2 Day long workshop on “New VAT law, VDS & Customs Management and focusing on budget 2019″

Workshop will be held on: 28th & 29th June, 2019

Day: Friday & Saturday

Ø  9:30 AM to 5:0 PM

Ø  Venue: IPDP Training Facility

Ø  Last Date of Registration: 27th June (Thursday), 2019 By 1:00PM

Email: ipdptraining@gmail.com

Web: www.ipdpbd.com

Cell: 01302272564, 01867397323, 01946752388

Registration Fees Per Person 7,000Tk. Only

(Excluding VAT & Tax)

Introduction:

Valued Added Tax (VAT) is a very important matter of today’s life. Everybody comes across different aspects of VAT in course of his daily life and professional life. Be it an industry or any business house or any government or non-government office, there lies either the need for paying VAT or deducting VAT at source. All retail buyers require knowing the need for and importance of taking VAT Challan. So, it is important for everyone to obtain basic knowledge on VAT. It is more important for them whose decisions matter for their businesses, industries and offices. Moreover, people dealing with income tax, audit, management, finance, procurement, bills payable etc. sections in different businesses and industries require knowing many things regarding VAT, some of those matters are tricky in nature. Updated knowledge in the area is needed to lead a team in corporate houses. An executive or a corporate team leader not only requires to know the rules and regulations currently in practice but for promoting the purposes of the organizations, they require to know what rules and regulations are in the offing that will impact them. The Value Added Tax and Supplementary Duty Act, 2012 (new VAT law) has been passed by the parliament in 2012. Preparatory work is now going on to make the law fully effective from 1 July 2019. The executives and corporate leaders require knowing promptly what are the basic features of the new VAT law and how the new VAT law differs from the VAT law currently in force. The new VAT law shall be implemented through automated system. So, it also requires knowing what shall be the role of the VAT payers in the automated process. VAT deduction at source is a very important aspect of our VAT system today. People serving in the VDS withholding entities require knowing in details the provisions regarding VDS. This program is designed to provide the participants the VAT knowledge in these areas.

How participants will benefit after this workshop?

The purpose of this program is to provide the participants basic understanding regarding the features of the new VAT law and to make them understand how the new VAT law is different from the current VAT law (VAT Act, 1991). Another purpose is to make them understand the features of the automated system through which the new VAT law shall be implemented. In addition, providing working knowledge regarding the provisions of the current VDS system is also a purpose of this training. Thus, attending the program, the participants:

— Can develop knowledge regarding the basic features of the new VAT law & Customs law;
— Can develop knowledge regarding how the new VAT law is different from the current VAT law;
— Can understand the basic features of the automated system through which the new VAT law & Customs law shall be implemented;
— Can understand their role to implement the new VAT law;
— Can understand the basic provisions of current VDS system;
— Can plan strategies for their organizations ahead to face future challenges;
— Can plan strategies for their organizations ahead to reap the benefits of the provisions of the new VAT law;
— Can further develop their career in VAT, customs, finance and management.

Contents of workshop:

1.    Introduction

2.    Budgetary changes in the new VAT law

3.    The basic features of the new VAT Law

4.    Preparations for implementation of the new VAT law

5.    Comparing existing and new VAT law

6.    Priority actions of the VAT payers under the new VAT law

7.    Changes in VAT & VDS deduction authority

8.    VAT at source (VDS)

9.    Changes in Mushak forms

10. Online return

11. ADR

12. Appeal & Tribunal

13. Attending hearing

14. Advocacy for new VAT law

15. Case handling procedure

16. Developing ground for showcase notice

17. VAT based value calculation

18. Changes in price declaration process

19. Rebate management

20. Refund and draw back system

21. VAT accounting and payment procedures

22. Return processing and submission

23. Role of customs

24. Tools and mechanism of Customs

25. Import and Export Policy Order

26. Type of Customs Duties

27. What is HS Code?

28. Significance of HS Code

29. Customs Assessment Process

30. Processing of Export documents

31. Role and responsibilities of C&F agents

Who would be benefited after this workshop:

Anybody desirous of knowing the basic features of the new VAT law and its differences with the current VAT law can attend the program. Junior and mid-level executives of businesses, offices and industries dealing with VAT, customs, finance, audit, inventory, management, procurement, HR, supply chain can attend the program. Career beginners in those areas can attend the program. Senior level managers and owners of industries and businesses can attend the program. VAT officials and employees can attend the program. Practitioners of Audit and Accounting Firms, Law Firms, Consultants and others can attend the program.

Speakers Profile:

AKM Mahbubur Rahman,

Additional Commissioner (Customs House, Dhaka East)

AKM Mahbubur Rahman, joined in BCS (Customs and VAT) Cadre in 2003. He is one of the panel trainer of VAT Online Project, NBR. He served as 2nd Secretary,  VAT (policy & budget) of NBR in FY 2009-10 and 2010-11. He worked as Additional Commissioner in Customs, Excise & VAT Commissionerate, Dhaka (North) and Customs, Excise & VAT Commissionerate, Rajshahi. He also worked in Customs, Excise & VAT Commissionerate, Chattogram; Customs, Excise and VAT Commissionerate, Jashore; Custom House, Chittagong and Customs Bond Commissionerate, Dhaka in different portfolios. He got training on Customs and VAT from home and abroad. He regularly conducts training on VAT in VAT Online Project, NBR; NBR and FBCCI Partnership Training Programme; RPATC; ICMAB, BTTI, Radiant Group and Private Banks.