Chartered Accountant

Role & responsibilities

A. Mining-Specific Statutory Payments and Tax Compliance

• Monitor and coordinate the timely payment and accounting of mining royalties, dead rent, surface rent, District Mineral Foundation (DMF) contributions, National Mineral Exploration Trust (NMET) contributions, and other applicable statutory dues.
• Verify statutory payment calculations against relevant mineral dispatch, production, and sales records, in coordination with the mining and commercial teams.
• Maintain records of challans, statutory receipts, payment acknowledgements, and reconciliations for mining-related dues.
• Coordinate with mining, legal, commercial, and liaisoning departments to ensure that statutory financial obligations are fulfilled within prescribed timelines.
• Review the financial and tax implications of mining leases, mineral dispatches, project contracts, and other operational arrangements.
• Support the preparation of financial information required for statutory inspections, departmental audits, and regulatory submissions.

B. Direct Taxation and Income Tax Compliance

• Ensure timely compliance with applicable provisions of the Income-tax Act and related rules.
• Calculate, review, and arrange timely deposit of Tax Deducted at Source (TDS) on salaries, contractors, professional fees, rent, interest, and other applicable payments.
• Ensure timely filing of TDS returns, issuance of TDS certificates, and reconciliation of TDS balances.
• Assist in tax planning, tax provisioning, assessment proceedings, and the evaluation of tax implications of business transactions.
• Monitor income tax notices, demands, refunds, scrutiny assessments, and other proceedings, and coordinate with consultants or tax authorities as required.
• Review the tax implications of mining-related contracts, equipment purchases, transportation arrangements, consultancy services, and contractor payments.

C. GST and Indirect Taxation

• Manage GST compliance, including preparation, review, and timely filing of applicable GST returns.
• Ensure proper reconciliation of GSTR-1, GSTR-3B, GSTR-2B, purchase registers, sales registers, and books of accounts.
• Monitor Input Tax Credit (ITC) eligibility, utilisation, reversals, and reconciliation in accordance with applicable GST provisions.
• Review GST treatment of sales of minerals, works contracts, transportation, equipment rentals, and other mining-related transactions.
• Review the applicability of Reverse Charge Mechanism (RCM) on relevant services and other transactions.

D. Banking and Treasury Management

• Manage day-to-day banking operations, including bank account administration, payment processing, fund transfers, and bank reconciliations.
• Monitor fund requirements for mining operations, including royalty payments, statutory fees, contractor payments, vendor dues, employee salaries, and other project-related expenses.
• Coordinate with banks for bank guarantees, letters of credit, fixed deposits, security deposits, and other financial instruments, wherever applicable.
• Maintain effective banking relationships and coordinate with bank officials for timely resolution of operational and financial issues.

F. Audit, Internal Control and Risk Management

• Coordinate with internal auditors, statutory auditors, tax auditors, banks, and external consultants.
• Provide supporting documents and reconciliations for statutory audits, tax audits, GST audits, and bank inspections, as applicable.
• Identify discrepancies, potential compliance risks, delayed statutory payments, and irregular banking transactions.
• Ensure adherence to company-authorised payment procedures, approval matrices, and financial control policies.
• Monitor due dates for banking obligations, tax returns, statutory payments, and regulatory submissions.
• Maintain confidentiality of financial information and ensure secure handling of banking credentials and sensitive financial documents.
• Recommend improvements in banking processes, tax compliance systems, payment controls, and financial reporting procedures.

Preferred candidate profile

Preferred Industry Mining, Cement, Manufacturing

Requirement for Kolkata (H.O) in a Mining company.