Principal - Direct Taxes

JOB PURPOSE

Led end-to-end tax & compliance functions for Global Varroc Group, including timely preparation & filing of Master File & CbC Report under OECD Action Plan, while managing tax & statutory audits, income tax returns and direct tax assessments, mega project compliance, review TDS compliances & removal of TDS defaults, R&D approvals by DSIR, finalization

of cost audits, & insurance policy renewals & claims.

PRINCIPAL ACCOUNTABILITIES

• Tax audits
• ? Finalize Tax Audit of all Indian entities
• ? Discussions with tax auditors on issues related to tax audits
• Statutory audits
• ? Finalize Tax provision along with discussion with Statutory Auditors and provide effective tax rates (Quarterly)
• ? Provide details of accrual & receipt of Government Incentives to Auditors
• IT returns
• ? Finalize advance tax working (Quarterly)
• ? Finalization of tax computations of Indian entities
• ? Get tax computation reviewed by tax partner
• IT assessment
• ? Review data and submissions for assessments at various levels such as AO, DRP, CIT(A) & ITAT
• ? Prepare and submit rectification applications
• Government Incentives
• ? Study various policies launched by Central & State and check applicability
• ? Apply for applicable incentives well within timelines
• ? Ensure timely filing of annual claim documents
• TDS compliance Overall review
• ? Overall control of TDS payments and compliances
• ? Ensure timely removal of defaults
• R & D Audit
• ? Ensure timely renewal of renewal of recognition of R&D centers
• Insurance

? Provide requisite details for renewal of various policies such as IAR Policy, stock related policies, cyber & commercial crime policy, product liability policy, etc. to the broker

• Others
• ? Prepare notes related to tax in respect of Consolidation of financials along with standalone FS
• ? Review financial statements
• Special Project
• ? Ensure tax compliances arising as a result of various projects.

QUALIFICATION

? Minimum Qualification required: CA (1st attempt preferred)

WORK EXPERIENCE

• ? Minimum 10-12 years of experience
• ? Industry Related experience> 10 years
• ? Other soft skills/competencies - Communication, Leadership, Problem-solving
• ? Staying updated regarding changes in Tax Laws & Regulations,
• ? Excellent written & oral communication skills,
• ? Analytical Thinking & Problem Solving
• ? Negotiation skills,
• ? Leadership & Team Management skills.
• The position reports to the Head - Direct Taxes / Insurance & has a Team of 4 employees reporting to it.

Outstation Candidates will have to RE-LOCATE to AURANGABAD and will be eligible to avail benefits under the Relocation Policy.