GST And TDS Accountant

Negotiable

by Freshersworld
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Job Specifications

Employment Type Full time jobs

Job Description

Introduction

A GST & TDS Accountant is responsible for managing all accounting tasks related to Goods and Services Tax (GST), Tax Deducted at Source (TDS) , and other statutory compliances. The role involves maintaining accurate financial records, preparing GST returns, TDS filings, reconciling accounts, and ensuring compliance with government regulations . The ideal candidate should have in-depth knowledge of GST laws, TDS provisions, accounting principles, and taxation procedures . This position requires strong analytical skills, attention to detail, and proficiency in accounting software like Tally, Zoho Books, or SAP .

Assist in tax planning and strategies to optimize tax liabilities.
Reconcile tax accounts and maintain proper documentation for all tax-related transactions.
Handle tax assessments, audits, and inquiries from tax authorities.
Support monthly, quarterly, and annual tax reporting processes.

Key Responsibilities

1. GST Compliance & Management

Prepare and file monthly, quarterly, and annual GST returns (GSTR-1, GSTR-3B, GSTR-9, etc.) .
Reconcile GST input tax credit (ITC) with GSTR-2B and company books.
Maintain proper documentation for GST invoices, debit notes, and credit notes.
Handle GST audits and respond to notices from tax authorities.
Keep track of GST payments and ensure timely submission to avoid penalties.

2. TDS Compliance & Filing

Calculate TDS deductions on salaries, vendor payments, contracts, rent, and professional fees.
Prepare and file TDS returns (Form 24Q, 26Q, etc.) within statutory deadlines.
Generate and issue TDS certificates (Form 16 & Form 16A) .
Reconcile TDS entries with Form 26AS and company records.
Handle queries and resolve mismatches in TDS records.

3. Accounting & Financial Management

Record daily financial transactions in Tally or other accounting software.
Manage accounts payable and receivable with proper GST & TDS compliance.
Prepare journal entries, balance sheets, profit & loss statements, and trial balances .
Reconcile bank statements, ledgers, and vendor accounts regularly.
Assist in preparing monthly, quarterly, and annual financial reports.

4. Statutory Compliance & Audits

Ensure compliance with Income Tax, GST, TDS, and other statutory requirements .
Assist auditors during internal, statutory, and tax audits .
Maintain updated knowledge of taxation rules, notifications, and amendments .
Ensure error-free and timely filings to avoid penalties and legal complications.

5. Reporting & Documentation

Maintain accurate and updated financial records for audits and assessments.
Prepare MIS reports for management review regarding GST, TDS, and overall taxation.
Provide timely reports on GST ITC status, TDS deductions, and tax liabilities.