Mastering VAT Act 2012

Organized By : UY Systems Ltd

Hosted By : UY LAB

VAT Training Materials

Basics of new VAT

What is VAT and Turnover Tax and how does it work

Why new VAT Act

Brief discussion on Economic Activity, Supply, Valuation, Arrears etc

Differences between old and new VAT

VAT Registration and Turnover Enlistment under new VAT online

Thresholds & its determination

Types of Registration under new online VAT

Turnover Tax

Process of Registration/Enlistment

Changing information of Registration/Enlistment

Transitional Issues of VAT Registration/ Enlistment

Imposition of VAT

Rates of VAT and Turnover Tax

Persons Responsible to pay VAT and Turnover Tax

Zero rated supplies under VAT system

VAT Calculation, Collection & Return Preparation under new VAT online

Components of net tax calculation

Output Tax, conditions and calculation method

Input tax credit, conditions and calculation method

Increasing Adjustment

Decreasing Adjustment

Withholding Tax, withholding entity and their responsibility

Practical Exercise on Net Tax calculation

Return preparation on the basis of practical exercise

Turnover Tax Invoice (Mushak-6.9)

Practical Exercise for filling-up of the above forms

VDS (VAT deduction at source) procedures

VAT deduction at source under New VAT

VAT Return under new VAT online

Return preparation on the basis of new VAT with practical exercise of online submission

VAT Accounting system under VAT online

Basics of VAT Accounting

Differences between VAT accounting and business accounting

Inventory Management (Mushak-6.1 & Mushak-6.2, Mushak-6.2.1)

VAT Invoice (Mushak-6.3)

Contract Manufacturing Invoice (Mushak-6.4)

Transfer of goods Invoice (Mushak-6.5)

Withholding Certificate (Mushak-6.6)

Credit Notes (Mushak-6.7)

Debit Notes (Mushak-6.8)

Input tax credit, Refund & Drawback

Credit mechanism under new VAT

Areas where Credit is not admissible

Relationship with Form Mushak 4.3

Balance carry forward

Refund procedure

Drawback system

Litigation Management (Offence, Penalty, Trail)

Offences under new VAT
Fine & Penalty for offences
Case Filing Procedure against offender
Process of trial of offences

Appeal & Litigation Management

1. Appeal to Commissioner (Appeal)/Tribunal/Supreme Court

2. Alternative Dispute Resolution (ADR)

3. Process of show cause notice issued to Tax payer

4. Response of taxpayer against show cause notice

5. Adjudication Procedure

VAT Agents & VAT Consultants

Responsibilities - Qualification
Appointment - Nomination procedure
Cancellation procedure

Contact Us

House # 259, Road # 19, Lake Road, New DOHS Mohakhali, Dhaka-1206, Bangladesh


Need Training