DRC VAT Training CAs Day 1-2

Online Training session on Organized by :
Value Added Tax (VAT) and Its Practical Aspects

Dhaka Regional Committee (DRC)
For CA Students (1st Batch)
DRC VAT Training Course Outline for CA Students (8days @ 2.00Hrs =

16Hrs)
Day Topics
Basic of VAT, Definitions, Easy way to know VAT laws,
Day 1 Schedules (1,2,3), SROs, Special orders, General orders,
Explanations & Letters, Forms, VAT mechanism, Duty calculation
VAT Registration / Enlistment,
Day 2
Cancellation of Registration / Enlistment , General Order -17
Imposition & Collection of VAT, , Imposition & Collection of
Day 3 Turnover Tax, Supplementary Duty, Excise Duty, Advance Tax
payment, Adjustment & Refund, Adjustment of SD
Assessment of Net Payable Tax, Adjustment, Refund, Carry
Day 4
forward
Book Keeping, Preparation & Filing of VAT Return and Discussion
Day 5
on Important Forms
VAT Deducted at Source (VDS), Monetary Penalty, Offence, Trial,
Day 6
Punishment
Day 7 Tax Determination, VAT Authority, Audit and Investigation
Recovery of Arrear Tax, Appeal, Tribunal, Revision, ADR, VAT
Day 8
Consultant
Resource Person: Rtn. Md. Anwaruzzaman FCA, [VAT Agent & VAT Consultant]
Partner, Rahman Mostafa Alam & Co., Mobile : 01914284705; Email: mazamanrma@gmail.com
DRC VAT Training Course for CA Students (8days @ 2.50Hrs = 20Hrs)

Day Topics
Preliminary Discussion on VAT
Detailed discussion on Most Important Definitions
Mapping of VAT ACT & Rules ( Section & Rules) for easy understanding
Easy way to find the applicable rates (exempted, 0%, 5%, 7.5%, 10%, 15%,
Day 1: Basic of VAT, specific rate /amount)
Definitions, Easy way to VAT Schedules (1, 2,3)
know VAT laws, Basic VAT Exemption SROs
Schedules (1,2,3), SROs, SROs
Special orders, General
Special Orders
orders, Explanations &
General Orders
Letters, Forms , VAT
mechanism, Duty Explanations & Letters
calculation Forms
Calculation of Duty at import stage with Example (Math)
VAT Mechanism/ Flowchart with Example (Math)
Practical Tips
Questions and Answers
VAT Registration / Enlistment (General Registration, Mandatory Registration,
Voluntary Registration, Suo moto Registration by NBR, Central and Unit VAT
Registration)
Procedures for Cancellation of Registration / Enlistment
Responsiblity to Display VAT Registration/ Enlistment Certificate
Responsiblity for informing the authority for Changes of Information
Informing the authority for Changes of Information (Mushak 2.4)
Day 2 : Registration / General Order -17/Mushak/2019 (Area of VAT)
Enlistment, Cancellation
Online VAT Registration/ Enlistment (Form-2.1),
of Registration /
VAT Registration Certificate (Form-2.3),
Enlistment , General
Order -17, Application for Temporary Suspension/Cancellation of VAT Registration /
Enlistment (Mushak 2.4)
VAT Registration Certificate (Form-2.3),
Application for Temporary Suspension/Cancellation of VAT Registration /
Enlistment (Mushak 2.4)
Central Registration Rules, GO 21/ 2019
Practical Tips
Day 3 : Imposition & Imposition of VAT
Collection of VAT, Imported services reverse charge to recipient
Imposition & Collection Zero rated supplies
of Turnover Tax, Exempted supplies / exempted imports
Supplimentary Duty, Manner of VAT Collection (Determination value of taxable imports/ supplies ,
Excise Duty, Advance Calculation of VAT, Time of payment of VAT)
Tax payment, Advance Tax (AT) Payment , Adjustment and Refund
Adjustment & Refund, Application for Refund of AT paid at import stage (Mushak 4.1)
Adjustment of SD Imposition and Collection of Supplimentary Duty (SD)
Imposition and Collection of Turnover Tax
Excise Duty
Application for Adjustment of Supplimentary Duty (Mushak 7.1)
General order 25/ 2019
Practical Tips
Assessment of Net Payable Tax, Input / partial input tax credit,
Adjustments, increasing adjustments by withholding entity for VDS,
decreasing adjustments by supplier for VDS.
Filing of VAT Return, Late filing of return (Mushak 9.3), Amendments to return
(Mushak 9.4),
Day 4 : Assessment of Filing of complete, additional or alternative returns
Net Payable Tax, Carry forward of negative net amount and refunds
Adjustment, Refund,
Refunds without carry forward of negative net amount
Carry forward, Penalty,
Refund / Adjustments of taxes paid in excess
Offence, Trial,
Punishment Procedures for VAT clearance certificate and Issuance of VAT Clearance
certificate (Mushak 18.4)
Correction of clerical mistakes, etc
Certified copy of documents
Practical Tips
Maintenance of Tax Invoice & Other documents
Maintenance of Form, Notice & Records
Declaration of Input-Output Coefficient (Mushak 4.1)
Maintenance of Purchases Book (Mushak 6.1)
Maintenance of Sales Book (Mushak 6.2)
Day 5 : Book Keeping , Maintenance of Purchases - Sales Book (Mushak 6.2.1)
Preparation & Filing How to prepare VAT Invoice (Mushak 6.3)
of VAT Return and How to prepare VAT Invoice for Contractual Production (Mushak 6.4)
Discussion on important How to prepare VAT Invoice for Goods Transfer to units of Centrally registered
Forms entity (Mushak 6.5)
How to prepare Credit Note (Mushak 6.7)
How to prepare Debit Note (Mushak 6.8)
How to prepare Turnover Tax Invoice (Mushak 6.9)
Preparation & Submission of VAT Return (Mushak 9.1)
Discussion on Turnover Tax Return (Mushak 9.2)
Application for VAT Consultant License (Mushak 18.1)

Application for VAT Clearance Certificate (Mushak 18.3)
Practical Tips
VAT Deduction and Collection at Source Rules, 2021
Withholding Entity
Procurement Provider
Circumstances where VAT has to be deducted at source
VAT deduction at source in case of procurement provider
The instances where VAT is not to be deducted at source
Responsibility of withholding entity
Responsibility of Supplier
How to deposit VDS through Treasury Challan
Imposition of monetary penalty for non-compliances or irregularities
Day 6 : VAT Deducted at Offences relating to VAT Registration certificate or turnover tax certificate and
Source (VDS), Monetary tax invoice, and punishment
Penalty, Offence, Trial, Offence and punishment relating to false or misleading statement or
Punishment description
Offence and punishment for obstructions
Investigation, trial and appeal of the offence
Additional power of the Judicial Magistrate or the Metroplitan Magistrate
Offence committed by any company, AOP or property development joint
venture
Compoundability of the offences
Fine additional to the tax payable
Imposition of Interest on payable tax
Practical Tips
Tax Determination
Tax Determination for False declaration by the recipient of of a supply
Tax Determination for False statement by Supplier
Grant of tax benefit or its negation, Admissibility of tax determination notice
VAT Authority & Officers
Day 7 : Tax Power of the Board to amend or alter an order or decision of VAT officer
Determination, VAT
Delegation of power
Authority, Audit and
Assistance to VAT officers
Investigation,
Power to enter and search by VAT officers
Seizure of goods and disposal thereof
Monetary limits of the VAT officers in initiating a proceeding for adjudication
Power to Summons
Powers and functions of the Custom officers
Audit and Investigation of a taxpayer's economic activities

Powers of the VAT Officers
Supervised supply, observation & surveillance
Multiple departmental audits
Special Audit
Practical Tips
Recovery of arrear tax
Power of VAT officer under the code of civil procedure
Change in jurisdiction for recovery of arrear tax
Disposal of money or security recovered
Govt lien on the immoveable property of the defaulting taxpayer and
attachment thereof
Seizure of goods, sale of such goods and disposal of the sale proceeds thereof
Liability of directors or entrepreneurs
Continuity of partnerships or unincorporated associations
Day 8: Recovery of Death or Insolvency of a taxpayer
Arrear Tax, Appeal, Payment of arrear tax by installments
Tribunal, Revision, ADR, Appeal to Commissioner
AT Consultant, VAT Appeal to Appellate Tribunal
Agent Revision by High Court Division
Bar to lodgement of suits in the court
Alternate dispute resoulation (ADR) Procedures, (Mushak 17.1)
Abettor of offence
Prior approval before filing a case
Procedures of Appointment of VAT Consultant & Application for VAT
Consultant License (Mushak 18.1), Mushak 18.2
Responsibilities and offence & penalty of VAT Consultant
Practical Tips
Welcome
To
DRC VAT Training for Students

