Return s the final statments of registered or enlisted busness for a tax period. Is is the summery of all business transactions, credit and adjustments. This booklet help you to prepare a return accurately.
Credit and adjustment mechanisam make the VAT system successful to both taxpayers and tax collectors. There are many rules for credit and adjustment. All rules for credit and adjustment are describe in this booklet.
Bangladesh VAT System is Invoice or credit system. Every transaction requires an invoice. Taxpayer issues Invoices in different format in different situation. The invoicing procesures are described in this booklet.
All business exceeding VAT threshold is required to registered for VAT. Below threshold, business need to enlisted for turnover tax. Registration or enlistment processes are briefly described in this booklet.