TRC VAT PRACTICA LIMITED

VAT SYSTEM DEVELOPMENT & IMPLEMENTATION CONSULTANTS

Our organization, TRC VAT PRACTICA LIMITED is one of the premier consultancy companies in Bangladesh that provides states of the art advisory services on organizational VAT system development and implementation. We hold keen interest in VAT laws, VAT regulations and all other relevant VAT rules followed with interpretations of the same. We provide total VAT solutions including solving all types of complicated VAT issues, development and implementation of VAT System.

We are adept at development and implementation of VAT system which yields major benefits to the organization. These benefits are of manifolds ranging from reducing the VAT administering expenses significantly along with hassle free VAT management.

We are totally different from all other consultants as we don’t believe in quick-fix and short-cut tactics. We develop the comprehensive VAT system with the capacity development of the human resources of the organizations we work for, so that the regular staff of the organization can implement the VAT system developed by us. It reduces the regular dependency on the consultants resulting least consulting fee expenses for the organization. Our developed VAT system makes the organization efficient to keep its VAT administration expenses as minimum as possible. Besides, our developed VAT system helps our clients to keep their product cost at a substantial level which makes them very efficient and profitable in the extremely competitive market places.

Our organization is led by three senior consultants, they are highly competent and experienced in carrying out any type of consulting assignment

Md. Alimuzzaman is our lead consultant who is very proficient in VAT, Customs, Income Tax and regulatory affairs with 27 years of experience in these fields along with rich corporate experience. Hehas vast theoretical and practical knowledge on these aforesaid fields that he has applied in a good number of larger corporate groups of Bangladesh including Bashundhara Group, Khaled Group, Nasrish Group and Crown Cement during his career tenure with them.  He is adept in developing and implementing the most efficient and effective VAT System. He is also proficient in comprehensive interpretations of all these regulations along with the most effective application of the same which reduces the exposure to tax burden to the extent of minimum possible amount.

Md. Masudur Rahman is leading the front of framing the VAT System. He holds dual-professional qualifications; he is qualified Chartered Accountant (FCA) and a qualified Company Secretary (CS). He has 26 years of practical experience on Corporate Affairs (RJSC), Accounting and Auditing Standards and he worked for  BRAC, Bashundhara Group to name a few. Besides, he has been a professional partner in a reputed Chartered Accountants (CA) firm since 2015.

 

Shubhankar Shil is leading the engagement and system integration front. He is also a qualified Chartered Accountant along with MBA in Finance from the Institute of Business Administration (IBA), University of Dhaka. In addition, he holds two bachelor credentials – one is BBA and the other is LL.B.He is a seasoned professional who have worked for the World Bank, IFC, ADB, UNDP, UNCDF, UNICEF, IRRI, Swisscontact, Societe Generale, ANZ Grindlays, Indosuez, Credit Agricole, Novartis, IDLC to name a few. He founded SHUBHANKAR & Co. in 1999.

We Provide Practical VAT Solutions, not the Solutions based on Theory   

TRC VAT Practica Limited is a pragmatic VAT solution advisors. The advisors of TRC VAT Practica Limited clearly and sensibly know that every organization is unique in its operation and business model-wise, so they should be run in that particular way which is convenient for the operations. We don’t ask them to change their operational business model, rather we develop and implement VAT system following their convenient business model. We are very flexible in designing the VAT system as required by our clients so that they don’t have to change the business modalities.

Hassle free business operations

Hassle free operations of business due to our VAT System Development and Implementation – You can run your business totally hassle free and in a smooth way if you develop and implement your VAT system with our assistance. When your business is run with a totally practical VAT system, your business organization will be protected fully and the regulators will not be able to detect any limitations.

One and single set books of accounts for all purposes including VAT, Income Tax and all other purposes

If you develop and implement the VAT System with our assistance, we will make a comprehensive financial reporting system which will enable to develop a single unified financial reporting system. So, you don’t have to prepare different set of financial reporting. So, your resources will be saved significantly.

Reducing pressure through developing and implementing proper VAT System

While you and your organization as a whole take a holistic and systematic approach to develop and implement a practical VAT System, you and your organization will get relaxed from the unbearable pressure of compliance; otherwise, you and your organization will get pressurized constantly from the regular and complicated compliance of VAT regulations.

Cost reduction by applying 15% VAT rate and credit of input VAT

We develop and implement VAT System in such a way which ensure maximum 15% VAT on the taxable products or services. This will enable you to control your product as minimum as possible. We also develop the system in a unique way through which you can avail credits against input VAT charges

TRC VAT PRACTICA Ensures Lowest VAT Administration and Consulting Fees Cost reduction by applying 15% VAT rate and input VAT amount credit taken

We develop and implement VAT System in such way which reduces the regular dependency on the consultants resulting least consulting fee expenses for the organization. Our developed VAT system makes the organization efficient to keep its VAT administration expenses as minimum as possible.

Lower the product price by reducing production cost through effective and efficient VAT compliance

If you develop and implement the VAT System with our assistance, we will make a comprehensive financial reporting system. This VAT System will help you to add on only the relevant cost to your total product cost and will help you to eliminate all the unnecessary cost. As a result, product cost can be kept reasonable at a substantial level which enable to keep the price as competitive as possible to excel in the extremely competitive market places.

Our Fee is not a burden of your organization rather it is a portion of the cost saved by us

We develop and implement VAT System in such a way which ensure a substantial savings. We are a proven advisors for building and implementing the most efficient and effective VAT system. This system generates a huge savings compared to earlier situations.

