Taxation Executive

Role Overview: The Executive Director of Tax Strategy & Statutory Compliance is responsible for ensuring that the company’s S and D factories (Shops and Establishments) comply with all relevant statutory regulations, particularly under the Shop and Establishment Act. This role involves overseeing not only the tax compliance but also the statutory requirements related to the establishment and operation of factories, shops, and other commercial establishments. The individual ensures that all necessary registrations, licenses, and operational policies are in place, adhering to legal, labor, and safety standards for the organization. 1. Income Tax Compliance: - Income Tax Registration & Filing: Ensure that the factory is registered under the Income Tax Act and handle the timely filing of annual returns in compliance with applicable regulations. - TDS Management: Oversee compliance with Tax Deducted at Source (TDS) regulations, ensuring that deductions for employee salaries, vendor payments, and contractor transactions are calculated and submitted as per legal requirements. Ensure timely filing of TDS returns. - Tax Planning & Audit Support: Collaborate with the finance department to plan tax obligations and optimize tax payments. Assist in managing tax audits and ensuring all documentation is in place for smooth audit procedures. - TDS on Salaries and Vendor Payments: Ensure accurate TDS deductions from employee wages, supplier/vendor payments, and contractor services, and ensure timely submission of TDS payments. 2. GST (Goods and Services Tax) Compliance: - GST Registration & Compliance: Ensure the factory complies with GST registration requirements and is correctly classified under the GST regime based on the products/services manufactured. - GST Return Filing: Manage the preparation and timely filing of all required GST returns (e.g., GSTR-1, GSTR-3B, GSTR-9) in accordance with statutory deadlines and ensure proper input tax credit (ITC) claims. - GST Payments: Oversee the accurate calculation and payment of GST on sales, purchases, and imports to ensure no late payment penalties. - GST Audits: Prepare for and manage audits related to GST compliance, ensuring all records and documentation are available for inspection by tax authorities. - GST Transaction Monitoring: Monitor all financial transactions, including sales and procurement, for GST compliance. Ensure invoices are GST-compliant and facilitate proper reconciliation of input and output tax credits. 3. Statutory Tax Compliance: - Labor and Tax Law Compliance: Ensure compliance with labor laws and related taxation requirements, including the timely payment of statutory contributions like Provident Fund, Employee State Insurance (ESI), and other mandatory taxes for factory employees. - Tax Registration & Licenses: Manage and renew all necessary tax registrations, including GST, Income Tax, and local government registrations, to ensure the factory operates within legal requirements. - Statutory Filings: Ensure timely and accurate filing of all necessary statutory documentation and tax filings, including income tax returns, GST returns, and other regulatory reports. - Record Maintenance: Maintain and organize detailed records related to tax filings, payments, and compliance documentation to ensure readiness for inspections and audits by tax authorities. 4. Cross-Departmental Collaboration: - Collaboration with HR & Legal Teams: Work closely with HR to ensure accurate payroll processing and timely TDS deductions for factory employees. Collaborate with the legal department to ensure compliance with all statutory regulations related to taxation and labor laws. - Tax Compliance Training & Support: Provide guidance and training to departments, especially HR and finance, to ensure adherence to tax and compliance regulations. 5. Stakeholder Reporting: - Compliance Reporting to Management: Regularly report the status of tax compliance, including updates on GST filings, income tax obligations, and any compliance issues that need attention, to senior management. - Audit and Inspection Handling: Address and resolve issues raised during audits or inspections related to tax compliance. Implement corrective actions promptly to resolve any discrepancies. **Job Types**: Full-time, Permanent, Fresher Pay: ₹15,000.00 - ₹35,000.00 per month **Benefits**: - Health insurance - Paid sick time - Paid time off - Provident Fund Schedule: - Day shift Work Location: In person Expected Start Date: 09/05/2025