Executive-GST

Role & responsibilities

1. GST Compliance and Filing:

• Ensure timely and accurate filing of GST returns (GSTR-1, GSTR-3B, GSTR-9, GSTR-9C, etc.) for the company.
• Maintain up-to-date knowledge of GST rates, exemptions, and amendments, ensuring the company remains compliant with changing laws.
• Review GST documentation and ensure proper invoicing, record-keeping, and reporting for all transactions.

2. GST Advisory and Consultation:

• Advise internal teams (finance, accounting, and procurement) on GST-related matters and best practices.
• Provide guidance on complex GST issues, such as classification of goods and services, valuation, and taxability.
• Recommend strategies to optimize the companys GST position, including input tax credit management and cost-saving initiatives.

3. GST Audits and Assessments:

• Liaise with tax authorities during GST audits or investigations and assist in resolving any issues or disputes.
• Prepare and review documents required for GST audits and assessments.
• Identify potential risks or areas of non-compliance and take proactive steps to address them.

4. Documentation and Record Keeping:

• Ensure that all required GST documents are maintained in accordance with statutory requirements.
• Assist in preparing necessary documents for internal and external audits.

5. Training and Development:

• Conduct training sessions for finance and accounts teams to ensure understanding of GST requirements and processes.
• Keep the team informed about updates and changes in GST laws.

6. GST-related Reporting:

• Prepare periodic GST reports for management, highlighting key insights, risks, and compliance status.
• Provide recommendations for improvement in GST-related processes and controls.

7. GST Reconciliation:

• Reconcile GST data between books of accounts, GST returns, and payments.
• Work closely with the accounting team to ensure proper alignment between input and output GST, and handle discrepancies.

Skills and Qualifications:

• Education: Bachelor's degree in Accounting, Finance, or a related field. A post-graduate degree (e.g., CA, CMA, MBA) or GST certification is a plus.
• Experience: At least 4-5 years of experience in GST compliance, tax consulting, or a similar role.

Knowledge:

• In-depth understanding of Indian GST laws, including GST Act, Rules, Notifications, Circulars, and relevant case laws.
• Familiarity with the GST filing system and tax software.
• Knowledge of GST related to import/export, interstate transactions, reverse charge mechanism, and export incentives.

Skills:

• Strong analytical skills with attention to detail.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and meet deadlines.
• Proficient in Microsoft Excel and other accounting software.

Personal Attributes:

• Problem Solver: Capable of identifying issues and providing practical solutions.
• Up-to-date: Keeps abreast of the latest developments in GST law and tax policy.
• Ethical: Demonstrates integrity and compliance with legal standards.
• Organized: Able to manage multiple priorities and deliver results efficiently.