Value Added Tax (VAT) has been implemented in Gulf Cooperation Council (GCC) from 1 st January 2018 after all the six member countries provided their confirmation. It will be imperative for businesses to comply with the VAT regulations and they will require skilled candidates knowledgeable on VAT concepts and its implementation for smooth transition.

 

To make you VAT-ready, Commerce Academy is launching a certification that will prepare you on the VAT concepts and its implementation on Tally.ERP 9 in compliance with GCC norms.

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This course, from the house of Commerce Academy, is a comprehensive course to understand the concepts of GCC VAT and its application using Tally.ERP 9. It makes the candidates to experience the simplicity of working on Tally.ERP 9 software. This course is highly recommended for working professionals to update themselves with GCC VAT compliance and candidates who aspire to build a successful career in Finance and Accounts or as entrepreneurs in GCC region. On completion of this course candidate will be equipped with knowledge and skills necessary for ensuring VAT compliance.

 

Key Highlights

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• Understand VAT system in GCC Countries.

• Learn to manage different types of VAT supplies like; zero rated, exempt & taxable.

• Printing of VAT invoice.

• Managing of exports and imports within and outside GCC countries.Accounting of advance receipts.

• Accounting of purchase of capital goods.

• Accounting of supply on profit margin.

• Maintaining inclusive of tax transactions.

• Filing of VAT returns.