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
Educational Qualifications