexity is compounded by the emphasis on a multiple product range for different segments / customers.
Complexities/challenges
Attending Tax matters of for SFD, EFD, 40MW and 2 Subsidiary Companies of the Grasim and 4 Investments Companies of Group from Nagda and Liasioning with Income tax Authorities.
Co-ordination with Various Departments during the Planning & Budgeting Exercise.

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)

Supporting Actions (Max 1325 Characters)

KRA1 Sale Tax Units Covered:-
SFD, EFD.

KRA2 Units Covered:-
BRI, Trusts and Investment Companies namely Trapti Trading, Turquoise Investments, Gwalior Properties & Seshasayee Properties. Preparation of Submissions and Arguments in respect of Various Appeals and attending & arguing before Income Tax Authorities in respect of the same.
Interacting with and providing details to various legal consultants in respect of various appeals & pending matters.
Preparation of Monthly Information for submission to Higher Ups relating to Various Dates & Status of Hearings & Appeals.
Preparation of application U/s 80G and 35(1)(ii), submission of the same to Concerned Authorities and follow up for seeking approval.

KRA3 Finalization of Accounts:- Balance Sheet, Profit & Loss Account, Notes to Accounts, Statutory Audit Report & Other Details.
Units Covered:-
Subsidiary Companies namely Samruddhi Trading & Sungod Trading
Finalization of Books of Accounts and preparation of Final Accounts along with Notes & other Details in respect of Subsidiary Companies.
Preparation of Statutory Audit Report and other Details as required by Statutory Auditors

KRA4 Wealth Tax:- Wealth tax Report & Computation of Net Wealth.
Units Covered:-
SFD, EFD, 40MW & Pulp & Fibre, Mavoor.
Preparation of Wealth tax Report, Computation of Net Wealth and other relevant details including coordination with registered Valuer.

KRA5 Fringe Benefit Tax:- Advance Fringe Benefit Tax & Fringe Benefit Tax Audit Report.
Units Covered:-
SFD, 40MW & EFD. Estimation and Calculation of Fringe Benefit Liability and payment of Advance Fringe Benefit Tax as per schedules.
Preparation of Annual Fringe Benefit Report and Tax Audit Report.

KRA6 Forex Management:- Forex Exposure Report, Forex Gain/Loss Statements, Import Payments & Forex Hedging.
Units Covered:-
SFD, 40MW & EFD.
Preparation of Monthly Unit Forex Exposure Report estimating the Forex Exposure for next 6 months to be submitted to CFD.
Preparation of Quarterly Forex Gain/Loss Statements for the purpose of reporting to CFD.
Monitoring of Import Payments on regular basis and ensuring Fund Availability in respect of the same.
Hedging of Forex Exposures by taking Covers and Ensuring Proper Utilization of the same.

KRA7 Planning & Budgeting:- Annual Planning & Budgeting Exercise.
Units Covered:-
SFD, 40MW & EFD. Compilation of Planning & Budgeting details of Various Departments for submission to Business Cell.
Preparation of Various Statements including Expenditure Details, Projected Block Additions, EVA etc. to be submitted to Management.
Computation of Estimated Depreciation as per Companies Act & Income Tax Act on the basis of P&B.

KRA8 Fixed Assets:- Quarterly Fixed Assets Schedule & Calculation of Depreciation.
Units Covered:-
SFD, 40MW & EFD. Assisting in Preparation of Various Additions & Deletion Details on Quarterly Basis for the purpose of preparation of Fixed Assets Register.
Computation of Depreciation as per Companies Act and Income Tax Act.

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