Job Description

Purpose of the Role
Present Head- Direct Corporate Taxation at L2 level is actively involved in Corporate Actions on various Project initiated by the Very Senior management jointly in discussion with Chairman of the group leaving less time in review of day to day operations in the DT Area. The Function is responsible for DT Compliance across OneTML involving 19 entities including 3 Overseas Entities. TML as a parent Entity is also responsible for BEPS Compliance involving Local TP Filing, CbCr , Master file and the Important Pillar 2 Compliance which is a Global Tax Transformation Project which has been notified with effective date across various jurisdictions and shortly expected for announcement by Indian Government.
Job Responsibility

• Designing action Plan for all Compliance Management activities of COE for the Direct Tax Function and closely monitor the compliances across OneTML..

• Take stock of Automation Projects under DT Function and Identify & evaluate opportunities for automation/digitization of systems & processes and connect at regular intervals with DT Tower. Monitor the progress in below Automation projects.
• Domestic TDS compliance reconciliation to be submitted in Tax Audit.
• Reconciliation of Form 26AS with TDS accounted in books of accounts.
• Reconciliation of GST Exp. for TAR.
• Litigation Tool
• Tax Depreciation
• CbCr
• Pillar 2
• Replication of Automation across OneTML entities
• Continuous Process Improvement - continuously review processes & implement process changes from an efficiency, controls & SOX compliance perspective.
• Review the Advance tax workings /suggest for Tax Planning measures across OneTML.
• Active participation by way of review and guidance to team in quarterly closing activities of OneTML - Tax Provision/Deferred Tax/ETR/Contingent Liability/ Tax balances - Current/Non Current / Rationale for Retention of Tax Balances involving various Years and discussion with Auditors.
• Advisory - Providing advisory to internal teams on operational direct tax matters. Review of the submissions related to Appeals/ Assessments / Rectifications /OGEs etc applications filed with the Tax Departments on both domestic & international transactions and suggest on strengthening on position and closely monitor with Team on the disposals. Filing of Conso applications and visit to Tax Offices and personal appearance on critical matters , Appearance with Team before Tax Counsels/Representatives of Tax Consultants for Tax Conferences .
• Active participation in calls with Business jointly with RPT Consultant for Pricing on Intercompany transactions / Coordinating with Business for conclusion/ Review of Slide deck for presentation to Audit Committee across OneTML
• Active discussion and participation across JLR/TTL /One TML Entities for ensuring all BEPS Compliance- TP/ CbCR /Master File /Pillar 2 including discussion with Auditors.
• Ensuring key regulatory changes & judicial pronouncements are tracked, analysed for impact, communicated to all relevant stakeholders, and necessary steps taken to ensure compliance across OneTML.
• Refunds - Actively discuss Refund position /Disposal of Applications with the COE Team and DT Tower for continuous follow up with Tax Authorities to generate cash inflow . Join the call with Retainer to understand the status for all entities, personal visits to Tax Offices and meeting Tax Officers for disposal.
• Ensure the Tax Journey Entity wise and Assessment Year wise is in place for all entities across the group and review on ongoing basis receipt of Orders and identify cases where application is pending for filing and subsequent disposal.
• Quarterly Tax Closing - Finalisation of Provision for Tax, Deferred Tax, Effective Tax rate and Advance Tax Calculations and other quarter closing related activities for Tata Motors group entities. Active Participation in Simulations for Tax Provisions basis future Projections. Ensuring timely updation & submission of compliance reports and Tax status decks for Board Meetings.
• Regular Review of Expat Tax Compliance by DT Tower for various TML employees deputed outside India.
• Advocacy - Liaising with the Tata Group and Business teams and assisting in making representations before CBDT & Industry bodies
• Driving- Learning and Communications Skills and being involved in Strong Team Building.

Stakeholder Profiles & Nature of Interactions
Desired Candidate Profile

• Education : Chartered Accountant
• Relevant Experience: 15-20 years post qualification experience in the area of the Direct/ Corp. tax.
• Assessments/Appeals -Litigation before various forums/ Representation before Tax Officials
• Analysis of Relevant Updates in Taxation
• BEPS Compliance
• Well versed in all Income-tax Compliances - Qtly/Periodic - Practical and Technical Exposure
• Exposure to Overseas Taxation -Added advantage
• Strong MIS building Skills.
• Automation Initiatives

Skills & Competencies

• Working knowledge of SAP
• Good Knowledge of accountancy
• Strong skills set on Direct Taxation Laws (incl. hands on experience of managing assessments & litigation)
• Effective Team leader
• Strong interpersonal & Communication Skills
• Strong leadership skills

Skills Required