Sunday, November 5, 2017

Collection of tax from importers

Rule 17A. 
For the purpose of making collection of tax under section 53 of the Ordinance, the Commissioner of Customs or any appropriate officer shall collect tax in the case of any import of goods at the following rate:

(a) five percent (5%) on the value of the imported goods in case of import of goods excluding the goods mentioned in clause (b) and clause (c);

(b) tow percent (2%) on the value of the imported goods in the case of import of goods specified in the table-1 below :-





(c) taka eight hundred per ton in the case of import of goods specified in the table-2 below:-


collect from paripatra

Saturday, November 4, 2017

What information, documents, condition are included when an order accept, confirm from Buyer.

The below information, documents, condition are included when an order accept, confirm from Buyer.



BENEFICIARY'S INFORMATION:
NAME ABC Ltd.
ADDRESS PLOT No. ****, UNION-********,  DHAKA, BANGLADESH.
BANK ISLAMI BANK BANGLADESH LTD.
BANK ADDRESS LOCAL OFFICE, 75 MOTIJHEEL C/A, DHAKA-1000, BANGLADESH
ACCOUNT NUMBER / SWIFT NUMBER SWIFT - IBBLBDDHA***   TLX ****** IBANK BJ OR ****** IBANK BJ
LC TRANSFERABLE YES
LC OPENING CHARGES(APPLICANT / BENEFICIARY) BENEFICIARY
OTHER BANK CHARGES(APPLICANT/BENEFICIARY) BENEFICIARY
LC PRESENTATION 7days
NOTIFY BY Full Cable     SWIFT # PRBLBDDH015
TOLERANCE Plus / Minus 3 %
DOCUMENT REQUIRED:
SIGNED COMMERCIAL INVOICE IN 1 Original  2 Copies
PACKING LIST IN 1 Original  2 Copies
AGENT AGREEMENT COMMISSION C5 (5%)
OTHER DOCUMENTS G.S.P. CERTIFICATE OF ORIGIN (FORM-A),  COLOR SIZE BREAK DOWN LIST
SHIPPING ADVISE FORM, CONTANER LOADING PLAN
SHIPMENT DETAILS:
LATEST SHIPMENT 20/12/2017
PARTIAL SHIPMENT Permitted
TRANSSHIPMENT Permitted
PORT OF LOADING Chittagong , Bangladesh
SHIPMENT TO Japan
PORT OF DISCHARGE Kobe AND/OR Tokyo, Japan
SHIPMENT OF GOODS:
BABY BOY PRINT DENIM CUT PANT (Style # PK18N*****)
BABY BOY COLOR DENIM SHORT PANT (Style # PK18N*****)
BABY BOY COTTON POPLIN SHORT PANT (Style # PK18N*****)
BOY PRINT DENIM HALF PANT (Style # PK18N*****)
BOY COTTON POPLIN SHORT PANT (Style # PK18N*****)
BOY JACQUARD DENIM HALF PANT (Style # PK18N*****)

Thursday, November 2, 2017

Cost of goods sold and Raw Material Consumed procedure as per Audit purpose.


Cost of goods sold (COGS) are the cost those distributed direct to the production of the goods sold by a company/enterprise/firm. This the amount includes this type of cost this are materials used in production the goods with the direct labor costs used to produce the goods.







Cost of goods sold:
This Represents as follows:

Raw Material Consumed                        100000.00
Work-in-Process (Opening)                       6000.00
Work-in Process (Closing)                     (50000.00)
Material Consumed                               56000.00
Add: Factory Overhead                          150000.00
Cost of Goods Manufactured              206000.00
Finished Goods- Opening                        44000.00
Cost of Goods Available for Sale        250000.00
Finished Goods- Closing                         50000.00
Cost of Goods Sold                              200000.00



Raw Material Consumed:

Raw Material (Opening)                                  40000.00
Add: Purchase During the Period                  160000.00
Raw material available for consumption   190000.00
Less: Raw Material (Closing)                          90000.00
Raw Material Consumed                             100000.00


Wednesday, October 25, 2017

When and How LC (Letter of Credit) term is started for any kind of materials purchase.

Dear viewers today i would like to express my opinion on "When and How LC (Letter of Credit) term is start for any kind of materials purchase.

Definition of LC (Letter of Credit): As per accounting standard of BAS you are better known of LC. The LC is an contract or opinion or agree or guarantee so on related with this the exchange of materials payment with both party means sealer and buyer to pay the exchange by concern Bank.

If the buyer is unable to realize the payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. 


01. Vendor is finding an order for sales from some specific buyer. If any buyer are agree to give some an order to vendor then buyer propose to develop the specific product. 

02. Vendor take the development sample to develop the product.

03. After that developing the product vendor sent the product to specific buyer.

04. After that receiving the sample behalf of buyer, buyer is given a PO (Purchase Order) to vendor for a large quantity produce for a specific time frame. 

