Analysis of VAT-Tax- payment system of CEAT Bangladesh Limited
AuthorKhan, MD. Barkat Sadique
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This report provides an analysis of entire tyre market of Bangladesh perspective of CEATBangladesh Limited. CEAT Bangladesh Limited turning to establish themselves as a leading brand, currently they arein growth position. In Bangladesh mostly focused on truck-bus tyre segment. At present CEAT’splacement expend to five different region likes- Dhaka, Bogra, Chittagong, Sylhet, Jossore.Mother warehouse located at Chittagong, main distribution operating from there. CEAT Bangladesh Limited is a valued corporate taxpayer of National Board of Revenue (NBR). It manages a competent system of TAX and VAT payment under the direct surveillance of the Head of Finance and Accounts Division. As an intern of Finance of Accounts Division (F&AD), Warehouse, I was assigned by my official supervisor to work in the TAX-VAT sector. So my access to the whole TAXVAT determining and paying system was not slim. My site supervisor assigned me to aid in the day to day operation of the TAX-VAT sector and also to reorganize the filing system of the whole Finance & Accounts Division. Everything I was assigned to do was knowledgeable, interesting and moreover practical. I have got the essence of the real picture of corporate world and therefore it contributed heavily to my experience of the real scenario of the economy of Bangladesh. For reader’s information, this report consists of three parts. The first part describes the details of the organization with its history of establishment and the structure of the board and the Finance and Accounts Division. The second part is all about my day to day tasks and coursework. The whole TAX-VAT payment system and some pointers generated by me to improve efficiency of the system are laid in the last part.