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Job description and responsibility
Key result area(kra) & key performance indicator(kpi)
Accounting Sector
GST Compliance Executive
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Introduction
The GST Compliance Executive’s job duties are to GST Solutions for businesses across India. Masters India is committed to providing GST subject matter expertise and world-class user experience, starting from GST Software for Invoicing and GST Return Filing.
Skills and abilities:
Interpersonal and Communication Skills:
They need to have good Interpersonal and Communication Skills in order to talk to people in the organization such as the sales department, accounting department, and other relevant departments. They also need to call creditors or debtors who owe money and then talk to them. They need to be polite with debtors and maintain good relations with them and good communication skills are required for it.
Math and Accounting Skills:
Math and Accounting skills are basic requirements for a GST Compliance Executive. They need to have good math and accountancy skills in order to analyze the account, call debtors and ask them to return the money.
Time Management skills:
Time management is the ability to complete tasks within a certain time frame and as they have to multitask and complete each day, time management skills can help them meet their deadlines.
Job Description
The core responsibilities of the GST Compliance Executive are responsible for overseeing the Filing of returns, Input Tax Credit Reconciliation, Payment of GST overseeing and ensuring timely compliance, Preparing & maintaining books of accounts, and reconciling of financial statements in compliance with the norms. Responsible for timely Filing of Accounts and Statutory Filings like GST, TDS, etc.
Job Roles and Responsibilities
- Representation before the GST department for various GST matters
- Advise & support clients on GST Matters.
- Representation and support in Litigation matters at various levels.
- Advice, support, and review of statutory matters related to GST including preparation
- GST audit and assurance services.
- Filing of GST Returns GSTR-1, GSTR-3B, GSTR-6, and annual return.
Key Result Areas(KRA)
Key Performance Indicator(KPI)
Sr. No. | KRA | KPI |
1 | How many clients Monthly GST compliance reports created | No. of clients, Monthly GST compliance reports created |
2 | How many advisory sessions to clients on GST and customs? | No. of Advisory sessions to Clients on GST and customs. |
3 | How many GST Audits of multiple clients. | No. of GST Audits of multiple clients. |
4 | How many Assessments/representations and drafting of replies of SCN and appeal. | No. of Assessment/representation and drafting of replies of SCN and appeal. |
5 | How many clients represent before GST department for various GST matters | No. of client’s representation before GST department for various GST matters |
6 | How many clients representation and support in litigation matters at various level | No. of clients representation and support in litigation matters at various level |
7 | How much advice, support and review of statutory matters related to GST including preparation & filing of the returns. | No. of advice, support and review of statutory matters related to GST including preparation & filing of the returns. |
8 | How many GST audit reports and assurance services are provided to clients | How many GST audit reports and assurance services provided to clients |
9 | Query resolution of customer queries regarding GST matters. | No. of query resolution of customer queries regarding GST matters. |
10 | How many Filing of GST Returns GSTR-1, GSTR-3B, GSTR-6 and annual returns of clients on a month | No. of Filing of GST Returns GSTR-1, GSTR-3B, GSTR-6 and annual returns of clients on a month |
11 | How many trainings to internal and external stakeholders on GST law provision given in a month | No. of training to internal and external stakeholders on GST law provision given in a month |
12 | How many Filing GST Refunds | No. of Filing GST Refunds. |
13 | How many reconciliations of GSTR-2A | No. of reconciliation of GSTR-2A. |
14 | Other Work on other statutory compliance like Income-tax ( TDS) etc. if done any in a month | Other Work on other statutory compliance like Income-tax ( TDS) etc. if done any in a month |
Example of KRA VS KPI Mapped in Organisation and Reporting
Sr. No. | Reporting by the employee | Reporting by the employee |
1 | How many clients Monthly GST compliance reports created | clients Monthly GST compliance reports : 15 |
2 | How many advisory sessions to clients on GST and customs? | Advisory session to Clients on GST and customs: 5 |
3 | How many GST Audits of multiple clients. | GST Audits of multiple clients :8 |
4 | How many Assessments/representations and drafting of replies of SCN and appeal. | Assessment / representation and drafting of replies of SCN and appeal; 8 |
5 | How many clients represent before GST department for various GST matters | Representation before GST department for various GST matters : Twice |
6 | How many clients represent and support in litigation matters at various levels | Clients representation and support in Litigation matters at various levels : Thrice |
7 | How much advice, support and review of statutory matters related to GST including preparation & filing of the returns. | Advice, support and review of statutory matters related to GST including preparation & filing of the returns.;7 |
8 | How many GST audit reports and assurance services are provided to clients | GST audit report and assurance services provided to clients :5 |
9 | Query resolution of customer queries regarding GST matters. | Query resolution of customer queries regarding GST matters :22 |
10 | How many Filing of GST Returns GSTR-1, GSTR-3B, GSTR-6 and annual returns of clients on a month | Filing of GST Returns GSTR-1, GSTR-3B, GSTR-6 : 18 |
11 | How many trainings to internal and external stakeholders on GST law provision given in a month | Trainings to internal and external stakeholders on GST law provision given in a month :2 |
12 | How many Filing GST Refunds | Filing GST Refunds :5 |
13 | How many reconciliations of GSTR-2A | Reconciliation of GSTR-2A :5 |
14 | Other Work on other statutory compliance like Income-tax ( TDS), etc. if done any in a month | Other Work on other statutory compliance like Income-tax ( TDS), etc. if done any in a month : TASK 1 ABD , TASK 2 : ABDC |
The GST Compliance Executive  typically work in an office environment, although they may travel to meet with clients or attend conferences. They typically work regular business hours, although they may occasionally work evenings or weekends to accommodate their clients’ schedules. GST Compliance Executive may work for banks, financial services firms, or other businesses that offer products or services that require ongoing customer service and support.
Salary
GST Executive salary in India ranges between ₹ 1.2 Lakhs to ₹ 6.5 Lakhs with an average annual salary of ₹ 3.0 Lakhs. The Amount may vary through different factors like cities, experience workflow, and workload.
Conclusion
With Experience in accounting and Taxation one can build a successful career as a GST Compliance Executive. Usually, they start as an intern or in a junior post and have to work to the level of being a senior GST Compliance Executive. They must also be familiar with the latest tax laws and regulations and other soft skills.
To get a Detailed Overview of the Accounting Sector, Click Here.Â
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