VAT is a very important matter of today’s life. Everybody comes across different matters of VAT in course of his daily life. It is more important for them whose decisions matter for their businesses, industries and offices. People dealing with management, finance and VAT in different businesses, industries and offices require to know many things regarding VAT, some of those matters are tricky in nature. Audit and accounts under VAT system has been such an area where many concerned people could not yet have transparent knowledge. Lacking such knowledge, they can not maintain books of accounts in a manner that can be easily audited. Such nonconformity results in troubles for their businesses, industries and offices. Sometimes, non-understanding of a trifling matter or non-compliance of a simple thing, in the long run becomes a big problem for businesses and industries.
Attending this program, the participants can obtain up-to-date knowledge regarding the procedures of maintaining books of accounts under VAT system. The tricky matters and risky areas of VAT Audit and Accounts will be specially discussed from where the participants could gain such knowledge by dint of which they would be able to protect their businesses and industries from many future troubles. Attending the program, the participants would be able to contribute to the sound fiscal management in their businesses, industries and offices.
How participants will benefit after the course:
The purpose of this program is to provide the participants up-to-date knowledge regarding procedures of audit and accounting under VAT system. Thus attending the program, the participants:
Can develop knowledge and guidelines regarding audit and accounts under VAT system and can find solutions to their many queries;
Can run the fiscal management in their organizations in far better way;
Can protect their organizations from future troubles;
Can further develop their career in finance, management and VAT.
Workshop topics to be covered:
1. What is audit under VAT system?
2. Provisions of VAT Act and Rules regarding Audit and Accounts.
3. Books of Accounts under VAT system
a) for goods
b) for services
c) for traders
d) for Turnover Tax establishments
e) for Cottage Industries
f) for central registered establishments
g) for establishments supplying goods in identical prices
h) special arrangements
4. Computerized Accounts
5. Areas of Risk
6. How to do and face a VAT audit?
7. VAT Deduction at Source (VDS)
9. General Questions and Answers