Taxation Leader

Date: 1 day ago

City: Bengaluru, Karnataka

Contract type: Full time

Function - Finance and Accounts

Sub Function - Taxation

Key Responsibilities:

Indirect Tax Compliance

Oversee and ensure timely and accurate filing of GST returns (GSTR-1, GSTR-3B, GSTR-9, etc.) in compliance with the law with complete reconciliation from books of account
Manage input tax credit reconciliation, ensuring it is correctly claimed and accounted for. Designed a mechanism to track and follow up with vendor for non-deposit of GST
Supervise GST audits and assessments, identify potential risks, and implement solutions to mitigate tax liabilities
Oversee and manage GST registrations including ISD across multiple states, ensuring adherence to state-specific compliance requirements
Oversee and manage clinical establishment registration across multiple states, ensuring adherence to state-specific compliance requirements
Lead integration of Accounting ERP system with GST portal through cleartax or similar other provider
Ensure that the business is fully compliant with different state GST laws, managing renewals and updates as required including QR code requirements for B2C invoices
Lead GST-related litigation processes, working with external consultants, legal teams, and tax authorities
Manage disputes and appeals to minimize liabilities and ensure tax positions are robust and defensible
Develop strategies to resolve any GST-related issues quickly and effectively
Lead and prepare litigation tracker for visibility of the management and sharing with auditors
Reconciliation of tax assets/liabilities as per balance sheet with GST return

Direct Tax Compliance

Oversee the preparation and filing of corporate income tax returns, including calculations and assessments
Work effectively to ensure tax filings are accurate and timely, and respond to tax authorities on related matters
Advise on tax planning opportunities, including structuring business operations and transactions to minimize tax liabilities
Monitor changes in direct tax legislation, assess impact on business, and provide timely updates to leadership
Review of applicability of TDS as per Income Tax act, rules and DTTA as and when required
Reconciliation of TDS with 26 AS, Revenue register and Books and take necessary action to reconcile to maximum
Review of monthly TDS data basis which payment to be made to Income Tax authorities and review of data for Quarterly TDS returns. Exploring automation of TDS reconciliation
Lead litigation/filings to claim income tax refund (TDS) for earlier years from department
Lead and prepare litigation tracker for visibility of the management and sharing with auditors
Reconciliation of tax assets/liabilities as per balance sheet with Income Tax return

Tax Planning & Strategy

Monitor changes in GST laws and provide actionable recommendations to optimize tax efficiency and compliance
Support the business in designing and implementing tax-efficient structures and strategies, including managing indirect tax audits and disputes.

Collaborate with cross-functional teams

Collaborate with cross-functional teams (Legal, Operations, Sales, etc.) to ensure tax considerations are incorporated into business decisions and new initiatives
Monitor changes in tax legislation and assess their impact on business operations, advising on necessary adjustments or implementations
Lead or contribute to the implementation of tax technology solutions to enhance operational efficiency.
Coordination with Statutory, Internal auditor for All Tax related queries

Qualifications & Skills

Chartered Accountant with 5 to 7 years of experience in direct and indirect tax, preferably in a high-growth or startup environment and consultancy firm
Strong technical knowledge of tax regulations
Experience with ERP systems (e.g., SAP, Oracle) and tax software solutions
Excellent communication skills, both verbal and written, with the ability to effectively interact with senior leadership and external stakeholders
Ability to manage multiple priorities in a fast-paced environment
Excellent analytical, problem-solving, and decision-making skills
Exceptional communication and interpersonal skills
Experience in the healthtech industry is a plus

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