Position Summary
The Tax Supervisor is responsible for performing activities related to activities related to Indirect Tax & Statutory compliance procedures for Good and Service tax (GST), Withholding Tax and Corporate Income tax across multiple entities of the Group.
Position Summary
The Tax Supervisor is responsible for performing activities related to activities related to Indirect Tax & Statutory compliance procedures for Good and Service tax (GST), Withholding Tax and Corporate Income tax across multiple entities of the Group.
Essential Functions
- Calculation, filing preparation and remittance - GST, TDS/ Withholding tax
- Ensuring all Monthly/Annual returns in Form GSTR 1, GSTR 3B, GSTR 6 (ISD) and GSTR 9 and 9C are filed within the due dates
- Preparation of outward GL and outward report working file. Reconciliation of such working files i.e. Outward report and Output liability GL accounts
- Preparation of inward GL and inward report working file. Reconciliation of such working files i.e. Inward report and inward GL accounts
- Discussions with relevant teams in case of differences between outward register and the IRN portal data
- Review of errors/ observations for outward and inward transactions
- Co-ordination and discussions with agencies and relevant SSC teams for resolving the errors/ observations
- Review of ITC matching files which includes the following –
- Review of split-booking transactions
- Review of invoices for resolving the transactions with document number mismatch and document date mismatch
- Preparation of dashboard workings to ensure that the liability is discharged correctly in the monthly return
- Review of 180 days deferment report shared by EY along with the interest workings
- Timely payments to tax bank accounts and vendor related TDS payments processing
- Support team members and Senior team members with audits – GST, client’s audit.
- Prepare/ Review Vendor and Employee quarterly e-TDS processing and monthly remittances
- Support Local Finance in Tax compliance documentation as required.
- Liaise with tax consultant on ongoing matters such as Show Cause Notice, hearings with department, etc.
- Review Corporate Income Tax calculation.
- Review documentation prepared for filing of withholding tax
- Prepare agencies with supporting documentation as per the local tax & statutory requirements
- Prepare annual financial statements
- Review Withholding tax calculation and filing preparation
- Review 26AS Income tax provision, filing, and remittance
- Income tax assessment and audit
- Calculate roll forward of deferred income taxes and accrued income taxes payable
- Estimate annual effective tax rate calculation
- Ensure timely preparation of Other IPG Tax Reporting Schedules
- Perform transfer pricing audit and assessment reconciliation
- Update and send for TL review Month/Quarter end Tax compliance check list.
Other Activities
- Resolve Agency Local Finance queries within defined timelines by meeting SLAs agreed
- Assist client and external audit process when necessary
- Supervising activities within process
- Assisting Team Leads in productivity and work load management for their respective areas
- Supporting TLs in Leave and Attendance management for their respective areas
- Cross training activities
- Act as Subject matter experts within the team.
Essential
EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS:
- 5-8 years of work experience in a similar role
- Experience in Advertising and Media industry preferred
- Minimum Education Qualification – B. com/M. com with Chartered Accountant or other equivalent post qualification
- Management of a high transaction volumes business, with good knowledge of associated controls and procedures
- Knowledge of statutory requirements in relation to Tax & Compliance
- Ability to provide high level of customer service for the R2R process
- Strong written and oral communications skills in English
- Strong problem solving, team management and organizational skills
- Experience in managing people and processes through a sustained period of change
- Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook)
- Experience in Tax compliance tools, AI and Automation tools, S4 HANA, MS Dynamics or similar ERP systems
A Distinct Advantage
- Experience working in a Shared Services Centre focused on Finance & Accounting activities
- Experience in document imaging software like SharePoint
- Good knowledge of working with Government Portal and integrating with ERP.