Bhuta Shah & Co

Nariman Point, Mumbai

Job Responsibilities Assist in preparation / review of monthly computations and GST Returns (GSTR 1 And GSTR 3B) GSTR 2A reconciliations and follow up with clients to ensure appropriate GST Credit has been availed and necessary accounting is done Assist in identifying transaction under GST RCM and compliance with the same Assist in timely filing of GST Returns and Tax Payments Assist in performing reconciliation between tax registers and tax general ledger Assist in reconciling the closing balance of duties and taxes in books with Electronic cash and credit ledger on GST portal Assist in preparation / review of GSTR9 -9C Assist in completion of GST Departmental audits & assessments Assist in documentation and other compliance for new GST Registrations Tax Research Assist in research on GST law applicability on day-to-day issues and ensuring tax accounting is appropriately undertaken. Proactively analyze the amendments in tax laws and its impact on the clients operation Drafting Review of various agreements from tax perspective and providing suggestion/ comments w.r.t changes to be incorporated Tax Office Work Routine visits to GST Departments in relation to filing of letters, applications, follow up on registrations, refund claims, etc. Visits to specific GST investigation/audit cells for filing responses/ replies to letters, explaining workings, etc. Tax Litigation Assist in preparation of responses to notice from department Assist in preparation of responses to summons from Investigation wing Assist in drafting reply to notice or drafting appeal memorandum or application for Advance Ruling

Job Summary:We are seeking a detail-oriented and highly organized Accountant to join our team. He/She will be responsible for overseeing daily financial transactions, preparing accurate reports, and ensuring compliance with accounting principles and regulations. The ideal candidate has strong analytical skills, a solid understanding of accounting principles, and excellent attention to detail.Key Responsibilities:Financial Record-Keeping: Maintain accurate financial records by tracking, verifying, and reconciling transactions, including accounts payable, accounts receivable, and general ledger entries.Financial Reporting: Prepare monthly, quarterly, and annual financial statements, reports, and balance sheets, providing insights to management on financial performance and trends.Budget Management: Assist with budgeting and forecasting by analyzing financial data and providing support in budget development and monitoring.Audit and Compliance: Ensure compliance with all relevant financial regulations and standards. Support internal and external audit activities as needed.Tax Preparation and Filing: Prepare and file tax documents in compliance with local, state, and federal regulations, and keep updated on changes in tax laws.Reconciliations: Perform regular reconciliations of bank accounts, credit cards, and other financial records to ensure accuracy and resolve discrepancies.Accounts Payable & Receivable: Manage invoicing, vendor payments, and customer payments, ensuring timely processing and collections.Cost Control: Monitor expenses and suggest cost-saving measures when applicable.Financial Analysis: Analyze financial data to identify trends, variances, and opportunities for improvement in financial processes.Qualifications:Education: Bachelors degree in Accounting, Finance, or a related field.

JD for Taxation role 0 to 5 years: Administer all direct tax compliance processes, including corporate tax returns, individual tax returns, etc., transfer pricing and related certifications and filing of forms Review and help in the preparation of details/submissions for assessment, re-assessment and search and seizure proceedings Working knowledge of survey, search and seizure proceedings Assist in preparing appeals to be filed before CIT(A) and ITAT-Both under the Faceless mechanism and before jurisdictional authorities. Aid in preparing submissions before appellant authorities under the Faceless mechanism and before Jurisdictional authorities. Help in litigation support by assisting Senior Counsels in preparing and representing appeals before Tribunal, High Court and Supreme Court. Assist in preparing submissions for the penalty, stay and prosecution proceedings under the Faceless mechanism and before Jurisdictional authorities. Representation before tax and appellant authorities. Assist in preparing, reviewing and filing E-TDS returns and having a hands-on practice for all withholding tax compliances. Analyse withholding tax implications for various types of transactions, including cross-border transactions. Support in advising on international tax issues, and corporate tax matters, including business tax structuring Should have a working knowledge of DTAA read with multilateral instruments and assist in tax issues relating to cross-border transactions, permanent establishments consequences, inbound and outbound tax matters, repatriations, etc. Supporting practice management initiatives like preparing proposals