Shemaroo Entertainment - Head - Taxation & Compliance (8-10 yrs)

Job Summary:

The Head - Taxation & Compliance will be responsible for overseeing all aspects of the company's direct and indirect tax obligations, including tax planning, compliance, and reporting. The ideal candidate will have in-depth knowledge of Indian tax laws, strong analytical skills, and the ability to effectively manage and mitigate tax risks. This role involves managing tax payments, filing returns and various forms within their due dates, handling interactions with Central and State Government departments on matters such as departmental audits, assessments, appeal filings, and providing statements/oral evidence as required.

Responsibilities:

Tax Compliance:

- Ensure timely and accurate filing of all direct and indirect tax returns, including income tax, GST, and

other applicable taxes.

- Manage the preparation and filing of various tax-related forms within their respective due dates.

- Stay updated on new rules, regulations, and amendments in direct and indirect tax laws and implement necessary changes in processes.

- Oversee the application of Lower Deduction Certificates (LDC) and Tax Residency Certificates (TRC) on a timely basis.

- Ensure compliance with NSSO/ASI reporting requirements.

Tax Planning and Strategy:

- Develop and implement tax planning strategies to optimize tax efficiency and minimize tax liabilities while ensuring compliance.

- Provide guidance and advice to management on the tax implications of business decisions.

- Vetting of business agreements and inserting the correct Direct and Indirect Tax clause in the Agreement to protect the interest of the organization.

Tax Accounting and Reporting:

- Calculate direct and indirect tax liabilities as and when required by the reporting manager/CFO.

- Prepare and review tax provisions and related disclosures for financial reporting purposes.

Relationship Management:

- Interact with tax authorities, external consultants, and auditors.

- Handle departmental visits, including inquiries, audits, notices, and queries.

- Liaise with external consultants to resolve complex tax issues.

- Explain tax provisions to the accounts and business teams.

Process Improvement:

- Identify opportunities to streamline tax processes and improve efficiency.

- Adopt and set new systems for faster work and turnaround time.

Risk Management:

- Identify and assess tax risks and implement controls to mitigate those risks.

- Monitor changes in tax laws and regulations and assess their impact on the company.

Qualifications and Experience:

- Master's degree in Finance, Accounting, or a related field.

- 7+ years of experience in taxation, with a focus on Indian tax laws.

- In-depth knowledge of Indian tax laws and procedures, including direct and indirect taxes.

- Experience in handling tax audits, assessments, and appeals.

- Strong analytical, problem-solving, and decision-making skills.

- Excellent communication and interpersonal skills.

- Ability to work independently and as part of a team.

- Strong organizational and time-management skills.

- Proficiency in taxation software, ERP systems, and Microsoft Excel.

- Knowledge of taxation websites and ASP GSP software.

Functional Skills/Domain Expertise:

- In-depth knowledge of Indian Tax laws and procedures.

- Expertise in direct and indirect tax compliance and planning.

- Strong understanding of accounting principles and financial reporting.

- Ability to interpret and apply complex tax regulations.

- Risk management and internal controls.