Tax Specialist - Direct & Indirect Tax

Rayner; Mumbai; On-site; INR 2,400,000 - 3,600,000; Full time

Benefits offered by this job

Health and wellness allowance

Employee Assistance Program

Global recognition platform

Job summary

Rayner in Mumbai seeks a Chartered Accountant with 8-10 years of tax experience to manage direct and indirect tax compliance in India. The role focuses on timely filings, audits, and regulatory requirements, coordinating with Finance and external consultants.

You will handle GST, TDS, PTRC, ROC filings, and tax provisions, driving process improvements and ensuring internal controls. This is a senior, hands-on position offering broad exposure across compliance and reporting.

Qualifications

• Qualified CA or Inter CA with 8-10 years of experience.
• 2-4 years of direct and indirect tax experience in an MNC environment.
• Experience with corporate income tax, TDS, GST compliance, and statutory filings.
• Experience coordinating with external consultants and supporting tax assessments, audits and notices.

Responsibilities

• Direct Tax: manage corporate income tax compliance, including advance tax calculations, tax payments and filing of income tax returns.
• Review and ensure timely filing of Tax Audit Reports with auditors and tax consultants.
• Prepare and review tax computations, tax provisions and reconciliations with the Finance team.
• Manage TDS compliance, including deductions, payments, quarterly returns and reconciliations.
• Monitor TRACES for TDS defaults and ensure Form 16/16A issuance where applicable.
• Support tax assessments, notices, scrutiny proceedings and responses to queries from the Department.
• Monitor changes in direct tax regulations and their implications for the organization.
• Indirect Tax - GST: file monthly GST returns (GSTR-1, GSTR-3B) for Maharashtra; Gujarat; annual returns (GSTR-9, GSTR-9C).
• Pre-file GST data verification for completeness and accuracy.
• Reconcile GSTR-2B with purchases and books; ensure ITC claims accuracy.
• Review GST implications of business transactions and support refund applications.
• Coordinate with stakeholders and consultants to resolve GST discrepancies.
• Track changes in GST regulations and ensure compliance.
• Tax Audits, Assessments and Risk Management: coordinate audits and provide documentation.
• Maintain organized tax records and reconciliations for audit readiness.
• Identify tax exposures and process improvements.
• Assist in resolving tax notices with external advisors and senior stakeholders.
• Provident Fund: share payroll data with PF consultant and ensure timely PF payment.
• Professional Tax: file PTRC returns monthly and pay by the 10th.

Skills

CA/Inter CA

Direct Tax

Indirect Tax

GST

Excel

ERP (Netsuite)

Education

CA or Inter CA

Tools

MS Excel

ERP Netsuite

Job description

To independently manage the organization’s direct and indirect tax compliance activities in India, ensuring timely and accurate statutory filings, tax payments, reconciliations and reporting. The role will support tax assessments, audits and regulatory requirements while ensuring compliance with applicable Indian tax laws and internal controls. The position will work closely with Finance, internal stakeholders and external tax consultants to mitigate tax risks and support effective tax management.

Key Responsibilities:

