Online Live training  VAT & TAX MANAGEMENT
Nishith Ranjan Saha Bindu

Nishith Ranjan Saha Bindu

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Online Live training VAT & TAX MANAGEMENT (3rd Batch)

Start Date : 2022-03-18  
End Date : 2022-05-18

Total Class : 16   Total Hours: 32

Location : 102/1 Shukrabad, Mirpur Road, Dhanmondi, Dhaka-1207

Friday : 9:00PM - 11:00PM

Saturday : 9:00PM - 11:00PM

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শিল্প প্রতিষ্ঠান বা ব্যবসা বাণিজ্য থেকে শুরু করে আমদানি রপ্তানি সহ সকল ক্ষেত্রে "ভ্যাট এবং ট্যাক্স ম্যানেজমেন্ট " ব্যবহার গুরুত্বপূর্ণ।

 

 

ভ্যাট মূলত আয়ের পরিবর্তে ভোগের উপর ভিত্তি করে নির্ধারিত হয়। অন্য দিকে ট্যাক্স ম্যানেজমেন্ট সময়মত রিটার্ন দাখিল করা, হিসাব নিরীক্ষণ করা,এবং উৎসে বা বিভিন্ন মাধ্যম থেকে ট্যাক্স কাটা ইত্যাদি নিয়ে কাজ করে। সঠিক ট্যাক্স ম্যানেজমেন্ট ব্যাক্তি বা প্রতিষ্ঠানকে সুদ, জরিমানা, মামলা ইত্যাদি এড়াতে ও সাহায্য করে থাকে।

 

 

স্কিল জবস মূলত প্রাইভেট/সরকারী, এনজিও, স্ব-নিযুক্ত উভয় ক্ষেত্রের সকল স্তরের কর্মকর্তার জন্য ভ্যাট ও ট্যাক্স ম্যানেজমেন্ট প্রশিক্ষণ কোর্সের একটি স্ট্যান্ডার্ড মানের কোর্স ডিজাইন করেছে।  আমরা এই পদ্ধতিগত ব্যবস্থার চ্যালেঞ্জ গ্রহণ করার জন্য আপনাকে সঠিক জ্ঞান এবং দক্ষতা প্রদানের মাধ্যমে আপনার কাঙ্খিত লক্ষ্য অর্জনে সরাসরি সাপোর্ট করে থাকি।

 

Course Content

Practical Vat and Tax Management

->Practical VAT Management 

Course Outline : 

1st Session - 

  1. VAT in Bangladesh 

  • Introduction of VAT in Bangladesh;

  • VAT   coverage,   rate,   exemptions,   place   of payment;

  • VAT-able goods and services; Exempted goods and services;

  • Input tax credit, self-clearance system;

  • VAT accounting, audit;

  • Distortions of VAT in Bangladesh;

  • Organizational Structure of VAT Management inBangladesh;

  • National      Board      of      Revenue      (NBR), Commissionerates, Divisions, Circle Offices;

  • Offices of Director Generals (DGs); Their job distributions;

  1. VAT  in  Bangladesh: New VAT law

  • Background;

  • Enactment;

  • Difference  between  1991  VAT  law  and  2012

  • VAT law;

  • Implementation of the New VAT law; 

  1. VAT Automation

  • VAT Management Information System (VMIS); 

  • Modernization and Automation Project (MAP); 

  • VAT Online Project (VOP);

  • Integrated VAT Management System (IVAS);

  • Medium    Term    Revenue    Strategy    (MTRS)

2nd Session

  1. Introductory

  • Section 1

  • Section 2

  1. VAT Registration and Enlistment

  • Section 4 to 7

  • Rule 3 to 4

  • Exercises and case studies; 

  • Online VAT Registration, Mushak-2.1 form fill-up

  • Section 12 to 14

  • Rule 11 to 15

  1. Imposition  of VAT

  • Section 15 to 20; 

  • Mushak-3.1 form fill-up;

  • Section 21 to 26;

  • Rule 16 to 18Ka;

  • Mushak-3.2, 3.3 form fill-up;

3rd Session 

  1. Method of Collection

  • Section 27 to 31; Rule 19;

  • Mushak-4.1, 4.2 form fill-up

  • Section 32 to 34;

  • Rule 20-24;

  • Mushak-4.3 form fill-up;

  1. Assessment  of Net Tax by Taxpayer and Payment thereof

  • Section 45 to 47; Rule 25 to 26;

  • Section 48 to 50; Rule 27 to 39;

  1. Invoice and Documents

  • Section 51 to 54; Rule 40 to 44;

  • Mushak-6.1,  6.2,  6.3,  6.4,  6.5,  6.6,  6.7,  6.8 fill-up.

