- General Ledger Management: Maintaining day-to-day sales, purchase, payment, and receipt entries in software (Tally Prime / Zoho Books / SAP).
- Reconciliations: Performing regular Bank Reconciliation Statements (BRS), Vendor Ledgers, and Customer balance reconciliations.
- Financial Finalization: Preparing Trial Balance, Profit & Loss Statements, and Balance Sheet assistance for audits.
2. GST Compliance & Data Handling
- Return Filing: Hands-on experience preparing and filing GSTR-1 (Outward) and GSTR-3B (Monthly Summary).
- Reconciliations: Reconciling purchase registers with GSTR-2B / 2A to ensure maximum Input Tax Credit (ITC) claim without mismatch.
- E-Invoicing & E-Way Bills: Generating e-way bills and compliance with e-invoicing portals.
3. TDS Provisions & Return Filings
- Deductions:
Accurate TDS deduction on vendor invoices (Sections 194C, 194I, 194J, 194H, 194Q).
- Quarterly Returns: Preparing and filing Form 26Q (Non-salary payments) and Form 24Q (Salary TDS).
- Certificates: Timely generation and issuance of Form 16 and Form 16A.
4. Payroll & Employee Salary Tax Workings
- Salary Computation: Processing monthly CTC structures, attendance inputs, and net payout statements.
- Income Tax Workings (Section 192): Calculating employee tax deductions based on Current vs. Old Tax Regimes, investment proofs (80C, 80D, HRA), and Form 12BB declarations.
- Statutory Deductions: Computing and depositing Provident Fund (PF), ESIC, and Professional Tax (PT) within legal deadlines