(Day 1-2)
Presented By:
Rtn. Md. Anwaruzzaman FCA
VAT Agent & VAT Consultant
&
Partner
Rahman Mostafa Alam & Co.
Chartered Accountants
Mobile : 01914-284705
Email : mazamanrma@gmail.com
Topics to be covered:
DAY SL Particulars
1 Preliminary Discussion on VAT
2 Most Important Definitions
3 Mapping of VAT ACT & Rules (Section & Rules) for easy
understanding
4 Easy way to find the applicable rates (exempted, 0%, 5%, 7.5%,
10%, 15%, specific rate /amount)
5 VAT Schedules (1, 2,3)
Day 1 -2 : 6 Basic VAT Exemption SROs
7 General Order -17/Mushak/2019 (Area of VAT)
Basic of VAT, 8 VAT Registration / Enlistment (General Registration, Mandatory
Definitions, Easy Registration, Voluntary Registration, Suo moto Registration by
way to know VAT
NBR, Central and Unit VAT Registration)
laws, Registration
/ Enlistment, 9 Cancellation of Registration / Enlistment
Cancellation of 10 Responsibility to Display VAT Registration/ Enlistment Certificate
Registration / 11 Responsibility for informing the authority for Changes of
Enlistment Information
12 Informing the authority for Changes of Information (Mushak 2.4)
13 Online VAT Registration/ Enlistment (Form-2.1),
14 VAT Registration Certificate (Form-2.3),
15 Application for Temporary Suspension/Cancellation of VAT
Registration / Enlistment (Mushak 2.4)
Practical Tips
Previous VAT Laws :

1. Value Added Tax Act, 1991 (Section : 73)
2. Value Added Tax Rules, 1991 (Rules : 43)
3. SRO, GO, SO and Explanation & Letter
4. Forms (35)
Transition to New VAT Laws :
1. Value Added Tax and Supplementary Duty Act, 2012

Enacted by Act No. 47 of 2012
Effective from 01 July 2019
( as per SRO No.-168-AIN/2019/25-Mushak)
2. Value Added Tax and Supplementary Duty Rules, 2016

Formulates through : SRO No. -333-AIN/2016/1-Mushak
Effective of from 01 July 2019
( as per SRO No.- 169-AIN/2019/26-Mushak)
3. Repeal of : Value Added Tax Act, 1991 (Act No.22 of 1991) &
Value Added Tax Rules, 1991
( as per SRO No.- 170-AIN/2019/27-Mushak)
4. Directives to do in Transitional period

( as per GO No.- 03/Mushak/2019)
New VAT Laws :
1. Value Added Tax and Supplementary Duty Act, 2012

(Section : 139)
2. Value Added Tax and Supplementary Duty Rules,
2016 (Rules : 119)
3. SRO, GO, SO and Explanation & Letter
4. Forms (75)
Stages of VAT Imposition :
1. Import Stage
2. Manufacturing Stage
3. Trading / Supply Stage
2. Mapping of New Act

1. Act (Section 01 to 139) 2. Rules (Rule 01 to 119)
SL Description Section Chapter Description Rules
1 Preliminary 1 to 3 One Preliminary 1 to 2
2 VAT Registration and 4 to 14 Two VAT Registration and 3 to 15

Turnover Tax Enlistment under
Enlistment Turnover Tax
3 Imposition of VAT 15 to 26 Three Imposition of VAT: VAT 16 to 18A
Agent, Travel Agent and
Tour Operator
4 Manner of VAT 27 to 44 Four VAT Collection Method 19to 24
collection
5 Assessment of Net 45 to 50 Five Determination and 25 to 39
payable tax by the Payment procedure of
taxpayer and Payment Net tax by the taxpayer,
thereof Tax deduction at
source and Adjustment
6 Tax Invoices and 51 to 54 Six Accounting of Value 40 to 44

Other Document Added Tax and
Turnover Tax
7 Imposition and 55 to 62 Seven Adjustment of 45

Collection of Supplementary Duty
supplementary duty
8 Imposition and 63 Eight Adjustment of Turnover 46

Collection of turnover Tax
tax
9 Filing of Return and 64 to 67 Nine Submission of Return 47 to 51
Amendments thereto and Corrections
10 Carry forward of 68 to 72 Ten Brought forward and 52 to 57
Negative Net amount Refund of Negative Net
and Refunds amount
11 Tax Determination by 73 to 77 Eleven Tax Determination by 57A to 58
the Commissioner the Commissioner:
Negation of Tax
Advantage
12 Value Added Tax 78 to 89A Twelve Value Added Tax 59 to 65
Authority Authority
13 Audit and 90 to 94 Thirteen Audit and Investigation 66 to 67

Investigation
14 Recovery of Arrear Tax 95 to 106 Fourteen Realization of 68 to 94
Outstanding Taxes
15 Maintenance of Forms, 107 to 110 Fifteen Forms, Notices, and 95
Notices, and Records Preservation of Records
16 Offence, Trial and 111 to 120 Sixteen Offence, Trial and 96 to 97
Punishment Punishment
17 Appeals and Revisions 121 to 125 Seventeen Appeals and Revision 98 to 108
18 Miscellaneous 126 to 139 Eighteen Miscellaneous 109 To 119
3. Schedules:
1. First Schedule (Goods and Services - Exemptions for all stages)
2. Second Schedule (Goods and Services subject to Supplementary Duty)
3. Third Schedule (Goods and Services subject to VAT)
First Schedule (Exemptions for all stages) [Section – 26]

a. First Part (VAT exempted goods)
b. Second Part (VAT exempted Services)
Second Schedule (Goods and Services subject to Supplementary Duty)

[Section – 55]
Table-1: Goods subject to Supplementary Duty at Import Stage
Table-2: Goods subject to Supplementary Duty at Supply Stage
Table-3: Supplementary Duty Imposable Services at Supply Stage
Third Schedule (Goods and Services subject to Value Added Tax)

[Section – 15]
Table-1 (Part A): VAT Imposable Goods (5%)
Table-1 (Part B): VAT Imposable Service (5%)
Table-2 (Part A): VAT Imposable Goods (7.5%)
Table-2 (Part B): VAT Imposable Service (7.5%)
Table-3 (Part A): VAT Imposable Goods (10%)
Table- 3(Part B): VAT Imposable Service (10%)
Table-4 (Part A): VAT Imposable Goods (Specific Amount of VAT)
Table- 4(Part B): VAT Imposable Service (Specific Amount of VAT)
VAT for Local Trading Stage : Others 5%

1. Medicine : 2.4%
2. Diesel, Kerosine, Octane, Petrol, Furnace Oil and LPG: 2%
Land developer :
3. 2% : Land Developer
Real Estate :
4. 2% : 1-1600 Square Feet
5. 4.5% : Above 1600 Square Feet
6. 2% : For Re-registration for any size
Standard Rate of VAT Imposable Goods and Services : 15% [Sect-15(3)]
Turnover Tax : 4% [Sec-63]

Any other VAT Imposable Goods and Services: 15% [Sect-15(3)]
Zero rated VAT : 1. Sec-21 : Zero-rated supplies

2. Sec-22 : Land outside Bangladesh
3. Sec-23 : Supply of goods for export.
4. Sec-24 : Supply Supplies of zero- rated services.
Advance Tax (AT) on Import : [Sec-31]
for Manufacturer : 3% (AT)

for others : 5% (AT)
SRO for VAT Exemption : (for 1 or 2 Stage)
i. Table -1: Import Stage (Goods)

ii. Table -2: Import & Manufacturing Stage (Goods)
iii. Table -3: Manufacturing Stage (Goods)
iv. Table -4: Service Stage
v. Table -5: Trading Stage (Goods)
Exemption SRO : 141-AIN /2021/138-Mushak

