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| Corporate practice bd |
55. Reimbursement of taxes paid by diplomatic and other international organizations.
(1) For the purpose of obtaining tax refunds paid by diplomats
and other international organizations under sub-section (1) of section 71, the
person in charge of such diplomatic or international organization may apply
Form “VAT-10”. 1 ”should be applied along with the concerned commissioner.
(2)
An application under sub-rule (1) shall be submitted within 6 (six) months of
the payment of tax with authentic tax payment documents.
(3)
At the end of the verification of the application submitted by the Commissioner
and the authentic documents of payment of tax.
(A)
In case of online application: within 2 (two) months from the date of submission
of application, or
(B)
In case of application in other manner: within 3 (three) months from the date
of submission of application:
Deposit
the refund as applicant's bank or issue a cross check in his favor.
(4)
In case of any discrepancy between the amount of refundable amount and the
amount of refundable amount allowed under sub-rule (3), the amount of
refundable amount shall be notified to the applicant by giving notice of the
reason for difference. Will determine.
(5)
In case of repayment under sub-rule (3), if the applicant has any outstanding
liability (including interest, money, fines, etc.) under the law, the remaining
amount (if any) shall be refundable by deducting it from the refundable amount.
57.
Tax refund to foreign tourists. (1) Subject to the provisions of this rule, a
foreign tourist will get refund of value added tax against the purchase of his
taxable goods.
(2)
The tax refund shall not be applicable in case of the following goods, namely:
-
(A)
export prohibited goods;
(B)
firearms, explosives or similar products; And
(C)
any other product as may be prescribed by order of the Board.
(3)
A foreign tourist may claim a refund under sub-rule (1), if he:
(A)
resides in Bangladesh for 180 (one hundred and eighty) days or less in 1 (one) calendar
year;
(B)
not be a crew member of any aircraft; And
(C)
Departs from any international airport in Bangladesh.
(4)
A foreign tourist may claim a refund under sub-rule (1), if he:
(A)
purchases goods from any store marked "VAT Refund For Tourists";
(B)
purchases the product for consumption outside Bangladesh;
(C)
the value shown in each VAT invoice of the purchased goods (excluding VAT)
exceeds TK.. 5,000 (five thousand); And
(D)
He leaves within 3 (three) months of purchase of goods.
(5)
Pursuant to the provisions of Rule 57, a person may be permitted to use the
mark "VAT Refund For Tourists" and in that case the registered or
enlisted person:
(A)
after checking the passport of the foreign tourist and verifying his / her
identity and condition of receipt of tax refund. And
(B)
Attach the VAT invoice to the said "VAT return certificate" and issue
it to the foreign tourist.
(6)
VAT will be refunded from the Customs Desk marked "VAT Refund" of the
International Airport in the following manner, namely: -
(A)
the foreign tourist shall present the purchased goods along with the “VAT
return certificate” and the relevant VAT invoice to the concerned customs
officer;
(B)
The "VAT Return Certificate" submitted by the foreign tourist will be
verified online and if its authenticity is confirmed and the goods are found to
be appropriate, the concerned customs officer will approve the refund in his
favor and pay the refundable amount to him.
(6) The Board may, from time to time, deduct a reasonable amount of money from the refundable amount as service charge.
Concessions and Current Accounts
01.
According to the VAT Act, 1991, what should be done if a registered person
cannot avail the rebate against the product tax under the said material tax? 1.
The person registered under the new law will be able to make deductible
adjustments in the circumstances described; If he has any case, appeal or writ
pending under the previous law or any arrears
There
is no tax due.
Or,
02.
According to the VAT Act, 1991, what is the procedure for adjustment of the
current closing accounts in the new law? 2. The registered person will apply to
the Commissioner along with the submission letter (VAT-19) submitted under the
previous Act for the purpose of adjusting the current closing of the current
account under the new Act. If the Commissioner issues a certificate within 01
(one) month after verifying the conditions in this regard, the registered
person will be able to make a deductible adjustment under the new law.
