BIN Registration

BIN refers to Business Identification Number. Which business have to pay VAT depends on its annual business turnover. If the annual business turnover is less than 30 lac, then VAT does not have to be paid and if it is from 30 lac 1 taka to 80 lac, then 3% VAT has to be paid. On the other hand, if it goes above 80 lac, VAT has to be paid according to the law.

VAT has to pay on sales and purchase of the goods and services.

Assessment & Making VAT Return

VAT is to be paid on the sales of the previous month by the 15th of each month.

The VAT return has to be submitted through online at the legal proportional rate on the goods sold on last month.

Submission of VAT Return:

VAT is to be paid on the sales of the previous month by the 15th of each month. A VAT return has to submit through online system and directly to concern VAT office consecutively.

VAT Planning

VAT Planning is necessary and mandatory for every BIN holder to avoid unreasonable VAT imposition, fine and to calculation of VDS, AT, Bill of Entry and others.

VAT Hearing

VAT hearing conducted in the office of Divisional Commissioner and audit hearing. It is also conducted in the time of appeal hearing before Appeal Commissioner and Appeal Tribunal of taxes.