SRO : 144-AIN /2020/105-Mushak
SRO : 172-AIN /2019/29-Mushak
VDS SRO : SRO No. 240-AIN/2021/163-Mushak
SRO : 149-AIN/2020/110-Mushak
SRO No. 235-AIN/2019/71-Mushak
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Important Definitions (Section 2)
(5) "money" means any existing legal tender of Bangladesh or of any other country, and also
includes the following instruments, namely—
(a) negotiable instrument;
(b) bill of exchange, promissory note, bank draft, postal order, money order or any other
similar instrument;
(c) credit card or debit card; or
(d) any supply made through account credit or debit;
(6) "economic activity" means any activity carried on regularly or continuously for making supply
of any goods, services or immovable property, and
(a) also includes the following activities, namely-
(i) any business, profession, vocation, means of earning livelihood, manufacture or

undertaking of any kind, whether or not for profit;
(ii) Supply of any goods, service or property made under any lease, license, or a similar
arrangement,
(iii) any one-off initiative in the nature of a commercial activity or enterprise; or
(iv) any activity carried out at the beginning or at the end of such an activity; but
(b) shall not include the following activities, namely-
(i) any service rendered by an employee to his employer;
(ii) any service rendered by any director of a company: provided that the services rendered
by a director, who holds the office of the directorship for the purposes of the business of the
company, shall be regarded as an economic activity;
(iii) any recreational pursuit or hobby carried on a non-commercial basis; or
(iv) any prescribed activity carried on by the Government without any commercial motive;
(8) "advance tax" means any tax payable in advance under section 31(2) on a taxable import;
(10) "progressive or periodic supply" means any supply made under the condition of progressive
or periodic payment of money under any agreement or lease or hire of license (including finance
lease);
(15) "resident" means an individual who-
(a) normally lives in Bangladesh; or
(b) stays in Bangladesh for more than 182 (one hundred and eighty-two) days in a current calendar
year; or
(c) stays in Bangladesh for more than 90 (ninety) days in a calendar year and stayed in Bangladesh
for more than 365 (three hundred and sixty-five) days during the four immediately preceding
calendar years; and also includes the following entity, namely—
(i) a company, if it is incorporated under the prevalent laws of Bangladesh or its centre of
control and management is in Bangladesh;
(ii) a Trust , if a Trustee thereof is a resident of Bangladesh or the centre of control and
management of the Trust is in Bangladesh;
(iii) an association of persons other than a Trust , if it is formed in Bangladesh or its centre of
control and management is in Bangladesh;
(iv) all government entities; or
(v) a property development joint venture;
(16) "import" means bringing in any goods from outside to within the geographical boundary of
Bangladesh;
(17) "imported service" means service supplied from outside Bangladesh;
(18A) "inputs" means all types of raw-materials, laboratory reagent, laboratory equipment,
laboratory accessories, any substance used as fuel, packing material, service, machinery and spares;
but the following goods and services shall not be considered as inputs, viz:-
(a) labour, land, structure, office equipment and fixture, construction, balancing,
modernization, replacement, expansion, repair and renovation of any building or structure or
establishment;
(b) purchase and repair of all kinds of furniture, office supply, stationary items, refrigerator
and freezer, air conditioner, fan, lighting equipment and generator;
(c) Interior design, architectural plan and drawing;
(d) Rent or lease of vehicles;
(e) Travel, entertainment, staff welfare, development works and goods and services related to
these;
(f) Rent of premises, office, show-room or similar place of business establishments in

whatever name it be called;
Provided that goods imported, purchased, acquired or collected in any other means for the purpose
of sale, exchange or handover in any other way shall be considered as “inputs” in the case of conduct
of business by a “trader” mentioned in paragraph (3) of the Third Schedule of this Act;
(19) "input tax" means the value added tax (excepting Advance Tax) paid by any registered person
at import stage against imported goods and services as inputs and Value Added Tax paid against
goods or services purchased or collected from local sources as inputs;
(20) "output tax" means the value added tax payable by any registered person for the following
activities, namely— (a) supply of any taxable goods, service or property by such person; or (b)
import of any taxable service by such person;
(21) "withholding entity" means-
(a) a government entity;
(b) a non-government organization approved by the NGO Affairs Bureau or the Directorate-
General of Social Welfare;
(c) a bank, insurance company or a similar financial institution;
(d) an educational institution of secondary or above level; or
(e) a limited company;
(24) "tax" means VAT, turnover tax, supplementary duty, and shall, in relation to realization of
arrears, also include any interest, monetary penalty or fine;
(25) "tax invoice" means a document issued by any supplier under section 51;
(28) "tax determination" means a determination of tax by appropriate officer under chapter eleven;
(29) "tax fraction" means the amount of money arrived at in accordance with the following formula:
𝑅𝑅
100 + 𝑅𝑅
where R is the VAT rate specified in section 15(3);
(30) "tax period" means- (a) in relation to VAT and supplementary duty, one month of the Christian
Calendar; or (b) in relation to turnover tax, every three- month- period ending on 31 March, 30 June,
30 September or 31 December;
(33) "tax rate" means, depending on the context,—
(a) VAT rate specified in section 15(3);
(b) supplementary duty rate specified in section 55(4); or
(c) turnover tax rate specified in section 63(1);

(35) "proceeding" means any proceeding or activity undertaken by concerned officer under this Act,
but does not include any activity relating to offence mentioned in Chapter Sixteenth;
(37) "central unit" means where all the accounts and records are administered and preserved
centrally relating to the supply of economic activities of identical or similar goods or any service of
both;
(39) "credit note" means a document issued by a taxpayer in support of a decreasing adjustment;
(41) " penalty" means a monetary penalty imposed by a VAT Officer under section 85, but does not
include a fine imposed by a court of Law on the trial of an offence;
(42) "turnover" means, in relation to a person, all the money received or receivable by such person
within a prescribed time or tax period against the supply of taxable goods or the rendering of taxable
services manufactured, imported or purchased by means of his economic activities;
(44) "debit note" means a document issued by a taxpayer in support of an increasing adjustment;
(48) "enlistment threshold" means the limit of Taka 50 (fifty) lakh as turnover of an economic
activity of any person in a 12 (twelve)- month- period, but does not include the following, namely- (a)
the value of an exempted supply; (b) the value of sale of a capital asset; (c) the value of a sale of an
organization of economic activities or any portion thereof; or (d) the value of a supply made as a
consequence of permanently closing down an economic activity;
(52) "fixed place" means any of the following places at or through which economic activities inside
or outside Bangladesh are carried on, namely— (a) a place of management; (b) a branch, an office, a
factory, or a workshop; (c) a mine, a gas well, a quarry for extraction of stones or any other similar
mineral resource; or (d) a location of any construction or installation project;
(57) "registration threshold" means the limit of Taka 3 (three) crore as turnover of an economic
activity of any person in a 12 (twelve)- month- period, but does not include the following, namely- (a)
the value of an exempted supply; (b) the value of sale of a capital asset; (c) the value of a sale of an
organization of economic activities or any portion thereof; (d) the value of a supply made as a
consequence of permanently closing down an economic activity;
Provided that, this registration threshold shall not apply while registering any person under section
4, sub-section (2) Claus (Gha)
(58) "fair market price" means—
(a) the consideration for a supply arrived at on the basis of a normal relation between a buyer and a
seller, who are not associated with each other;
(b) if it is not possible to arrive at a fair market price as prescribed in clause (a) above, it would then
be the consideration of a similar supply made previously under similar circumstances;
(c) if it is not possible to arrive at a fair market price by the above means, it may be determined by
the Board on the basis of an objective approximation of considerations arrived at in the course of
normal business relations among buyers and sellers, who are not associated with one another;
(59) "consideration" means the money paid or payable, whether directly or indirectly, against a
supply, or the fair market price of a thing paid or payable in lieu of cash,— and also includes the
money realized or realizable on the following accounts, namely— (a) any tax imposed under this or
any other Act that is— (i) payable by the supplier on, or by reason of, a supply; and (ii) included in,
or added to, the price charged to the recipient ;
(b) any money realized as service charge; or (c) any money payable in relation to a loan agreement
under finance lease or hire purchase and included in the consideration for supply of goods under hire
purchase or finance lease; but does not include any discount in price given at the time of a supply;
(60) "goods" means, other than share or stock or security or money, all kinds of tangible movable
property;
(61) "Supply of goods" means— (a) the transfer of right of goods through sale, exchange, or sale
otherwise; or (b) giving the right to use the goods on lease, rent, installment, hire purchase or by any
other means and it also includes the sale of goods under finance lease;
(62) "deemed export" would mean to include one or more of the following supplies, namely— (a)
supply of any good or service in a prescribed manner against foreign exchange and destined for
consumption outside Bangladesh; (b) supply of any good or service within the territory of
Bangladesh, against foreign exchange, in prescribed method, through an international tender; or (c)
supply of any goods or service within the territory of Bangladesh, against foreign exchange, in
prescribed method, under cover of a local letter of credit;
(65) "manufacturing" means—
(a) transforming or reshaping of any substance by processing individually or in combination with

