Officer GST (indirect taxation)

From 2 to 7 year(s) of experience
₹ Not Disclosed by Recruiter

Job Description

Roles and Responsibilities

Location Shirwal PUNE (55 KM from Katraj)

Bus facility available

GST compliance

Strong Understanding of GST Law and its practical application. * Regular updating of Changes in GST Law and its implementation. * Proactive in identification of Risk Areas and take necessary actions for correction in process. * Keep watch on GST related decisions made by Various Judicial authorities and update the same to prevent the loss. * Identify the grey areas and implement change management. *Guide Support functions to implement processes to comply with law. * 100% Compliance with the law.

Automation of Process

Identify, initiate, and implement Automation process for streamlining all the process required for compliance of GST law, in SAP, Excel, Clear tax

Follow conditions for Availing of Input Tax Credit -

Follow conditions for Availment of Input Tax Credit

* Implement strong process for *100% availing of Input Tax credit (eligible). * Verification, Identification, avoid inadmissible credits pre and post booking in financials

ITC Vs GSTR2A reconcilation

* Proper reconciliation of ITC with GSTR2A Submitted by Vendors. and follow-up with Support functions and vendor. * Avoid reversal of Input Tax credit and Interest payment for non-submission of Returns by Vendors.

Vendor Ageing

Implement a process and regular follow-up for monitoring the vendor payment pending for > 120 days and do necessary follow-up for payment so as the avoid reversal of Input tax credit and interest payment

Job work

Implement a reconciliation process and regular follow-up for monitoring the material sent for job work and its return with in on or before 180 days * avoid reversal of Input tax credit and interest payment

Sales (Domestic / Export /FOC - Warranty, R&D, Goodwill)

Implement and adhere to the Sales process- so as to see the proper GST is applied on invoices. * E way bill monitoring. * FOC supplies under warranty /Extended warranty/R&D/ Good will. * Deemed supply. * Stock Transfer related reconciliations and documentations. * Regular reconciliation of Outward supplies with GST books and Financials. * Cross Charge process for apportionment of Common Expenses. * In time renewal of LUT for exports without payment of duty for all locations. * Monitor Balance of ITC and take actions to switch over to Exports on payment of Duty to Clearance under LUT.

GST Related returns

Implement a standardised process for preparation and filing of Correct Statutory Returns before specified dates ( GSTR1, GSTR3B, ITC 4,( Monthly) GSTR9 ( Monthly and Annually) etc ). * Pre and post submission verification of all return related data. *Intime amendment of Returns if required. * Keep back up of Quality data for purchases and supplies ready at a given point of time with proper reconciliations and reasonings.

Refunds ( Export/ Deemed Exports and Other

In time and correct filing of refund claims for Deemed Export. * Daily and weekly updating of refund status and take actions

Take proactive measures to avoid litigation in GST era. * Wherever there is an ambiguity in law and risk can be avoided, take necessary opinion and consultation to get prepared for future litigation and ways to avoid the same. * Take necessary action to close all the pending Litigation matters before various authorities

Litigation

where the refund claims are pending for more than 30 days. * In respect of actual exports, monitor the ICEGATE data on daily basis and after submission of Returns for transmission of data export data and errors and take necessary actions in case of errors.

EBIT

See that costs on account of GST are avoided i.e. Interest, Late Fees, Penalties, wrong availing of Inadmissible credit. Wrong invoicing, E way Bills, by applying proper processes.

Contact Ojaswini 7722093212


Role:Taxation Executive

Salary: Not Disclosed by Recruiter

Industry:Industrial Equipment / Machinery

Functional Area:Finance & Accounting

Role Category:Accounting & Taxation

Employment Type:Full Time, Permanent

Key Skills
Skills highlighted with ‘‘ are preferred keyskills

Education

UG:B.Com in Any Specialization

Company Profile

Fortune Personnel Services

For our MNC client

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