05. After receiving the PO from buyer, vendor will be submit PI (proforma invoice).

06. After receiving the PI from vendor, Buyer check the PI and and open the LC against the PI. This is the point here the LC is opened.

So, dear viewer if u want to know about the procedure after LC opening please Subscribe the below chenall & watching. 


Please visit YouTube Chenall SaifSafe


Friday, October 20, 2017

What type of AIT, TDS are imposed | implement | deduct in a limited company.

What type of AIT, TDS are imposed | implement | deduct in a limited company. 
Now a days AIT (Advance Income Tax), TDS (Tax Deduct at Source) are most essential element from government. The collections of AIT, TDS are common fund to developing our country. Government is stick to collect the same fund from service receiver under section 52 and so on from the various types of authorities. If the authority didn't collect the same fund and are not deposited the amount in due time NBR will be imposed the punishment to the authority.

So, today most of the services are applied AIT, TDS and VAT by the rule of Government. The limited company are commonly imposed, implement and deduct the below items from your business operation. 

  1. AIT on Bank Interest.
  2. AIT on FDR Interest.
  3. AIT on Cash Incentive from New Market (Export)
  4. AIT on Compliance Audit in Factory.  
  5. AIT on Import LC
  6. AIT on Export Proceed 
  7. TDS on Local Supplier
  8. TDS on Foreign Supplier



Tuesday, October 17, 2017

ITP (Income Tax Practitioner) ViVa Schedule published



ITP (Income Tax Practitioner) ViVa (Moykhik) Schedule published. The below table is for your kind information, please prepare won self.

Monday, September 25, 2017

Importan tools and word for Google Add setting in your Blog and Website

When we will set the google ads for earning money from google then we look out the balance and some word. These are CPC, CPM, AVCPM, CPE.

Add caption

 

Bid type

The bid type are the way that advertisers bid in the auction for your ad space:

  • Cost per click (CPC)
  • Cost per thousand impressions (CPM)
  • Active view cost per thousand impressions view (Active View CPM)
  • Cost per engagement (CPE)

Saturday, September 16, 2017

ITP (Income Tax Practitioner) Result will be publised coming soon.

Total ITP student are 22,141:

a) Number of Officers will be Involved (16.09.2017) for evaluation all ITP exam khata are 88 (Eighty Eight). 

b) Per officer will be work for 252 (Two Hundred Fifty two) Khata.

c) 10 (Ten) Officer will shorting all khata. So, per officer will be take 2214 (Two Thousand Two Hundred fourteen). 


Hopefully, result will be published has published today.



ITP (Income Tax Practitioner) Result on below Link
                                              
>>>>>>>> ITP Result<<<<<<<<<

Tuesday, August 22, 2017

Important question | Suggestion of ITP (Income Tax Prectitioner) | Accounting | Bangla | English.


The Important question of ITP (Income Tax Practitioner), Accounting, Bangla & English:

Dear Viewers today I like to share with you about basic question of Accounting, Bangla & English. The Accounting, Bangla & English question are related with-

i)                   Definition of Accounting,
ii)                 Describes the feature of gift,
iii)              What is the transaction,
iv)                What is the equation of accounting transaction,
v)                 What is the double entry system,
vi)               What are the procedure of double entry system,
vii)            Describe the circle of Accounting,
viii)          Describe the  modern procedure of debtors and creditors and also the equation,
ix)               What is the meaning of journal,
x)                  Definition of journal,
xi)               What is the meaning of ledger and it’s definition,
xii)             Difference between journal and ledger,
xiii)          What is the definition of trail balance,
xiv)           Why the trail balance is equal in both side,
xv)             What is the meaning of contra entry with double entry,
xvi)            What do you mean by final accounts,
xvii)        What is the Authorized Capital and Paid up Capital,
xviii)      Difference between Share and Stock

Bangla-
i)                   Bakka Songkochon/Akothai Prokas,
ii)                 Beporith Shobdha,
iii)              Ukti,
iv)               Karok,
v)                 Pad,
vi)               Bachon,
vii)            Beram Chinno, Joti Chinno, Chead Chinno,
viii)          Sondhi,
ix)               Somarthak Shobdha,
x)                  Latter,
xi)               Application,
xii)             Vabsomprosaron,
xiii)          Sarangsho,
xiv)           Essay,

English-
i)                   English to Bengali,
ii)                 Bengali to English,
iii)              Essay,
iv)               Paragraph,
v)                 Letter/Application,
vi)               Translation,
vii)            Free Writing,
viii)          Composition,
ix)               Grammar (Voice, Narration, Transformation of sentence, Degree)

I think so, the above topics are helpful for you, if you likes the suggestion please subscribe by chennal SaifSafe from Youtube

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