Indirect Taxation

SUCCEED. IN OUR EXPERIENCED TEAM.

INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.

A. Purpose /Role of the job: Describe in 1 phrase what contribution the job is expected to make to the organisation’s objectives

The objective of this role is to ensure tax compliance for all obligations under Indian Indirect taxes which includes GST, Service Tax, VAT & CST in various states. It includes filing of tax return & assessments by Tax officer, tax calculations, payment, filing for appeal and handling Tax Audits.

B. Environment/Context/Complexity of the job: Describe the most important internal and external factors influencing the job

The company has now to comply with all States indirect tax laws including GST compliance for all C&F locations since company business model of CSA has been changed to C&F. Due to GST effective July 1, 2017, there will be lot of documentation, state-wise compliance, multiple returns needs to be filed in each state of business, self-billing for various transactions to be done, distribution of ISD & online reconciliation with vendors & customers to be performed.

• Internal Factors: Range of scope and responsibility is extremely broad and diverse due to nature of complex multiple Indirect Taxes and the complexity increases with different laws applicable in every state. There are multiple cost elements & cost centres to comply with. Necessary interfaces to all other department, plant, port tank farm and windmill functions is required.
• External Factors: Work together with consultants in various states and provide details and replies to government tax department for appeals & other litigation matter, external auditor requirements, Liasoning with tax department for tax assessments of various period, customers & vendors.
  
  C. Responsibilities/ Accountabilities of the job: Describe the main results expected from the job
  

1. Key Result Areas: GST & related Compliance

Major Activities:

1. GSTN return for sales, Purchase & Final return on monthly basis for all the locations registered under GST
2. Timely & accurate payment of tax
3. Annual return & Audit
4. Manage & liaison with ASP & GSP on frequent basis
5. Regular scrutiny & co-ordination with Customer & Vendor for credit mismatch
6. Reconciliation of Sales & Purchase with Customers & Vendors of GSTN automated queries
7. Credit note accounting & generation
8. Self-Invoicing for various transactions like Cost Allocation invoices to offices / C&F, Advances Received, Employee benefits, Various group charges,
1. Assessment for IGST, CGST, SGST & UTGST
10. Ensure all the tax credits are taken
11. To take actions to mitigate tax risks
    
    Outcome: Ensure all compliance to GST law and no lapse of any tax credits
    

2. Key Result Areas : Timely filling of all WHT Tax returns & timely submit the details of Assessments

Major Activities:

2. 1. 1. Comply timely filling of Withholding Tax returns for various previous years’.
      2. Audit & Assessment for Withhholding Tax
      3. Provide timely data to the Tax Assessing officer for assessments & conclude the assessments
      4. To take actions to mitigate tax risks.
      5. Prepare reply for various appeal matters and provide relevant details of various years
         
         Outcome: Compliance of laws & timely and accurately details submission to tax authority. 
         
3. Key Result Areas: Record Management and Application/System changes

Major Activities: Ensure all records, correspondences and documents pertaining to assessments in physical form & proper files both in hard copies and in soft format in PC with appropriate folders for easy reference & retrieval as required for various audits, assessments & appeal matter

Support the Techinal Team with Functional Input and explanation to bring in the required changes mandatory on Legal Changes and upgrades

Outcome: Faster access the data and record for internal and external requirement to mitigate risks

4. Key Result Areas : Tax accounting, reconciliation & support in Direct Tax

Major Activities:

1. Responsible for data extract from SAP and this includes GL extract, cost center extract and prepare working excels etc. for filing of various Direct & Indirect tax returns for various periods and for all locations
2. Shall be able to perform Account reconciliation on monthly basis i.e. Balance sheet GL balance vs Tax returns for all direct and indirect tax accounts
3. Supports all activity in transfer price documentation & assessment

Outcome: Internal control & accuracy of non-dependency and support to Direct Tax part 

D. Dimensions: Describe the most representative figures of the job (for example: number of staff, budget you’re responsible for, number of projects,)

Supervision of staff: Give the number of people you supervise (“Direct” means that they report directly to you, “Indirect” means they report to someone who reports to you.)

E. Main contacts /Interfaces: What are the internal and external contacts you have, necessary for reaching your results?

F. Required profile:

Level of education & Knowledge:

C A and knowledge of indirect taxes preferred.

Experience in general:

Min.  6-7 years in a similar capacity with the manufacturing organisation

Technical skills:

• Proficient in indirect taxes & TDS.
• GST knowledge as per draft law prevalent as of now
• Working knowledge of SAP is MUST
• Understanding of working with manufacturing entity
• Expert in MS office
  
  Competencies, Behavioral skills:

• Highly developed analytical skills
• Excellent interpersonal and communications skills; good negotiation skills
• Ability to prioritize; attention to detail; organizational skills;
• Reliability and Responsibility
  
  G. Performance indicators: Describe the criteria allowing to measure to what extent the results are achieved - related to the accountabilities
  

• 100% Compliance to GST & other indirect taxes
• Timely and accurate filing of GST return & payment
• Submission of details and data to the consultant and Tax department
• Timely completion and submission of details for Audit and Assessment
• Support in notices reply to the department within due date
• Timely and accurate filing of WHT returns and issuance of WHT tax certificates to the stakeholders
  
  
  Annexure of Tasks to be performed in additionally in GST:
  List is for activity as of now [which may increase once GST is applicable from July 1, 2017]
  
  

If you require further information please contact Ruchi Sharma.

Of course, your application will be treated confidentially.

Human Resources

ruchi.sharma@styrolution.com