any other substance, material or components of production for changing, transforming or reshaping
it into a different specific substance or goods so that it becomes useable differently or specifically;
(b) any incidental or related processes required to complete the production of goods;
(c) any printing, publication, lithography or engraving processes;
(d) any assembling, mixing, cutting, liquefaction, bottling, packaging or repackaging; or
(e) all processes adopted for production or manufacture of goods, including intermediary or an
incomplete process;
(71) "increasing adjustment" means any of the following adjustments, namely- (a) an increasing
adjustment in respect of withholding tax; (b) an increasing adjustment required for an annual re-
calculation; (c) an increasing adjustment if a payment is not made through banking channels; (d) an
increasing adjustment for goods put to a private use; (e) an increasing adjustment on being
registered; (f) an increasing adjustment on cancellation of registration; (g) an increasing adjustment
for a change in the VAT rate; (gg) increasing adjustments for less tax payment in prior tax period (h)
an increasing adjustment for the payment of any interest, monetary penalty, fine, fee, etc; or (i) any
other prescribed increasing adjustment;
(74) "person" means any natural person , and also includes the following entities, namely— (a) a
company; (b) an association of persons; (c) a government entity; (d) a foreign government or a
department designated or any official appointed by it; (e) an inter-state or international
organization; or (f) a joint venture for property development or any other similar initiative; or (g)
other business organization;
(76) "business identification number" means a unique business identification number mentioned
in the VAT registration certificate or turnover tax certificate issued to a registered or enlisted person;
(82) "export" means any supply from inside to outside the geographical limits of Bangladesh, and
also includes a deemed export;
(86) "zero-rated supply" means any supply specified as zero-rated in section 21;
(87) "adjustment event" means any of the following events, namely— (a) cancellation of any
supply; (b) alteration of the consideration for any supply; (c) return of any supplied good, in part or
in full, to the supplier; (d) conversion of a supply into a zero-rated or an exempted one as a result of
an alteration in the nature of such supply; or (e) any other prescribed event;
(92) "withholding certificate" means a document specified in section 53;
(94) "supply" means any supply, and it also includes the following namely— (a) a supply of goods;
(b) a supply of immoveable property; (c) a supply of services; or (d) a combination of the supplies of
the above clauses (a) (b) and (c);
(96) "time of supply" means— (a) in relation to supply of goods, the time when the possession of
the goods are conferred or they are removed; (b) in relation to supply of services, the time when the
services are rendered, generated, transferred or assigned; or (c) in relation to supply of any
immovable property, the time when the property is delivered or created or transferred or assigned;
(98) "second-hand good" means such a good as has been used before, but does not include any
precious metals or any good made out of such precious metal (such as: gold, silver, platinum or any
other similar metal), and diamond, ruby, emerald or sapphire;
(99) "service" means any service but does not include any good, immovable property and money;
[SRO No. 186-AIN 2019 43-Mushak : Area of Service; SRO No. 160-AIN/2021/157-Mushak;
SRO No. 239-AIN/2021/162-Mushak]
(100) "supply of service" means such a supply as is not a supply of good, money, or immoveable
property, which, without prejudice to the generality, shall include the following, namely-- (a) a grant,
assignment, termination, or conferment of a right; (b) making a facility, an opportunity, or an
advantage available; (c) an agreement to perform an act, to refrain from performing an act or
accepting a situation or to tolerate an act or a situation; and (d) the issuance, transfer or conferment
of a license, permit, certificate, concession, authorization, or a similar right;
(101) "immovable property" means title or right on immovable property where irrespective of
whether land, or any building established on land or any structure permanently attached or
established on it or not;
(102) "supply of immovable property" means to include the following supplies (a) an interest in,
or right over, land; (b) a personal right consisting of an invitation to confer a right or interest on
land; (c) issuance of a license to occupy land including supply of residential accommodation or a
contractual right exercisable over, or in relation to, land;, (d) a right to acquire anything mentioned
in clauses (a) (b) and (c) or the option to exercise that right in future;
(103) "decreasing adjustment" means any of the following decreasing adjustments, Viz:— (a)
decreasing adjustment for the money paid as advance tax; (b) decreasing adjustment of tax deducted
at source against supply made by supplier; (c) decreasing adjustment applicable as a result of annual
re-calculation or audit; (d) decreasing adjustment for issuance of credit note; (e) decreasing
adjustment for input tax paid in case of export; (f) decreasing adjustment in case of decrease in VAT
rate; (g) decreasing adjustment claimed for a negative net amount carried forward from a previous
tax period; (h) decreasing adjustment for VAT overpaid in previous tax period; or (i) any other
prescribed decreasing adjustment.
(58) "fair market price" means—
(a) the consideration for a supply arrived at on the basis of a normal relation between a buyer and
a seller, who are not associated with each other;
(b) if it is not possible to arrive at a fair market price as prescribed in clause (a) above, it would then
be the consideration of a similar supply made previously under similar circumstances;
(c) if it is not possible to arrive at a fair market price by the above means, it may be determined by
the Board on the basis of an objective approximation of considerations arrived at in the course
of normal business relations among buyers and sellers, who are not associated with one another;
(10) "progressive or periodic supply" means any supply made under the condition of progressive
or periodic payment of money under any agreement or lease or hire of license (including finance
lease);
(78) "value" means— (a) the value of import specified in section 28 ; or (b) the value of supply
specified in section 32 :
Sec 28. Determination of value of taxable imports.—
The value of a taxable import shall be the summation of the following amounts‚ namely:— (a) the
value of the goods determined for the imposition of import duty under the Customs Act; and (b)
customs duty, supplementary duty, or other duties and taxes (other than advance tax and
advance income tax) payable on the import of the goods, if any.
Sec 32. Determination of value of taxable supply.—
(1) Subject to the provisions of this section, the value of a taxable supply shall be the
consideration for such supply, reduced by an amount equal to the tax fraction of that
consideration.
(2) The consideration for a taxable supply of an imported service shall be the price of the supply or
if the supplier and the recipient of the supply are related to each other, then fair market price.
(3) The value of a taxable supply a registered person makes to an associate shall be the fair market
price of such supply, reduced by the tax fraction of that price, if— (a) such supply is made for no
consideration, or for a consideration that is lower than the fair market price; and (b) such
associate would not be entitled to a credit for all of the input tax arising out of such supply.
(4) Unless otherwise specified, the value of a taxable supply without consideration shall be the
price arrived at by reducing tax fraction from the fair market price of the supply.
Rule- 2. Definition.
(c) “Turnover Tax Certificate” means the Turnover Tax Certificate issued in favor of any enlisted
person by the Commissioner under Sub-Section (2) of Section 10 or Section 12 of the Act;
(f) “Related Person” means two persons registered or enlisted under the Act, who holds a
minimum of 50 (fifty) percent shares of the same ownership;
(g) “Representative” means any representative nominated by the taxpayer through proper
procedure for performing any function on behalf of any registered or enlisted person
under the Act;
(kk) “Divisional Officer” means any such related officer who is appointed to the responsibility of
Value Added Tax Divisional Office, and an officer of such status of not below the rank of an
Assistant Commissioner of Value Added Tax Large Taxpayer Unit responsible for
performance of any activity of Divisional Officer;
(q) “VAT Registration Certificate” means the Value Added Tax registration certificate issued in
favor of any registered person by the Commissioner under Sub-Section (2) of Section (6),
Sub-Section (2) of Section 8 or Section 12 of the Act;
(qq) “Revenue Officer” means any Revenue Officer with the responsibility of local Value Added
Tax Office or of circle or of Value Added Tax Large Tax-Payers Unit;
(qqq) “Local Value Added Tax Office” means the office of Revenue Officer, Value Added Tax, any
branch under Value Added Tax Large Tax-Payers Unit placed under a Revenue Officer and
any other office determined by the Board by official gazette notification;
(r) “Accounts Officer” means Chief Accounts Officer, District Accounts Officer and Upazilla
Accounts Officer.
Let Say, Applicable VAT Rate 15% and Tax Rate 10%
Consideration = 115,000
then Tax Fraction will be = (15,000) [ 115,000x(5/115)]
Value of Supply = 100,000 [ Consideration less Tax Fraction]
VAT Amount= 15,000 Value of Supply X VAT Rate(%)

