Job Description For Import Accounting:
1. Import Accounting:
- Knowledge of the Customs Act, 1962.
- Accurately book import purchases and expenses in Tally as per CBIC provisions.
- Maintain import costings in Google Sheets.
- Familiarity with the Customs Bill of Entry system and ability to calculate customs duty.
- Use ICEGATE to reconcile the Bill of Entry and ensure compliance.
- Enter import-related data into Tally, handling IGST input and tallying with ICEGATE data.
- Verify and audit invoices from CHA, CFS, shipping lines, and transporters.
- File E-Way Bills for incoming import containers to various locations.
- Proficiency with high seas sales and purchases documentation.
- Manage accounting for import licenses (MEIS, ROSCTL, RODTEP).
- Implement forex hedging strategies and maintain accurate records.
- Physically file import documents as per checklist.
2. TDS Compliance & Bookkeeping:
- Knowledge of TDS & TCS provisions.
- Handle TDS deductions and compliance for import-related service providers (transporters, CHAs, freight
forwarders).
- Ensure proper TDS deductions per Income Tax rules.
- Manage TDS for cold storages, chartered accountants, and legal advisors.
- Monthly TDS/TCS payments.
- Prepare quarterly TDS/TCS returns.
- Maintain proper records and physical files of TDS/TCS deductions.
3. GST Compliances & Book Keeping
- Handle all GST compliances: monthly, quarterly, and annual GST return filings.
- Knowledge of GST Act and rules.
- Experience with GST compliances: GSTR-1, GSTR-2A, GSTR-3B, etc.
- Generate E-invoices.
- Monthly reconcile GST input from vendors using GSTR 2B.
- Reconcile ledger accounts with all parties.
- Conduct GST Audit R 9 and obtain department clearance.
- Cross-check and reconcile GST input 2A monthly and quarterly.
- Maintain proper records and filing of expense bills and documents.
- Comply with TDS, GST, and other statutory requirements for state sales and purchases.
Requirements:
- For a Senior Accountant position, a B