Assistant Manager, VAT

Job Description

Title: Assistant Manager, VAT

Company Name: Liberty Chemicals Industries Ltd

Vacancy: 1

Age: At least 30 years

Job Location: Faridpur (Alfadanga)

Salary: Negotiable

Experience:

• 3 to 5 years
• The applicants should have experience in the following business area(s): Chemical Industries

• Bachelor of Business Administration (BBA) in Accounting & Information System

• 3 to 5 years
• The applicants should have experience in the following business area(s): Chemical Industries

• Age At least 30 years
• Only Male

Academic Qualification:
BBA (Accounts & Finance), MBA (Accounts)

Experiance:
Candidate should have practical expriance of working in the same position in Manufaturing and Supplying unit.

Key Responsibilities

• Manage overall VAT compliance and ensure timely submission of VAT returns and statements.

• Ensure accurate calculation, collection, payment, and adjustment of VAT.

• Review VAT-related invoices, purchase documents, sales invoices, and supporting records.

• Issue different Mushok like 6.1, 6.2, 6.3, etc.

• Submit Mushok 4.3 (Price declaration or co-efficient)

• Maintain proper VAT registers, records, and documentation.

• Monitor VAT deductions, credits, adjustments, and refunds.

• Ensure compliance with applicable VAT laws, rules, regulations, and government requirements.

• Prepare and submit VAT returns and other statutory reports within prescribed deadlines.

• Coordinate with the VAT authorities/NBR regarding VAT-related matters, notices, assessments, and correspondence.

• Handle VAT audits, inspections, investigations, and assessments and provide necessary supporting documents.

• Review business transactions and advise management on their VAT implications.

• Monitor changes in VAT legislation and communicate relevant changes to management and concerned departments.

• Develop and implement internal VAT control procedures to minimize compliance risks.

• Reconcile VAT records with accounting records and identify discrepancies.

• Coordinate with Accounts, Finance, Procurement, Sales, Commercial, and other departments on VAT matters.

• Review VAT treatment of imports, exports, local purchases, services, and other business transactions as applicable.

• Maintain proper records of VAT certificates, challans, returns, invoices, and correspondence.

• Identify potential VAT risks and recommend corrective actions.

• Prepare VAT-related reports and provide management with updates on liabilities, credits, disputes, and compliance status.

• Ensure confidentiality and proper maintenance of tax and financial information. 

Typical Qualifications

• Proficiency in MS Excel, MS Word, Power Point and accounting software Tally/ERP systems.

• Good analytical, organizational, and communication skills.

• Relevant professional accounting qualifications or experience may be an advantage.