Supervisor Tax at Omnicom, Mumbai
Supervisor Tax at Omnicom in Mumbai. Apply with swipeandhired.
POSITION SUMMARY:
The Tax Supervisor is responsible for performing activities related to activities related to Indirect Tax & Statutory compliance procedures for Good and Service tax (GST), Withholding Tax and Corporate Income tax across multiple entities of the Group.
ESSENTIAL FUNCTIONS:
- Calculation, filing preparation and remittance - GST, TDS/ Withholding tax
- Ensuring all Monthly/Annual returns in Form GSTR 1, GSTR 3B, GSTR 6 (ISD) and GSTR 9 and 9C are filed within the due dates
- Preparation of outward GL and outward report working file. Reconciliation of such working files i.e. Outward report and Output liability GL accounts
- Preparation of inward GL and inward report working file. Reconciliation of such working files i.e. Inward report and inward GL accounts
- Discussions with relevant teams in case of differences between outward register and the IRN portal data
- Review of errors/ observations for outward and inward transactions
- Co-ordination and discussions with agencies and relevant SSC teams for resolving the errors/ observations
- Review of ITC matching files which includes the following –
- Review of split-booking transactions
- Review of invoices for resolving the transactions with document number mismatch and document date mismatch
- Preparation of dashboard workings to ensure that the liability is discharged correctly in the monthly return
- Review of 180 days deferment report shared by EY along with the interest workings
- Timely payments to tax bank accounts and vendor related TDS payments processing
- Support team members and Senior team members with audits – GST, client’s audit.
- Prepare/ Review Vendor and Employee quarterly e-TDS processing and monthly remittances
- Support Local Finance in Tax compliance documentation as required.
- Liaise with tax consultant on ongoing matters such as Show Cause Notice, hearings with department, etc.
- Review Corporate Income Tax calculation.
- Review documentation prepared for filing of withholding tax
- Prepare agencies with supporting documentation as per the local tax & statutory requirements
- Prepare annual financial statements
- Review Withholding tax calculation and filing preparation
- Review 26AS Income tax provision, filing, and remittance
- Income tax assessment and audit
- Calculate roll forward of deferred income taxes and accrued income taxes payable
- Estimate annual effective tax rate calculation
- Ensure timely preparation of Other IPG Tax Reporting Schedules
- Perform transfer pricing audit and assessment reconciliation
- Update and send for TL review Month/Quarter end Tax compliance check list.
Other activities:
- Resolve Agency Local Finance queries within defined timelines by meeting SLAs agreed
- Assist client and external audit process when necessary
- Supervising activities within process
- Assisting Team Leads in productivity and work load management for their respective areas
- Supporting TLs in Leave and Attendance management for their respective areas
- Cross training activities
- Act as Subject matter experts within the team.
EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS:
Essential
- 5-8 years of work experience in a similar role
- Experience in Advertising and Media industry preferred
- Minimum Education Qualification – B. com/M. com with Chartered Accountant or other equivalent post qualification
- Management of a high transaction volumes business, with good knowledge of associated controls and procedures
- Knowledge of statutory requirements in relation to Tax & Compliance
- Ability to provide high level of customer service for the R2R process
- Strong written and oral communications skills in English
- Strong problem solving, team management and organizational skills
- Experience in managing people and processes through a sustained period of change
- Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook)
- Experience in Tax compliance tools, AI and Automation tools, S4 HANA, MS Dynamics or similar ERP systems
A distinct advantage:
- Experience working in a Shared Services Centre focused on Finance & Accounting activities
- Experience in document imaging software like SharePoint
- Good knowledge of working with Government Portal and integrating with ERP.