4th Session

  1. Imposition and Collection of  Supplementary Duty

  • Section 55 to 62; Rule 45;

  • Mushak-7.1 form fill-up.

  1. Imposition  and Collection of Turnover Tax

  • Section 63;

  • Rule 46;

  • General Order-17/Mushak/2019, dated 17 July, 2019;

  1. Chapter Nine: Submission of Return  and  Amendment thereof

  • Section 64 to 67; Rule 47 to 51;

  • Mushak-9.1,  9.2  return  fill-up  and online submission;

  • Mushak-9.3, 9.4 fill-up;

  1. Chapter Ten: Carry Forward and Refund of Negative Net Amount

  • Section 68 to 72; Rule 52 to 57;

  • Mushak-10.1

  • Mushak-10.2

  • Mushak-10.3

  • Mushak-18.6 fill-up

5th Session

  1. Chapter  Eleven: Determination of Tax by the Commissioner3

  • Section 73 to 77; Rule 57Ka to 58;

  • Mushak-11.1, 11.2 fill-up;

  1. Chapter  Twelve:  Value  Added Tax Authority

  • Section 78 to 84; Rule 59 to 64;

  • Mushak-12.1, 12.2, 12.3, 12.4, 12.5,

  • 12.6, 12.7 form fill-up;

  • Section 85 to 89Ka; Rule 65;

  • Mushak-12.8,   12.9,   12.10,   12.11,

  • 12.12, 12.13 form fill-up;

  1. Chapter Thirteen: Audit and Investigation

  • Section 90 to 94; Rule 66 to 67;

  • How to prepare for VAT audit (VAT officials);

  • How  to  prepare  to  face  VAT  audit (VAT managers);

  • Mushak-13.1, 13.2, 13.3 form fill-up.

6th Session

  1. Chapter  Fourteen: Realization of Arrear Tax 

  • Section 95 to 101; Rule 68 to 73;

  • Mushak-14.1, 14.2, 14.3, 14.4, 14.5,

  • 14.6, 14.7 form fill-up

  • Section 102 to 106; Rule 74 to 94;

  • Mushak-14.8,   14.9,   14.10,   14.11,

  • 14.12, 14.13, 14.14 form fill-up. Home Task-23.

  1. Chapter Fifteen: Preservation of Form, Notice and Records

  • Section 107 to 110; Rule 95;

  • Use of VAT software; Use of EFD, SDC, POS;

  1. Chapter Sixteen: Offense, Trial and Punishment 

  • Section 111 to 120; Rule 96 to 97;

  • Mushak-16.1, 16.2, form fill-up.

  1. Chapter Seventeen: Appeal and Revision

  • Section 121 to 124;

  • Rule 98;

  • Preparation of grounds for appeal;

  • Mushak-17.1 form fill-up.

  • Section 125; Rule 99 to 108

  • Exercises and case studies; Mushak-17.2, 17.3 form fill-up.

7th Session

  1. Chapter Eighteen: Miscellaneous 

  • Section 126;

  • First Schedule of the Act; All exemption SROs;

  • Mushak-18.1, 18.1Ka form fill-up.

