Vat Act in Bangladesh

 VAT ACT IN BANGLADESH:       (Rewrite below)

Except if there is anything as opposed to the subject or setting, in this Act- 

(A) "absolved" signifies products and ventures excluded from esteem added charge under this Act; 

(B) "yield charge" signifies the worth added charge forced under this Act 2 [***]; 

3 [(c) "Information" signifies, 

(I) a wide range of crude materials, aside from work, land, building, office hardware and vehicles, 4 [laboratory reagents, research center gear, lab accessories] 5 [any gas, any substance utilized as fuel, bundling materials], administrations and apparatus And parts; 

(Ii) on account of leading business, imported, bought, gained or in any case gathered with the end goal of offer, trade or move 6 [goods or services];] 

7 [(d) "input charge" signifies to enhance the products imported by the enlisted individual or to some other enrolled individual and to increase the value of the imported merchandise at the import stage 8 [advance collected] esteem. Will be;] 

9 [***] 

10 [(ghghgh) "charge" signifies esteem added charge payable for merchandise or administrations delivered or 11 [turnover charge or], by and large, esteem added charge and strengthening obligation and worth added on materials in the fields alluded to in area 13, beneficial It will incorporate obligations, import obligations, extract obligations and any remaining kinds of obligations and duties (barring advance pay tax);] 

(E) "charge period" signifies a time of one month or any such period as might be fixed by the Government, by warning in the Official Gazette, for this reason; 

(F) "available merchandise" signifies any such products excluded from the First Schedule; 

12 [(g) "available help" signifies any such assistance excluded from the Second Schedule;] 

(H) "13 [commissioner]" signifies any 14 [commissioner] designated under segment 20, esteem added charge; 

(I) "current record" signifies the record held with the 15 [in form] 16 [commissioner's] endorsed by the enrolled individual, including his buy, deal, depository store, payable and limited worth added charge and, where material, other expense forms; 

17 [(j) "receipt" signifies a receipt gave under segment 32;]      (Rewrite from here)

 

18 [***]

 

19 [(jnn) "Chief Commissioner" means any "Chief Commissioner, Value Added Tax" appointed under section 20 who may perform such duties and powers as may be assigned to the Commissioner by this Act.]

 

(K) "turnover" means the total amount due or received from the supply of taxable goods or the provision of taxable services by a person at a particular time;

 

(L) "schedule" means any schedule attached to this Act;

 

(M) "Document" means any matter expressed or described on paper or any other substance by means of letters, numbers, signs or symbols and any kind of electronic data, computer activities, computer tape, computer disk or any other means of data. This will include;

 

20 [***]

 

(6) "submission" means a submission payable under section 35 of this Act;

 

21 [(o) "due date" means-

 

(Ii) in the case of payment of value-added tax or, as the case may be, value-added tax and supplementary duty, at the time of payment of tax under section 7; And

 

(Ii) in case of submission of return, at the time of submission of submission prescribed by rules.]

 

22 [23 [(n)] "24 [bet]" means the total amount received or due in return for the supply of goods or services or the value measured by money;]