About Course
This course provides a practical and in-depth understanding of VAT & Tax levied and administered by the National Board of Revenue (NBR), designed to develop you into a confident and competent VAT & Tax Manager. You will learn how to determine the accurate VAT and Tax rate for any product or service, how to deduct VDS & TDS before payment, how to maintain VAT books of accounts, how to prepare and submit VAT & Tax returns with clear explanations of relevant laws and regulations.
What Will You Learn?
- Ability to understand VAT & Tax laws and SROs
- Gain practical knowledge of VDS & TDS
- Ability to maintain VAT books of accounts
- Prepare VAT and Corporate tax return
Course Content
Foundation & VAT Knowledge
-
Short history of VAT
-
What is VAT, VAT process/cycle
-
VAT features, VAT rate, VAT schedules
-
Features of Standard VAT
-
How to determine the VAT rate for any product and services
VAT Registration
-
When VAT Registration is required and when it is mandatory
-
VAT registration process, documents to be submitted for BIN
-
Awareness when filling up the VAT registration form
-
BIN (Mushak 2.3) – What to do if any changes happen (Mushak 2.5)
-
What to do after VAT registration
-
Use of Business Identification Number (BIN)
VAT Books of Accounts
-
VAT books of Accounts (Mushak Challan)
-
Purchase register, Sales register and VAT Invoice including SD
-
Debit Note, Credit Note, List of few Mushak forms
-
Required activities of VAT to the business
-
Maintenance of records in VAT Software and VAT documentation
VAT Rebate – Mechanism, Eligibility & Adjustment procedure
-
VAT rebate – Input tax credit
-
Negative list of input
-
Conditions for claiming Input tax credit
-
Circumstances under which Input Tax credit are not allowable
-
Documents required for claiming Input tax credit
-
VAT rebate mini case examples
Mushak – 4.3 Input Output Coefficient
-
Why submit input output coefficient
-
When to file input output coefficient
-
Who to file input output coefficient
-
Input-Output Coefficient details
-
HS Code, Bill of Entry
-
Preparation of input output co-efficient
VDS – VAT Deduction at Source
-
Laws & Rules regarding VDS
-
When to deduct VAT at source
-
When VDS is not applicable
-
Submission of VDS to govt exchequer
-
Penalty for non compliance of VDS
-
Preparation of TR Challan
VAT Return
-
Time limit VAT return submission, penalty & fine
-
Time Extension for VAT Return submission
-
Parts of VAT Return including increasing and decreasing adjustment, AT adjustment
-
Net VAT calculation, adjustment of old account current balance, closing balance, refund, declaration etc.
Tax Introduction & Tax Structure
-
Why Tax is important for a Nation
-
Income Tax Authority
-
An overview of Income Tax Act 2023 – Part, Chapter, Schedule, SRO
-
Discussion of Important Definition
-
When to submit income tax return – tax day
-
Resident status – taxation implication of resident or non-resident with examples
-
Act & Regulation reference for tax knowledge
-
What Finance Act or Finance Ordinance contain
-
Relationship between Finance Act & Others NBR Publications
-
What is the reference of Tax rate or Charge of tax
-
Types of income as per ITA 2023
-
Income other than 7 types of Income
-
Who has to file income tax return
-
Proof of income tax return is required in which cases
-
Who is not required to file income tax return
Personal Income Tax
-
Income from Employment – Sections to read
-
Income from Employment – Clause to read
-
ধারা ২ দফা ২৫, ৩৪, ৩৫
-
Which types of earnings are included in employment income for income tax purposes, and which are excluded
-
What constitute Salary
-
What is Perquisite
-
In lieu of Salary or in addition to salary
-
Value of Perquisite
-
Employee Share Scheme
-
Other Proviso related to Employment Income
-
Tax computation – salary sourced income
-
Major common income other than salary income
-
Income from Employment – Govt. service holders
-
Tax Applicability for Govt Service Holder
-
Exclusions from total income (6th Schedule, Part 1)
-
Exclusions from total income (6th Schedule, Part 2)
-
Final Tax Settlement Income – ধারা ১৬৩
-
Tax free Income Limit – AY 2025-26
-
Tax Slab – Difference between AY 2024-25 vs AY 2025-26
-
Location wise Minimum Tax For AY 2025-2026
-
Minimum Tax Liability on gross receipt
-
Surcharge on individual assesses
eReturn Preparation
TDS – Tax Deducted at Source
-
Laws & Rules regarding TDS
-
Rate of TDS
-
Submission of TDS to govt exchequer
-
Code to paid TDS
-
Penalty where failure to TDS
-
Preparation of TR Challan
Corporate Income Tax Management – Rates & Compliance
-
Types of income as per ITA 2023
-
Who to file Income Tax Return
-
Income Year & Assessment Year
-
When to submit Income Tax Return
-
Types of return
-
What Types of Documents need to submit along with return
-
Who will sign Tax Return
-
Proof of Submission return
-
Corporate Income Tax Rate – Conditions to avail 2.5% tax cut
-
What does it mean by publicly traded company
-
Minimum Tax Liability on gross receipt
-
Tax on Certain Income – Capital Gain and Dividend
Corporate Income Tax Management – Computation of Income
-
General deductions (Section 49)
-
Special deductions (Section 50)
-
Deductions not allowable (Section 55)
-
Treatment of Disallowance (Section 56)
Student Ratings & Reviews
No Review Yet