Training on Executive Course on VAT (6 Days Long)

RESOURCE PERSON:

Mr. Alauddin Chowdhury,

Former Member, VAT, GoB.

Mr. Md.Sahajad Hossain,

Former Commissioner

Customs & VAT, GoB.

Mr. Md. Mostaba Ali,

Joint Commissioner, North

VAT, GoB.

Dr. Golam Md. Munir,

Additional Commissioner, South

VAT, GoB.

Mr. Abdul Mannan Sikder,

First Secretary, VAT, GoB.

Mr. Ahmed Munirus Saleheen,

Additional Commissioner

LTU, GoB.

Mr. Atiqur Rahman Khan,

Commissioner, VAT, GoB.

Ms. Zakia Sultana,

First Secretary, GoB.

Mr. Pijush Kanti Nath,

First Secretary, GoB.

Mr. Quazii Wahidur Rahman,

Asstt. Commissioner, GoB.

OTHERS INFORMATION:

WHO CAN ATTEND:

The workshop is designed for accounts or finance executives and/or managers. * Any individuals who deals with Tax or interested to know about Tax management.

METHODOLOGY:

Lecture presentation by Projector and under this section we will provide a practical demonstration on how the books and forms of VAT are being kept and filled in properly to comply with the legal requirement. The discussion issues are presented below:

---Declaration of price basis with input output co-efficient (VAT-01)
---VAT Challan (VAT-11)
---Credit Note (VAT-12)
---Debit Note (VAT-12Ka)
---Purchase Accounts Books (VAT-16)
---Sales Account Books (VAT-17)
---Current Account (VAT-18)
---VAT Return (VAT-19)

BOARDING:

Arrangement for a tea-break would be made by the Organizer daily during the training.

TRAINING DETAILS:

Last date of Registration:

10 January 2010

Registration Fees:

Tk.6000.00/participant

Venue:

Fastway Training Hall,

House # 72 (1st floor), Road # 03,

Block # B, Niketon,

Gulshan – 1, Dhaka – 1212.

Date: 12-18 January, 2010

Time: 6:00 pm - 9:45 pm

Training on Executive Course on VAT (6 Days)

(Including the Changes Brought by SRO -2008)

Online Registration

VAT is a new dimension in the tax area of Bangladesh. Though it has been implemented since 1991 – still our academic books are not sufficient enough to address these accounting aspects systematically. Government is now a day’s very much harsh in collection of VAT from all relevant sources. The area of the VAT is increasing day-by-day. It is true that organizations are paying VAT still they are not in a position to keep their records as per VAT act and rules to substantiate their legitimate position. VAT authorities are not also accommodating in this perspective. Therefore, taxpayers are in dilemma to tackle this critical diverse situation. Keeping this view in mind I have tried to emphasis on VAT issues related with recording of VAT related transactions in line with VAT Act, 1991. My focus point would be on how to maintain financial books of accounts as well as VAT books of accounts and use of various VAT forms to comply with the legal requirements to cope up with the so called complex diversities. Keeping in mind the busy schedule of the management of the 21st century and the need of clear understandings about VAT transactions the magnitude of the presentation would be optimal so that participants can derive maximum benefits and effectively handle the complexities of VAT related issues in their day to day affairs.

Contents of Training:

Day: 1 (one)
Session One:
Lecturer: Mr. Md. Shahjad Hossain, Former Commissioner, Customs & VAT

Topic 1: Introductory general lecture on VAT, Customs and Excise
1. VAT, Customs and Excise Act and Rules
2. Relationship between Vat, Customs and Excise
3. Different SROs and Circulars issued by NBR
4. Organizational Structure of NBR and its Field offices implementation and enforcement of these Laws and Rules.