We believe that you will find our firm competent enough to develop and implement your organizational VAT system fully which will yield major benefits to your organization. We also provide other consulting services as per your requirements viz. Income Tax, Accounting, Assurance, Finance, Corporate and Legal Issues. We appreciate the opportunity to be your business partner of development and prosperity.

 

Thanks and regards,

 

 

TRC VAT Practica Limited

VAT System Development and implementation Consultants

 

 

 

 

 

 

 

TRC VAT Practica Limited

VAT System Development and Implementation Consultants

 

 

Financial Proposal for Working on VAT &VAT System development and Implementation:

 

Yearly Turnover Particulars of Services Amount (Taka) Remarks
Below  5.00  Crore VAT System Development and Implementation:

(a)   Streamlining of books of accounts and financial reporting system;

(b)   Integration of VAT with all relevant heads of financial accounting and reporting system;

(c)    Develop the VAT Staff with required capacity building programs;

(d)   Piloting the developed VAT system to ensure its suitability with existing facilities;

(e)   Amending the system by overcoming of all limitations;

(f)     Operationalize the entire system

 

60,000 Monthly

(First 06 month)

Below  5.00  Crore VAT System Supervision and Augmentation :

(a)    The VAT System will be under our direction supervision after the installation of the system;

(b)   We will monitor its progress and challenges if there is any;

(c)    We will renovate the required modifications as required;

(d)   We will make the system functional

 

40,000

 

Monthly

(Next 06 month)

From 5.00 Crore to below 10 Crore VAT System Development and Implementation:

(a)   Streamlining of books of accounts and financial reporting system;

(b)   Integration of VAT with all relevant heads of financial accounting and reporting system;

(c)    Develop the VAT Staff with required capacity building programs;

(d)   Piloting the developed VAT system to ensure its suitability with existing facilities;

(e)   Amending the system by overcoming of all limitations;

(f)     Operationalize the entire system

 

100,000 Monthly

(First 06 month)

From 5.00 Crore to below 10 Crore VAT System Supervision and Augmentation :

(a)    The VAT System will be under our direction supervision after the installation of the system;

(b)   We will monitor its progress and challenges if there is any;

(c)    We will renovate the required modifications as required;

(d)   We will make the system functional

 

50,000 Monthly

(Next 06 month)

From 10 Crore to below 20 Crore VAT System Development and Implementation:

(a)   Streamlining of books of accounts and financial reporting system;

(b)   Integration of VAT with all relevant heads of financial accounting and reporting system;

(c)    Develop the VAT Staff with required capacity building programs;

(d)   Piloting the developed VAT system to ensure its suitability with existing facilities;

(e)   Amending the system by overcoming of all limitations;

(f)     Operationalize the entire system

 

150,000 Monthly

(First 06 month)

From 10 Crore to below 20 Crore VAT System Supervision and Augmentation :

(a)    The VAT System will be under our direction supervision after the installation of the system;

(b)   We will monitor its progress and challenges if there is any;

(c)    We will renovate the required modifications as required;

(d)   We will make the system functional

 

75,000 Monthly

(Next 06 month)

From 20 Crore to below 50 Crore VAT System Development and Implementation:

(a)   Streamlining of books of accounts and financial reporting system;

(b)   Integration of VAT with all relevant heads of financial accounting and reporting system;

(c)    Develop the VAT Staff with required capacity building programs;

(d)   Piloting the developed VAT system to ensure its suitability with existing facilities;

(e)   Amending the system by overcoming of all limitations;

(f)     Operationalize the entire system

 

200,000

 

 

Monthly

(First 06 month)

From 20 Crore to below 50 Crore VAT System Supervision and Augmentation :

(a)    The VAT System will be under our direction supervision after the installation of the system;

(b)   We will monitor its progress and challenges if there is any;

(c)    We will renovate the required modifications as required;

(d)   We will make the system functional

 

100,000 Monthly

(Next 06 month)

From 50 Crore to below 100 Crore VAT System Development and Implementation:

(a)   Streamlining of books of accounts and financial reporting system;

(b)   Integration of VAT with all relevant heads of financial accounting and reporting system;

(c)    Develop the VAT Staff with required capacity building programs;

(d)   Piloting the developed VAT system to ensure its suitability with existing facilities;

(e)   Amending the system by overcoming of all limitations;

(f)     Operationalize the entire system

 

300,000 Monthly

(First 06 month)

From 50 Crore to below 100 Crore VAT System Supervision and Augmentation :

(a)    The VAT System will be under our direction supervision after the installation of the system;

(b)   We will monitor its progress and challenges if there is any;

(c)    We will renovate the required modifications as required;

(d)   We will make the system functional

 

150,000 Monthly

(Next 06 month)

100 Crore and above VAT System Development and Implementation:

(a)   Streamlining of books of accounts and financial reporting system;

(b)   Integration of VAT with all relevant heads of financial accounting and reporting system;

(c)    Develop the VAT Staff with required capacity building programs;

(d)   Piloting the developed VAT system to ensure its suitability with existing facilities;

(e)   Amending the system by overcoming of all limitations;

(f)     Operationalize the entire system

 

400,000 Monthly

(First 06 month)

100 Crore and above VAT System Supervision and Augmentation :

(a)    The VAT System will be under our direction supervision after the installation of the system;

(b)   We will monitor its progress and challenges if there is any;

(c)    We will renovate the required modifications as required;

(d)   We will make the system functional

 

200,000 Monthly

(Next 06 month)