Manager Taxation

Industry: Non-Banking Financial Company (NBFC)
Qualification: Chartered Accountant (CA)
Experience: 3 to 5 ears of relevant post-qualification experience
Department: Finance & Taxation

Job Summary

We are looking for a qualified Chartered Accountant with approximately 3 years of relevant post-qualification experience in taxation and statutory compliance, preferably in an NBFC or financial services organisation. The candidate will be responsible for managing direct and indirect tax compliances, GST and TDS, tax audits, assessments, scrutiny proceedings, review of financial and tax data, and drafting responses to notices issued by tax authorities.

The role requires strong technical knowledge, analytical skills, attention to detail, and the ability to coordinate with internal stakeholders, auditors, and tax consultants.

Key Roles & Responsibilities

1. GST Compliance:

• Ensure timely and accurate filing of GST returns, including GSTR-1, GSTR-3B and other applicable returns.
• Review GST data, monthly reconcile books of accounts with GST returns and identify discrepancies.
• Monitor monthly Input Tax Credit (ITC) eligibility, reversals, reconciliations and related documentation.
• Handle monthly GST reconciliations, annual return requirements and GST audit-related activities, wherever applicable.
• Review GST applicability on various transactions, including financial services and NBFC-related transactions.
• Respond to GST notices, queries and departmental communications.

2. TDS and TCS Compliance:

• Ensure accurate deduction, deposit and timely filing of TDS/TCS, wherever applicable.
• Review TDS applicability on vendor payments, professional fees, interest, rent, commissions and other transactions.
• Monthly reconcile TDS returns with books of accounts and tax deduction records.
• Handle TDS return corrections, lower/nil deduction certificate matters and related compliance requirements.
• Manage notices and demands relating to TDS and coordinate their resolution.

3. Direct Taxation and Income Tax Compliance:

• Assist in computation and review of advance tax, self-assessment tax and corporate income tax provisions.
• Support preparation and filing of income tax returns and related tax computations.
• Review tax provisions, disallowances, deductions and monthly reconciliations between accounting profit and taxable income.
• Monitor changes in tax laws and assess their impact on the organisation.
• Coordinate with external tax consultants on tax planning, compliance and advisory matters.

4. Tax Audits and Statutory Audit Support:

• Coordinate tax audit requirements and preparation of relevant schedules, monthly reconciliations and supporting documents.
• Review financial data and tax workings for accuracy, completeness and compliance with applicable tax laws.
• Coordinate with statutory auditors, internal auditors and tax auditors for information and clarifications.
• Ensure timely closure of audit observations and tax-related issues.
• Maintain proper documentation and audit trails for tax positions and transactions.

5. Tax Assessments, Notices and Litigation Support:

• Handle tax notices, scrutiny assessments, departmental queries and other proceedings under applicable tax laws.
• Review underlying financial and transactional data to identify factual discrepancies and potential tax exposures.
• Draft clear, technically sound responses to notices issued by Income Tax and GST authorities.
• Compile supporting documents, monthly reconciliations, legal provisions and evidence for submissions.
• Coordinate with tax consultants and legal advisors for assessments, appeals and other proceedings.
• Track deadlines, hearings, submissions, demands and closure of pending matters.

6. Data Review, Reconciliation and Internal Controls:

• Review tax-related data extracted from ERP, accounting systems and other financial records.
• Perform monthly reconciliations between books of accounts, GST returns, TDS returns, income tax records and other relevant statements.
• Identify discrepancies, assess tax implications and coordinate corrective actions with business and finance teams.
• Strengthen tax compliance processes, internal controls and documentation standards.
• Maintain a tracker of statutory due dates, notices, assessments, refunds and outstanding demands.

7. General Tax Compliance and Stakeholder Coordination:

• Ensure adherence to applicable direct and indirect tax laws, rules and regulatory requirements.
• Monitor amendments in taxation laws and communicate relevant compliance changes to stakeholders.
• Coordinate with Finance, Accounts, Legal, Operations, auditors and external consultants.
• Prepare tax compliance reports, management updates and summaries of outstanding tax matters.
• Support process improvements, tax risk identification and implementation of standard operating procedures.

Desired Candidate Profile:

• Qualified Chartered Accountant with approximately 3 years of relevant post-qualification experience.
• Experience in GST, TDS, Income Tax, tax audits and statutory tax compliance.
• Practical experience in reviewing financial and tax data, reconciliations and tax workings.
• Hands-on experience drafting responses to notices and handling assessment proceedings.
• NBFC, Big 4, banking, financial services or other regulated-sector experience will be preferred.
• Strong knowledge of applicable taxation laws, rules, notifications and compliance requirements.
• Good drafting, analytical, communication and coordination skills.
• Proficiency in MS Excel and working knowledge of accounting/ERP systems and income tax/GST portals.

Preferred Experience: A candidate who can independently manage routine tax compliances and data reviews, draft responses to tax notices, and coordinate assessment proceedings with minimal supervision.