Training on Tax & VAT Management

Module of VAT Management

Module of Tax Management

Class 1 - VAT Foundation & VAT Knowledge

A short history of VAT in Bangladesh
What is VAT ?
Meaning of VAT to the consumers & Business
What is VAT Cycle ?
How VAT Cycle work ?
Different rates of VAT and features of Standard rate
How to determine the VAT rate for any product and services ?

Class 2 - VAT Registration

Eligibility for VAT registration or Turnover tax enlistment
When is VAT Registration mandatory?
Online VAT Registration procedure
Documents to be attached for registration
Awareness when filling up the VAT registration form
Compliance after taking VAT registration

Class 3 - VAT Practice & Compliance

VAT Books of Accounts
VAT Documentation & VAT Invoices
VAT challan require to do the business
Required activities of VAT to the Business
Practical preparation of VAT Books of accounts (VAT 6.1, 6.2, 6.1.2, 6.3, 6.4, 6.5, 6.6, 6.7, 6.8, 6.9, 6.10)

Class 4 - VAT Rebate

What is VAT rebate ?
Who is eligible to take VAT rebate ?
Definition of Input & Output
Negative list of Input
Conditions of taking VAT rebate
What is partial VAT rebate ?
Documents in support of VAT rebate

Class 5 - Input-Output Coefficient (VAT 4.3)

What is Input-Output Coefficient (VAT 4.3) ?
When to submit Input-Output Coefficient ?
Who have to submit Input-Output Coefficient ?
Consequences of not submitting Input-Output Coefficient
Practical preparation of Input-Output Coefficient
Documents to be attached with Input-Output Coefficient

Class 6 - VAT Deducted at Source (VDS)

VDS Mechanism
Laws & Rules regarding VDS
When to deduct VAT at source
When VDS is not applicable
Consequence if VAT is not deducted at source
Submission of VDS to govt exchequer
Penalty for not depositing VDS
Preparation of TR Challan
Certificate of VDS (VAT 6.6)

Class 7 - VAT Return

Time line for submitting VAT return
Time extension for submitting VAT return
Penalty and fine for not submitting VAT return within time
Practical preparation of VAT return (both Manual & Online)
Discussion of VAT Return’s Sub-form
AT Adjustment
How VDS showing in the VAT return

Class 1 - Tax management in Bangladesh

Difference between direct tax and indirect tax
Income Tax Authorities
Difference between income year and assessment year
Tax Rate for Individual & Company
Heads of Income

Class 2 - Introduction to Individual income tax

Who to file income tax return ?
When return filling is mandatory ?
Proof of submission of return
When to file income tax return ?
Time extension of filling tax return
Tax calculation in case return submitted after deadline
Tax slab for individual

Class 3 - Investment tax allowance

What is investment tax allowance ?
Who will get investment tax allowance ?
How investment tax allowance calculated ?
Allowable investment
Practical scenario of investment tax allowance
Documents in support of investment tax allowance

Class 4 - Practical preparation of individual income tax

Preparation of income tax based on actual scenario (two files)
Awareness when preparing the tax return
Documents to be submitted with tax return

Class 5 - Introduction of Corporate Tax

When to submit corporate tax return ?
Tax day determination for a corporate
Understanding of Audited Financial Statement
Expenses allowable under Income Tax Act 2023
Expenses not-allowable under Income Tax Act 2023
Preparation of income tax return for a company
Documents to be submitted with tax return

Class 6 - Preparation of Corporate Tax

Preparation of corporate income tax based on actual scenario (two files)
Awareness when preparing the tax return
Documents to be submitted with tax return

Class 7 - Tax Deduction at Source (TDS)

TDS Mechanism
Laws & Rules regarding TDS
When to deduct Tax at source
Tax deduction vs Tax Collection
Details of Tax Collection at Source (TCS)
Consequence if VAT is not deducted/ collected at source
Submission of TDS to govt exchequer
Penalty for not depositing TDS
Preparation of TR Challan

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