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Records has to be maintained by the Tax Payer at the premises concerned with the Economic Activities in case of maintenance in manual method. The Commissioner can allow payment of Arrear Tax in installments within specified time limit, under proper conditions and manner, but the time limit for paying Arrear Tax shall not exceed 12 (Twelve) months. The DRO (Debt Recovery Officer) is the authorized officer on behalf of the Commissioner, in case of realizing Arrear Tax.
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Therefore, register at Mega Casino World and enjoy all the services of the bookmaker. When a business or economic activity increases the tax liability its called increasing adjustment and when the business activity decreases the tax liability its decreasing adjustment. Credit is deducting or adjusting paid VAT during purchase by the taxpayer from the VAT realized from the buyer during supply. As for example, supposing, a tax payer has realized Taka 39.13 as VAT by delivering a supply of Taka 300, for that particular supply, he has purchased input worth Taka 200. He will deposit the residual sum of Taka 13.06 (39.13 – 26.07) to the Government Treasury after adjusting paid up Input Tax (Taka 26.07) at purchase level from tax realized (Taka 39.13) at sale level. There is no need for obtaining registration or enlistment for exempted economic activities.
Form VAT-6.3 and Form VAT-6.6, combined together are considered to be ‘’Adjusted Tax Invoice and Withholding Tax at Source Certificate’’. In such case there is no need of maintaining hard copy along with the digital method simultaneously. But if you so desire, you may also maintain copy manually along with the digital method simultaneously.
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The Commissioner, within 7 (Seven) days of receipt of the application, after due consideration, shall approve the application. Against each supply numerical series of Tax Invoice under Form VAT-6.9 has to be issued. Separate numerical series of Tax Invoice can be issued if supply is delivered from more than one place. Turnover Tax invoice has to be issued in 02 (Two) sets, of which the original Invoice has to be handed over to the purchaser and copy of which shall be maintained by the Enlisted Person at the premise of his business concern. Supplementary Duty is realized at the same time of supply of Supplementary Duty imposable goods or service when VAT is realized. There is no scope in the new law to maintain two types of accounts.
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Appeal can be filed before the appropriate authority within 90 (Ninety) days of issuance of the decision or the order. The Inquiry Officer after completing the inquiry within 4 months of taking cognizance of the Case shall submit Inquiry Report through the Commissioner. But the Court can extend such time limit up to 3 months in view of an application by the Inquiry Officer. But in cases of Tax determined by the Commissioner and Tax accrued by disposal of any activity under the law, Tax has to be paid within the specified time as mentioned in the notice.
What is the duration of Turnover Tax? In which Form Return has to be submitted?
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A tax payer’s state of business affairs can be identified through this number from the website of the NBR. Under the Value Added Tax procedure, any importer, mcw19 login exporter or taxable supplier has to be involved in the VAT procedure. This involvement takes place with the VAT procedure through registration or enlistment. He has to abide by the VAT law through taking Business Identification Number in the prescribed manner under the purview of the VAT law.
Below are some of the reasons why you may not be allowed to access your Mega Casino World account. Discover how to easily access your player account at Mega Casino World and start enjoying games and exclusive rewards. For any future Audit you can take preparation by maintaining all Tax Accounts for the unaudited period of your Activities, keeping in view the documents related to the last Audit. Supply under Supervision is applicable exclusively in cases where the provisions of this law are not complied with in order to evade Supplementary Duty. Such provisions are not applicable in cases of business concerns where there is no scope for Supplementary Duty. Application has to be made before the Commissioner in Form VAT- 9.3 before a minimum of 7 (Seven) days of expiry of the concerned Tax Period.