Tax Amount = 10,000 Value of Supply X Tax Rate(%)
Total Invoice Amount = 115,000 Consideration

Less : VAT Fraction amount = (15,000) Consideration x (R/100+R)
Value of Supply = 100,000 Consideration less Tax Fraction
Less : TDS Amount (10%) = (10,000) Value of Supply X Tax Rate(%)
Net Payment to Supplier 90,000 Value of Supply Less TDS amount
[Consideration x (R/100+R)] 10%

VAT Rate Value of VAT Value of Net Payment to
Consideration Tax Fraction TDS
(%) Supply Amount Supply Supplier
3= 5= 7 = 6 x Tax Rate
1 2 4 =(2+3) 6 = (4-5) 8 = (6-7)
(2x1%) (4/100+1)x 1 %
15 100,000 15,000 115,000 15,000 100,000 10,000 90,000
10 5,000 500 5,500 500 5,000 500 4,500
7.5 20,000 1,500 21,500 1,500 20,000 2,000 18,000
5 50,000 2,500 52,500 2,500 50,000 5,000 45,000
20% 10%
VAT Rate Value of Net Payment to
SD Value with SD VAT Amount Consideration TDS
(%) Supply Supplier
7 = 2 x Tax
1 2 3 = (2 X SD%) 4 = (2+3) 5 = 4 X 1% 6 = (4 + 5) 8 = (2-7)
Rate%
15 100,000 20,000 120,000 18,000 138,000 10,000 90,000
10 5,000 1,000 6,000 600 6,600 500 4,500
7.5 20,000 4,000 24,000 1,800 25,800 2,000 18,000
5 50,000 10,000 60,000 3,000 63,000 5,000 45,000
Calculation of Duty Incoterms : Inernational Commercial Terms
Examples : FOB = Free on Board

HS Code : 2105.00.00; CFR = Cost and Freight
Description : Ice Cream And Other Edible Ice, Whether Or Not Containing Cocoa CIF = Cost Insurance and Freight
FOB : $ 100,000; Freight : $5,000 ; Ex Rate : 85
Calculate : Supplementary Duty (SD) Assessable Value (AV) Custom Duty (CD) Regulatory Duty (RD)
Value Added Tax (VAT) Advance Income Tax (AIT) Advance Tax (AT) Landed cost of the consignment
Solution : Assessable Value (AV)

(Ref : Customs Valuation (Determination Of Value For '=[FOB value + Freight +Insurance (1% of FOB)+ Landing Charge(1% on CIF)] * Ex Rate
Imported Goods) Rules- 2000
'= [$100,000+$5,000+$(100,000)*1% +$(100,000+5,000+1,000)*1% ]* 85
'= $107,060.00*85
'= 9,100,100 (Taka) Note : Freight upto 20% of FOB
Applicable Tariff Rate (%) : as per First Schedule of Customs

CD SD VAT AIT RD AT
25 20 15 5 3 5
Particulars Basis Base Amount Rate Taka Taka

Assessable Value (AV) 9,100,100.00 9,100,100.00
Custom Duty (CD) AV 9,100,100.00 25% 2,275,025.00
Regulatory Duty (RD) AV 9,100,100.00 3% 273,003.00
Supplementary Duty (SD) AV+CD+RD 11,648,128.00 20% 2,329,625.60
8,132,043.38
Value Added Tax (VAT) AV+CD+RD+SD 13,977,753.60 15% 2,096,663.04
Advance Income Tax (AIT) AV 9,100,100.00 5% 455,005.00
Advance Tax (AT) AV+CD+RD+SD 13,977,753.60 5% 698,887.68
17,228,309.32 17,236,435.88
Manufacturer (15%) Trader (5%) Trader (15%)

Cost of Raw Materials for Manufacturer :
FOB ($100,000@Tk 86) 8,600,000 8,600,000 8,600,000
Freight ($5,000@Tk 86) 430,000 430,000 430,000
Insurance
C&F Expenses 91,001 91,001 91,001
Custom Duty (CD) 2,275,025 2,275,025 2,275,025
Regulatory Duty (RD) 273,003 273,003 273,003
Supplementary Duty (SD) 2,329,626 2,329,626 2,329,626
Value Added Tax (VAT) - 2,096,663 -
Advance Tax (AT) - - -
Local Transportation 50,000 50,000 50,000
14,048,655 16,145,318 14,048,655
Add: Addition of -Cost (40%, 10% ) 5,619,462 1,614,532 1,404,865
Add : Profit margin (30% , 10% on total cost) 5,900,435 1,775,985 1,545,352
25,568,551 19,535,834 16,998,872
VAT on Output 3,835,283 976,792 2,549,831
Sales Value 29,403,834 20,512,626 19,548,703
VAT on Input 2,096,663 - 2,096,663
VAT Payable after adjustment of Input VAT 1,738,620 976,792 453,168
Total VAT amount 3,835,283 3,073,455 2,549,831
Advance Tax (AT) 698,887.68

Advance Income Tax (AIT) 455,005.00
Standard Mechanism of VAT

Value of Value Addition Applicable Total Sales VAT Paid
Value of Applicable VAT levied Balance amount
Input VAT paid VAT Rate of Price / Payable
Consumer Processing Output / VAT Rate of on Output of VAT to be
(excluding Profit on Input Output/ (including at diff.
cost Sales Input / Sales paid
VAT) Sales VAT) Stage
A B C D E (B+C+D) F G (B X F) H I (E X H) J (E + I) K L
Importer (Manufacturer) 100 40 25 165 15% 15.00 15% 24.75 189.75 24.75 9.75
Wholesaler 165 10 10 185 15% 24.75 15% 27.75 212.75 3.00 3
Retailer 185 10 10 205 15% 27.75 15% 30.75 235.75 3.00 3
Final Consumer 205
60 45 30.75 30.75
Distorted Mechanism of VAT

Value of Value Addition Value of Applicable Applicable VAT levied Total VAT Paid /
Value of VAT paid on Balance amount
Consumer Input Processing VAT Rate VAT Rate on Output Sales Price Payable at diff.
VAT Profit Output / Sales Input of VAT to be paid
(excluding cost of Input of / Sales (including Stage
A B C C1 D E (B+C+C1+D) F G (B X F) H I (E X H) J (E + I) K L
Importer (Manufacturer) 100 40 25 165 15% 15.00 15% 24.75 189.75 24.75 9.75
Wholesaler 165 10 24.75 10 209.75 5% 10.49 220.24 10.49

Input VAT Rebate
Retailer 185 10 35.24 10 240.24 5% 12.01 252.25 12.01
not Allowed for
Final Consumer 240 reduced rated
60 45 47.25 47.25 goods or services
16.50
2. Vat Registration and Turnover Tax Enlistment

