Company Profile:

SRF Limited is a diversified chemicals conglomerate engaged in the manufacturing of industrial and specialty intermediates The company’s business portfolio covers Specialty Chemicals Fluorochemicals Packaging Films Technical Textiles Coated and Laminated Fabrics Anchored by a strong workforce of employees from different nationalities working across eleven manufacturing plants in India one each in Thailand South Africa Hungary the company exports to countries

Job description:

Taxation - Indirect and Direct Tax

1. Indirect Tax (GST - Goods & Service Tax).

• GST monthly return (GSTR-1) data validation, reconciliation, and Submission to CTT.
• GST PTD Reco with Income GL's- Monthly
• TTB ITC-04 (Input Tax Credit) Returns - Quarterly
• GST recoverable Movement -
• Monthly
• GST YTD Reco - Monthly
• GST refund on export transactions

2. Direct Tax (Income Tax).

• Compliance under section 194Q (TDS on purchase of Good) and section 206 C (1H) -TCS on Sales
• Regularly monitoring applicable changes in TDS and TCS related laws.
• Ensuring correct configuration in oracle related to invoicing, debit note and credit notes.
• End user awareness and training related to TDS on purchase of Good and TCS on Sales

CONTROL POINTS:

On time compliance

Insurance 

• Renewal and monthly declaration of Marine, IAR and Trade Credit policy
• Enhancement of trade credit limits on timely basis based on the business requirement.
• Claim settlement under

1. IAR
2. Trade Credit
3. Marine Insurance Policies

CONTROL POINTS:

1. On time report Submission
2.  Nil Pending Audit queriesPolicy

Legal Cases 

1. Coordination with legal team, CTT, UAT, UMLT for ongoing cases.
2. Reconciliation of disputed liability and amount paid under protest.

CONTROL POINTS:

Timely tracking and closure of all legal cases.

Export Benefit and Incentives 

• Foreign Trade Policy Understanding and practical experience -Export Benefits Advance License, Duty Drawback, RODTEP, MEIS, GST Refund etc.

1. Oversee the applicable export benefits to TTB.
2. Presentation to the management the study of each benefit.

• Other Incentives - ATUFS, State Subsidies/incentives e.g., TN Subsidy etc.

1. Oversee the applicable incentives to TTB.
2. Presentation to the management the study of each incentive.
3. Making application to competent authority along with required data and documents.
4. Liasoning with plant team, Treasury, govt officer and consultants

CONTROL POINTS:

Timeliness of submission of documents

Representations to Government of India and other authorities 

Timely submission to Government of India, FICCI, ASFI, CII and Other industry representatives for following matters.

1. Custom duty rates.

2. GST Rates

3. Impact on industry due to excessive import of TCF, PIY and BF

5. Pre - Budget memorandums.

Standard Monthly and Quarterly updates to following external parties

1. FICCI - Quarterly Survey of Indian Manufacturing Sector

2. RBI - Quarterly Order Books,

3. Inventories and Capacity Utilization

CONTROL POINTS:

(a) On time report submission

(b) Nil Pending Audit queries