VAT detectives conducted raids to enforce VAT Law


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VAT detectives conducted raids to enforce VAT Law

Case filed against 43 companies including fast food, cosmetics, department stores, furniture and jewelery in the capital for irregularities. VAT audit, director general of the Department of Intelligence and Investigation. Moinul Khan has confirmed this information.

The Department of VAT Audit, Intelligence and Investigation has conducted operations in the capital to make traders aware of the importance of hanging VAT registration certificates in visible places and to prevent VAT evasion. The operation was conducted in four areas of the capital on Monday (July 13).

He said that according to Section 13 of the Value Added and Supplementary Duty Act, there is a provision to display the registration certificate in a visible place on the premises of the business. But this certificate was not found in the premises of these institutions. As a result, in many cases, consumers have been accused of being fraudulent in purchasing common goods or services.

Today, four teams of VAT detectives conducted the operation in Gulshan, Eskaton, Bailey Road, Nawabpur, Wari, Mohammadpur and Dhanmondi. Earlier, under the direction of NBR, the VAT Commissionerates had requested these companies to keep the certificate in the sight of the buyers at the place of business. The companies have also been warned with messages on mobile phones and advertisements in newspapers. These cases have been filed for non-compliance with the request of the VAT authorities and violation of the provisions of the law.

Dr. Moinul Khan said that according to section 65 of the VAT Act, there is a provision to impose a fine of Tk 10,000 in each case if accused of this violation. In addition to conducting operations, VAT detectives also encourage businesses to voluntarily comply with VAT laws. The VAT Intelligence Department hopes that as a result of these activities, VAT organizations will be more diligent in enforcing the provisions of the law.

Notable among the organizations against which irregularities were found were Lajpharma, New Eskaton Road, m. Baker, Bailey Road, Swiss Bakery, Bailey Road, Akij Motors, Big Magbazar, Sanand Jewelers & Khwaja Jewelers, New Rajdhani Super Market Tikatuli, Diamond Hardware, Nawabpur, Alamin Traders, Nawabpur, Tangail Chamcham Ghar, Hatkhola Road, Asian Tools, Nawabpur, Friday Fast Food, Gulshan Avenue, High Fashion Ltd., Gulshan Avenue, Sapura Silk Mills Ltd., Gulshan Avenue, Ma Electronics Gulshan-1, Rosy Department Stores, Green Road, Medellion Plus, North Dhanmondi, Spring Well Pharmacy & Department Store, Panthapath.






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