Assistant Manager - Direct Tax

Job Title: Assistant Manager - Direct Taxation

Reporting to: Head of Tax - India Region & SAP Business Process

Entity: Evonik India Private Limited

Purpose of the Position :

• The primary responsibility of this role is to ensure compliance with all regulations related to Direct Taxes, including corporate tax and withholding tax. The individual will assist in the preparation of data for tax audits and tax assessments, ensuring accuracy and adherence to statutory requirements.
• Additionally, this position also supports compliance under GST Laws.

Key Responsibilities:

Direct Taxes : Corporate Tax / Withholding Tax / Transfer Pricing :

Compliance :

• Calculation and processing of payments towards WHT obligation on periodic basis before statutory due dates.
• Timely preparation & filing of TDS Returns (26Q/27Q/27EQ).
• Payment of Advance Tax, Self-Assessment Tax before statutory due dates.
• Preparation of reconciliation statement between Tax Ledgers and Tax Returns at periodic intervals.
• Accounting of necessary tax payments entries under various statutory laws.
• Preparation of reconciliation statement for Tax Credit as per 26AS and Books of accounts on regular basis.
• Preparation of data required for Filing of Income Tax Returns and support filing of Income Tax returns to ensuring timely filing.

Audit : Tax Audit / TP Audit / Statutory Audit and Group Reporting

• Preparation of preliminary data required for Tax Audit - Form No.3CD along with annexures and Transfer Pricing Report - Form No.3CEB along with annexures.
• Coordination with Auditors in the process of completion of Tax Audit and Transfer Pricing Report.
• Preparation of data required for completion of Statutory Audit and Group Audit.

Tax Assessment and Litigation :

• Assist in preparation of data for filing responses to tax notices by extraction of data from various sources in SAP , data collation and data validation.
• Others :
• Assist in Preparation for Quarterly Group Reporting in GTC.

GST :

• Supports preparation of data for GST Compliance & GST Audit.

Education, Certification and/or relevant experience required

• B. Com / M. Com / Inter CA with minimum 5 years of experience of Direct Taxation (Corporate tax, WHT)
• Well conversant with Income Tax Act.
• Basis understanding and knowledge of GST Law and conversant with GST Compliance.

Additional skills and abilities required for this position

• Experience on tax compliance software or SAP
• Knowledge of Accounting, Commercial concepts, Business understanding.
• Technical Knowledge (E.g. specialized knowledge required to perform all the required tasks)

Conversant with Direct Tax Law and GST Laws.