VAT Training

Introduction

Valued Added Tax (VAT) is a very important matter of today’s life. Everybody comes across some 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 and some are general. 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. 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 basic course 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 course is to provide the participants basic and structural knowledge regarding all aspects of VAT. Thus attending the course, the participants will be able to:

- develop general knowledge regarding all aspects of VAT;

- find solutions to many of their queries by themselves;

- run the fiscal management in their organizations in far better way;

- protect their organizations from many future troubles;

- further develop their career in VAT, finance and management.

Methodology

Lecture, discussion, question and answer.

Contents of Training:

DAY-1
Introduction (handout to be given)
Chapter 1
Value Added Tax Act, 1991-Section 1-8
Exercise: Form-Mushak-6, 7
Decision on presentation by participants on the next day
Question-Answer Methodology (handout to be given)
Questions and Answers

DAY-2
Review of previous discussions
Questions and Answers
The Value Added Tax Act, 1991
From Section: 9 to Section 36
Exercise : Form Mushak-1
Exercise : Form Mushak-1
Presentation by participants
Questions and Answers

DAY-3
Review of previous discussions
Questions and Answers
The Value Added Tax Act, 1991
From Section: 37 to Section 54
Exercise : Form Mushak-1kha
Exercise : Form Mushak
Presentation by participants
Questions and Answers

DAY-4
Review of previous discussions
Questions and Answers
The Value Added Tax Act, 1991
From Section: 55 to 73
Three Schedules
Exercise : Form Mushak-11
Exercise : Form Mushak-12kha
Presentation by participants
Questions and Answers

DAY-5
Review of previous discussions
Questions and Answers
The Value Added Tax Rules, 1991
From Rules: 01 to 23
Exercise : Form Mushak-16
Exercise : Form Mushak-17
Presentation by participants
Questions and Answers

DAY-6
Review of previous discussions
Questions and Answers
The Value Added Tax Rules, 1991
From Rule: 24 to 43
Exercise : Form Mushak-18
Exercise : Form Mushak-19
Presentation by participants
Questions and Answers

DAY-7
Review of previous discussions
Questions and Answers
Chapter-4:VAT Deduction at Source (VDS)
What is VDS
VDS withholding authorities
Outline of VDS General Order/Guideline
VDS Tips: For Services: Tips 1-5
VDS Tips: For Goods: Tips 6-10
Chapter-5: VAT on Traders
Presentation by participants
Questions and Answers

DAY-8
Review of previous discussions
Questions and Answers
Chapter-6: Warehousing Rules
Chapter-7: Contractual Production
Chapter-8: Questions and Answers
Chapter-9:SRO,GO,SO, Explanation
Chapter-10: Practical Guideline
Chapter-11: Miscellaneous
Presentation by participants
Questions and Answers

DAY-9
Review of previous discussions
Questions and Answers
The Value Added Tax and Supplementary Duty Act, 2012 (New VAT law)
Background
Enactment
Differences between the existing and the upcoming VAT laws
Preparations for implementation
Chapter-1: Introduction
Chapter-2: Registration and Enlistment
Chapter-3: Imposition of VAT
Chapter-4: Procedure of VAT Realization
Chapter-5: Assessment and Payment of VAT
Chapter-6: Invoices and other documents
Chapter-7: Supplementary Duty
Chapter-8: Turnover Tax
Presentation by Participants
Questions and Answers

DAY-10
Review of previous discussions
Questions and Answers
Chapter-9: Return Submission
Chapter-10: Carry Forward
Chapter-11: Tax Determination
Chapter-12: VAT Authority
Chapter-13: Audit and Investigation Chapter-14: Arrear Recovery
Chapter-15: Records
Chapter-16: Offences and Penalties
Chapter-17: Appeals and Revisions
Chapter-18: Miscellaneous
Presentation by participants
Evaluation and Certificate Distribution

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Contact

9140345, 9117179 , 019266 73095, 01926673096

certificate@bdjobs.com

Anybody related with trade, commerce and industry can attend the course. Officers and executives dealing with finance and VAT in businesses and industries will be benefited from the course. Chief executives of businesses and industries can attend the course to keep themselves up-to-date regarding VAT matters and to obtain structural knowledge regarding VAT. People doing VAT consultancy can attend the course. Officers and executives of Audit and Accounting Firms can attend the course. All career beginners in private sector can attend the course. Above all, officers and employees of VAT can attend the course.


"The training program was very good and the program should be continued to build up awarness about VAT" Sumilan Chakma
"Fantastic! and very much helpful for career development in this sector" Utpal Kumar Sarkar,Executive- Finance,STS Group.
"This Program is Excellent"A.K.M Majedul Hoque,Accounts & Admin Officer, enroute international ltd.
"It is a best program of my life" Md.Mominur Rahaman
"It is a good service for us. I am really happy" Mohammad Ariful Islam Accountant, KAI Distributions Ltd.