Senior Accountant

Purchasing and GST (Goods and Services Tax) work:

1. Invoice Processing

• Review and verify invoices related to purchases, ensuring GST is correctly applied.

• Ensure all GST-related information is accurately captured in purchase records.

2. GST Compliance

• Maintain compliance with GST laws and regulations related to purchases and inputs.

• File GST returns for purchases, ensuring proper documentation and timely submissions.

• Monitor and reconcile GST credits and debits for purchase transactions.

3. Vendor Management

• Ensure that GST is properly accounted for on vendor invoices and track GST liabilities.

• Maintain updated records of GST registration details for suppliers and vendors.

4. Purchase Ledger Management

• Accurately record all purchases in the purchase ledger, reflecting proper GST amounts.

• Ensure accurate classification of purchases for GST input tax credit (ITC) claims.

5. Expense Tracking

• Track purchase-related expenses, segregating GST paid on inputs to claim ITC.

• Allocate GST appropriately to different cost centers as per company policies.

6. Reconciliation

• Reconcile purchase accounts with vendors and internal records, ensuring GST entries match.

• Perform GST reconciliation for purchases, comparing input tax credits to actual tax payments.

7. Cost Analysis

• Provide analysis of purchase-related costs, including the impact of GST on overall expenses.

• Identify and report discrepancies in GST claims and recommend corrective actions.

8. GST Reporting

• Prepare and submit accurate monthly/quarterly GST returns related to purchases (GSTR-2, GSTR-3B).

• Ensure all GST-related data is correctly reflected in financial statements.

9. Audit Support

• Assist in audits by providing necessary documentation and GST-related reports for purchase transactions.

• Respond to any audit queries related to purchase transactions and GST compliance.

10. Payment Processing

• Oversee the timely payment of vendors, ensuring the proper GST amounts are paid and recorded.

• Ensure GST payments and credits are aligned with the tax period and accounting records.

11. Internal Controls

• Implement and monitor internal controls over purchasing and GST to prevent errors or fraud.

• Ensure all purchase transactions are documented correctly to avoid GST discrepancies.

12. GST Refunds and Adjustments

• Manage and track any GST refunds or adjustments arising from purchase-related errors or excess tax payments.

• Coordinate with tax authorities for timely refunds and claim adjustments.

13. Vendor Payment Disputes

• Address any disputes or discrepancies related to GST invoicing with vendors and resolve them promptly.

• Ensure that vendors are correctly charging GST, and handle any corrections if necessary.

14. Collaboration with Tax Advisors

• Work closely with external tax consultants or advisors to ensure compliance with changing GST laws.

• Collaborate with the procurement and finance teams to ensure that GST practices are aligned across departments.

• It is a Full Time Accountant job for candidates with 3 - 6+ years Experience.

More about this Senior Accountant job

1. What is the eligibility criteria to apply for this Senior Accountant job?
   Ans: The candidate should be Graduate and above and above with 3 - 6+ years Experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹16500 - ₹23000 per month that depends on your interview. It's a Full Time job in Kolkata.
3. How many working days are there for this Senior Accountant job?
   Ans: This Senior Accountant job will have 6 working days.
4. Are there any charges applicable while applying or joining this Senior Accountant job?
   Ans: No, there is no fee applicable for applying this Senior Accountant job and during the employment with the company, i.e., CLASSROOM UNIFORMS PRIVATE LIMITED.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Senior Accountant role?
   Ans: There is an immediate opening of 1 Senior Accountant at CLASSROOM UNIFORMS PRIVATE LIMITED
7. Who can apply for this job?
   Ans: Both Male and Female candidates can apply for this Accountant job.
8. What are the timings of this Senior Accountant job?
   Ans: This Senior Accountant job has 10:00 AM - 07:00 PM timing.