Welcome to Center for Skills Development (CSD).Good News for all Businessman, Professional, VAT Trainer, and Practitioner, Service holder, VAT Consultant Exam Candidates and others anyone. We will start an Exclusive Training on
Dr.Iqtiaruddin Md. Mamun FCMA, Director General (DG), BCS Tax Academy, Dhaka.
Md. Saifur Rahman FCMA, NBR Enlisted VAT Consultant and Principal & CEO, Saifur Enayet & Associates, Founder of Center for skills development (CSD) will be the Facilitator of this program.
Who Can Join the Training?
All Businessman, Professional, VAT Trainer, Practitioner, Service holder, VAT Consultant Exam Candidates and others any one.
Importance of Training:
VAT, Tax & Customs Act is a very important issues to Bangladesh Government as well as Bangladeshi Business man. Government is emphasizing on VAT Issues to implement the VAT Law -2012 from July 2019. On the other hand, the All of Business man are trying to realize the VAT Law -2012. But unfortunately, there is a gap between Govt. officials and Business officials due to lack of Knowledge of VAT Law 2012.
Now VAT Skill Professional’s demand are increasing day by day. So, Importance of VAT, Training is increasing. Businessman and Professional people are seeking the quality training institute to Learn VAT. So, we can help to train VAT for gaining vast knowledge on VAT by our one stop Training Service.
Our Specialty:
Interactive Class
Demonstrate Live VAT Registration and Return Submission
Re-Cap of last Class
Every Class Assessment through homework
Using Chart/Picture for easy understanding
Full Exam at End of the Course
Enriched Lecture Sheet
Real Life Practical Training on VAT Law
Professional Accountant as well as NRB Enlisted VAT Consultant
DETAILS COURSE PLAN:
DAY-1:
MODULE –V201: OVERVIEW OF VAT SYSTEM IN BANGLADESH
Content:
What is Value Added Tax (VAT)?
How does VAT work?
Schedule of VAT Act & SD ACT- 2012;
Most Important Definition of the VAT Law;
How to Read Law & Rule?
Why SRO, General Order, Special Order, Explanation issued by NBR?
How to get SRO/GO/SO?
What is VAT Rate?
MODULE –V202: VAT REGISTRATION
Content:
VAT registration,
Registration threshold,
Enlistment threshold,
Type of registration,
Registration/enlistment method,
Mandatory registration,
VAT registration irrespective of Turnover,
Central registration,
VAT Registration-A practical training through NBR online portal.
MODULE –V203: IMPOSITION OF VAT, ZERO RATED VAT & VAT EXEMPTION
Content:
Imposition of VAT at different stage,
Output VAT Rate,
Persons liable to pay VAT,
VAT agent of non-residents person,
VAT on imported services reverse charged to recipient,
Zero rated goods/services supply VAT,
Supply of goods for export -zero rated supply,
Zero rated service supply,
Supply of goods or services against international tender,
Exemption as per 1st Schedule, Exemption as per section 126,
Exemption in different stage as per SRO,
Exemption in different industries and service sector
MODULE –V204: MANNER OF VAT COLLECTION
Content:
Manner of VAT collection,
VAT on import, Valuation of import,
Export for re-import, Import for re-export,
Advance tax on import and adjustment,
Refund of advance tax,
Determination of value of taxable supply,
Valuation for VAT, SD, RD,
AT and AIT at import stage; AT adjustment,
VAT on Trading Stage,
Unused or unusable input disposal, Wastage or by-products supply disposal,
Value determination of non-consideration supply,
VAT determination in cancelled transaction
MODULE –V205: ASSESSMENT OF NET PAYABLE TAX & INPUT CREDIT, SD& TURNOVER TAX
Content:
Assessment of Tax payable,
Net VAT calculation-case study;
Different adjustment; post supply procedure in case of adjustment events,
post supply adjustment for unrealized consideration;
Adjustment made in case of wealth used for private purposes and other adjustments , Input Tax Credit not allowed under Certain Circumstances;
Turnover tax imposition and collection, SD imposition,
Who to pay, Value for SD, Special Scheme for tobacco and alcoholic goods,
Adjustment of supplementary duty in export, Turnover tax, Return processing,
DAY-2:
MODULE-V206: DETERMINATION OF UNIT COST, INPUT OUTPUT CO EFFICIENT
& FAIR MARKET VALUE, INPUT CREDIT
Content:
What is cost accounting, how to derive unit cost,
What is allocation and allocation base, Fixed cost & variable Cost,
The Input Output Co-Efficient, Importance of Input Output Co-efficient,
Preparation of Input Output Co-efficient (Mushk_4.3) for Manufacturing and Commercial Importer, Traders,
Practical Aspect of Input Output Co-efficient preparation of different industries and fair market value determination,
Definition of Fair market Value, Situation of determining fair market value,
Determining of Fair Market Value & Methods to determine fair market value, Fair Market Price Rule 2019
DAY-3:
MODULE – V207: VAT DEDUCTION AT SOURCE (VDS)
Content:
VAT deduction at source (VDS), Services under VAT deduction,
Rate of VAT for deduction,
Deducting authority,
Procedure of deduction,
Procurement provider under VDS; VDS in case of payment through local letter of credit against service;
VDS Against import of service from outside the geographical area of Bangladesh; Deduction of VAT at source in case of miscellaneous fees, royalty, charge, etc.
Deposit of withheld VAT by the VAT registered withholding entity;
Depositing code; Content of treasury challan (T.R. form No.-6) for VDS;
To do by the Accounts Officer for VDS, Timeline for issuing certificate to the supplier; Decreasing adjustment by the supplier;
Interest for non-deduction of VAT at source;
Personal penalty for non-deposit of withheld VAT;
Penalty for non-issuance of VDS certificate by the withholding entity; Law clause
DAY-4:
MODULE –V208: RECORD KEEPING AND ACCOUNTING IN VAT
Content:
Importance of Record keeping in VAT,
Obligation & Record keeping,
Characteristics of VAT as a tax system,
Record keeping (mainly), Commercial documents,
VAT Accounting and Payment Procedures,
VAT Accounting and boo keeping -A Practical demonstration as per Rule 40 of VAT & SD Rule 2016
