Accounts Associate

1.JOB PURPOSE:

The job purpose is to ensure compliance of GST laws, monitor changes in regulations and support the accounts team for accurate calculation timely filing of GST returns. Also he/she should perform any other tasks and responsibilities as assigned by senior officers or management, related to accounts, indirect taxation, or financial compliance.

2.CORE JOB AREA JOB REPOSIBILITIES

Monthly Compliances - GST

-Reconcile tax credit and tax liability accounts to ensure proper utilization of tax credits and timely payments.

-Assist in the preparation and filing of statutory returns and forms.

-Support the team in the accurate calculation of tax liabilities

Monitoring Updation of regulations

-Monitor changes in tax legislation and assist in implementing necessary change.

-Assist in the implementation of new tax or accounting systems, process improvements, or regulatory changes as delegated by seniors

Accounting Aspects of GST

-Ensure all the accounting entries are entered before filling the GST returns.

• Help in reconciling tax entries in the books of accounts and assist in ensuring correct posting in the general ledger

Annual Compliances

-Assist in preparation filing of annual returns (GSTR 9, 9C

• Annual reconciliation of GSTR 2B with books of accounts and ensuring utilization of tax credits

Audit Assessments

-Coordinate and support internal and external GST audits and assessment

-Prepare working papers, schedules and responses to department queries

Other financial compliances

-Maintain and implement internal controls and financial procedures

-.Verification of internal vouchers and purchase bills.

-Reconciliation of related party balances.

Training Support

-Supervise and guide junior accountants and finance staff.

• Perform any other tasks and responsibilities as assigned by senior officers or management, related to accounts, indirect taxation, or financial compliance

3.EDUCATION AND EXPERIENCE

-Bachelor of Commerce (Required), MCom (Preferred), Minimum experience of 3 years in accounts and taxation in a small/mid corporate/manufacturing entity

-Practical experience of preparation filing of GST returns, reconciliation of tax credits liabilities, etc.

4 SKILLS / BEHAVIORAL COMPETENCIES

-Knowledge of Generally Accepted Accounting Principles

-Knowledge of GST laws and related procedures

-Communication Interpersonal Skills

-Time management

-Teamwork Collaboration

-Initiative Goal-Oriented

-Adaptability Flexibility

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