About Workshop
Valued Added Tax (VAT) is a very important matter of today’s life. Everybody comes across different aspects of VAT in course of his daily life and professional life. Be it an industry or any business house or any government or non-government office, there lies either the need for paying VAT or deducting VAT at source. All retail buyers require knowing the need for and importance of taking VAT Chalan. So, it is important for everyone to obtain basic knowledge on VAT.
It is more important for them whose decisions matter for their businesses and industries. People dealing with management, finance and VAT in different businesses and industries require to know many things regarding VAT, some of those matters are tricky in nature. Industries, business houses and authorities empowered to deduct VAT at source very often find themselves in troubles because of tiny lapses which could have been easily avoided, had they had basic knowledge regarding VAT.
Many senior-level managers and CEOs, without fundamental knowledge of VAT require depending on others. Questions like: Who requires taking VAT registration? What are the rates of VAT? When VAT becomes payable? What is Turnover Tax and Cottage Industry? Where input tax credit is not allowed? How to face a VAT audit and an irregularity or evasion case? How to maintain books of accounts? How to submit VAT returns? How refund and drawback is to be taken? What are the offences and penalties if provisions of VAT Act and Rules are violated? are common concerns – the answers to those may not be obtained instantly causing sufferings to them.
This program on a general overview of the VAT system of Bangladesh is designed to provide all concerned primary, structural knowledge based on which they can find solutions to many of their queries themselves. Thus, the participants would be able to protect their businesses and industries from many would-be troubles and they 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 basic and structural knowledge regarding all aspects of VAT. Thus attending the program, the participants:
1. Can develop general knowledge regarding all aspects of VAT
2. Can find solutions to many of their queries by themselves
3. Can run the fiscal management in their organizations in far better way
4. Can protect their organizations from many future troubles
5. Senior-level managers and CEOs can lead their VAT-team in a far better way
6. Can further develop their career in VAT, finance and management
Workshop topics to be covered:
1. Registration under VAT
2. How to pay VAT
3. Price declaration under VAT
4. Input tax credit and return submission
5. VAT Accounts and audit
6. Export, refund, drawback
7. Search, Seizure, adjudication, appeal
8. VAT Exemptions
9. VAT deduction at source
10. VAT on traders
11.VAT Consultants’ Licence
12. Questions and answers
13. Miscellaneous