Indirect Tax- DM

Role Objective

To independently manage indirect tax compliance including preparation, filing, reconciliation of various GST returns, and ITC management. The role will ensure robust execution of tax controls and will be responsible for accurate reporting, vendor compliance, and support in process improvement within the GCC.

Key Responsibilities

• Independently oversee end-to-end GST compliance, including monthly and annual filings of GSTR-1, GSTR-3B, GSTR-9, and GSTR-9C, ensuring accuracy and adherence to statutory deadlines.
• Lead comprehensive reconciliation of outward and inward supplies with accounting records and GST portal data (GSTR-2A/2B), ensuring correct input tax credit claims and vendor data validation.
• Monitor and manage transactions under the Reverse Charge Mechanism (RCM), ensuring precise tax accounting and compliance reporting.
• Manage preparation and filing of specialized returns including GSTR-6 (Input Service Distributor), GSTR-7 / 7A (TDS related), and ITC-04 for job work, ensuring completeness and regulatory compliance.
• Review ITC claims and ensure adherence to regulatory requirements, including tracking reversals due to non-payment within 180 days.
• Prepare and coordinate the filing of GST refund applications, collaborating closely with finance and commercial teams to compile necessary documentation and resolve queries.
• Support compliance tracking related to EPCG import/export transactions to maximize indirect tax benefits.
• Oversee GST compliance validation of vendors, identify defaulters, and enforce payment blocks where necessary to mitigate tax risks.
• Collaborate with Procurement and Accounts Payable functions to ensure three-way invoice matching and vendor compliance, maintaining robust vendor control mechanisms.
• Generate and analyze detailed reports covering GST liabilities, ITC utilization, reconciliations, and filing status to inform management decision-making.
• Identify opportunities for process optimization and lead initiatives to automate indirect tax workflows for improved efficiency and accuracy.
• Maintain thorough documentation for all tax filings and reconciliations, ensuring preparedness for internal and external audits.
• Track and report key performance indicators (KPIs) related to compliance timelines, error rates, and vendor compliance metrics.
• Support indirect tax risk assessments, internal controls evaluation, and facilitate ongoing compliance monitoring to mitigate tax exposures.

Job Specifications Experience

• Middle level - DM - 2 to 4 years of experience in accounts, taxation, or a related finance/accounting role
• Middle level - Manager - 4 to 8 years of experience in accounts, taxation, or a related finance/accounting role
• Strong familiarity with accounting principles, financial regulations, and process improvements.
• Experience leading a team is required
• Experience working in a GCC environment or multinational organization.

Qualification

• Advanced degree - Master's or MBA/ CA/CWA/ CPA/CFA/ ACCA etc. is preferred
• Bachelor's degree in Accounting, Finance or a Business administration is required

Certifications

• Professional certifications in the field of accounts, finance or P2P are preferable
• Training in advanced ERP systems, preferably SAP Hana.

Competencies

Behavioural

• Experience in mentoring and developing team members
• Excellent communication and interpersonal skills for cross-department collaboration
• Proven track record of decision-making and problem-solving in a financial or tax capacity.

Functional

• Demonstrated ability in implementing process improvements and efficiency strategies in reconciliation and filing.
• Strong understanding of tax regulations and compliance requirements

Technical

• Proficiency in accounting software and ERP systems, particularly SAP Hana and using advanced tax software.
• Strong analytical skills with advanced proficiency in Microsoft Excel and data analysis tools.
• Ability to adapt and implement new technologies and automation systems in tax processes.
• Keen understanding of Goods and Service Tax Act and regulations applicable.