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| Corporate Practice bd |
How to prepare & deposited monthly government challan:
If you are the employee of a group of company, you have to prepare & deposited monthly government challan/Treasury challan to the government bank.
Here are the some AIT/VAT deduction items for the payment of Monthly government challan/Treasurychallan
1.Local cash sales of yarn VAT @Tk.3.00 per kg
2.Party AIT & VAT deduction from party’s bills
3.Employee
Income tax(AIT) Average Rate
4. AIT deduction @2% against gas consumption bill
5.Source tax (AIT)deduction against export bill realization
6. Advance
income tax against dividend income received
7.Advance income tax (AIT) against Vehicles renewal purpose
8.Advance income tax (AIT) against Fixed deposit receipts (FDR)
9.Advance
income tax (AIT) against Trade License renewal
10. Advance income tax (AIT) (Import)against Spare parts import@5%
11.Value added Tax(VAT)-(Import) against import spare parts@15%
12.Advance Tax (AT) (import) against import spare parts@5%
13.Custom duty(CD) (import) against import spare parts@10%
NB: 100% Export oriented company currently VAT Exempted.