Regional Tax Manager

Site Name: India - Maharashtra - Worli Mumbai Posted Date: Dec 26 2022 Ready to help shape the future of healthcare? At GSK, we have already delivered unprecedented change over the past four years, improving R&D, becoming a leader in Consumer Healthcare, strengthening our leadership, and transforming our commercial execution. Now, we’re making the most significant changes we’ve made to our business in over 20 years. We’re on track to separate and create two new companies in 2022: New GSK with a leading portfolio of vaccines and specialty medicines as well as R&D based on immune system and genetics science; and a new world-leading consumer healthcare company of loved and trusted brands. With new ambition comes new purpose. For New GSK, this is to unite science, talent, and technology to get ahead of disease together – all with the clear ambition of delivering human health impact; stronger and more sustainable shareholder returns; and as a new GSK where outstanding people thrive. Getting ahead means preventing disease as well as treating it. How we do all this is through our people and our culture. A culture that is ambitious for patients – so we deliver what matters better and faster; accountable for impact – with clear ownership of goals and support to succeed; and where we do the right thing. So, if you’re ready to improve the lives of billions, join us at this exciting moment in our journey. Join our challenge to get Ahead Together. Job Purpose & Key Responsibilities There is one RTM Role supports Pan India, which is responsible for a cluster of 10-12 States The position assists Senior Manager Taxation in end-to-end GST compliances for the assigned states, implements tax optimization initiatives and supports closure of open IDT litigation by acting as a SPOC for assigned states while working with stakeholders across the company. The role will be required to travel to GSK’s principal sites of GST registration in each state (typically CFA sites) to review process adherence and full adoption of Tax positions taken by the company. Candidate must be having Assessment experience i.e. making submission , engaging with Tax Authorities , understanding the requirement , managing the information sharing as per agreed protocol Candidate must be willing to Travel , independently manage conversations with Tax Offices and Internal stake holders Candidate is expected to plan adequately and build scenarios i.e. best case and worst case on preemptive basis , self-drive in completing task and updating about the progress in timely manner Candidate must be well versed with large size data computing and fascinated towards taking up reconciliation of many kinds, coordinating with different teams & more importantly self-starters in preparing in advance Technical knowledge ( both conceptual & procedural) in VAT, Service Tax , Customs & GST are essential Working in RPA environment shall be an added advantage. Area of Responsibility & Effort Allocation Indirect Tax Compliance & Governance – ~40% Effort Responsible for end to GST compliance i.e. Tax Working, Tax Payments, Tax Return/Declarations filing of assigned states (although good reporting capability has been built into SAP already reviews and upgrades to ensure final data quality is required) Ensure high Quality, validation error-free Data/information shared with ASP / GSP as per agreed compliance calendar. This will require follow through with W&D, P2P & R2R users for rectification Work closely with stakeholders (internal & external*) including queries from Customers, CFAs, vendors etc. with resolution done with sense of urgency and within agreed SLAs. Compilation of data/information & liaisoning with tax authorities & auditors to ensure clean orders & reports with minimum demand & adverse remarks. Managing escalation for the assigned states Providing inputs and data to populate Pan India Tax Compliance dashboards by 5th of next month to facilitate sign off by Financial Controller. Reconciling tax accounts (filing vs book ledger) on monthly basis for the assigned states Prepare/Review various schedules relating to audits as required under GST Laws (e.g. Turnover reconciliation, e-waybill reconciliation) Working with Pan-India retainers engaged for IDT audits to ensure timely closure of audit points and filing of state level returns on-time. Tax Assessments and Litigation Support– ~25% Effort Leading and representing GSK/ other group entities at 1st level assessment & audits for the assigned states for Pre & Post GST regime Periodic Review of Reconciliations required for GST reporting (e-waybill reconciliation and Turnover Reconciliation Supports data gathering existing IDT appeals litigation by working closely with Tax CoE New Initiatives / Tax. Optimization), Cross Functional Support – ~35% Effort Enable 100% availment of GST input credits by serving as bridge between ASP and P2P Finance for ITC reconciliation i.e. GSTR 2A vs Inward Register. Track follow through with Vendors and closure (done by P2P Finance team) Regularly review ageing of input tax credits by State to anticipate potential build-up and work with Tax CoE and Supply Chain to implement initiatives to unwind. Aggressively drive implementation of identified tax optimization initiatives Regularly review trends in data gaps / quality issues and re-train users within W&D, P2P & R2R to prevent recurrence Carrying out periodic checks of locations/ CFAs to ensure full adherence to SOPs and confirm proper adoption of Tax positions taken by the company. Follow through on implementation of identified CAPAs arising from audit findings Responsible for oversight and high standards of IDT record keeping/ document retention of CFA locations and at digital archives at HO for records , registers , returns & reconciliations. Working with IT support team for report upgrades during changes in business model or as required Creation & Maintenance of tax condition records in CERPs Accountability: Responsible for timely and accurate Returns & Declarations filed under GST for states under purview Responsible for ensuring the changes & improve the process of GST compliance to make it more robust & improving governance Responsible for providing timely audit schedules to Auditors Responsible for 1st level Assessments Required Skillsets, Specialized Knowledge & Attitude: 7+ years preferably worked in MNC /Local Co with highly ethical tax approach High degree of Excel proficiency. Can seamlessly manage large databases (>1m records p.m.) Good operational knowledge & conceptual clarity of GST Laws Confident and able to represent GSK in front of Good communication skill with effective execution in time bound manner Owning up responsibility & believer in Go-Getter approach, proactive & self-starter Good team player both internal as well as cross functional Ideally has SAP ERP experience At GSK we value diversity (Gender, LGBTQ +, PwD etc.) and treat all candidates equally. We aim to create an inclusive workplace where all employees feel engaged, supportive of one another, and know their work makes an important contribution. *LI-GSK GSK is a global biopharma company with a special purpose – to unite science, technology and talent to get ahead of disease together – so we can positively impact the health of billions of people and deliver stronger, more sustainable shareholder returns – as an organisation where people can thrive. Getting ahead means preventing disease as well as treating it, and we aim to impact the health of 2.5 billion people around the world in the next 10 years. Our success absolutely depends on our people. While getting ahead of disease together is about our ambition for patients and shareholders, it’s also about making GSK a place where people can thrive. We want GSK to be a workplace where everyone can feel a sense of belonging and thrive as set out in our Equal and Inclusive Treatment of Employees policy. We’re committed to being more proactive at all levels so that our workforce reflects the communities we work and hire in, and our GSK leadership reflects our GSK workforce. Important notice to Employment businesses/ Agencies GSK does not accept referrals from employment businesses and/or employment agencies in respect of the vacancies posted on this site. 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