Manager Taxation (VAT)
Master Group of Industries
مجموع سنوات الخبرة :14 years, 11 أشهر
• Review the filing of Sales Tax returns (Vat Returns) for the group of Companies includes: Ensuring input and output adjustments, decisions for claiming input tax over provincial invoices and sales tax invoices not in direct not relation to manufacturing, reviewing the extraction and uploading of local purchases, import, local & export sales.
• To draft replies to different kinds of queries from FBR/SRB/PRA.
• Review the filing of SRB & PRA statement filing on relevant websites.
• To acquire exemptions from deductions of income tax on Import and by customer u/s 148 and 153 of the ITO 2001 respectively.
• To deal and conclude the withholding tax monitoring, tax assessments, Income tax audit, sales tax withholding cases and Sales tax audit, appeals, refund matters. This also requires various working and frequent visits to Tax department for meeting the concerned tax department’s personnel / or to attend a hearing.
• To update the management of the Company on related SROs, circulars and their implementations.
• Advising the payable department for withholding taxes income tax and sales tax and also providing assistance against exemptions under law and exemption certificates.
• Responsible for making quarterly advance tax payments, with necessary calculations and adjustments of tax already deducted.
• Finalization of all the relevant workings of the annual Income tax return of the Company.
• Responsible for reviewing the tax deducted under section 149 of the ITO 2001.
• Review daily MIS reports regarding financial, sales, payments and receipts transaction of the company.
• Review the analysis of expenses for the management.
• File the Sales tax return (Vat Returns) of the Company: Ensuring input and output adjustments, decisions for claiming input tax over provincial invoices and sales tax invoices not in direct not relation to manufacturing, reviewing the extraction and uploading of local purchases, import, local & export sales.
• Apply for reduced rate certificates against the benefits availed through tax treaty.
• Provincial statement filing and IRIS Statement us 165 of the ITO.
• To draft replies to different kinds of queries from FBR/SRB/PRA.
• To acquire exemptions from deductions of income tax on Import and by customer u/s 148 and 153 of the ITO 2001 respectively.
• To deal and conclude the withholding tax monitoring, tax assessments, Income tax audit, sales tax withholding cases and Sales tax audit, appeals, refund matters. This also requires various working and frequent visits to Tax department for meeting the concerned tax department’s personnel / or to attend a hearing.
• To update the management of the Company on related SROs, circulars and their implementations.
• Advising the payable department for withholding taxes income tax and sales tax and also providing assistance against exemptions under law and exemption certificates.
• Responsible for making quarterly advance tax payments, with necessary calculations and adjustments tax already deducted.
• Responsible for reviewing the tax deducted from employee salary and also to make workings of the tax credits for employees making different investment.
• Monitor daily MIS reports regarding financial, sales, payments and receipts transaction of the company.
• Review all payment vouchers, booking of invoices and bank reconciliations.
• File the Sales Tax returns (Vat Returns) of the Company includes:
Filing of all local purchases, import, local & export sales.
Reconciliation of purchase & sales registers with ledgers.
Filing of Withholding Sales tax on purchases along with debit / Credit notes.
Prepare working for input & output adjustments.
Prepare reports on monthly & cumulative basis for Non Active suppliers.
Close all sales related accounts on monthly basis (SAP).
Incorporation of sales tax withheld by the customers and sales withheld by the Company in relevant annexures.
• Responsible to deal with withholding tax monitoring, tax assessment audit and sales tax withheld case (Includes detailed working of tax deducted and expenses on accounts, replying to various queries made by the tax authorities.)
• Assist the supply chain department in recording of purchase invoices since the Sales tax is to be withheld at the time of purchase and explaining the various exemptions allowed to vendors.
• Assisting the payable department to deduct tax income tax on various payments and also advising them to understand various exemptions under law and exemption certificates.
• Dealing with SRB matters as we are registered as withholding agents and also to deal with withholding income and sales tax on royalty.
• Responsible for Import exemption u/s 148 and exemptions against withholding taxes u/s 153. This includes the filling on IRIS FBR system and involves, preparing workings, visiting tax office and dealing with tax officers.
• Have also dealt with Sales Tax Audit for year 2013 and 2014.
• Responsible for making quarterly advance tax payments, with valid calculations and adjustments tax already deducted.
• Applying on IRIS for the refund of the Company and till date the refunds till 2014 are either received or adjusted as advance tax by the Company. This involves dealing with the Assistant Commissioner of tax departments and providing proper evidences of tax deducted and other workings on the Income tax returns.
• Responsible for reviewing the tax deducted from employee salary and also to make workings of the tax credits for employees making different investment.
• File online monthly withholding tax statements.
• Going through all the Company/industry related SROs and circulars and their implementations.
• File the Annual Income Tax Return of the Company.
• Responsible for all kinds of letter/queries from FBR.
• Review and check all the invoices recorded by the supply chain department in accounting Software (SAP).
• Assisting the payable department in preparation of scheduled payments, to deduct taxes and advising over exemptions.
• File the Sales Tax returns (Vat Returns) of the company (includes Exports GDs, purchases, stock movement, local and wastage sale) and claim refund.
• File online monthly withholding tax returns.
• File the Sales Tax returns (Vat Returns) of the company (includes Exports GDs, purchases, stock movement, local and wastage sale) and claim refund.
• File online monthly withholding tax returns.
• Maintain and review Finance cost against all banking loans.
• Monitor LC movements and Principal repayment schedules.
• Responsible for providing proper evidences and workings to External and Internal Auditors.
• Prepare Basic Borrower’s Fact Sheet (BBFS).
• Corporate Compliance: File all mandatory Forms.
• Stock and asset Inspection to Bankers.
• Review all payment vouchers, JVs and bank reconciliation statements.
• Review ageing reports of debtors and creditors.
• Assist Manager in preparation of Cash flows.
• Assist Manager in preparation of restructuring policies of banking facilities.
• Assist Manager in preparation of Final Accounts.
• File the Sales Tax returns (Vat Returns) of the company (includes Exports GDs, purchases, stock movement, local and wastage sale) and claim refund.
• File online monthly withholding tax returns.
• Assist manager in preparation of monthly management accounts.
• Prepare company Payroll.
• Prepare accounts payable and receivable reports.
• Prepare invoices for accounting services.
• Responsible for bookkeeping includes all sorts of Payment voucher, receipt vouchers inter-company transactions and Bank related entries.
CMA Finalist from Institute of Cost and management Accountants of Pakistan (ICMAP).
Bachelor's in Economic (BA from Sindh University - Hyderabad)