SL Particulars Section / Rules
1 Persons requiring to be VAT registered Sec - 4
2 Registration Sec – 5
3 Procedure of VAT registration Sec – 6
4 Publication and preservation of a list of registered persons Sec – 7
5 Voluntary VAT registration Sec – 8
6 Cancellation of VAT registration Sec – 9
7 Persons required to be enlisted and their enlistment Sec – 10
8 Cancellation of enlistment Sec – 11
9 Registration or enlistment, suo moto, of persons required to be Sec – 12
registered or enlisted
10 Responsibility of a registered or enlisted person to display Sec – 13
certificates
11 Responsibility of a registered or enlisted person to keep Sec – 14
informed of changes in information
13 Calculation of limit of registration or enlistment Rule 3
14 Application for registration and issuance of registration Rule 4
15 Application for enlistment and enlistment Rule 5
16 Voluntary registration Rule 6
17 Registration or enlistment done by the Divisional Officer on his own Rule 7
18 Cancellation of VAT registration Rule 8
19 Cancellation of Turnover Tax enlistment Rule 9
20 List of registered or enlisted persons Rule 10
21 Use of Business Identification Number Rule 11
22 Informing the changed information Rule 12
23 Change in place of business Rule 13
24 Duplicate of Registration Certificate or Enlistment Certificate Rule 14
24 Transitional registration or enlistment Rule 15
25 Uvb©Ifvi wbwe©‡k‡l g~j¨ ms‡hvRb Ki I m¤ú~iK kyé AvBb, 2012 Gi AvIZvq wbewÜZ General Order 17
nBevi j‡ÿ¨ w`K-wb‡`©kbv cÖ`vb|
26 VAT / Turnover Tax Registration Form Mushak – 2.1
27 VAT / Turnover Tax Registration Certificate Mushak – 2.3
28 Application for Temporary Suspension / Cancellation of VAT/ Mushak – 2.4
Turnover Tax Registration
29 Informing to Commissioner regarding the changes in Information Mushak – 2.5
or new addition of information after VAT / Turnover Tax
Registration
Sec 4. Persons requiring to be VAT registered.—
(1) Each following person shall become eligible for VAT registration from the first day of any month,
namely— (a) a person whose turnover exceeds the registration threshold within a 12 (twelve)-
month period closing at the end of the month preceding that month; or (b) a person whose estimated
turnover exceeds the registration threshold within the succeeding 12 (twelve) -month period
beginning at the start of the start of the preceding month.
(2) Notwithstanding anything contained in sub-section (1), every person carrying on the following
economic activities has to take VAT registration irrespective of turnover, if he — (a) supplies,
manufactures or imports goods or services subject to supplementary duty in Bangladesh; (b)
supplies goods or service or both by participating in any tender or against any agreement or work
order; (c) in engaged in the business of import-export; (d) is engaged in the economic activity
relating to the supply, manufacture or import any specific goods or service or in any specific
geographical area prescribed by the board.
Sec 5. Registration.—
(1) If any person preserves in the central unit all accounts, tax deposit and records of economic
activity relating to the supply of identical or similar goods or service or both from two or more
places, then, he may take one VAT registration in prescribed methods and conditions in the above
address of accounts maintenance:
Provided that in spite of the supply of identical or similar goods or services, if accounts, tax
deposit and records of economic activities of a unit is maintained separately, then it has to take separate
registration.
Provided further that the board may formulate rules for the purpose of taking central
registration and payment of tax.
[1. SRO No. 263-AIN/2019/79-Mushak

2. SRO No. 157-AIN/2021/154-Mushak
3. General Order No-21/Mushak/2019
4. General Order No-22/Mushak/2019]
1(A) Notwithstanding anything contained in sub-section (1), central registration will not be
applicable for the supply of tobacco products under the special schemes of section 58.
(2) Notwithstanding anything contained in sub-section (1), if any person conducts economic activity
relating to the supply of different goods or service from two or more places, then, he has to take
separate registration for each place.
(3) Exchange or movement of goods or service from one central unit to another unit of the person
registered under sub-section (1) shall not be considered as supply and consequently, there shall arise
no output tax liability or no input tax credit claim.
Sec 6. Procedure of VAT registration.—
(1) Every person required to be registered shall make, within such time, on such terms and in such
manner as may be prescribed, an application to the concerned officer for VAT registration.
(2) The concerned officer shall, after registering such person within such time, on such terms and in
such manner as may be prescribed, issue a VAT registration certificate containing a business
identification number.
(3) If the application under sub-section (1) is not made as required under law, the concerned officer
shall inform the matter in writing to the applicant in such manner as may be prescribed.
Sec 7. Publication and preservation of a list of registered persons.—
(1) The Board shall, from time to time, prepare, in such manner as may be prescribed, a list of
registered persons and publish, circulate and preserve such list.
(2) No person, whose name is not included in the published list, shall be considered a registered
person.
(3) Every person, whose name is included in such list, shall be treated as a person registered under
this Act.
Sec 8. Voluntary VAT registration.—
(1) If a person desires to be registered notwithstanding having the obligation to have registration
under section 4, he may voluntarily make an application to the concerned VAT Officer for VAT
registration within such time, on such terms and in such manner as may be prescribed.
(2) The concerned official shall, after registering such person within such time, on such terms and in
such manner as may be prescribed, issue a VAT registration certificate containing a business
identification number.
(3) Voluntarily registered person shall be obliged to comply with all the obligations under this Act
like any other registered person and voluntarily registered person shall not be entitled to apply for
cancellation of registration prior to expiration of one year from the date of registration.
Sec 9. Cancellation of VAT registration.—

(1) If a registered person refrains from carrying on his economic activities, he may make, within such
time, on such terms and in such manner as may be prescribed, an application to the concerned officer
for the cancellation of VAT registration.
(2) A person, who continues to make taxable supplies, but does not require to remain registered any
more, may, within such time, on such terms and in such manner as may be prescribed, may apply to
the concerned officer for the cancellation of his registration.
(3) The concerned officer may, within such time, on such terms and in such manner as may be
prescribed, cancel the VAT registration.
(4) If a registered person does not apply for the cancellation of VAT registration under sub-section
(1), and if it appears to the concerned officer, on appropriate enquiry, that the VAT registration of
such person is liable to be cancelled‚ he shall issue an order directing such person to make an
application for the cancellation of VAT registration; and if no such application is made in accordance
with such order‚ the concerned officer may‚ suo moto‚ cancel the VAT registration of such person.
(5) If, after the cancellation of a VAT registration of a person, it appears to the concerned officer that
such person is required to be enlisted‚ then he may‚ suo moto, or upon an application‚ enlist such
person as a turnover taxpayer.
(6) Where registration of a registered person is cancelled, he shall—
(a) without much delay, refrain from using or issuing any tax invoice and withholding certificate,
credit note, debit note, etc; and
(b) return the VAT registration certificate, and all certified copies thereof, to the concerned officer
within such time as may be prescribed, and pay the arrear taxes, and file a final VAT return.
(7) Upon obtaining online registration by any person, the concerned official:
(a) Shall conduct physical verification of the applicant’s address, existence and economic activities as
mentioned in the application form for registration and shall verify other information;
(b) Following verification, if the applicant’s address or existence is not found or important
information proves to be untrue, then the concerned official shall take necessary measures on such
terms and in such manner as may be prescribed for cancellation of registration of the concerned
person;
(c) Subject to receipt of such recommendation, the Commissioner, may, where applicable,
subsequent to giving an opportunity of providing self-defense to the person in question, cancel
registration and impose punitive measures before collection of any arrear taxes.
Sec 10. Persons required to be enlisted and their enlistment:—
(1) If a person, carrying on an economic activity, exceeds at the end of any quarter of a 12 (twelve) -
month-period, the enlistment threshold, but does not exceed the registration threshold, such person
shall make, within 30 (thirty) days from the end of such a quarter, on such terms and in such manner
as may be prescribed, an application to the concerned officer for enlistment as a turnover taxpayer.
(2) The concerned officer shall, after enlisting such person as a turnover taxpayer within such time,
on such terms and in such manner as may be prescribed, issue a turnover tax certificate containing a
business identification number.
Sec 11. Cancellation of enlistment.—
(1) Every enlisted person may make‚ within such time, on such terms and in such manner as may be
prescribed, an application to the concerned officer an application for the cancellation of an
enlistment for the following reasons‚ namely—
(a) if he ceases to carry on any economic activity;
(b) if the turnover of his economic activity remains below the enlistment threshold proportionately
for three consecutive tax periods.
(2) The concerned officer may, within such time, on such terms and in such manner as may be
prescribed, cancel the enlistment of such person.
(3) An application for VAT registration shall be treated as an application for the cancellation of an
enlistment‚ and the enlistment as a turnover taxpayer shall be deemed to have been cancelled on the
date immediately before the date on which the concerned officer issues the VAT registration
certificate.
(4) If any person does not make an application under sub-section (1) for the cancellation of
enlistment‚ the concerned officer may pass necessary orders after cancelling the enlistment of such
person within such time, and in such manner as may be prescribed.
Sec 12. Registration or enlistment, suo moto, of persons required to be registered or

enlisted.—
If, after proper enquiry, the concerned officer is satisfied that a person was required to be registered
or enlisted but failed to make an application for such registration or enlistment, the concerned officer
shall‚ suo moto‚ register such person for VAT or enlist him for turnover tax and issue the appropriate
certificate.
Sec 13. Responsibility of a registered or enlisted person to display certificates.—
Every registered or enlisted person shall display the VAT registration certificate or turnover tax
certificate, or a certified copy thereof, in such a fixed place of his economic activity as makes it easily
visible.
Sec 14. Responsibility of a registered or enlisted person to keep informed of changes in

information. —
Registered or enlisted person shall‚ in respect of any change of information in the following areas
relating to his economic activity‚ inform the concerned officer within such time and in such manner
as may be prescribed‚ namely—
(a) of a change in the name of such person or the type of business‚ including the name of the business
or any other commercial name;
(b) of a change in the address or any other contact details of such person;
(c) of a change in the places of his economic activity;
(d) of a change in information relating to any bank account of such person;

