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Indirect Tax Specialist

Indirect Tax Specialist

292360BR

Hyderabad

      

 

It takes a dream to create a successful business idea....It takes people to make dreams a reality.

Working at the IKEA Group means that you are part of an inspiring, fun and fast-paced environment. We’re the world’s largest home furnishing retailer, with 155,000 co-workers and operations in 43 countries, but we value working in a non-bureaucratic way. Here you can always be yourself. In fact, we actively encourage it! At IKEA, we respect each other, our differences and are open to everyone making a contribution. So no matter where you work in the world, you’ll most likely rub shoulders with a diverse group of people – with different backgrounds, special skills and a quirky sense of humour.

We offer exceptional career and learning possibilities at IKEA. Our co-workers are encouraged to try different roles, and many change between functions and countries several times in their careers. You can design your own career path according to your development plan and future goals. We believe in every co-worker’s ability to develop. Because as you grow, IKEA grows too. To start growing with IKEA, take a look at our different roles and available jobs.

We are currently looking for an Indirect Tax Specialist to join our IKEA India team in Hyderabad

PURPOSE OF FUNCTION:

Group Corporate Finance, Tax & Treasury is responsible for supporting IKEA Group companies with specialist knowledge and solutions in the areas of Corporate Finance, Insurance, Treasury, and Tax. Our main responsibilities are:

  • Optimize the IKEA Group capital structure, capital flows, mergers and acquisitions
  • Invest in renewable energy and resource independence
  • Arrange global insurance programmes
  • Manage the IKEA Group overall tax position and a tax control framework
  • Define Treasury related principles
  • Manage our financial assets and relations with financial institutions

The tax function is responsible for the overall tax position of the IKEA Group and we have the mandate to implement, maintain and enforce a tax control framework, including transfer pricing throughout the IKEA Group.  Group Tax consists of a Direct Tax and Indirect Tax team

OVERVIEW OF THE ROLE:

Your role will involve but not be restricted to:

  • End to End compliance with indirect tax laws as applicable

  • Calculation and deposit of taxes and filing of returns accurately and in time

  • Preparation of Purchase and sales registers required for filing of returns and audits

  • Assist store organization is E-way bill procedure

  • Prepare the store organization to deal with GST, compliance with ISD provisions, compliance with Annual audit procedures, filing the report and schedules with tax authorities

  • Calculation and deposit of GST under reverse charge, ensuring accuracy of GST TDS provisions.

  • Ensuring tax invoices, receipt vouchers, refund vouchers, payment vouchers and other documents required under GST are issued accurately and in time where applicable

  • Working with finance team and vendors in reconciling input credit mismatch. Coordinating and follow up to ensure credits flow is maximized

  • Checking and ensuring that only eligible input credit is taken in GST returns and reconciling it with books to reverse the ineligible credits

  • Calculation of state-wise proportionate ineligible input credits pertaining to exempt supplies and inputs meant for non-business purposes and compliance with credit procedures for input tax credit

  • Advising and guiding store organization in documentation requirement for goods movement and ensuring compliance with laws.

  • Ensuring that Store organization is ready and equipped to take all input tax credits accurately under GST to improve profitability

  • Train, educate and mentor store team to ensure that all required transaction tax compliances is done in accurate and timely manner, input credits are availed correctly and appropriately in all locations

  • Design process manuals, SoPs required to be followed by Store organization to ensure compliance

  • Act as a key player in for spreading GST awareness and changes required from operational perspective

  • Preparation of Tax schedules and reconciliation, ensuring that tax returns are tallied with books, dealing with statutory and tax auditors

  • Reconciliation of revenue and expenses as per books with taxes (VAT/CST /GST / Entry tax etc) paid and disclosed in returns as well as disclosures made in audited financial statements

  • Dealing with all tax audits and assessment, departmental audits, replies to various queries and notices issued by the department

  • Preparation of Input credit register and reconciliation with books.

  • Assistance in supply chain (goods movement into store) and supporting store organization in maintenance of requisite documents.

  • Advising store organization on compliance procedures to be followed like, obtaining PAN, cash transactions etc.

  • Assist Country Tax Manager in any other Tax work.

JOB SPECIFIC EXPERIENCE & SKILLED REQUIRED:

  • B Com and Chartered Accountant with 5-7 years of experience

  • Experience in VAT and CST for Retail/FMCG Company

  • Experience in handling Tax audits / assessments

  • Working knowledge of direct tax matters and compliances.

  • Ability to work under pressure and lot of ambiguity

  • Communicate clearly and confidently in English

  • Proficient in MS Office skills

  • Excel skills, ability to work with lookups and pivot tables

  • Experience in use of automated accounting systems

  • Experience in multicultural and multinational organisation

    ESSENTIALS FOR THE ROLE:

  • Ability to work through others, set priorities, delegate responsibility and give open and honest feedback.

  • Expert knowledge of Indirect tax laws in India

  • Business-minded with a clear customer focus.

  • Ability to set and implement action plans and provide clear direction and follow up goals over a number of years.

  • Show the potential to apply tactical and operational thinking.

  • Experience of leading in a changing environment.

  • Ability to think commercially by balancing efficiency, inspiration and profitability.

  • Ability to inspire and engage others.

  • Ability to reflect and find value and ideas in collaborating with others.

  • Experienced in creating and implementing short-term plans and following up goals.

  • Show the potential to influence in a matrix organisation.

  • Understand the IKEA organisational structure and how Logistics works in IKEA retailing.

  • Knowledge of the IKEA Concept description manual, including the IKEA vision and business idea, the IKEA culture and values, the IKEA diamond and how it creates our business advantage.

     

     

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