We are seeking an Industrial Trainee to join the Group Taxation team as part of the ICAI-mandated training program. The role offers a structured and high-exposure chance to work in a capital management environment, supporting both domestic and international tax compliance, litigation, and advisory matters across Essar’s investment portfolio. The trainee will gain hands-on experience in corporate taxation, indirect taxation, and transaction support. FUNCTIONS
KEY RESPONSIBILITIES
Direct Taxation (Corporate Income Tax)
• Assist in preparation and filing of corporate income tax returns, TDS returns, and advance tax computations.
• Support data gathering and documentation for assessments, scrutiny notices, and tax audits.
• Maintain working files for tax provisioning and deferred tax schedules in compliance with Ind-AS. Indirect Taxation (GST & Others)
• Prepare workings for monthly GST returns, reconciliation with books of accounts, and payment tracking.
• Assist in handling GST notices, queries, and departmental follow-ups.
• Ensure proper classification of transactions and documentation for input tax credit eligibility. International Taxation & Transaction Support
• Assist in the review of inter-company transactions and compliance with Transfer Pricing regulations.
• Support tax analysis related to cross-border structures, investments, and fund repatriation.
• Maintain updated records of DTAA applicability and foreign remittance documentation. Tax Compliance & Reporting
• Help maintain internal tax trackers, calendars, and ensure timely execution of filings.
• Coordinate with statutory auditors, consultants, and legal teams for reporting purposes.
• Prepare MIS reports for the tax team, covering pending assessments, returns filed, and due dates. Litigation & Documentation
• Collate documentation for ongoing tax litigations at CIT(A), ITAT, or GST appellate levels.
• Assist in drafting responses to notices and coordinating with legal counsel for hearing schedules.
• Maintain organized files for all historical and current litigation matters. SKILL/COMPETENCIES REQUIREMENTS
• Understanding of Income Tax Act, GST, TDS, DTAA
• Basis understanding of International Tax/ FEMA
• Familiarity with MS Office (Word, Excel, PowerPoint) and legal databases (SCC, Manupatra, etc.)
📌 Industrial Trainee (Mumbai)
🏢 Essar
📍 Mumbai