dspim~3mo ago

Industrial Trainee - Tax

India·Mumbaientry

OtherTrainee

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Quick Summary

Overview

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…

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OtherTrainee

Responsibilities

~1 min read

→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

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

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.