• Direct Tax
• Manage corporate income tax compliance, including advance tax calculations, tax payments and preparation and filing of income tax returns.
• Review and ensure timely filing of Tax Audit Reports in coordination with auditors and tax consultants, in compliance with statutory requirements.
• Prepare and review tax computations, tax provisions and related reconciliations in coordination with the Finance team.
• Manage Tax Deducted at Source (TDS) compliance, including deduction reviews, timely payments, quarterly returns and reconciliations.
• Monitor and resolve TDS defaults, outstanding demands and notices through the TRACES portal, and ensure timely issuance of Form 16 and Form 16A, as applicable.
• Support tax assessments, notices, scrutiny proceedings and responses to queries from the Income Tax Department.
• Monitor changes in direct tax regulations and assess their implications for the organization.
• Indirect Tax - GST
• Prepare and file monthly GST returns, including GSTR-1 and GSTR-3B, for Maharashtra and Gujarat, and manage annual GST return filings, including GSTR-9 and GSTR-9C, as applicable.
• Perform pre-filing verification of GST data to ensure completeness, accuracy and consistency with the books of accounts.
• Reconcile GSTR-2B with purchase records and the books of accounts to ensure accurate Input Tax Credit (ITC) claims.
• Reconcile outward supplies, sales records and GST returns to ensure completeness and accuracy of reporting.
• Review GST implications of business transactions, invoices, credit notes and other financial documents.
• Support GST refund applications, reconciliations, assessments, departmental notices and audits, as applicable.
• Coordinate with internal stakeholders and external consultants to resolve GST discrepancies and compliance issues.
• Track changes in GST regulations, notifications and circulars and implement relevant compliance requirements.
• Tax Audits, Assessments and Risk Management
• Coordinate tax audits and assessments, ensuring timely submission of information and supporting documentation.
• Maintain organised tax records, reconciliations, workings and documentation for audit readiness.
• Identify potential tax exposures, compliance gaps and opportunities to improve processes.
• Support the resolution of tax notices and discrepancies in consultation with external advisors and senior Finance stakeholders.
• Provident Fund (PF)
• Sharing payroll data with PF consultant for monthly PF computation.
• Ensuring timely PF payment by the 15th of the following month.
• Professional Tax (PTRC):
• Filing PTRC returns before the 30th of each month.
• Ensuring PTRC payments are made before the 10th of the following month.
• Transfer Pricing Audit & Compliance
• Prepare and provide relevant data and documentation to support transfer pricing audits.
• Assist in the review and filing of Form 3CEB and the Transfer Pricing Study Report.
• Reporting and Stakeholder Management
• Prepare periodic tax reports, reconciliations and updates for Finance management.
• Ensure accurate accounting and reporting of tax-related balances in coordination with the Finance team.
• Work closely with Accounts Payable, Accounts Receivable, Commercial and other relevant teams to resolve tax-related queries.
• Coordinate with external tax consultants, auditors and regulatory authorities, as required.
• Coordinate the scheduling of Board Meetings and Annual General Meetings (AGMs), including preparation and circulation of agendas and supporting documents.
• Coordinate the preparation and maintenance of Board Meeting and AGM minutes, attendance records, and statutory registers.
• ROC Compliance and Statutory Filings (Registrar of Companies)
• Coordinate with external consultants for timely preparation, review, and filing of ROC forms and statutory returns.
• Ensure timely filing of annual returns, financial statements, and other statutory forms with the Registrar of Companies (ROC).
• Monitor ROC compliance deadlines and ensure adherence to applicable provisions of the Companies Act, 2013.
• Coordinate with auditors and consultants to resolve ROC queries, notices, and compliance-related matters.
• Process Improvement and Governance
• Ensure adherence to internal policies, financial controls and statutory compliance requirements.
• Maintain a compliance calendar covering applicable tax filings, payments and reporting deadlines.
• Identify opportunities to streamline tax processes, improve reconciliations and enhance documentation.
• Support implementation of changes arising from new tax regulations and internal process improvements.
• Ad hoc Responsibilities:
• Gratuity calculation, data verification, and policy renewal annually.
• Monitoring and renewing statutory compliance documents as per deadlines.
• Assisting in the name change process across platforms (GST, Income Tax, PF, PTRC, IEC, TRACES, TDS).
• Any other adhoc work which is assigned by line manager.

What Experience & Skills You Will Need:

• Qualified Chartered Accountant (CA) or Inter CA with 8- 10 years of experience.
• 2-4 years of relevant experience in direct and indirect taxation, preferably in an MNC, multinational corporate environment
• Practical experience in corporate income tax, TDS, GST compliance, tax reconciliations and statutory filings.
• Experience coordinating with external consultants and supporting tax assessments, audits and departmental notices.
• Good understanding of applicable Indian direct tax and GST regulations.
• Proficiency in MS Excel and working knowledge of ERP systems such as Netsuite would be an advantage.

What We Can Offer You:

• Comprehensive benefits package including Health and wellness allowance
• Employee Assistance Program
• Global appreciation platform to recognize colleagues around the globe
• Being part of an organization, you can be proud to work for changing the lives of millions of people!