Assistant Manager - Indirect Tax

Job description / Role

The world leader in cosmetics, L’Oréal is present in 150 countries on five continents. Our 35 international brands have allowed us to devote ourselves solely to one business: beauty, with a mission to provide the best in cosmetics innovation to all women and men globally. Our ambition is to win over another one billion consumers around the world by inventing the cosmetic products that meet the infinite diversity of their needs and desires through continued digital innovation. L’Oréal supports diversity and sustainable, ethical sourcing for all our products, and we have reduced our emissions by approx. 78% since 2005.

The DNA of L’Oréal is Innovation and we are driven by a real passion for the future. Our Research and Innovation Centres in India are the sixth innovation hub for L’Oréal worldwide to fuel local market innovations.

The distance between beauty and tech is closing rapidly, and we are determined to be pioneers in this new beauty tech world. New digital technologies and services are making the world of beauty move faster than ever before. Data and artificial intelligence are opening new horizons for personalization and customization. By incorporating digital into everything that we do, we are creating a better relationship with our consumers.

When beauty and tech collide, the impossible can happen!

In our journey, we are looking for talented individuals who can lead us on this mission.

Would you like to be a part of the adventure?

We have a suitable opportunity in the Corporate division for the position of Assistant Manager – Indirect Tax. In this individual contributor role, you will be responsible for supporting direct tax compliances, reporting and litigation. You must be Chartered Accountant or Cost Accountant by qualification and have 2-4 years of experience in Indirect Tax function of Global MNC or Top Chartered Accountant firms. The location of the job will be in Bangalore. The person will report to Senior Manager-Indirect Tax, Mumbai.

Key Responsibilities:

• Responsible for accurate and timely filing of GSTR-1 Outward register for all the states in the South Region
• Responsible for taking correct amount of input tax credit, matching of tax credit with GSTR-2A and to ensure gaps are eliminated.
• Reconciliation of stock transfer between sending and receiving location so that full tax credits are obtained at each location.
• Monthly reconciliation of GST GL accounts
• Timely payment of taxes
• Archiving of records to be fully prepared for GST audit
• To handle erstwhile VAT litigations at the states concerning C form, F forms and other VAT issues
• Independently filing GST tax returns and compliances for the states within the region within minimal guidance
• Responsible for all GST compliances for the states including input credit reversal, ineligible credit.
• Supporting region controlling team for any GST related guidance and clarifications.

Key Deliverables:

• Correct filing of outward register
• Accurate input tax credit with necessary action steps for mismatch with GSTR -2A
• Fully reconciled GST GL accounts
• Timely Response to Internal and External Stakeholders

Requirements

Key Competencies:

• Hands on experience on GSTN software, ASP-GSP services
• Good knowledge of GST law, Rules, VAT
• Good knowledge of SAP, Microsoft Office
• Efficient Tax documentation skills.
• Highly effective communication, co-ordination and collaboration skills.
• Team player

Key Relationships:

• Internal Interactions – Head Office Tax team, Regional Controlling team, Accounts, Direct Tax team, etc.
• External Interactions – Tax Authorities, Auditors, etc.

Physical Demands (e.g. % travel):

• Travel will be need based

Education:

• Chartered Accountant with 2-4 years’ experience in GST compliances

L’Oréal is committed to building a diverse environment and is proud to be an equal opportunity employer. L’Oréal closely prohibits discrimination against any employee or applicant for employment because of the individual’s race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability or any other characteristic protected by law.

About the Company

For more than a century, we have devoted our energy and our competencies solely to one business: beauty. We have chosen to offer our expertise in the service of women and men worldwide, meeting the infinite diversity of their beauty desires. We are committed to fulfilling this mission ethically and responsibly.