
Executive - GST Compliance
4 weeks ago
Position Name - Executive - GST Compliance
Role Description - Handling GST Compliance activities for the unit.
Job Roles & Responsibilities
- Reconciliations of income, GST Liability GL, ITC GL and Expense GLs.
- To ensure correctness of liability and ITC booking.
- Preparation and filing GST returns like GSTR-1, GSTR-3B, ITC-04, GSTR-6 and GSTR-7A
- Preparation and posting Closing GST related JV's in SAP
- Ensuring the completeness of data upload in ASP solution including manual data load
- To ensure SAP and ASP data are in sync.
- To provide data for audit (statutory & GST)
- Preparation of data for Annual return and audit report (GSTR 9, 9C) within due date.
- Submission and e-filing of all GST returns including annual return
- Reporting ITC vendor reconciliation status to relevant stakeholders
- PO release and SAC/HSN updating in SAP.
- Cross charge of Domestic/Import of services including verification of invoices and preparing accounting entry
- Sample verification of High value invoices to check admissibility of credit availed
- Verification of Non-Cenvatable Transactions as per details shared by AP team as well as from separate report taken from SAP and monitoring of action taken, wherever required
- Working under rule 37, 42 & 44
- Cross Charge of expenses for travel expenses, HO expenses, Sales & services, ERC expenses, Domestic and Import services etc.
- Distribution working of ITC relating to ISD registration and ISD compliance.
- GST Billing on employees for Canteen and Transport services provided
- Knock off of Internal customer and vendor balance
- Creation of Invoices for RCM self-invoice, payment voucher, STS-PTS for above mentioned activities
- GST credit accounting for bank charges and per GSTR 2B in ASP tool
- Filing of refund and resolving queries of the department.
- Providing data for departmental queries in time.
Skills & Competencies
- Knowledge of the GST law.
- Proficiency in MS Office (Word, Excel and Outlook)
- Working knowledge of SAP System, navigation to GSTN portal, ASP and processes for Return filing.
- B.Com / M.Com
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