 |
| Corporate practice bd |
(6) Pursuant to the provisions of sub-section (1), the buyer shall be deemed to be the successor of the supplier from the date of transfer and the buyer shall provide necessary information to the supplier for proper compliance of this Act and the Board may formulate necessary rules to ensure the provision of such information.
Rights (rights), future purchase or sale rights (options), and vouchers. His bet will be equal to the amount if there is an additional bet after the exercise of rights.
(2) If a voucher is accepted for the payment of the full or partial price of a supply, the bet of that supply shall be the value of the value remaining after deducting the value of the voucher.
(3) Sub-section (2) shall not apply if no voucher is provided taxable.
Explanation: In this section, "voucher" means any receipt, ticket, acknowledgment, or similar document issued electronically whose carrier acquires the right to supply goods, services, or immovable property, but shall not include postage stamps or revenue stamps.
Supply of pre-paid telecommunication goods or services.
(1) If any telecommunication goods or services are supplied to the telecommunication intermediary by the supplier of any pre-paid telecommunication goods at a discount, the price of the said supply shall be calculated with the said discount:
Provided, however, that this section shall not apply to the supply of telecommunication goods or services by one telecommunication provider to any other telecommunication provider.
(2) If a telecommunication intermediary buys a pre-paid telecommunication product and sells it later, the sale shall not be deemed to be a taxable supply.
(3) In the case where a telecommunication provider provides telecommunication goods or services paid in advance through its representative, such agent shall be required to calculate the supply with the commission paid.
(4) The distribution of telecommunication goods paid in advance by any telecommunication intermediary acting as a telecommunication supplier or acting as a representative of any other telecommunication intermediary shall not be treated as a taxable supply under this Act.
(5) Any telecommunication supplier who supplies advance paid telecommunication products and pays VAT in accordance with the terms of this section, may accept deductible adjustment if:
(A) part or all of the face value of the goods used in purchasing anything from any person other than the said telecommunication provider;
(B) any other person:
(I) provides supplies through any economic activities conducted in Bangladesh; Or
(Ii) be registered; And
(C) The telecommunications provider pays another person for the supply.
(6) The amount of deductible adjustment shall be equal to the tax fraction of the amount paid to such other person and the adjustment shall be made to the tax period in which the said amount is paid.
(7) The Board may formulate rules by proving the right of the person using the telecommunication service or goods paid in advance to get the material tax rebate and by determining the method of receiving the rebate.
Explanation: In this section, -
(B) The amount of excise tax assessed in each tax period shall be the tax fraction of the amount paid in that period.
(2) If any goods are supplied in installments under the payment agreement, a separate tax invoice shall be issued against the payment in each installment.
Canceled transaction.
(1) If the transaction of a supply is canceled and the supplier retains a portion of it at the time of repayment of the previously received deposit, then due to such cancellation the applicable tax adjustment may be made on the portion of the deposit retained in case of adjustment.
(2) If a supply transaction is canceled and the supplier collects any money from the receiver as a result of such cancellation, then the tax collected during the tax period in which it is collected shall be deemed to be the payment of the said payment and tax shall be payable.
Sale of property for repayment of the loan.
(1) In the case where the property of another person (borrower) is provided by a person (the creditor) through sale by the said creditor for the whole or part of the debt due to the borrower:
(A) the supply shall be deemed to have been made by the borrower;
(B) the creditor shall be liable to pay the tax payable on supply, if any; And
(C) The value-added tax payable on the basis of priority shall be payable before repaying any surplus money to the borrower after such repayment, including loan and other loan repayments.
(2) The borrower and the creditor shall be jointly and individually responsible for the payment of taxes.
(3) The conditions and procedure for payment of value-added tax under this section by any unregistered creditor shall be determined by the Board.
Sales instrument.
(1) Where the taxable supply of goods is provided by means of a sales instrument, meter, or any similar automatic device (excluding payment telephone) and is operated by currency, note or token, the said by the supplier or any other person on his behalf. Tax will be payable at the time of withdrawal of the said coin, note, or token from the vending machine, meter, or automatic device.
(A) "advance payment telecommunication product" means advance payment for the acquisition of any telecommunication product by phone card, advance payment card, recharge card, or any other means, or by whatever name it may be called, for the telecommunication service. airtime), Internet access time or download capacity;
(B) "telecommunications intermediary" means any person who is a distributor, agent, VAT agent, or any intermediary of telecommunications goods paid in advance;
(C) "telecommunication provider" means the provider of telecommunication services, but does not include telecommunication intermediaries; And
(D) "Telecommunication Services" means services related to writing, transmitting, transmitting, transmitting sound or any other information, emitting and receiving signals in the wireless, optical or similar electromagnetic system or through electronic signal, -
And the following matters will also be included in it, namely: -
(Ii) Transfer or assignment services relating to the right to use the power to transmit, emit and receive signals; and
(Ii) Services with access to global or local level information networks;
But it does not include underlying writing, imagery, vocabulary, or information delivery services.
Lottery, Lucky Draw, House, Raffle Draw, and similar initiatives.
(1) If any person conducts a lottery, lucky draw, house, raffle draw, or a similar initiative, the price of the ticket will be the bet of the ticket sold by that person (whatever the name may be).
(2) In the case of tickets sold by giving a discount to the distributor or representative, the price shall be determined without considering the said discount.
Explanation: In this section, "ticket price" means the price paid by the buyer for holding the ticket in the hope of winning and participating in such an initiative.
The value of the benefit given to the employee or officer by means of goods instead of cash.
(1) The product provided by any registered or non-registered person to his employee or officer by means of goods instead of cash shall be deemed to have been used for personal purposes.
(2) In the case of a supply of services or immovable property by a registered or non-registered person to any of its employees or officers at a price less than the fair or fair market value, its value shall be the fair market value of such supply.
Sale of goods in installments.
(1) In case any product is supplied under installment payment agreement, in case of:
(A) the excise duty payable on such supply shall be payable only when the said supply has been paid and the amount of tax to be calculated and paid at the time of payment in each tax term; And