20 Aug
|
DBS Bank
|
Chennai
Description - External
Finance aims to deliver world-class standards in reporting, financial planning and finance processes. Our analyses support smart decisions for the bank, from product development to customer profitability. We also handle capital management, business planning, forecasting, and provide advice on tax and accounting.
A key part of our role involves supporting vendor payment processes with solid focus on India tax compliances related to Accounts Payable function. The role requires hands-on experience in GST, TDS / withholding tax, input tax credit, reverse charge, vendor tax validations, tax reconciliations, audit support, and handling tax-related queries / assessment notices or notices linked to vendor payments.
Job Duties & Responsibilities:
- Monitor and manage GST, TDS / withholding tax and related India tax compliances associated with vendor payments, including validation of tax codes, tax rates, vendor tax details, and statutory timelines.
- Partner closely with the Tax team for timely preparation, validation and submission of GST returns, TDS returns,
tax schedules, challan details, reconciliations and supporting workings.
- Handle GST notices, TDS queries, vendor tax clarifications and audit requirements related to vendor payments by working closely with Tax, AP, outsourced service provider, vendors and internal stakeholders to ensure logical and timely closure.
- Perform and review GST input credit reconciliations, GSTR-2B / purchase register matching, withholding tax reconciliations, tax GL reconciliations, and exception follow-up to minimise tax leakage, interest, penalties and compliance gaps.
- Support implementation of tax-related process changes such as input service distributor, reverse charge mechanism, invoice management system, lower deduction certificates, PAN-Aadhaar / Section 206AB checks, and other regulatory amendments impacting vendor payments.
- Monitor performance of the outsourced service provider against agreed SLA,
📌 Opening For Accounts Payable (Chennai)
🏢 DBS Bank
📍 Chennai