Topics at a glance:
1: Brief History of Value Added Tax System.
2: Value Addition & Value Added Tax (VAT).
3: VAT & Supplementary Duty Act-2012 & Rule-2016.
4: Schedules of VAT & SD ACT- 2012.
5: VAT, SD, Turnover Tax (TT) & Advance Tax (AT) & it’s Rates.
6: Important Definitions Under VAT & SD Act.
7: Statutory Regulatory Order (SRO)/General Order/Special Order.
8: Excise Duty and Surcharge, It’s Rates, Imposition & Calculation.

Topics at a glance:
1: VAT Registration & Turnover Tax Enlistment (Mushak-2.1).
2: Threshold & Registration Threshold. Mandatory, Voluntary & Force Registration.
3: Central VAT Registration, It’s Procedure, Terms & Conditions.
4: Unit Registration & Registration Procedure.
5: Amendment, De-registration & Cancellation of Registration.
6: Special Provision for Registration & Use of VAT Registration.
7: Registration Related SRO, Order & Explanation.

Topics at a glance:
1: Accounting and Business Accounting.
2: VAT Accounting and It’s Importance.
3: VAT Accounting Related Act-Rule, Records & Documents.
4: Importance of Record-Keeping in VAT System.
5: Credit Note & Debit Note (Musak 6.7 & 6.8).
6: Accounting Related Register (Musak 6.1, 6.2, 6.2.1, 6.10).
7: Accounting Related Invoice (Musak 6.3, 6.4, 6.5, 6.6, 6.9).
8: Documents Required for Manufacturer, Trader/Commercial Importer

Topics at a glance:
1: Input, Output and Unit Cost. Input-Output Coefficient & It’s Importance.
2: Preparation of Input-Output Coefficient (Musak 4.3) for Manufacturer.
3: Preparation of Input-Output Coefficient (Musak 4.3) for Trader.
4: Fair Market Price and Value of Supply.
5: When and Why Fair Market Price Determination Required.
6: Methods for Determination of Fair Market Price.
7: Fair Market Price Rules 2019.

Topics at a glance:
1: Input, Input-Tax, Input Tax Credit (Rebate) & it’s Mechanism.
2: Legal Provisions for Input Tax Credit. Terms and Conditions for Input Tax
Credit.
3: Partial Input Tax Credit & Calculation Method.
4: No Cascading Effect When Rebate Allowed.
5: Documents Required for VAT Rebate.
6: Difference Between Rebate, Refund & Drawback.
7: Penalty for Irregularities in Input Tax Credit (Rebate)System.

Topics at a glance:
1: VAT Deduction at Source (VDS) and It’s Importance.
2: Legal Provision and Related Rules for VDS.
3: Product & Services Under VAT Deduction.
4: Deducting Authority, Supplier & Their Responsibility.
5: Procurement Provider Under VDS, Time of Deduction & Payment
Procedure.
6: Adjustment by Deducting Authority & Supplier.
7: Penal Provision for Non-compliance of VDS.

Topics at a glance:
1: Offences Under VAT Act and Rule.
2: Penalty for Offences Under VAT Act and Rule.
3: Case filing, Investigation and Charge sheet Submission.
4: Trial By Judicial Magistrate for Offences and Appeal.
5: Alternative Dispute Resolution (ADR).
6: Procedure of Alternative Dispute Resolution.
7: Determination of Arrear under VAT Act and Rule.
8: Arrear Collection Procedure (VAT Demand).

VAT-TT Return (9.1, 9.2, 9.3, 9.4) Preparation and Submission.
1: Return, VAT & Turnover Tax Return & It’s Importance.
2: Fill-up and Submission of VAT-TT Return (Musak 9.1/9.2).
3: Late Submission and Amendment of Return (Musak 9.3/9.4).
4: Supply, Purchase, Import, Export and Their Entry in Return.
5: Adjustment (Increasing and Decreasing) in Return.
6: Different Sub Forms and Their Utilization.
7: Negative Balance in Return, It’s Carry Forward & Adjustment.
8: Case Study (VAT/TT Return Preparation)