Accountant - Indirect Taxation

Description

Role - Accountant - Indirect Taxation

Location - Hyderabad

Job Responsibilities

• Review VAT/GST/Sales Tax returns in multiple countries, ensuring timely and accurate submissions.
• Ensure compliance with local indirect tax laws, including monitoring thresholds and registration requirements.
• Support statutory audits and tax authority audits by providing required documentation and explanations.
• Validate VAT/GST rates applied on sales and purchases in ERP systems.
• Perform monthly VAT reconciliations between the general ledger and VAT returns.
• Record and process VAT journal entries, adjustments, and corrections.
• Initiate Tax related payments on timely and accurately.
• Analyze transaction-level data for inconsistencies or anomalies in VAT treatment.
• Reconcile VAT accounts to ensure balances are accurate and explain any variances.
• Work with AP/AR to ensure correct VAT coding and handling.
• Maintain and validate indirect tax master data for vendors/customers/materials.
• Act as a liaison with internal departments (procurement, finance, IT, Internal Audit) on tax implications.
• Support business expansion by performing UAT, on indirect tax implications of new markets, products, or business models.
• Assist in automation of VAT processes within ERP systems
• Participate in tax engine implementation in Vertex.
• Improve and document processes and controls to reduce errors and improve efficiency.
• Communicate with external/internal auditors, tax authorities, GPO/RPO and regulatory bodies when required.
• Understand the diverse VAT/GST regimes (e.g., EU VAT, UK VAT, Indian GST, US Sales Tax, etc.).
• Track regulatory changes in tax laws and interpret their impact.
• Handle multi-currency, multi-GAAP environments and FX related conversions and related fixing journal entries.
• Manage language, cultural, and time-zone differences when working with local teams or authorities.
  
  

• 2 to 5 years of experience with good understanding of Indirect tax/sales tax/VAT
• Deep knowledge of international VAT/GST/Sales Tax frameworks
• Strong Excel, ERP system skills and Blackline Reconciliation tool
• Familiarity with e-invoicing, tax engines, and reporting tools
• Analytical and reconciliation skills
• Communication and stakeholder management