Qualifications Pack – Accounts executive (statutory compliance) :

• SECTOR/S: BFSI.
• SUB-SECTOR: Banking.
• OCCUPATION: Financial Services.

Training Outcomes:

After completing this programme, participants will be able to:

• Compute tax liabilities namely Service Tax, TDS and VAT, making to the Government, filing of returns and maintaining records of the same for audit purpose.
• Prepare and submit periodic reports on the nature of tax payments to senior/ manager.
• Prepare (by referring the documents) a tabular statement detailing the date, particulars and value of transactions on which Value Added tax is already paid (i.e.) tax paid on purchases that are used for further sales during the period.
• Prepare (by referring to documents) a tabular statement detailing the date, particulars and value of transactions that attracts TDS.
• Prepare (by referring the documents) a tabular statement detailing the date, particulars and value of transactions on which service tax is already paid (i.e.) service tax paid on expenses that are booked during the period.
• Prepare and present any other report as is required while performing the role in the organization.
• Make payment electronically of such amount of tax liability.
• Fill-up the tax return form in the prescribed format with relevant transaction details.
• File the relevant documents in chronological order for seamless retrieval for future reference/audit purpose.
• Ensure the payment is made within the due date, but for exceptional cases and calculate any interest for late payment for such exceptional cases.
• Generate tax paid challan as acknowledgement for making the payment.
• Prepare and present quarterly, half- yearly reports as per requirements.
• Discuss and set work targets with senior/manager if applicable.

Note :  This course encompasses 3 out of 3 National Occupational Standards (NOS) of “Accounts Executive (Statutory Compliance)” Qualification Pack issued by “BFSI Sector Skill Council of India”.