(e) of a change in the nature of one or more of the economic activities carried on by such person;
(f) of a change in ownership or partnership;
(g) of any other prescribed change.
Rule- VAT Registration and Turnover Tax Enlistment

Rule- 3. Calculation of limit of registration or enlistment.Subject to the provisions of Clauses
(48) and (57) of Section 2, the subject of crossing enlistment of registration threshold of any person
shall be determined considering together the overall economic activities of that person.
Rule- 4. Application for registration and issuance of registration.
(1) Each person who has obligation to take registration, prior to the passage of 15 (fifteen) days
from the day on which obligation for registration has been transpired shall submit application for
VAT registration to the concerned Divisional Officer in “Mushak-2.1” Form.
(2) To fulfill the purposes of Sub-Rule (1), application may be submitted to the following places,
viz:
(a) In online to the VAT online system of the Board;
(b) In any service center determined by customs, Excise and VAT Commissionerate or
Divisional Office convenient to the applicant;
(c) In any service center designated by the Board or by the respective Commissioner;
(d) In any fair conducted by the Board or by the respective Commissioner;
(e) In any other place designated by an order of the Board.
(3) In case of application under Clause (b) to (e) of Sub-Rule (2), the application has to be sent to
the VAT online system within the following working day of the submission of application.
(4) If the Divisional Officer finds it proper after primary verification of the information contained
in the application received, he will register him within 3 (three)working days and issue a Value
Added Tax Registration Certificate in favor of him in “VAT-2.3” Form containing a business
identification number:
Provided that, if the Divisional Officer finds information contained in the application received not
satisfactory with the Rules, he will notify the applicant mentioning the reasons specifically within
3(three) working days.
(5) (deleted as per SRO No. - 226)
(6) Notwithstanding anything contained in these Rules, for import or export of such persons
whose registration or enlistment is not obligatory under the Act, including tax refund under Section
71 and Sub-Section (4) of Section 31 of the Act, casual Business Identification Number can be given
with assistance from Customs system.
Rule- 5. Application for enlistment and enlistment.
(1) If any person fulfills the conditions of Sub-Section (1) of Section 10 of the Act, he will apply for
enlistment to the concerned Divisional Officer in “VAT 2.1” Form in accordance with the provisions
the said Sub-Section.
(2) Under Sub-Rule (1), application may be submitted to the following places, viz:
(a) At the VAT online system of the Board through online;
(b) In any service center determined by Customs, Excise and Vat Commissionerate or
Divisional Office convenient for the applicant or any other place determined by the Board
through an order;
(c) At any service center determined by the Board or by the concerned Commissioner; or
(d) At any fair run by the Board or by the concerned Commissioner.
(3) In case of an application under Clause (b) to (d) of Sub-Rule (2), the application will have to
be sent to the VAT online system within the next day of the submission of application.
(4) If the Divisional Officer finds the information in the application proper, he will enlist him
within 3 (three) working days, and shall issue in his favor a turnover tax enlistment certificate in
form “VAT-2.3” that includes a business identification number.
Rule- 6. Voluntary registration.
(1) If a person wants to have voluntary registration under Sub-Section (1) of Section 8, he will
apply to the Divisional Officer in accordance with Sub-Rule (1) of Rule 4.
(2) An application for voluntary registration shall be disposed of as per the procedure described
in Rule 4.
(3) A person registered voluntarily–
(a) Shall pay tax from the first day of the next tax period following the date of his registration;
and
(b) Shall preserve the records and accounts in accordance with the method described in Rule
95.
Rule-7. Registration or enlistment done by the Divisional Officer on his own.(1) The
Divisional Officer shall register or enlist a person on his own initiative and issue registration or
enlistment certificate under Section 12 who is eligible for VAT registration or Turnover Tax
enlistment.
(2) The Divisional Officer shall register or enlist on his own initiative on the basis of information
obtained from proper enquiry and make it effective from the date when the need for registration or
enlistment has arisen.
(3) The person described in Sub-Rule (2) shall pay tax and arrear if applicable from the date
made effective under Sub-Rule (2).
(4) If the Divisional Officer fails to collect required information for the determination of annual
turnover in case of enlistment under Sub-Rule (2) for non-cooperation of the concerned person, he
will register the person on the basis of the information available with the Divisional Officer and will
issue in his favor a VAT registration certificate containing business identification number.
(5) The Divisional Officer shall enlist or register all persons and organizations worth of being
enlisted or registered located under his jurisdiction.
Rule-8. Cancellation of VAT registration.(1) Any registered person may apply to the
commissioner for cancellation of VAT registration in form “VAT-2.4”, if–
(a) he fails to commence economic activity following registration;
(b) he closes his economic activity;
(c) his economic activity has been declared as exempted; or
(d) his annual turnover falls below the limit of registration for two consecutive years.
(2) If any application is filed under Sub-Rule (1), the Commissioner after proper enquiry about
the matter–
(a) if he considers the reasons for the cancellation of registration to be proper, shall suspend
the registration temporarily and make him informed; or
(b) if he does not consider the reasons for the cancellation of registration to be proper or if the
application is incomplete or if for any other reason deems that it is not proper to cancel the
registration, he will suspend the registration temporarily or take any other decision by
giving the person an opportunity of being heard and inform him.
(3) Within 15 (fifteen) days of the temporary suspension of registration under Sub-Rule (2), the
registered person shall complete all procedures according to Sub-Section (6) of Section 9.
(4) Within 15 (fifteen) days of submission of final return under Sub-Rule (3), if the information
contained therein are found to be proper following its verification, the Commissioner shall cancel the
registration.
(5) In case of registration cancellation for the reason described in Clause (d) of Sub-Rule (1), if it
is seen that his annual turnover is below registration threshold but above enlistment threshold, the
Commissioner shall enlist him for Turnover Tax after cancellation of VAT registration.
(6) After proper enquiry if the Commissioner is satisfied for valid reasons that any person is not
required to remain registered as Value Added Tax payer any more, he shall cancel his VAT
registration after giving him a proper opportunity of being heard.
(7) In spite of enquiry done under Sub-Rule (4) or investigation made under Sub-Rule (6), if it is
discovered after the cancellation of the VAT registration that under the law there is an arrear
payment due from that person or an offense has transpired, the relevant provision of the Act shall
apply with regard to that person as if he is a registered person.
Rule-9. Cancellation of Turnover Tax enlistment.(1) Any person enlisted under Sub-Section
(1) of Section 11 may apply to the Commissioner in from “VAT-2.4” for cancellation of his enlistment.
(2) If an application is filed under Sub-Rule (1), the Commissioner following proper enquiry–
(a) shall inform the person after temporarily suspending his enlistment if there are valid
reasons for the cancellation of his enlistment; or
(b) if the reasons for the cancellation or enlistment are not proper or if the application is
incomplete or if for some other reasons it is not proper to cancel the enlistment, the
Commissioner shall inform the person temporarily suspending his enlistment or taking any
other lawful decision after giving him an opportunity of being heard.
(3) If the enlistment of any enlisted person is temporarily suspended, he–
(a) will desist from all the activities related to Turnover Tax immediately; and
(b) will return to the Commissioner enlistment certificate as well as all its attested copies
within 15 (fifteen) days of temporary suspension and if there is arrear due, he will pay the
same.
(4) If after verification the given information are found to be proper, the Commissioner shall
cancel his enlistment within 15 (fifteen) days of submission of the final return.
(5) After proper enquiry if the Commissioner is certain that the annual turnover of any person
has crossed the registration threshold and it has become necessary for him to get registration as a
Value Added Taxpayer, he shall, after giving him a proper opportunity of being heard, cancel his
enlistment for Turnover Tax and register him.
(6) After proper enquiry if the Commissioner is certain that any person is no longer required to
remain enlisted as a Turnover Tax payer, he shall, after giving the person an opportunity of being
heard, cancel his enlistment.
(7) If after verification under Sub-Rule (4) or investigation under Sub-Rule (7), after the
cancellation of the enlistment for Turnover Tax it is discovered that there is some arrear payment
lawfully due from the said person or any offense has been committed, the relevant provisions of the
Act shall apply to him in the same manner as if he is an enlisted person.
Rule-10. List of registered or enlisted persons.(1) The Board shall preserve a correct and
updated list of all the persons registered or enlisted under this Act, where the following things shall
remain included, viz:–
(a) Name and address of the registered or enlisted person;
(b) Business name or names, if there is any, by which the said registered or enlisted person
conducts his economic activities;
(c) Business Identification Number of the person;
(d) If the said person is separately registered for his branch unit, the business name, address
and Business Identification Number of every branch unit;
(e) The date on which registration or enlistment has come into effect; and
(f) Latest status of registration or enlistment.
(2) The Board shall publish an updated list of persons registered or enlisted under this Act on the
website of the National Board of Revenue.
(3) If there is any change of information under Section 14 and Rule 12 and 13, the Board shall
include the changed information in the list described in Sub-Rule (2).
Rule-11. Use of Business Identification Number.Subject to the provisions of Rule 117,