  • Section 126Ka to 130; Rule 109 to 117;

  • Mushak-18.3, 18.4 form fill-up;

  • Section 131 to 139;

  • Rule 118 to 119;

  • All General Orders; All Special Orders; 

  • All explanations;

  • Mushak-18.5, 18.6, 18.7 form fill-up;

  1. VAT Deduction at Source (VDS)

  • What is VDS? Withholding entities;

  • Procedure of VAT deduction; Compliance of the supplier; 

  • Compliance of the withholding entity; 

  • Actions for non-compliance; 

  • Procurement Provider;

  • List of goods and services for VDS;

  • Mushak-6.6 form fill-up;

  • VDS calculation from VAT-inclusive and VAT-exclusive prices;

8th Session

  1. VAT on Traders 

  • Who are traders? Documentation for traders;

  • Methods of trade VAT; Trader as supplier;

  • Mushak-4.3, 6.2.1 form fill-up

  1. Case Study & Problem Solving 

  • Practical Case Study

  • Problem Solving

END VAT CLASS

->Income TAX Management

Course Outline : 

1st Session -

Bangladesh Income Tax

  • Definition

  • Characteristics of Income Taxes

  • Objectives and Importance of Income Tax

  • Role of Income Tax in Economic Development of Bangladesh

  • Scope of Bangladesh Income Tax Law

  • The scheme of Income Tax Law: An Overview Structure of Income Tax Ordinance, 4

  • A Brief History of Income Tax Law in

Basics of Income Tax 

  • Income Year

  • Assessment Year

  • Definitions of Assesse

  • Computation of Total Income

  • Charge of income Tax: Definition and Basic Principles

  • Charge of Surcharge

  • Charge of Additional Tax

  • Charge of Additional Amount

  • Charge of minimum Tax

  • Charge of Tax on Stock Dividend

  • Charge of Tax on Retained Earnings, Reserves, Surplus etc.

  • Tax Rates

  • Special Tax treatment of income investment in the purpose of Residential Building and Apartment

  • Special Tax on income earned from selling stocks and shares

2nd Session

Income from Salary

  • Definition of Salary

  • Chargeability of Incomes under the head salary

  • definition of Salary related items

  • Elements of Salary and explanations

  • Provident Fund

  • Approved Superannuation Fund (ASF)

  • Approved Gratuity Fund (AGF)

  • Worker’s Participation Fund (WPF)

  • Tax Deducted at Source from Salary

  • Items included in Investment Allowance related to Salary Income

Income from Interest on Securities

  • Meaning of “Interest” and “Securities”

  • Scope of “Income from Interest on securities”

  • Basis of Taxation on Interest on Securities

  • Conditions for Taxation on Interest on securities

  • Classification of Securities

  • Grossing up of Interest

  • Admissible Expenses of Income from Interest on Securities

  • Tax exemption on Interest on securities

  • Cum-Interest and Ex-Interest Transactions

  • Bond washing Transactions

  • Deduction of Tax at Source from Interest on securities

  • Items included in Investment Allowance

  • Interest on Savings Instruments

  • Summary: Income from Interest 

  • Summary: Income from Interest on Savings Instruments

3rd Session

Income from House Property

  • Introduction

  • Scope of Income from House Property

  • Condition to be satisfied while computing income under the head “Income from House property”

  • A Diagnostic View of the term “Buildings or lands appurtenant Thereto “in respect of income from House Property”

  •  A Diagnostic View of the term” Ownership” in respect of income from House property

  • Non-assessable incomes under the head “Incomes from House property”

