MG 5 / 5A
Direct tax and Indirect tax related compliance, advisory and litigation management for Chola and its Subsidiaries.
To ensure compliance with all applicable direct and indirect taxes.
To ensure proper accounting of all tax transactions, perform periodic reconciliations and update tax masters in all systems promptly for all changes.
To handle tax related litigation independently and / or through consultants.
To advise Management on tax implication of new products, schemes and processes.
To advise Management on implication of new laws/rules and changes to existing laws/ rules.
Job Duties & Responsibilities :
Tax related Compliance Management - Accurate computation / determination of taxes payable, remittance and filing of returns within due dates, coordination with auditors / consultants for obtaining audit reports as applicable, resolution of queries on returns filed with tax authorities, issue of TDS certificates and related customer query resolution, obtaining registrations and modification/surrender/ cancellation of registrations and all related compliance matters.
Accurate and prompt accounting of all tax related transactions, perform periodic reconciliation and update of tax masters in all systems promptly for all changes.
To independently handle tax assessments at Assessing Officer level and coordinate with external consultants for litigation.
Advise Management on tax implication of new products, schemes, process, investments etc proposed to be implemented by the company
Advise Management on tax implications of new laws/ rules and changes to existing laws/ rules.
Track developments arising out of legal decisions impacting any tax incidence for Chola and its subsidiaries.
Periodically evaluate the continued application of earlier positions taken with regard to tax liability in light of subsequent developments arising out of changes in regulations / legal decisions etc.
15 to 20 years of post qualification experience – Financial services industry experience by way of employment or consultancy role is desirable.
Education / Preferred Qualifications :
Specialisation in taxation related laws - desirable
Core Competencies :
Manage small team of 2 persons and coordinate with external consultants appointed for each state.
Should be able to effectively present company’s case before Assessing Officers.