EPU-Expense Processing Unit

CA/MBA (finance) / B.Com

Responsibility:

·         To verify expense bills after these are processed by Operations.

·         To point out any discrepancy in bill immediately to operations/ respective vendor.

·         Sent the Tracker of expenses & DMA commission on daily basis

·         Follow-up with Concerned person

·         To resolve the issues

·         Maintain the data of service tax CENVAT credit on monthly basis

·         coordination with the statutory & internal auditors for resolving the EPU queries

·         Marinating the sundry records like advances, branch transaction, and liabilities.

·         Maintain the Provision details on half yearly basis

·         Issue the cheque /RTGS in favours of vendors after verifying the bill and voucher entry

·         Assist in Service tax audit; assist in coordination with branches on service tax matters.

·         Expense voucher management, accurate preparation of voucher as per accounting head, proper up-keep and filing of voucher.

·          Assist in Statutory audit of expense unit, internal audit of expense unit.

·         Accurate deduction tax at source on all expense payment as per applicable laws.

·          Assist in Tax Audit of the Company.

·         Information on funds requirement to treasury of EPU.

·          Help in budget preparation and provision of expenses.

·          Inter-department communication on expenses, and communication with vendors (need based).

·         Accurate deduction tax at source on all expense payment as per applicable laws and TDS Return filing.

·          Daily release of the Payment Tracker and Expenses bills Discrepancy communication.

·          Handling queries on the bill processing accounting, TDS deduction etc.

Voucher preparation and entry

·         To ensure timely preparation of vouchers and cheques. To ensure daily entry in Tally software. To maintain record of all cheques issued against bills.

Tax deduction and tax credit

·         To ensure deduction of TDS and service tax and preparation of details of TDS.

·         To pass on TDS and service tax details

·         To accounts department for deposit of taxes.

·         To take CENVAT credit and give details

·         To accounts department.

·         Filling the TDS return on quarterly basis

·         Filling the Service Tax return on half yearly basis

·         Issuance of the TDS certificate in time