  • Annual Value 

  • rental Status of the House Property

  • Admissible expenses of house Property

  • Maintenance of account in a bank by the owner of house property

Income from Agriculture

  • Introduction 

  • Agriculture

  • Scope of Agriculture Income

  • Characteristics of Agricultural Income

  • Classification of Agricultural Income

  • Some Typical Non-agricultural Income

  • Admission Expenses

  • Set off and Carry Forward of Losses of Agricultural Income

  • Non- Assessable Agriculture 

4th Session

Income from Business or Profession

  • Business and Profession

  • Scope of Income from Business and Profession

  • Allowable Deductions/Admissible Expenses

  • Inadmissible expenses

  • Method of accounting

  • Prevailing Accounting Systems

  • Depreciation Allowance

  • Balancing Allowance, Balancing Charge and capital Gain 

  • Investment Allowance

  • Set off and Carry Forward of Loss

  • Exclusions from Income Under Sixth Schedule

Capital Gain

  • Definition 

  • Basis of Charge 

  • Computation of Capital Gain

  • Tax Rate

  • Tax Exempted Capital Gains

  • Carry Forward of loss under the head Capital Gains

Income from Other Sources

  • Scope of Income from Other Sources

  • Dividend Income

  • Interest Income other than Interest on Securities

  • Royalty

  • Fees for professional and Technical Services

  • Income from Letting of Assets

  • Unexplained Investment deemed to 

  • Income as per Section-19

  • Income not classified under any Head

  • Allowable Deductions from Income from other Sources

Additional Heads of Income

  • Share of Profit in a Partnership Firm

  • Foreign Income within the Scope of Total Income

  • Income of the Spouse or Minor Child

  • Scope of the Income of other person to be included in total income

5th Session

Tax Deducted at Source

  • Advantages

  • TDS in Ordinance and IT Rules

  • Income subject to Deduction at Source

  • Income Qualifying for TDS, Deducting Authority, TDS Rates

  • Consequences of failure to Deduct/Collect Tax at source

  • Certificate of Deductions

  • Payments to Government of Tax Deducted

  • Manner of Payment of TDS

  • Minimum Tax u/s 82C

  • Brief Procedure of Deduction or Collections of tax at source

Advance Income Tax

  • Who is liable to pay Advance Tax?

  • Computation of advance Tax

  • Payment of Advance Tax

  • Consequences of payment of Advance Tax

  • Consequences of failure to pay Advance Tax

  • Payment of Tax on the basis of Return

  • Advance Tax Matrix

Set Off and Carry Forward of Losses

  • Set Off and Carry Forward of Loss under the head Agricultural Income 

  • Carry Forward of Losses of Partnership Firm

  • Carry Forward of Losses of in respect of a joint Stock Company

  • Conditions and Limitations of Carry Forward of Loss

  • Set off and Carry Forward of Unabsorbed Depreciation

  • Difference between Business Loss and Unabsorbed Depreciation

Return of Income

  • Who is required to file a return?

  • Person not required to submit return

  • Who is authorized to sign a return?

  • What should a return accompany by?

  • When to file a return?

  • Submission of Return of Withholding Tax

  • Obligation to furnish Annual 

  • Filling of return in response to Notice

  • Filling of revised return

  • Notices for Production of Accounts and Documents

  • Statement of assets, Liabilities and life style

  • Production of other information at the time of Submission of return

Assessment

  • Definition of assessment

  • Assessment Cycle

  • Types of Assessment

  • Provisional assessment

  • Assessment on New Return

  • Assessment under Simplified Procedure

6th Session

Assessment of Individuals

  • Scope and Sources of Total Income

  • Computation of Total Income and Tax Liability

  • Non-assessable Income at a glance

  • List of Tax Credit Income / Investment Allowance

  • List of Incomes on which tax is deducted at source

  • Partnership and Partner

  • Special provisions regarding the assessment of a Firm

  • Procedure of Assessment of Firm and Partner

  • Set off and Carry Forward of firm’s Losses

  • Share of Spouse or Minor Child in a firm and Assets Transferred

  • Computations of Partners’ Share in the Firm’s Profit or Loss

  • A Liability of a firm for unrecoverable tax due from Partners

  • Assessment of Firm’s in Special Cases 

 

7th Session

Assessment of Companies

  • Definitions

  • Residential Status of Companies

  • Submission of Return

  • Set off and Carry forward of losses

  • Withholding of Tax

  • Advance payment of Tax

  • Fiscal Incentives

  • Applicable Tax rate for companies 

  • Tax Rebate

  • Corporate Social Responsibility

  • Transfer Pricing

  • Assessment procedure

8th Session

Penalty and Appeal

  • Penalty provisions

  • Provisions of Appeal

  • Alternative Dispute Resolution

 

Case Study & Problem Solving

  • Practical Case Study

  • Problem Solving



 

Learning Objectives:

The purpose of this course is to provide the participants basic and structural knowledge regarding all aspects of Income tax. Thus after completion of the course, the participants would be able to: 

  • Develop general knowledge regarding all aspects of Income tax;

  • Find solutions to many of their queries by themselves;

  • Run the fiscal management in their organizations in far better way;

  • Protect their organizations from many future troubles;

  • Further develop their career in taxation, finance and management.


 

Output:  

  1. Certification form Skill Jobs & HRDI.

  2. Work Experience from 15 years expert Trainer.

  3. You will get easy solutions to the problems from this training.

  4. You will get training in solving the problems that you face while working in the organization.