Industrial Trainee - Tax

<p><strong>Objectives of the Role:</strong></p><p style="margin-bottom:0cm;margin-bottom:0cm;margin-top:0cm;"><br></p><p style="margin-bottom:0cm;margin-bottom:0cm;margin-top:0cm;">Assistance in complying with tax laws - Direct as well as Indirect for</p><p style="margin-top:0cm;margin-right:0cm;margin-bottom:0cm; margin-left:7.4pt;">- The Asset Management Company (AMC) and its subsidiaries</p><p style="margin-top:0cm;margin-right:0cm;margin-bottom:0cm; margin-left:7.4pt;">- Funds managed by the AMC spanning across Mutual Fund, AIF, GIFT City and offshore</p><p style="margin-bottom:0cm;margin-bottom:0cm;margin-top:0cm;"><br></p><p style="margin-bottom:0cm;margin-bottom:0cm;margin-top:0cm;">Some of the key responsibilities include the following:</p><p style="margin-bottom:0cm;margin-bottom:0cm;margin-top:0cm;"><br></p><p style="margin-bottom:0cm;margin-bottom:0cm;margin-top:0cm;"><strong><u>Compliance with Tax Laws</u></strong></p><p style="margin-bottom:0cm;margin-bottom:8.0pt;"><strong>Direct Taxation</strong></p><ul><li>Tax computations of Funds for NAV, finalizing the income tax liability</li><li>Advance tax calculations and payment</li><li>Supporting tax audits and Income Tax Return filing</li><li>Compliance with quarterly TDS, TCS returns, reviewing workings and payment of monthly TDS, TCS and STT liability</li><li>Compliances with respect to overseas payments</li><li>Timely and accurate filing of annual STT return</li></ul><p><strong>&nbsp;</strong></p><p style="margin-bottom:0cm;margin-bottom:8.0pt;"><strong>Indirect Taxation</strong></p><ul><li>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.</li><li>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 &amp; GSTR-3B. Payment of monthly statutory liability.</li><li>Inter-branch invoicing / cross charge and related workings, adhering to GST laws.</li><li>Tracking amendments to the GSTN registration certificate. (Director’s change, address change etc.)</li><li>Preparation of state wise financials for GST purpose.</li></ul><p><br></p><p style="margin-bottom:0cm;margin-bottom:8.0pt;"><strong><u>Other Responsibilities</u></strong></p><ul><li>Tracking notices and correspondences received from direct and indirect tax departments and ensuring timely and accurate compliance with the same</li><li>Collaborate with external tax advisors and consultants as needed.</li><li>Tracking changes in tax laws and updating the team and relevant stakeholders</li></ul><div><br></div><p style="margin-bottom:0cm;margin-bottom:8.0pt;"><strong>Years of Experience</strong></p><ul><li>Fresher</li></ul><p><strong>Educational Qualifications</strong></p><ul><li>Inter CA</li></ul>