Assistant Manager - Taxation

Job Summary

We are looking for Qualified CA and experienced Assistant Manager Taxation to manage direct and indirect tax compliance, tax planning, assessments, and reporting for a real estate organization. The role involves ensuring statutory compliance, minimizing tax risks, coordinating with auditors and tax consultants, and providing tax-related guidance to internal stakeholders in accordance with applicable laws and regulations.

Key Responsibilities

1. Direct Taxation

• Manage direct tax compliance, including advance tax calculations, tax payments, and filing of income tax returns.
• Handle TDS compliance, including deduction, deposit, return filing, reconciliations, and issuance of TDS certificates.
• Support tax planning and ensure compliance with applicable provisions of the Income Tax Act.
• Assist in preparing tax computations, provisions, and deferred tax calculations.
• Coordinate responses to income tax notices, assessments, and departmental queries.

2. Indirect Taxation GST

• Manage GST compliance, including preparation and filing of GSTR-1, GSTR-3B, and other applicable returns.
• Ensure accurate GST treatment for project-related expenses, vendor invoices, works contracts, and real estate transactions.
• Reconcile GSTR-2B with purchase registers and books of accounts to ensure eligible input tax credit (ITC).
• Monitor GST on construction contracts, subcontracting, development agreements, and other real estate transactions.
• Support GST audits, assessments, refund claims, and departmental proceedings.
• Ensure timely compliance with applicable GST regulations and amendments.

3. Real Estate Tax Compliance

• Review the tax implications of property sales, land acquisitions, joint development agreements (JDAs), and development management agreements.
• Ensure appropriate tax treatment for construction costs, project expenses, capital expenditure, and revenue recognition.
• Support tax compliance related to contractors, consultants, vendors, and project-related payments.
• Coordinate with project finance, accounts, legal, and procurement teams on tax-related matters.
• Assist in evaluating the tax implications of new projects, contracts, and business transactions.

4. Tax Audit & Assessment

• Coordinate with internal and external auditors for tax audits and statutory compliance.
• Prepare supporting schedules, reconciliations, and documentation required for audits.
• Assist in handling income tax and GST assessments, notices, and litigation matters.
• Track tax demands, refunds, pending assessments, and compliance deadlines.
• Maintain proper records of tax filings, challans, reconciliations, and supporting documents.

5. Reporting & Advisory

• Prepare periodic tax reports, reconciliations, and compliance trackers for management review.
• Identify opportunities to improve tax efficiency and minimize exposure to penalties and interest.
• Monitor changes in tax laws and communicate relevant updates to internal stakeholders.
• Support the finance team in budgeting, forecasting, and tax provision planning.
• Develop and maintain standard operating procedures for taxation processes.

Eligibility Criteria

• Education: Qualified CA with relevant taxation experience.
• Experience: 47 years of relevant experience in taxation, preferably within the real estate, construction, or infrastructure industry.
• Strong knowledge of GST, TDS, income tax, and applicable statutory regulations.
• Experience in handling tax assessments, audits, reconciliations, and statutory filings.
• Proficiency in MS Excel and accounting/ERP systems such as SAP, Oracle, or similar platforms.
• Strong analytical, communication, documentation, and stakeholder management skills.

Key Competencies

• Tax compliance and regulatory knowledge
• Analytical and problem-solving skills
• Attention to detail and accuracy
• Time management and adherence to statutory deadlines
• Coordination with internal teams, auditors, and consultants
• Ability to manage multiple projects and compliance requirements simultaneously