01751 744 130   |     info@bpsti.com

Two (02) Day long workshop on “New VAT Act 2012 & Customs Management

The purpose of this program is to provide the participants basic understanding regarding the features of the new VAT law and to make them understand how the new VAT law is different from the current VAT law (VAT Act, 1991). Another purpose is to make them understand the features of the automated system through which the new VAT law shall be implemented. In addition, providing working knowledge regarding the provisions of the current VDS system is also a purpose of this training. Thus, attending the program, the participants: — Can develop knowledge regarding the basic features of the new VAT law & Customs law; — Can develop knowledge regarding how the new VAT law is different from the current VAT law; — Can understand the basic features of the automated system through which the new VAT law & Customs law shall be implemented; — Can understand their role to implement the new VAT law; — Can understand the basic provisions of current VDS system; — Can plan strategies for their organizations ahead to face future challenges; — Can plan strategies for their organizations ahead to reap the benefits of the provisions of the new VAT law; — Can further develop their career in VAT, customs, finance and management.

Course at A Glance

  Date : 11-10-2019
  No. of Classes/ Sessions : 4
    Total Hours : 16 hours
  Last Date of Registration :30-09-2019
   Class Schedule :11 October 2019 to 12 October 2019 Friday- Saturday 10.00 AM - 6.00 PM

Price: TK. 7000/- (Excluding VAT & TAX)

Early Bird in (30-09-2019) 10%


Workshop Jointly Organized By: Institute of Professional Development Programs (IPDP) & Bangladesh Professional Skills Training Institute (BPSTI

Vanue : Chattogram

Introduction:

Valued Added Tax (VAT) is a very important matter of today’s life. Everybody comes across different aspects of VAT in the 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 Challan. So, it is important for everyone to obtain a basic knowledge of VAT. It is more important for them whose decisions matter for their businesses, industries, and offices. Moreover, people dealing with income tax, audit, management, finance, procurement, bills payable, etc. sections in different businesses and industries require knowing many things regarding VAT, some of those matters are tricky in nature. Updated knowledge in the area is needed to lead a team in corporate houses. An executive or a corporate team leader not only requires to know the rules and regulations currently in practice but for promoting the purposes of the organizations, they require to know what rules and regulations are in the offing that will impact them. The Value Added Tax and Supplementary Duty Act, 2012 (new VAT law) has been passed by the parliament in 2012. Preparatory work is now going on to make the lawfully effective from 1 July 2019. The executives and corporate leaders require knowing promptly what the basic features of the new VAT law are and how the new VAT law differs from the VAT law currently in force. The new VAT law shall be implemented through an automated system. So, it also requires knowing what shall be the role of the VAT payers in the automated process. VAT deduction at source is a very important aspect of our VAT system today. People serving in the VDS withholding entities require knowing in details the provisions regarding VDS. This program is designed to provide the participants with the VAT knowledge in these areas.

How participants will benefit after this training?

The purpose of this program is to provide the participants basic understanding regarding the features of the new VAT law and to make them understand how the new VAT law is different from the current VAT law (VAT Act, 1991). Another purpose is to make them understand the features of the automated system through which the new VAT law shall be implemented. In addition, providing working knowledge regarding the provisions of the current VDS system is also a purpose of this training. Thus, attending the program, the participants:

— Can develop knowledge regarding the basic features of the new VAT law & Customs law;
— Can develop knowledge regarding how the new VAT law is different from the current VAT law;
— Can understand the basic features of the automated system through which the new VAT law & Customs law shall be implemented;
— Can understand their role to implement the new VAT law;
— Can understand the basic provisions of current VDS system;
— Can plan strategies for their organizations ahead to face future challenges;
— Can plan strategies for their organizations ahead to reap the benefits of the provisions of the new VAT law;
— Can further develop their career in VAT, customs, finance, and management.

Contents of Training :

 

Role of NBR, VAT & SD


Ø 
VAT in Bangladesh
Ø  NBR role: organogram
Ø  Commissionerate role: organogram VAT and SD Act, 2012: Overview
Ø  VAT & SD Rules, 2016
Ø  VAT & SD Act, 2012
Ø Difference between VAT Act, 1991 & VAT & SD Act, 2012

Registration


Ø  Registration threshold
Ø  Enlistment threshold
Ø  Types of registration
Ø  Persons to be registered/enlisted
Ø  Registration/enlistment method
Ø  Voluntary registration
Ø  Central registration
Ø  Cancellation of registration
Ø  Cancellation of enlistment

 

Imposition of VAT


Ø 
Who to pay VAT
Ø  Supply in Bangladesh
Ø  Registered supplier and receiver
Ø  VAT agent for non-resident person
Ø  Reverse charged tax
Ø  Zero rated supply
Ø  Supply for export
Ø  Zero rated service supply
Ø  Travel agent and tour operator
Ø  Exempted import/supply
Ø  SD imposition
Ø  Who to pay
Ø  value for SD
Ø  Special schemes
Ø  Turnover Tax


Collection of VAT


Ø 
For vatable import
Ø  Determination of value
Ø  For reimport  Import for export
Ø  Advance VAT
Ø  Value of vatable supply
Ø  When to pay vat
Ø  Periodic and progressive supply
Ø  One invoice multiple supply
Ø  Going concern sale
Ø  Rights, options, voucher
Ø  Advance pain telco supply
Ø  Lottery, lucky draw, housie, raffle draw
Ø  Installment sale
Ø  Others


Net tax Calculation & payment


Ø 
Procedure
Ø  Input tax credit
Ø  Partial credit
Ø  Adjustment

 

 

 Books of accounts


Ø 
Tax invoice
Ø  Credit note
Ø  Debit note
Ø  Purchase register
Ø  Sales register
Ø  Contractual manufacturing invoice
Ø  Transfer invoice
Ø  VDS certificate


Return
Ø  Return processing
Ø  Negative balance
Ø  Refund
Ø  Determination of tax by the Commissioner etc.
Ø  Audit and investigation
Ø  Arrear collection

VDS


Ø 
Scope of VAT deduction at source
Ø  Deduction & rate of deduction
Ø  Source Tax Deducting Authority
Ø  VAT deduction from procurement provider
Ø  Where deduction at source not applicable
Ø  Functions of Deducting Authority
Ø  Functions of Supplier
Ø  Penalty, interest & other features
Ø  Miscellaneous

Extra Facility:

Arrangement tea, snacks, lunch would be made by the Organizer during the workshop. Participation certificate will be provided by IPDP & BPSTI.

For Registration:

BPSTI, Chattogram

01751744130
Email: info@bpsti.com


IPDP, Dhaka - Cell: 0130227256401867397323, 01946752388
Email: ipdptraining@gmail.com,   training@ipdpbd.com



Tentative Class Start

04-09-2019

Training Venue

BPSTI, K.N. Tower(8th floor), Badamtali Circle, Agrabad C/A, Chittagong

Available Seat

3 / 22

Enroll Now

Who Can Join

Prerequisites

• Management Trainees • Accounts/Finance Executives • Manager/Sr.Manager (F & A) • Tax and VAT consultant • Business person

Meet the Instructor


Muhammad Mubinul Kabir

Muhammad Mubinul Kabir