Manager - Taxation

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Job Description:

Entity: Sun Life Global Solutions India (SLGS India)

Title: Manager Taxation (6.1)

Role: FTE

Location: Sector 62, Gurugram, Haryana

Reports to: Associate Director, Taxation

Work Responsibilities: Income Tax and GST (Subject Matter Expert)

Job Summary: Tax Manager is responsible for overseeing and managing the company's tax-related activities, ensuring compliance with Indian tax laws and regulations. This role involves strategic planning, tax reporting, and providing guidance on tax-related matters to optimize tax liabilities.

Income tax

• In-depth understanding of Indian Income tax laws, regulations, and compliance requirements.
• Develop and implement tax strategies to optimize tax liabilities and support business objectives.
• Computation of monthly TDS/ withholding Tax liabilities.
• Ensure timely and accurate filing of TDS/ withholding Tax returns, issue of TDS certificates.
• Computation and review Advance tax liability, tax provisions, deferred tax calculations, Effective Tax rate and other tax-related financial reports.
• Ensuring the books of accounts are updated and reconciled as per statutory returns.
• Assistance in annual Tax filings such as ITR, Transfer Pricing Report, Master File, CbCR etc.
• Stay updated with changes in tax laws and regulations, ensuring the company remains compliant.
• Provide tax advice and support to internal stakeholders on various transactions and business activities.
• Coordinate and manage tax audits, providing necessary documentation and responses to tax authorities.
• Identify and mitigate tax risks, ensuring robust internal controls and processes.

Goods and Services Tax (GST)

• Working knowledge of GST provision including reverse charge mechanism, IMS, E-invoicing etc.
• Reconciliation of GST Input Tax credits with GSTR 2A/2B and following up with vendors for corrections, if any required.
• GST Documentation: Maintain, organized and keep up-to-date records of GST transaction, Invoices, and related documents.
• Preparation / review of GST returns such as GSTR 1, GSTR 3B, GSTR 6, GSTR 9/9C etc.
• Filing of GST refunds application.
• Assistance in preparation of Tax updates for Management and Cross Functional teams.
• Assistance in filing of replies to various notices issued by the GST authorities and collation of documents as required.
• Handling/assisting GST queries, audits, and assessments.

Monthly closing and other task

• Assistance in monthly financial closing and sign-off.
• Monthly Account reconciliation and monthly proofing of tax and accounts receivable balance sheet items.
• Assistance in process improvement, automation etc.
• Should be able to manage ad-hoc requests in timely manner.

Experience

• Chartered Accountant with 7-9 years of working experience in Corporate Tax function
• Practical experience of working in Income Tax and GST

Skills

• Excellent analytical and problem-solving skills
• Effective communication
• Team player, excellent collaboration skills
• Proactive and self-motivated
• Proficient in Microsoft Excel, working experience in SAP / Oracle Financials or any other ERP.

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