Associate Manager - Taxation at HDFC Life Insurance - Mumbai

J2

Associate Manager - Taxation

Corporate - Mumbai

	Associate Manager Taxation
Key Performance Areas	Key Task & Activities
Ensure completion of operational activities related to indirect tax compliance .	Monthly calculations of Service tax output liability and CENVAT credit. Ensure payment of Service tax liability by due date. Assisting in carrying out monthly review process to ensure the correctness of levy of service tax on all output services and to ensure the correct availment of CENVATcredit (i.e. input tax paid on expenses).  Calculating the VAT Liability for Maharashtra State Month on Month and accordingly pay the same. Assisting in filing of VAT Return, WCT Return & Service Tax return as per Statutory requirement. Tracking of VAT liability PAN India, to ensure VAT registration if required and thereby ensure tax compliance. Passing the necessary tax related entries in SAP. Assisting in sending responses to the notices received from Service tax & Sales tax departments. To enable deduction of tax at applicable rates, to create tax codes in SAP. Issuing WCT certificates to vendors. Preparing Monthly provisions for the department. Preparing monthly service tax presentation. Preparing monthly Contingent Liability statement. Preparing monthly tax tracker along with reconciliation with the books of accounts, return filing, tax payments etc.
Ensure   accurate completion of direct tax related activities.	Assisting in responses to Notices received from Income tax department. To enable deduction of tax at applicable rates, to create of tax codes in SAP.
Ensure total assistance in tax assessments, departmental audits, filing of appeals with the Appellate Authorities.	Collating the details in case of Service tax as required by Departmental Auditors. Assisting in providing the direct and indirect tax related details during Statutory Audit. Assistance in submissions for Scrutiny assessments and filing of Appeals with Appellate Authorities.
Liaise   internally & externally	Arranging payments for the Invoices received from Professional Consultants & others. Liaise with the tax consultants with tax queries. Liaise with the Regional and Zonal Accountants and payments team for tax compliances. Liaise with the BS&T team for generating tax related reports, testing the system for the changes in the tax laws, maintenance of the tax reports.

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