VDS is a system whereby buyers deduct value added tax (VAT) at a fixed rate from their suppliers’ invoices at the time of payment. Bangladesh collects a large portion of its revenue from VAT.
Here we will learn:
What is meant by VAT deduction at source?
What is the reference for VAT deduction and collection?
Who are the deducting entities at source?
Where there is must be deducted at the source?
Who is the supplier?
Where there is no need to deduct at the source?
What are the responsibilities of Deducting entities?
What should the supplier do?
Who will be responsible for deduction at source?
What are the consequences of not deducting at the source?
Curriculum
- 1 Section
- 5 Lessons
- 10 Weeks
Expand all sectionsCollapse all sections
- VDS5
- 1.0Automatic VDS & TDS Calculation sheet9 Minutes
- 1.1Cases where Deduction at source is not mandatory27 Minutes
- 1.2Deduction of VAT & Tax, Who can Deduct at Source, Consequence of not deducting at source8 Minutes
- 1.3How to write VAT 6.6 (Mushak 6.6)10 Minutes
- 1.4VDS & TDS Rate on different Products & Services
