Handling of Statutory compliances, both direct and indirect taxes.
Monthly filing of all GST returns of all the locations, compiling monthly payment details of all TDS, Quarterly Filing of TDS Returns, Annual Filing of GST Returns and any other statutory compliances. Review and updating the SAP whenever there are any amendments in GST law for accurate accounting and invoice generations.Job Outline :-
At ISB, Finance plays a key role in controlling and managing the financials of the institute. The department also handles all the legal matters as well as all aspects related to statutory compliances.
The jobholder as Assistant/Manager Finance reports to Senior Associate Director/Associate Director and performs a set of responsibilities which enables timely and accurate compiling the data, reviewing with our SAP records and accounting GST entries , generating and accounting of student debit notes, generating invoices and accounting , coordinating with other team members for compiling the data, reviewing regularly Input Credit of GST, and reconciling with books, and follow up with vendors who have not filed timely GST returns. Also regularly reviewing in SAP all the records of GST E invoicing and making necessary corrections in system coordinating with SAP consultants as per latest amendments.
Monthly review of TDS Payable and providing the details to reporting manger for timely payments of Taxes to Government.
The job holder needs to ensure that established processes related to accounting of GST and TDS are followed for all transactions and are in adherence to the school’s requirements.
While executing the job the job holder needs to respond to the queries, clarify doubts to the staff with regards to GST and TDS. he needs to also provide necessary information when sought for to the other departments and to Govt Authorities. Further as and when required s/he needs to provide support and assistance to the team members.
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