VAT Changes on Budget, 2018 & VDS (VAT Deduction at Source) training centre in Bangladesh

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VAT Changes on Budget, 2018 & VDS (VAT Deduction at Source)

Introduction

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, offices and industries. People working in management, finance, audit, procurement, supply chain, HR, VAT, audit etc. sections in different businesses and industries instantly require to know the changes effected in the fiscal laws. By the budgetary measures of 2018-19, many provisions of VAT have been changed. Attending this program, the participants can enrich them with these changes exhaustively and can contribute to the sound fiscal management in their businesses, industries and offices.Deduction of VAT at source has been such an area where many concerned people could not yet have transparent knowledge. Lacking such knowledge, they could not deduct VAT as source properly and could not observe the next formalities resulting in troubles for their businesses, industries and offices ending in more losses. Provisions regarding VDS are now clearer than the past days. But many concerned people do not have adequate knowledge and proper training on this. Implementation level knitty-gritties cannot be understood reading only the provisions of law. So, hands-on training is required for observing the formalities of VDS. Attending this program, the participants can obtain up-to-date knowledge regarding the procedures and formalities of VAT Deduction at Source. Regarding VAT deduction at source there remain numerous questions in the minds of the concerned persons.

Attending the program, it may seem to them that many of the problems and queries were of so easy nature but those could not have been resolved because they could not put those up to a proper forum or authority and they did not have small amount of directed knowledge that can solve such questions. A list of questions regarding various aspects of VAT Deduction at Source will be discussed.

The purpose of this program is to provide the participants complete knowledge regarding the changes effected in the VAT Act, Rules, SROs and General Orders by the budgetary measures of 2018-19 and up-to-date knowledge regarding procedures and formalities of Deduction of VAT at Source.

How participants will benefit after the course:

• Can develop exhaustive knowledge about these changes;
• Can run the fiscal management in their organizations in far better way;
• Can protect their organizations from future troubles to be created out of lack of updated knowledge regarding changes in the VAT system;
• Develop knowledge and guidelines regarding Deduction of VAT at Source; thus they can find solutions to their many queries;
• Can further develop their career in finance, audit, management and VAT areas.

Methodology

Lecture, discussion, question and answer.

Contents of Training:

1. VAT Changes in Budget 2018-2019 Fiscal Year
2. Changes in the VAT Act
3. Changes in the VAT Rules
4. Changes made by SROs
5. Changes made by General Orders
6. VAT at source
7. VAT Registration, Accounting, input Tax credit, adjudication, appeal etc.
8. What is VAT deduction at source (VDS)?
9. Who should deduct VAT at source (VDS)?
10. List of 39 services where VDS deduction is obligatory and their rates;
11. Special procedure of VDS on Procurement Provider, commonly known as supplier;
12. VDS deduction on supply received from importer, manufacturer, trader;
13. What is to be done after VDS deduction?
14. Definition of services and VDS;
15. Miscellaneous
16. Questions and Answers.

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Anybody desirous of knowing the basics of VAT can attend the course. Junior and mid-level executives of businesses, offices and industries dealing with VAT, finance, audit, inventory, management, procurement, HR, supply chain can attend the course. Career beginners in those areas can attend the course. Senior level managers and owners of industries and businesses can attend the course to obtain basic knowledge to lead their team in better ways. Those desirous of beginning their careers in private sector can attend the course. VAT officials and employees can attend the course. Practitioners of Audit and Accounting Firms, Law Firms, Consultants and others can attend the course.
Arrangement for Certificate, lunch and two tea-break would be made by the Organizer during the workshop.