Job Description

An accountant's responsibilities concerning Tax Deducted at Source (TDS) and Goods and Services Tax (GST) include ensuring accurate compliance, making timely payments and filings, performing reconciliations, and coordinating with authorities.

TDS-related duties

Deduction and Payment

: The accountant is responsible for obtaining a Tax Deduction and Collection Account Number (TAN), deducting TDS at the correct rate on eligible payments (such as vendor invoices), and depositing the deducted amount with the government within the stipulated due date.

Returns and Certificates

: They must file TDS returns by the deadline and issue TDS certificates to the payees.

Record-keeping

: A key task is maintaining accurate records, including obtaining and maintaining the Permanent Account Numbers (PANs) of all vendors and employees.

Reconciliation

: The accountant is responsible for reconciling TDS-related ledgers and ensuring accurate reporting.

GST-related duties

Compliance and Filing

: This includes filing various GST returns (such as GSTR-1, GSTR-3B, and GSTR-9) and ensuring all applicable GST compliances are met.

Reconciliation

: Accountants must reconcile the accounts payable ledger and the GST Input Tax Credit (ITC).

Audits and Refunds

: They may handle GST audits, prepare refund applications, and communicate with tax authorities regarding discrepancies or notices.

Staying Updated

: Keeping current with changes in GST laws and tax policy is crucial for accurate compliance and for providing updates to the management.

General accounting duties related to tax compliance

Vendor Invoices

: Checking vendor invoices to ensure proper TDS and GST applicability.

MIS Reporting

: Preparing periodic management information system (MIS) reports related to taxation.

Ledger Maintenance

: Maintaining accurate tax balances on the general ledger.

Process Improvement

: Identifying tax risks and implementing best practices to improve tax-related accounting processes.
Job Type: Permanent

Pay: ₹30,000.00 - ₹45,000.00 per month

Work Location: In person