Accounting Expertise Required

Job Overview:

The ideal candidate will have extensive hands-on experience in managing the entire Accounts Payable lifecycle, from expense booking to vendor payments, as well as a strong command of TDS and GST compliances, particularly regarding Input Tax Credit (ITC) claims.

This role requires a strong understanding of accounting principles, exceptional organizational skills, and a proven track record of process improvement, including Tally implementation and design.

Key Responsibilities:

• Accounts Payable Management:
  • Oversee the end-to-end Accounts Payable process, including invoice processing, expense booking, vendor reconciliation, and payment runs
  • Ensure all invoices are properly coded, authorized, and entered into Tally in a timely and accurate manner
  • Develop and maintain strong relationships with vendors, addressing and resolving any billing or payment inquiries promptly
  • Manage and track employee expense reports, ensuring compliance with company policies
• GST Compliance:
  • Manage all aspects of GST compliance, with a primary focus on maximizing and correctly claiming Input Tax Credit (ITC)
  • Perform monthly reconciliation of GSTR-2B with the Purchase Register and ensure timely action on discrepancies
  • Oversee the preparation and filing of monthly/quarterly GST returns (GSTR-1, GSTR-3B) and annual returns (GSTR-9, 9C) as applicable
  • Stay updated on the latest GST regulations, notifications, and amendments to ensure full compliance and optimize tax positions
  • Handle any GST-related notices or queries from tax authorities
• TDS Compliance:
  • Ensure timely and accurate calculation and deduction of TDS on all applicable payments
  • Prepare and file quarterly TDS returns (Form 26Q/24Q) within statutory deadlines
  • Generate and issue TDS certificates (Form 16A) to vendors and employees
  • Handle any TDS-related notices or queries from tax authorities
• Tally Implementation & Process Improvement:
  • Utilize extensive experience with Tally to design and implement efficient workflows and processes for Accounts Payable and tax compliance
  • Drive Tally-based projects for process automation, reporting enhancements, and better control mechanisms, particularly for GST and TDS reporting
  • Provide training and support to team members on Tally usage and best practices
• Team Management & Leadership:
  • Supervise and mentor a small team of accounts professionals, providing guidance, training, and performance feedback
  • Allocate tasks and monitor team performance to ensure deadlines are met and quality standards are maintained
  • Foster a collaborative and high-performance team environment
• Reporting and Reconciliation:
  • Prepare and analyze various AP and tax-related reports, including aging reports, vendor balances, and GST reconciliations
  • Perform regular reconciliation of vendor accounts, bank statements, GSTR ledgers, and General Ledger accounts
  • Support month-end and year-end closing activities related to Accounts Payable and tax liabilities
• Audit and Internal Controls:
  • Serve as the primary point of contact for internal and external audits related to Accounts Payable and indirect taxes
  • Ensure all processes and documentation are in compliance with internal controls and company policies

Qualifications:

• Bachelor's degree in Commerce, Accounting, or a related field. Professional certification (e.g., CA Inter, CMA Inter) is a significant plus
• Minimum of 4-5 years of progressive experience in Accounts Payable, with at least 2-3 years in a supervisory or managerial role
• Extensive, hands-on experience with Tally ERP 9 and/or Tally Prime is preferred, including implementation, customization, and advanced reporting
• Deep knowledge and proven experience in managing GST compliance, with a specific focus on Input Tax Credit (ITC) claims and reconciliations
• Strong knowledge of Indian accounting standards and direct tax laws, particularly related to TDS
• Proven experience with the full TDS compliance cycle, from deduction to filing
• Strong analytical, problem-solving, and organizational skills
• Excellent communication and interpersonal skills, with the ability to lead and motivate a team
• High level of proficiency in Microsoft Excel
• Ability to work independently and manage multiple priorities in a fast-paced environment