Business Identification Number shall be used in the following cases, viz:–
(a) All other imports-exports except baggage imports;
(b) Registration of land or building in the name of registered or enlisted person;
(c) Obtaining Import Registration Certificate and Export Registration Certificate;
(d) Making any supply to an withholding entity;
(e) Participation in any tender;
(f) Enlistment in any organization;
(g) Approval of Bond License;
(h) Approval of bank loan in favor of registered or enlisted person; and
(i) In any other case determined by an order of the Board.
Rule-12. Informing the changed information.
(1) Every registered or enlisted person shall, according to Clause (f) of Section 14, immediately
inform the Commissioner about economic activities along with the information described in Clause
(a) to (e) of the said Section and in case the following information is changed, viz:–
(a) Change in any one of the information furnished during registration or enlistment;
(b) Addition of any new type of business or any type of deletion of the existing business;
(c) Change, addition or deletion of bank account;
(d) Opening of any new branch unit or closure of any old branch unit;
(e) Any other change determined by an order of the Board.
(2) The registered or enlisted person shall inform the Commissioner about the changed
information mentioned in Sub-Rule (1) in form “VAT-2.1” for online submission and in form “VAT-
2.5” for hard copy application within 15 (fifteen) days of change in the information.
(3) If there is any change in form “VAT-2.3” following changed information of Sub-Rule (2), the
Commissioner shall issue a Value Added Tax Registration Certificate or Turnover Tax Enlistment
Certificate in favor of the registered or enlisted person incorporating the new information.
Rule-13. Change in place of business.
(1) If any registered or enlisted person needs to change the place of business, he has to submit
application to the Commissioner of the Commissionerate where he is registered or enlisted in form
“Mushak-2.1” for online submission and in form “Mushak-2.5” for hard copy application 15 (fifteen)
days prior to that change.
(2) If the information mentioned in the application are found to be correct following verification
of the application received the Commissioner,
(a) In the case of inter-Commissionerate transfer–
(i) Determine all the arrear, if any, and inform to the applicant, and
(ii) Accord approval of transfer of all information of the registered or enlisted person to
that Commissionerate, in the jurisdiction of which new Commissionerate the
registered or enlisted person wants to be transferred.
(b) In case of transfer from one place to another place in the jurisdiction of the same
Commissionerate, the Commissioner shall inform the applicant after making the transfer.
Rule-14. Duplicate of Registration Certificate or Enlistment Certificate.
(1) If for any reason the VAT Registration Certificate or Turnover Tax Enlistment Certificate is
lost or damaged or the electronic copy sent to him is lost, he can get the duplicate of the VAT
Registration Certificate or Turnover Tax Enlistment Certificate printed from his VAT computer
system.
Rule-15. Transitional registration or enlistment.
(1) The Board shall establish a database with the data of the persons registered or enlisted under
VAT Act.
(2) On receipt of the applications under Rule (4) and (5), the Commissioner shall register or enlist
the persons under the Act using the data of the database mentioned in Sub-Rule (1).
(3) If any person registered or enlisted under the VAT Act does not take registration or
enlistment under the Act following a date fixed by the Board, the Commissioner may suspend or
cancel the registration or enlistment.
(4) If after the cancellation of registration or enlistment under Sub-Rule (3) it is discovered that
there is an arrear due from the said person under the VAT Act or an offense has been committed, the
relevant provisions of the said Act shall apply on him in the manner as if he is a registered or enlisted
person.
(5) If any person who is registered under the VAT Act wants to be enlisted under the Act, the
responsibility of proving that his turnover stands beneath the registration threshold shall lie upon
him.

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Online Training session on Organized by :

Value Added Tax (VAT) and Its Practical Aspects

DRC VAT Training Course Outline for CA Students (8days @ 2.00Hrs =

DRC VAT Training Course for CA Students (8days @ 2.50Hrs = 20Hrs)

Application for VAT Consultant License (Mushak 18.1)

Audit and Investigation of a taxpayer's economic activities

DRC VAT Training for Students

Previous VAT Laws :

Transition to New VAT Laws :

1. Value Added Tax and Supplementary Duty Act, 2012

2. Value Added Tax and Supplementary Duty Rules, 2016

4. Directives to do in Transitional period

New VAT Laws :

1. Value Added Tax and Supplementary Duty Act, 2012

Stages of VAT Imposition :

2. Mapping of New Act

SL Description Section Chapter Description Rules

1 Preliminary 1 to 3 One Preliminary 1 to 2

2 VAT Registration and 4 to 14 Two VAT Registration and 3 to 15

6 Tax Invoices and 51 to 54 Six Accounting of Value 40 to 44

7 Imposition and 55 to 62 Seven Adjustment of 45

8 Imposition and 63 Eight Adjustment of Turnover 46

13 Audit and 90 to 94 Thirteen Audit and Investigation 66 to 67

18 Miscellaneous 126 to 139 Eighteen Miscellaneous 109 To 119

2. Second Schedule (Goods and Services subject to Supplementary Duty)

3. Third Schedule (Goods and Services subject to VAT)

First Schedule (Exemptions for all stages) [Section – 26]

Second Schedule (Goods and Services subject to Supplementary Duty)

Third Schedule (Goods and Services subject to Value Added Tax)

VAT for Local Trading Stage : Others 5%

Turnover Tax : 4% [Sec-63]

Zero rated VAT : 1. Sec-21 : Zero-rated supplies

Advance Tax (AT) on Import : [Sec-31]

for Manufacturer : 3% (AT)

SRO for VAT Exemption : (for 1 or 2 Stage)

i. Table -1: Import Stage (Goods)

Exemption SRO : 141-AIN /2021/138-Mushak

SRO : 172-AIN /2019/29-Mushak

VDS SRO : SRO No. 240-AIN/2021/163-Mushak

SRO No. 235-AIN/2019/71-Mushak

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Important Definitions (Section 2)

(a) negotiable instrument;

(c) credit card or debit card; or

(d) any supply made through account credit or debit;

(a) also includes the following activities, namely-

(i) any business, profession, vocation, means of earning livelihood, manufacture or

(iii) any one-off initiative in the nature of a commercial activity or enterprise; or

(b) shall not include the following activities, namely-

(i) any service rendered by an employee to his employer;

(iii) any recreational pursuit or hobby carried on a non-commercial basis; or

(15) "resident" means an individual who-

(a) normally lives in Bangladesh; or

(iv) all government entities; or

(v) a property development joint venture;

(c) Interior design, architectural plan and drawing;

(d) Rent or lease of vehicles;

(f) Rent of premises, office, show-room or similar place of business establishments in

(21) "withholding entity" means-

(a) a government entity;

(c) a bank, insurance company or a similar financial institution;

(d) an educational institution of secondary or above level; or