Automated Vat Management
Under New Law And Rules
Course Number : 06Automated Vat Management Under New Law And Rules

Course objectives

• VAT Act 2012 and VAT Rules 2016 is effective from the 1st day of July 2019.
• This is a paradigm shift from previous regime like 1991. The objective of this workshop is to update corporate decision makers with the changes having impact upon the day to day operations.

Course duration : 02 Days

Benefit of this training

• Optimizing the tax benefits particularly Input Tax Credit
• Protecting corporate entity from hassles.
• Reducing the VAT management cost through integration
• Reducing the compliance cost persuading the business partner

Participants level

• Accounts and Finance division
• Human Resources & Administration Professionals
• Departmental Heads/ Unit In-Charge
• Mid-Level Managers
• Executives – VAT Management

Possible topics to be covered

• VAT System in Bangladesh.
• Comparison and key changes between VAT Act 1991 and VAT and SD Act 2012.
• VAT Registration/re-registration under new regime (MUSHAK 2.1).
• Automated VAT imposition under new law.
• Declaration of Input Output Coefficient through automation.
• VAT collection processes under new law and new rules through automated VAT accounting system.
• Automated advance tax calculation mechanism.
• Automated Tax computation and timing of payment.
• Input Tax and technique to optimize Credit automatically.
• Withholding entity under VAT & SD Act. 2012 and rules 2016.
• Automated VDS Deduction.
• VDS certificate 6.6 issue & receive through automation.
• Adjustment events, Increasing Adjustment & Decreasing Adjustment through automation.
• Automatically Return (9.1) preparation and submission procedure under new law and new rules.
• API integration with other software for automated VAT management.