Corporate practice bd |
For
example, if a consumer buys a taxable product of Rs. 115, he will pay Rs. 115
to the seller. Out of this, the consumer has paid 15 taka VAT to the government
which is supposed to be deposited in the government treasury through the
seller.
It
is the consumer's responsibility to ensure that the seller's money is deposited
in the government treasury. The consumer can do this very easily, if he asks
for a tax invoice against his purchase (VAT-8.3 under the 2012 Act or VAT-8.9
under VAT-11 and VAT-11 under the 1991 Act). Some sellers may not want to give
it, but the consumer has to ask for it. Then the money of the consumer's labor
will go to the government treasury and it will come back to the consumer
through various services.
If
the consumer does not take the invoice, then there is a chance that the tax
paid by him will not be deposited in the government treasury. Many sellers can
say again, if you do not take the invoice, the previous product of 115 rupees
will be sold at 15 rupees less. In fact, it is not correct. In that case the
price of the product will be 100 rupees and the amount of VAT paid by the
consumer will be 13.04 rupees. VAT is included in whatever the price of the
product or service is.
As a result, the responsibility of the consumer is the same, that is to ask for the invoice after the purchase.
What if the seller's VAT invoice is fake?
Many may ask, what is the guarantee that the invoice will be correct? It is
neither possible nor necessary for a consumer to ensure that. There are a
number of ways in which the VAT administration can catch illegal supplies. In
the near future NBR is going to arrange lottery for consumers. With that
e-invoicing will be introduced. Then the authenticity of the invoice can be
verified. Even if the consumer invoice is fake, it will be caught by the VAT
administration from time to time. Therefore, the main responsibility of the
consumer is to get the invoice from the seller.
No, VAT invoice payment is not mandatory for all sellers. Small traders with an
annual taxable turnover of up to Rs 3 million will not be registered. They do
not pay any tax invoices. Those whose annual turnover is more than Rs 30 lakh
to Rs 60 lakh will be included in the turnover tax list. They will issue
turnover tax invoice in VAT-7.9 form. And those whose turnover is more than 60
lakh rupees will receive VAT registration. They will provide value added tax
invoice in VAT-8.3 form.
How do I know if the VAT invoice given by the seller is correct?
ECR, point of sales
invoice or handwritten form invoice can also be VAT invoice. There is no color
obligation in the invoice. Key Features of VAT or Turnover Tax Invoice:
VAT
invoice turnover tax invoice comments
1.
The invoice will have “VAT-6.3” written on it. The invoice will have
"VAT-7.9" written on it
2.
The 9 digit BIN of the seller will be written. The seller will have 9 digit BIN
written on nbr.gov.bd or VAT Online Mobile Apps to know if the BINT is correct.
3.
There will be 15% VAT on the total value. 3. There will be 3% turnover tax on
the total value.
4. The amount of VAT will be stated separately. Multiplying the total price by 15/115 will give the amount of VAT. 4. The amount of turnover tax will be stated separately. Multiplying the total value by 3/103 will give the amount of that turnover tax.
There is no way to understand it directly at the moment. In general, each invoice should be physically verified. However, usually if the seller gives you a tax invoice, then you will understand that the VAT money paid by you will reach the government treasury. Once the VAT online system is fully operational, it will be understood immediately. Invoice Issue When issuing invoices using your mobile or email, you will be assured in an instant return SMS or email that your VAT will be credited to the government treasury.
The
VAT paid will be deposited in the government treasury.
If a seller says, I did not pay VAT, so I did not pay the invoice, then what
will you do?
This
statement of the seller is not correct.
VAT
was included in the price paid by the seller at the time of purchase or
manufacture. That VAT is in your paid price. As a result, if you are not
satisfied with his word, your VAT will not be credited to the exchequer. That
will increase the seller's profit. You spent money to build roads or schools
and colleges, but it would be useful to grow the seller's business, not the
country and your development.
Many times some sellers say that if you take an invoice, you have to pay 15% extra, what to do in that case?
This
statement of the seller is also not correct.
VAT
was included in the price paid by the seller at the time of purchase or
manufacture. VAT is included in the price he is taking to be with you again. As
a result, he has nothing to believe. If you are not satisfied with his word,
your VAT will not be credited to the exchequer. That will increase the seller's
profit. You spent money to build roads or schools and colleges, but it would be
useful to grow the seller's business, not the country and your development.
In
this case, it is your responsibility to make a complaint by calling 16555 or by
mail to support@vat.gov.bd. You can also file a complaint on VAT Mobile Apps.
What to do if a seller does not want to invoice?
If
a seller refuses to issue a tax invoice, you can file a complaint at any of the
following places, such as:
Call 16555
Mail
to support•vat.gov.bd
Downloads VAT Mobile
Apps
By calling directly to
the nearest VAT office
Get the address and phone number of all VAT offices: http://number.gov.bd/about-us/field-offices/vat/and
What is my responsibility as a consumer?
The consumer has no legal responsibility in the value added tax system.
However, he has only one moral obligation, which is:
Asking
for VAT invoice from the seller after purchase.
Indirect
VAT is actually borne by the consumer. This is why it is also called consumer
tax. If a registered person says that the consumer does not pay VAT then he is
wrong.
The
consumer pays the government for his labor in the greater interest of the
state. The government completes all development activities including education
and health with the tax money paid by him. As a result, as a VAT payer, he
indirectly enjoys the opportunity to be with the government in return for his
paid taxes. As a result, the more taxpayers pay taxes, the more services the
government can provide. Whenever a consumer buys a product or service, he pays
VAT as part of the price.
You can file a complaint
to the National Consumer Rights Protection Department under the Consumer Rights
Protection Act, 2009, if the consumer rights are violated, such as if you
charge more than the maximum retail price or otherwise your rights are
violated.
Their
web address: http://dncrp.portal.gov.bd/
Complaint
link:
http://dncrp.portal.gov.bd/site/page/99613784-1e2c-4e5b-9757-505fb6427c80/undefined
Their Facebook address: https://www.facebook.com/dncrp/?fref=ts
Complaint
of Consumers Association of Bangladesh (CAB)
Center:
http://www.consumerbd.org/complaints/