Transitional tax calculation
1. VAT is levied on any taxable supply - the corresponding supply, issuance of invoice or acceptance of supply value - whichever comes first. But according to the VAT Act, 1991, what is the method of tax calculation if the supply occurs under the new law, despite the issue of invoice, acceptance or payment of supply price? 1. VAT will be payable under the new law in the circumstances described. However, if the supply is provided under the VAT Act, 1991, the VAT payable will also be applicable as per the relevant law.
Price announcement
1. According to the VAT Act, 1991, there is a provision to declare the price of the product before production or supply. If the VAT Act, 1991 is in force during the period of production of a product but the supply is carried out under the new law after production of the product, is it necessary to declare the price of the product? 1. The new law does not require product declaration in the circumstances described; Rather, you can easily sell the product at a fair market price.
Submission
1.
According to the VAT Act, 1991, one has to appear in the concerned VAT circle
every month and submit the submission letter. 1. Under the new law, it is very
easy to submit online submissions.
2. If necessary call center or taxpayer service booth will help in filling the submission form.
1.
Supply is provided or received under VAT Act, 1991, but under the new law, if
supply price is paid or accepted, at what rate / manner should VAT be deducted
at source? 1. In the circumstances described, VAT has to be deducted at source
as per VAT Act, 1991.
2.
According to the VAT Act, 1991, the supply price was paid or received, but if
the supply is provided or accepted under the new law, at what rate / manner
should the VAT be deducted from the source? 2. Under the new circumstances, VAT
will have to be deducted at source under the circumstances described.
Under
Rule 3B of the Value Added Tax Rules, 1991, if goods are supplied by the
manufacturer or importer on the basis of MRP at uniform price, VAT is paid at
all subsequent stages of production or at the first supply stage. In this case,
how will VAT be paid in case of sale of products which will be supplied before
1st July but not all products will be sold at the consumer level i.e. retained
at retail or wholesale level? In the case of goods supplied at uniform prices,
since all VAT is paid at the first stage of supply (supply of producers or
importers) and there will be a stockpile of tax-paid goods at the rate of 15%,
there is no rationale for re-imposing VAT. In this case the following
activities can be taken, namely:
(A)
the Commissioner calculates each stock on 30th June and all stockpiled products
may be delivered in a regulated form within 15 days on or after 1st July;
(B)
Such taxpayers may be requested to bring their supply reserves to zero or as
close as possible by June 30.
In
the case of cigarettes and bidis, all taxes are paid at the production stage.
How will the part of bidis or cigarettes supplied from the place of production
on or before June 30, 2018, after paying all taxes, which will remain in the
store on July 1, be taxed on that product after that? There was no visible
change in bidis or cigarettes. As a result, the tax will be assessed and the
tax will be paid according to the current rules. The same measures that are
taken in the budget every year can be taken on July 1, 2018, the day the budget
is announced.
Supplies provided by pharmaceutical manufacturers
In
the case of pharmaceutical manufacturers, the product is supplied by paying all
taxes from the place of production. Prices are announced according to the rules
of drug administration. How will the products delivered on or before June 30,
which will remain with the depot or chemist, be delivered on or after July 1?
The new law requires the manufacturer to pay VAT as it is included in the price
of its supply stage (time of delivery from the depot). Do not pay VAT producers
at wholesale or retail level. Wholesale or retail level VAT will be paid by the
wholesaler or retailer. In the case of depots and chemists, the following
activities may be undertaken, namely:
(A)
on 30th June, the local VAT department (near) will calculate the total amount
of VAT paid on each stock by calculating it;
(B)
pay VAT in accordance with the new provisions at the time of delivery of the
goods listed from July 1;
(C)
Make a deductible adjustment in the July submission of the amount equal to the
VAT prescribed under (a) described.
(D)
Such taxpayers may be requested to reduce their supplied stocks to zero or as
close as possible by June 30.
4%
VAT is paid in our Super shop. There will be a lot of unsold products on 31st
June, 2017, for which no discount is possible. Again, 15% VAT will have to be
paid from 1st July, what to do? From July 1, you will pay 15% tax and deliver.