Analysis of taxation policy at Purwanchal Polymer Acrylic

Citation

Rijal, Mausham. (2020). Analysis of taxation policy at Purwanchal Polymer Acrylic. (Cooperative Education). Bangkok: Siam University.

Abstract

This Cooperative report entitled “Analysis of taxation policy at Purwanchal Polymer Acrylic” has the goal to teach taxation rules and of Nepal under paint manufacturing company. The objective of the study includes: (1) To learn tax submission procedure in Nepal, (2) to study the different types of tax implement under paint manufacturing company, (3) to analyze the tax accounting procedure, (4) to gain the knowledge of tax deduction procedure. With the company, I was assigned to work with the accountant as an intern. Responsibilities included maintain sale book, purchase book, VAT purchase and sales, creditor and debtor’s book, Stock book and maintain records of those entries through the computer using tally software. These are the regular work that I performed throughout the intern and also through the intern; I got a chance to involve in intern and external auditing which make me familiar with the taxation concept. It was also understood that the theories learned in the classroom do not always get implied as it states. The practical environment is subject to other external factors as well while complementing the theories. Upon the completion of the internship, it is found that the problem was resolved through self-learning and understanding the core of the problem and then via the guidance of supervisors, solving them. In this matter, I can learn more about social and communication skills, accounting skills, and work ethics which are very important for future career development and profession.

Keywords:  Tax accounting, VAT purchase, and sales, Tax deduction, Taxation rules.

Analysis of taxation policy at Purwanchal Polymer Acrylic

Faculty of Business Administration, Siam University, Bangkok, Thailand