Overview
Designation: Manager, Accounts Payable
Location: Corporate Office, Gurgaon
Reports to Head of Finance
Accounting Operations & Financial Reporting:
– Prepare monthly MIS and analyzing the data to identify trends, variances and improvement opportunities.
– Prepare financial statements, including balance sheet, income statements and cash flow statements and notes to accounts.
– Prepare inventory reconciliation, AP reconciliation and expense reconciliation.
– Prepare budget, forecast and financial projections.
Tax Compliance:
– Prepare GST tax returns (GSTR-1, GSTR-3B, GSTR-9 & 9C), ensuring compliance with tax laws and regulations.
– Prepare and deposit TDS data with the reconciliation of return.
– Prepare replies for tax matters related to GST and Income Tax and others.
TDS Monthly, Quarterly and Annual Compliance
Monthly Preparation of Data
– Extract TDS Ledger from Balance Sheet and Cross check TDS amount with expense report and calculating threshold under section 194 Q and under section 197 regarding the TDS Lower deduction certificates.
– Passing reversal entries regarding bills for which TDS was earlier deducted on Advance.
– Finalization of data with the help of consultant and deposit TDS on time.
TDS Return Filing (Quarterly)
– Prepare TDS sheet for filing of quarterly TDS Return with the requisite information like challan details, Vendor details, expense amount details.
– Club quarterly TDS data with challans
– Finalization of data for quarterly filing
– Download and circulate Form 16 A to the respective PIC.
– Reconciliation of books v/s TDS Return with consultant.
Section 194 R
– Use the data prepared by AR team (COGS to marketing) and preparing the data with the help of mails received during the month.
– Prepare data for Store pickup and track the goods send on return basis and approval from the respective department.
– Entry in the system regarding section 194 R TDS entries.
TDS Data for Statutory and Tax Audit Purpose
– Prepare TDS reconciliation books v/s return and balances coming in balance sheet.
– Prepare sheet for statutory dues payable as per the audit entries.
– Prepare data for section 34A, 34B, 34C as required to report in Tax Audit report.
TCS Monthly, Quarterly Compliance
– Get declaration from the customer for checking TCS applicability
– Prepare TCS applicability sheet as per the declarations received from the customers.
– Extract AR Ageing of preceding month and AR Register of current month.
– Extract payment transactions of current month for preparing the details of customer wise monthly payments.
– Preparing of final sheet for liability based on above data.
– Preparing of Quarterly Data for filing of TCS return and follow up with the consultant for finalization and filing of the same.
Audits:
– Preparation of data for statutory audit like financials, notes to accounts and accounting policies notes.
– Preparation of tax audit clauses working like 34A and 44 etc.
– Preparation of income tax return of the company with complete tax computation.
– Tax Audit along with preparation and filing of tax audit report.
– Documentation for direct tax assessment and coordinating with consultants.
– Monthly closure of books of accounts with the variance analysis of cost and profits.
– Income Tax/ Transfer Pricing Assessments cases
The Successful Applicant
– Qualified CA with 4-6 years of post qualification experience in Accounts Payable in a retail background
– Due to mandatory client requirements, MBA, CMA and Semi-Qualified CAs are not eligible for this opening
What’s on Offer 20 LPA