Consultant's Short Biography

Service Experience & Key Responsibilities:

  • »   Assistant Manager, Accounts
         ACI Limited [Group Manufacturer of Pharma, CB, AH, Agro and Trading Business]
    • 1.   Adopt VAT & Tax policies and ensure compliance in line with Govt budget, Finance Act and other
            Circulations; Establish a central control on Tax compliance procedure over whole the organization

    • 2.   Check, improve and suggest VAT & Tax personnel in maintaining proper VAT & Tax procedure complying
            with taxation law; Find problem and try to improve existing system as to eliminate scope of complain from
            VAT, Tax & other Govt. Authorities, Arrange training for VAT & Tax personnel in maintaining proper
            procedure complying with taxation laws to protect penalties.

    • 3.   Supervise in VAT Accounting, Journal posting; Guide in preparation of VAT Reconciliation (Input Rebate,
            Output VAT & Treasury deposit) between VAT Record and Accounting record, Sales Reconciliation
            for Tax Assessment.

    • 4.   Pursue and deal with VAT & Tax cases, Drafting report on various issues and prepare appeal, reply,
            letters etc in conformance with VAT requirement, Appear before Appellate Tribunal, Appeal,
            Commissioner and Divisional Offices for hearing purpose, solicit their claim, if any and pull off favourable
            result to the company.

    • 5.   Supervise External Audit conducted as Departmental Audit by VAT Authority, Office of AG Audit,
            Special Audit, Audit of Custom Intelligence etc, Organize internal audit conducting on factories, depots
            & vendors by VAT team on regular interval basis

    • 6.   Supervise in Costing & preparation of Musak-1 and other Musak formats within stipulated time,
            Attend in hearing and obtain approval

    • 7.   Train, Suggest & support business, supply chain, distribution, vendor, contract manufacturer and
            other stakeholders in taking proper decision relevant to VAT & Tax complying with taxation law.

  • »   Assistant Manager, Finance & Accounts
         Cosmic Chemical industries Ltd., I/21, Block K, Section 2, Rupnagar I/A, Mirpur, Dhaka 1216
    • 1.   Prepare Budget and implement Budgetary Control.

    • 2.   Preparation of Bank Reconciliation Statement; Fund Management and smooth payments to local suppliers.

    • 3.   Analysis of production cost, Costing and pricing of new products, Control and monitoring of financial
            affairs.

    • 4.   Prepare financial statements i.e. T/R, Income Statement, B/S, CF Statement with explanation and
            suggestions.

    • 5.   Analysis of financials, Develop financial tools to evaluate company's performance and identify areas for
            growth and improvement.

    • 6.   Deal with Taxation, BOI, and Joint Stock Register of Companies.

    • 7.   Solve other statutory requirements like Income Tax and VAT related matters, Preparation of Return,
            Appear before VAT & Tax Authority, Commissioner of Taxes (Appeal) and Appellate Tribunal for pursuing
            Appeal matters etc.

    • 8.   Facilitate all process of commercial activities like import document, L/C matters, Deal with C&F Agent,
            Banking correspondence, Bank Loan Management etc.

    • 9.   Play a key role in the implementation of new policy and modification of existing system if and when
            necessary.

  • »   Accounts Officer, Accounts Dept.
           Akij Group, Akij Chamber, 73, Dilkusha C/A, Dhaka-1000
    • 1.   Keep accounts and maintain financial transactions.
    • 2.   Assist in preparation of financial statements and basic accounts.
    • 3.   Preparation of Bank book, Ledger book and Bank Reconciliation Statement.
    • 4.   Help in product costing.
    • 5.   Drafting official documents, letters etc; maintaining various office filing system.
    • 6.   Other accounts related tasks if and when necessary.

Academic Qualification

  • »   MBA, Finance & Banking, University of Dhaka, 2002
  • »   BBA, Finance & Banking, University of Dhaka, 2000

Professional Qualification

  • »   Executive Course on VAT, CTTR, Dhanmondi, Dhaka, Feb 12-18, 2011
         [Topics Covered: VAT System in BD, VAT Network, VAT Act & Rules, Tax Base, Input-Output Coefficient,
         VAT at various stages etc]
  • »   Corporate & Personal Income Tax Issues, Bdjobs, Dhaka, 8 Sept, 2010
         [Topics Covered: Various Laws & Practice of Corporate and Personal Income Tax in Bangladesh
  • »   Proper L/C Procedure for Import & Export Operations, DCCI Business Inst, Dhaka, May 29-31, 2009
         [Topics Covered: L/C Operation & Settlement Mechanism, International Trade Policy, Scrutiny
         Lodgement, Export Policy etc.
  • »   Tally -version ees 6.3, BITS Solutions Ltd, Dhaka, Sept-Oct, 2005
         [Topics Covered: Accounting & Inventory Management Software

S. M. Shahed Hossen
VAT Consultant