Session Two:
Lecturer: Mr. Alauddin Chowdhury, Former Member, VAT

Topic 2: VAT Registration Procedure - Importance
1. Definition of VAT, Characteristics of International Theoretical VAT system.
2. Characteristics of Bangladesh VAT system, VAT network, Exemptions, Tax Points, Tax Rate, VAT Factor, Tax Base, VAT at Import Point system.
3. Supplementary duty: Basis and Calculation.

Day : 2 (Two)
Session One:
Lecturer: Mostaba Ali, Joint Commissioner, North
Topic 1: VAT at Manufacturing Point
1. Definition of Manufacture,
2. Network and Exemptions - Tax Base – Value - Input-Output Coefficient
3. Unit Cost Analysis - Taxable Value - Tariff Value – Truncated value - Factors influencing Value.

Session Two:
Lecturer: Dr. Golam Md. Munir, Additional Commissioner, South
Topic 2: VAT at Manufacturing Point
1. Book of Accounts: Number, Nature, Scope and Importance. Relevant Sections, Rules, Forms
2. VAT Calculation Method under Credit mechanism and under Tariff Value.
3. VAT Payment Procedure, Return Submission: Compulsion and Procedure.

Day: 3 (Three)
Session One:
Lecturer: Mr. Abdul Mannan Sikder, First Secretary, VAT
Topic 1: VAT at Trade Point:
1. Definition of Trade, Network/ Scope, Exemptions, Different kinds of Traders
2. Commercial Importers Cum Traders, Local other Traders. Registration Procedures, Tax Base: Actual and Truncated: Method of Calculation thereof. Books of Accounts, Credit Systems,
3. VAT Payment, Return Submission, Importance of VAT at Trade Point from both Revenue and Efficiency Level VAT Implementation Rate in Bangladesh . Problems of this Sector

Session Two:
Lecturer: Mr. Ahmed Munirus Saleheen, Additional Commissioner, LTU
Topic 2: Definition, [Network Exemptions] VAT Registration Procedure and its Importance, Tax Base: Total and Truncated- Determination thereof, Books of Accounts, Number, Nature, Scope and Importance, Relevant Sections, Rules, Forms, VAT Calculation method under Credit System and under Truncated Base System, Source VAT: Reasons, Source Items, Source Points. VAT Payment and Collection Procedure, Return Submission: Compulsion and Procedure.

Day : 4 (Four)
Session One:
Lecturer: Mr. Atiqur Rahman Khan, Commissioner
Topic 1: Exemption for supply against foreign exchange-conditions - duty drawback for export-DEDO-exemption on electricity telephone, fax, water supply - procurement provider - deduction at source-rate.

Session Two:
Lecturer: Ms. Zakia Sultana, First Secretary
Topic 2: Demand, Refund, Arrear Tax: System and Collection, Different special procedures, Offences and Penalties under VAT System: Powers and Authorities of the VAT Department: Enforcement Instruments: Relevant Sections and Rules. Enforcement Positions and Problems. Appeal, VAT Appellate Tribunal. Writ Petitions etc.

Day: 5 (Five)
Session One:
Lecturer: Mr. Pijush Kanti Nath, First Secretary
Topic 1: Input Tax Credit Systems: Importance, Relevant Section and Rules, Procedure under Manufacturing Sector, Service Sector and Trade Sector. Problems of Credit System in Bangladesh .

Session Two:
Lecturer: Mr. Quazii Wahidur Rahman, Asstt. Commissioner
Topic 2: Problems Discussion and VAT Calculation Exercises.

Day: 6 (Six)
Evaluation: Distribution of Certificate and Closing presentation.

Online Registration

For Registration or additional information please call us at

Cell: 01730028148, 01673775959

or e-mail us: abms.siddique@gmail.com , istiaque.hossain@gmail.com

To confirm your Registration please pay Cash/Account pay Cheque or Deposit with our Bank.

Fastway Jobs Solution Center

House # 72 (1st floor), Road # 3,

Block # B, Niketon,

Gulshan-1, Dhaka – 1212.