Accounts executive

Job Description:

We are seeking a detail-oriented and experienced Senior Accountant to join our dynamic finance team. The ideal candidate will have strong accounting expertise and a solid understanding of financial processes. The Senior Accountant will be responsible for overseeing and maintaining accurate financial records, preparing financial reports, and ensuring compliance with accounting standards and regulations. This role also involves collaborating with internal teams to streamline processes and contribute to the overall financial health of the organization.

Key Responsibilities:

• GST Compliance:

  • Ensure accurate filing of GST returns (GSTR-1, GSTR-3B, GSTR-9, and other related returns).

  • Monitor and reconcile GST input tax credit (ITC) claims and ensure proper documentation for claims.

  • Review and prepare GST working papers and ensure compliance with GST laws, including proper categorization of taxable supplies.

  • Liaise with tax authorities regarding any GST-related inquiries or audits.

  • Ensure timely and accurate payment of GST liabilities.

• TDS/TCS Compliance:

  • Ensure compliance with TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) regulations.

  • Prepare and file TDS returns (e.g., Form 24Q, Form 26Q) and TCS returns (e.g., Form 27EQ).

  • Reconcile TDS/TCS deductions with payments and corresponding challans.

  • Issue TDS certificates (Form 16/16A) and ensure proper tracking of TDS/TCS receipts for compliance with tax laws.

  • Coordinate with auditors and tax authorities regarding TDS/TCS assessments and queries.

• GST Tax Audit:

  • Assist in the preparation and review of documents for GST tax audits and ensure compliance with statutory audit requirements.

  • Prepare the necessary reconciliation of GST returns, books of accounts, and tax liabilities.

  • Coordinate with external auditors and resolve issues identified during GST audits.

• Preparation of Financial Reports:

  • Prepare monthly, quarterly, and annual financial statements, including balance sheets, profit and loss accounts, and cash flow statements.

  • Review financial reports for accuracy, consistency, and compliance with accounting standards (IND AS/GAAP).

  • Analyze financial data and provide insights to management on financial performance, cost-saving opportunities, and financial projections.

  • Ensure timely and accurate preparation of year-end financial reports for audit purposes.

• Internal Controls & Compliance:

  • Review and implement internal controls to ensure proper documentation and accurate financial reporting.

  • Monitor compliance with regulatory requirements and corporate policies.

  • Assist in financial planning, budgeting, and forecasting.

• Team Coordination and Support:

  • Mentor and guide junior accounting staff, providing training on compliance-related issues such as GST, TDS, and financial reporting.

  • Coordinate with internal teams (e.g., procurement, sales) to ensure proper documentation and timely compliance with tax requirements.

  • Support the Finance Manager/Controller with ad-hoc financial analyses and reports as required.

• Applicability of IND AS

  • Listed Companies: All listed companies in India are required to follow IND AS for financial reporting.

  • Unlisted Companies: Certain unlisted companies, typically those with a net worth exceeding ₹250 crore, are also required to comply with IND AS.

  • SMEs: Small and Medium Enterprises (SMEs) may be allowed to follow a simplified version of IND AS or can continue to follow existing Indian GAAP (Generally Accepted Accounting Principles), depending on the regulations.