Team Member Direct tax

Larsen & Toubro (L&T); Mumbai; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Larsen & Toubro (L&T) is seeking a qualified Chartered Accountant fresher or MBA in Finance with Direct Tax experience in Mumbai, India. The role involves ensuring compliance with direct tax regulations, managing filings, and developing tax process documentation.

Applicants should have 1-2 years of experience in direct taxation, and working knowledge of GST is helpful. This position will require effective interaction with Tax Authorities and managing claims and litigation.

Qualifications

• Qualified Chartered Accountant or MBA in Finance with Direct Tax experience.
• 1-2 years of post-qualification experience in Direct taxation preferred.
• Working knowledge of GST will be helpful.

Responsibilities

• Ensure timely Direct tax compliances and filings.
• Manage claims and litigation with Tax Authorities.
• Develop and maintain tax process documentation.
• Support implementation of new ERP systems for tax requirements.

Skills

Direct taxation

Corporate tax returns

Tax compliance and reporting

Litigation management

ERP implementation

Knowledge of GST

Education

Qualified Chartered Accountant

MBA in Finance (preferred)

Job description

Role & responsibilities

1. Ensure Direct tax compliances, filings, reporting and returns (Income Tax, TDS, etc) are completed in a timely and efficient manner
2. Filing of necessary Corporate tax returns, TDS payments and returns etc.
3. Correct accounting and reporting of tax charges including assets/liabilities in the financial statements including Deferred Tax Accounting, sign off Tax GL reconciliations
4. Transition to New Income Tax Regime processes, procedures and compliances
5. Develop and maintain tax process documentation with necessary internal controls meeting the IFC requirements
6. Submit replies to notice/intimation including compiling supporting documents for faceless assessments, attending assessments hearings before Tax authorities
7. Manage claims, demands, appeals and other issues raised by Tax Authorities, review orders received, submit rectification application, file appeal and represent before Authorities/ Tribunal/High Court etc
8. Managing litigation and ensure minimum litigation by timely dispute resolution, up to date completion of assessment /appeals, refunds and submissions
9. Obtain Nil/lower withholding tax order under section 195/197 of the Income Tax Act, 1961
10. Provide guidance and reports for all tax matters, new updates, including tax audit, timely and accurate payment of taxes, transfer pricing issues
11. Support implementation of new ERP and Other systems meeting tax requirements, automated reporting, collaboratively work with IT for system upgrades, changes, participate in User Acceptance Testing, user documentation etc.
12. Working knowledge of GST will be helpful

Preferred candidate profile

• The Successful Applicant - You are a qualified Chartered Accountant fresher or with 1-2 years of post-qualification in Direct taxation or a MBA in Finance with Direct Tax Experience.