AVP -Tax Compliance – Accounts Payable with Deutsche Bank recruitment

                  AVP Tax Compliance - Accounts Payable

Function/ Dept

DBOI BMSC – Accounts Payable

Functional Job Title

AVP Tax Compliance  - Accounts Payable

Coverage

DB AG India branches and all DB Group entities in India ( presently 11 entities).

Reporting

Accounts Payable

Scope and Responsibilities

(Breadth and specific duties of job)

Taxation – Direct Taxes  and  Indirect Taxes :

Ø  TDS Compliance:   the responsibilities of this role include:

• Monitoring  and  reviewing Quarterly TDS Statements prepared by AP team

• Monitoring Consolidation of Q TDS statements

• Sending the Entity Q TDS statements to external Vendor (nominated by NSDL) for upload on NSDL website.

• Maintaining the soft copy and hard copy of all final Q TDS statements uploads / re-uploads, acknowledgements for filing of the statements.

• Reviewing the uploaded statements to identify the errors, if any, crept in the statements and taking corrective actions.

• Where TDS is short deducted / not deducted by AP – contacting Vendors to get requisite confirmations / documentation to reduce cost impact to Payer entity.

• Determining interest liability for short deduction / late deduction etc.

• Monitoring timely depositing of  monthly TDS , correct and accepted TDS demand ( relating to vendor payments) raised by Tax Authorities , with Government Treasury.

• Providing MIS on TDS done section-wise / quarter wise ( in format pre-agreed ) to Group Tax.

• Maintaining inventory and documentation of all TDS challans, demand paid challans etc.

• Monitoring inventory of all TDS exemptions and other relevant documents ( eg. TRCs etc.) Based on which concessional tax rate is applied.

• Co-ordinating with external CA firm (presently Mr. Mahesh Desai, CA Consultant) to facilitate issuance of Remittance Certificates.  Keeping inventory of relevant documents relied on by Mr. Desai along with copy of his final certificate for presenting to Tax Authorities on demand.   Maintaining soft copy of relevant records.

• Liasioning with VPF raiser, should a particular clarification / documentation required for determination of TDS ( on residents / non resident vendors).

• Liasioning with Group Tax in case of a query relating to application of TDS rates / any other TDS compliance related matter.

• Collating information relating to delays relating to TDS on Vendor payments and submitting that on timely manner to Finance (Onshore Finance + PSC- Finance) Team for Tax Audit purposes.

• Accompanying Group Tax / Deloitte should there be a need to explain / present underlying facts / details to TDS authorities during TDS audit / assessment by TDS authorities.

• Preparing first cut draft letters (with all attachments) for review of  PSC-Finance / Finance / Group Tax , for responding to queries by Tax Authorities relating to TDS done  by AP.

Ø  Corporate Tax Compliance :  the responsibilities of this role include:

• Monitoring  retrieval of documents required to be presented  ( in timely manner) to Tax authorities during DB Group entities Corporate Tax Assessments. Collating and presenting the  details  to PSC-Finance / Finance / Group Tax in format pre agreed.

Ø  Service  Tax Compliance :  the responsibilities of this role include:

• Monitoring  preparation of Cenvat Credit Register ( CCR). Reviewing the CCR and providing Service Tax input figures to  Finance ( Onshore Finance + PSC- Finance)  for set off against out put tax.

• Monitoring rejection of  invoice ( for non compliance with service tax checklist)  while capturing  service tax for CCR purpose.

• Preparing monthly MIS for presenting to  (a) Business COOs to advice on amount of CENVAT credit lost due to non compliance of invoices and  (b) to Vendor relationships – the amount of incorrect invoices presented ( above a threshold) by a particular Vendor month on month.  Where required following up with Vendors to get Invoices corrected or advice Vendor to correct invoices going forward.

• Retrieval of  underlying invoices and presenting them to Service Tax Inspectors  vesting DB Group premises, during  EA audits / other audits by Central Excise Department.

Ø  Other related activities  :  the responsibilities of this role include:

• Providing updates to Entity Management of important / relevant activities / audits etc.

• Any other activity  which may require to be carried our relating to above broad areas  ( or new tax levy relating to Vendor payments) on account of changes in process / procedures followed by Indian Tax Authorities or Indian Tax Laws , from time to time.

Work Flow

(Touch points within and between units)

Ø  Global Sourcing Team(service recipient)

Ø  AP team

Ø  Finance Teams ( Onshore – entity RFDs / ICAs + PSC-Finance)

Ø  Group Tax  team

Ø  Vendors

Ø  Tax officials

Desired Personality Traits

Ø  Reasonable technical and analytical skills

Ø  Good communication, interpersonal and relationship management skills.

Ø  Ability to prioritize and meet deadlines

Ø  Strong team player.

Ø  High integrity and good track record 

Ø  Good leader

Qualifications

Preferably a Chartered Accountant with experience of working in areas related to taxation.

Location

Mumbai