Assistance in overseeing all tax-related matters (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:
1. Tax Strategy and Planning
. Assistance in implementing tax strategies aligned with the company's business objectives.
. Analysing tax impact of business transactions and providing tax-efficient solutions and structures for new and existing products.
2. Compliance and Reporting Direct Taxation
. Responsible for tax computations of Funds for NAV, finalizing the income tax liability (including interest computation u/s 234B, 234C) and preparing tax certificates for investors
. Responsible for advance tax calculations and payment, supporting tax audits and Income Tax Return filing of Funds and AMC / Trustee
. Ensuring appropriate deduction of TDS on payments to vendors and investors
. Ensuring compliance with quarterly TDS, TCS returns, reviewing workings and payment of monthly TDS, TCS and STT liability
. Ensuring appropriate compliances with respect to overseas payments
. Ensuring timely and accurate filing of annual STT return
. Review of Scheme Information documents, marketing materials from tax perspective 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.
3. Managing Communication with Tax Departments
. Tracking notices and correspondences received from direct and indirect tax departments and ensuring timely and accurate compliance with the same
. Liaisoning with tax consultants, senior tax counsels in relation to tax litigations and complex matters
4. Advisory and Support
. Provide tax advisory support to various business units, including investment, finance, and operations.
. Collaborate with external tax advisors and consultants as needed.
5. Risk Management
. Assist in identification and management of tax risks (including international transactions, impact from a PE and GAAR perspective) and other complex tax issues.
. Conduct periodic reviews and assessments of tax positions and exposures.
. Enhance processes for tax function with adequate documentation.
6. Other Activities
. Preparation of Tax Dashboard for Management
. Tracking changes in tax laws and updating the Management as well as relevant stakeholders
. Interact and collaborate with various functions for running tax discipline
. Interact with Statutory auditors and internal auditors on various tax treatments
Functional Knowledge:
. Deep understanding of Indian tax laws and regulations, as well as international tax principles, with respect to financial services.
. Good drafting & presentation skills
. Strong communication skills, managing internal and external stakeholders
. Strong analytical and interpretation skills
. Ability to balance multiple challenging priorities and assignments
Experience:
4 - 6 years of experience in a Tax role (exposure to Financial Services preferably AMC and Funds space)
Educational Qualification: Chartered Accountant (preferred)
