Direct Tax Specialist

Job Description

Role: Direct-Tax team, PhonePe Group

Experience:

• Fresher CA or up-to 2 years of post-qualification experience – experience preferably in the field of Direct-tax.
• Ability to work well independently as well as the ability to work well with various inter-departmental stakeholders to collate/ report any required information.
• Proficient in Microsoft Office, especially in Word and Excel (experience in Oracle accounting is an added advantage).
• For CA with experience, the following are pre-requisites:
  • Knowledge of Indian direct taxes, International-tax, DTAA, etc.
  • Excellent knowledge of tax accounting, tax compliance and all types of tax returns and reports.
  • Exposure to various overseas jurisdictions in which group operates will be an added advantage.

Key Responsibilities:

• Ensure timely direct tax compliance – TDS, Equalisation Levy, Filing of returns, etc.
• Assist the team in the review and finalisation of both statutory (returns, reports, and audits) and internal (group tax reporting) reporting.
• Support the team in planning and implementing tax efficient policies/ transactions.
• Support the team with responding to any direct-tax litigations initiated

Detailed JD provided below:

TAX COMPLIANCE AND ADVISORY:

• Responsible to handle all tax related information data requests, review of documents, maintain backup files, coordinate with auditors, consultants etc.
• Responsible for TDS and equalisation levy compliance which shall include monthly payments as well as quarterly/ annual return filings – prepare relevant workings, get it reviewed by the team lead and ensure timely payments and compliance.
• Assist in the process of filing tax audit reports, direct-tax returns, transfer pricing related compliance and any other reports/ filings applicable to the PhonePe Group.
• Assist in preparing and filing application for filing annual lower tax withholding tax certificate.
• Update and track monthly/ annual Indian tax compliance calendar.
• Assist in review of agreements and highlight key tax issues to relevant stakeholders.
• Review and highlight tax positions that are to be adopted for routine, one off transactions – Eg: TDS applicability on local and international payments, inter-company transactions, etc.
• Responsible for compliance of an international payments – applicability of TDS, finalising TDS rate, filing of Form 15CB/ CA, etc.
• Willingness to learn and acquire technical knowledge to interpret tax laws and treaties.

TRACK UPDATES AND DEVELOPMENTS IN TAX LAWS:

• Stay updated with the latest changes in Indian as well as overseas tax laws which have an impact on the PhonePe Group.
  

LITIGATION:

• Responsible to track ongoing litigations/ tax proceedings on a regular basis and ensure that all notices are responded to in a timely manner. Maintain status of direct tax assessments, demands and refunds.
• Assist in the process of responding to tax notices – drafting responses, collation, and review of data to be submitted to the tax authorities, coordinate with relevant stakeholders in the organisation to collate information, coordinate with external consultants, etc.
• Follow up with tax authorities for tax assessment, order giving effects, refunds, appeals, notices, summons, etc.