Responsibilities:
1) Provide expert guidance and advice to clients on GST implications for various business transactions, such as sales, purchases, exports, and imports.
2) Advise clients on the applicability of GST provisions to specific scenarios, such as reverse charge mechanism, place of supply, etc.
3) Provide clear and practical recommendations to clients, backed by sound reasoning and interpretation of GST laws and rulings.
4) Assist clients in GST registration, migration, and related compliance processes, ensuring timely and accurate completion of all required forms and documentation.
5) Prepare and file periodic GST returns, including GSTR-1 (outward supplies), GSTR-3B (summary return), and annual returns, ensuring compliance with statutory requirements and deadlines.
6) Perform regular reviews and audits of clients' financial records to ensure proper GST reporting and compliance, including reconciling input tax credits with vendor invoices and resolving any discrepancies.
7) Conduct internal audits of clients' GST processes and systems to identify areas for improvement and ensure robust compliance controls.
8) Act as a representative for clients during GST audits, inquiries, or disputes with tax authorities, including accompanying clients during on-site inspections or hearings.
9) Prepare necessary documentation, such as audit responses, reconciliations, and supporting records, to effectively represent clients' positions and demonstrate compliance.
10) Respond to queries from tax authorities and provide comprehensive support throughout the audit or dispute resolution process, including explaining transactions, clarifying GST treatment, and addressing any concerns raised.
11) Liaise effectively with tax authorities, engaging in professional and constructive dialogue to resolve issues and protect clients' interests.
Skills:
1) Effective communication skills to liaise with clients and tax authorities.
2) Proficiency in using GST software and familiarity with accounting software (e.g., Tally, SAP, etc.).
3) Proficiency in MS Excel or other spreadsheet software for data analysis.
4) Sound knowledge of Indian GST laws, regulations, and filing procedures.
5) Strong analytical skills with the ability to interpret financial data and identify GST implications.
6) Strong problem-solving skills and a proactive approach to resolving issues.
7) Excellent attention to detail and accuracy in reporting and documentation.
8) Ability to work independently as well as with team and meet deadlines in a fast-paced environment.
9) Continuous learning mindset to stay updated on GST developments and regulations.
Taxsutra is delighted to bring to its community a new service offering, ‘JobJet’ (jobjet.taxsutra.com) which endeavors to be a premium job listings website connecting job seekers with potential employers hiring in the domains of tax, law & accounting.