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Indirect Taxation Senior Executive/Manager – Real Estate
1 month ago
Job Description: The Indirect Taxation Senior Executive/ Manager Key Responsibilities: • Tax Compliance: • Ensure timely and accurate filing of all indirect tax returns (GST) for the organization, including on-time payment of taxes. • Maintain up-to-date knowledge of tax laws and regulations impacting the real estate industry, ensuring compliance with both local and national tax requirements. • Review contracts, agreements, and invoices to ensure correct application of indirect taxes. • Tax Advisory: • Provide tax advisory services to various departments (sales, legal, finance, and project management) on tax implications of real estate transactions, including property sales, leasing, and development. • Advise on GST implications for real estate developments, including project structuring, land acquisition, and the sale or lease of properties. • Guide on tax-efficient structuring for real estate investments and transactions. • GST Management: • Manage and oversee the GST compliance related to property transactions, including residential, commercial, and mixed-use developments. • Ensure proper documentation, tax filings, and reporting related to GST exemptions and input tax credits on real estate projects. • Handle tax audits and assessments by government authorities, preparing responses to notices, and addressing any concerns raised. • Tax Planning & Optimization: • Identify tax-saving opportunities and implement strategies to minimize indirect taxes for the organization. • Suggest improvements for indirect tax efficiencies in processes related to acquisitions, property sales, and development projects. • Provide recommendations for structuring real estate transactions to optimize tax outcomes. • Coordination with Authorities: • Liaise with tax authorities, consultants, and external auditors during audits or queries regarding indirect tax issues. • Manage correspondence with tax authorities, resolving any disputes or issues related to tax assessments or claims. • Documentation & Reporting: • Maintain proper documentation for all indirect tax-related transactions and contracts in line with legal and audit requirements. • Assist in preparing regular internal reports on indirect tax liabilities, reconciliations, and any potential risks. • Training & Knowledge Sharing: • Stay updated on the latest trends, amendments, and rulings in indirect tax laws, especially within the real estate sector. • Provide training and updates to internal teams about changes in tax laws, and implement new practices or systems related to tax compliance. Key Skills & Qualifications: • Education: Bachelor’s or Master’s degree in Accounting, Finance, Business Administration, or a related field. Certification in Indirect Taxation (e.g., CA inter , or other relevant certifications) is highly preferred. • Experience: 3+ years of experience in indirect taxation, preferably within the real estate industry. Knowledge of GST and other real estate-specific tax laws is essential. • Industry Knowledge: Strong understanding of the indirect tax implications of real estate transactions, including residential, commercial, and mixed-use developments. • Attention to Detail: High attention to detail with strong analytical and problem-solving skills to interpret complex tax regulations. • Communication: Excellent communication and interpersonal skills to work with.
