Audit Executive

• CA FIRM LOCATION :- GHATKOPAR
• Position: Audit, Taxation & Accounting Associate / Executive
• Department: Accounting, Direct Tax, Indirect Tax & Assurance
• Key Areas of Work
• 1. Day-to-Day Bookkeeping & Accounting Operations
• Daily Accounting: Recording routine financial transactions (sales, purchases, expenses, receipts and payments) in accounting software.

Vendor & Customer Ledger Reconciliation: Performing monthly/quarterly ledger reconciliations, issuing balance confirmation statements and resolving disputes/variances with vendors and customers.

• Bank Reconciliation Statement (BRS): Conducting daily/weekly/monthly bank reconciliations to ensure accuracy in cash flows.
• Fixed Asset & Inventory Management: Maintaining the Fixed Asset Register (FAR) and supervising periodic inventory count reconciliations.
• 2. Management Information System (MIS) & Financial Reporting
• Periodic MIS Preparation: Compiling monthly and quarterly MIS reports.
• Finalization of Accounts: Preparing Trial Balances, Balance Sheets and Profit & Loss statements under applicable frameworks.
• 3. GST Compliance
• Routine Compliance: Monthly computation of GST liability and execution of monthly/quarterly/annual return filings.
• Client follow up for data and approval
• ITC Reconciliation: Reconciling ITC with books of accounts on a monthly basis.
• 4. TDS & TCS Statutory Compliance
• Monthly TDS/TCS Deductions: Section-wise determination and calculation of TDS/TCS obligations and timely deposit via challans.
• Client follow up for data and approval.
• Quarterly Returns & TRACES: Drafting and submitting quarterly TDS/TCS returns, downloading TDS certificates and resolving demand notices or short deductions.
• 5. Statutory Audit & Financial Assurance
• Assisting in statutory audits of Companies, LLPs and firms under Standards on Auditing (SAs).
• Conducting substantive testing, voucher verification, physical inventory checks and compiling detailed Audit Working Papers (WPs).
• 6. Tax Audit (Direct Taxation)
• Conducting Tax Audit verification and compiling Form 3CA/3CB and Form 3CD annexures.
• Detailed clause by clause verification.
• Monitoring supplier payment terms under Section 43B(h), reviewing disallowances under tax laws and coordinating for e-filing.
• Maintaining structured working papers and supporting documents.
• 7. Income Tax Returns (ITR) & Data Reconciliation
• Preparing and filing ITRs (ITR 1 through ITR 7) for Individuals, HUFs, LLPs and Corporates.
• Reconciliation of books with AIS, TIS, Form 26AS and GST filings.
• Client follow up for data and approval.
• Evaluation of tax liabilities under the New Tax Regime vs. Old Tax Regime.
• 8. Foreign Remittances (Form 145 & 146)
• Evaluation of withholding tax provisions under domestic rules vs. Double Taxation Avoidance Agreements (DTAA).
• Preparation and certification of Form 146 and online submission of Form 145 (Parts A/B/C/D) on the e-filing portal.