Industrial Trainee - Tax

DSP Asset Managers Pvt. Ltd.; Mumbai; On-site; INR 300,000 - 500,000; Full time

Job summary

A leading asset management firm in Mumbai is seeking candidates for a role focused on tax compliance for both direct and indirect tax laws. Responsibilities include tax computations, preparing invoices, and assisting with tax audits. Fresh candidates with an Inter CA qualification are encouraged to apply. This role provides the opportunity to gain valuable experience in the financial sector while ensuring compliance with the latest tax regulations.

Qualifications

• Strong understanding of tax laws, both direct and indirect.
• Ability to assist in tax computations and compliance.
• Effective communication with stakeholders regarding tax matters.

Responsibilities

• Assist in complying with tax laws for the Asset Management Company and its subsidiaries.
• Prepare invoices through E-invoice portal and ensure timely compliance.
• Collaborate with external tax advisors and consultants.

Education

Inter CA

Job description

Objectives of the Role:

Assistance in complying with tax laws - Direct as well as Indirect for

- The Asset Management Company (AMC) and its subsidiaries

- Funds managed by the AMC spanning across Mutual Fund, AIF, GIFT City and offshore

Some of the key responsibilities include the following:

Compliance with Tax Laws

Direct Taxation

• Tax computations of Funds for NAV, finalizing the income tax liability
• Advance tax calculations and payment
• Supporting tax audits and Income Tax Return filing
• Compliance with quarterly TDS, TCS returns, reviewing workings and payment of monthly TDS, TCS and STT liability
• Compliances with respect to overseas payments
• Timely and accurate filing of annual STT return

Indirect Taxation

• Ensuring timely preparation of invoices through E-invoice portal. Coordination with consultants for compiling data for GSTR-1 and GSTR-3B (monthly filings). Computing reversals under rule 42.
• Reconciliation of ITC with GL and Form GSTR-2B. Follow-up emails with vendors for mismatch with GSTR-2A. Assistance in preparation of GSTR-9 (Annual return) and reconciling it with the financial statements. Three-way recon of revenue with 26AS, GL & GSTR-3B. Payment of monthly statutory liability.
• Inter-branch invoicing / cross charge and related workings, adhering to GST laws.
• Tracking amendments to the GSTN registration certificate. (Director’s change, address change etc.)
• Preparation of state wise financials for GST purpose.

Other Responsibilities

• Tracking notices and correspondences received from direct and indirect tax departments and ensuring timely and accurate compliance with the same
• Collaborate with external tax advisors and consultants as needed.
• Tracking changes in tax laws and updating the team and relevant stakeholders

Years of Experience

• Fresher

Educational Qualifications

• Inter CA