VAT Fine and Penalties in Bangladesh 2022

ভ্যাট আইনে ধারা ৮৫, ১১১, ১১২, ১১৩, ১১৬, ১২৭ তে ভ্যাটের বিধান পরিপালন না করলে কি শাস্তি হবে (VAT Penalties) সেই বিষয়ে উল্লেখ করা হয়েছে। এক নজরে দেখে নেওয়া যাক ভ্যাটের কমপ্লায়েন্স পালন না করলে জরিমানা ও শাস্তির বিধান সমূহ (VAT Fine and Penalties in Bangladesh 2022)

SL No	Particulars	Penalty	Reference
1	Fake or wrong VAT registration certificate or Turnover tax certificate and Certificate of tax deduction at source	One year imprisonment; or Fine of the same amount of tax payable; or Both	Section 111
2	Fake or wrong tax invoice, credit note, debit note, consolidated tax invoice and Certificate of tax deduction at source	One year imprisonment; or Fine of the same amount of tax payable; or Both	Section 111
3	Fake or wrong or reused stamp or band roll production, preservation, marketing or using	One year imprisonment; or Fine of the same amount of tax payable; or Both	Section 111
4	Fake or wrong or reused stamp or band roll production, preservation, warehousing, marketing or selling	One year imprisonment; or Fine of the same amount of tax payable; or Both	Section 111
5	Fake or wrong or reused stamp or band roll production, preservation, warehousing, marketing or selling such product when band roll and stamp is mandatory	One year imprisonment; or Fine of the same amount of tax payable; or Both	Section 111
6	Tax evasion	One year imprisonment; or Fine of the same amount of tax payable; or Both	Section 111
7	Claims tax rebate even if not eligible	One year imprisonment; or Fine of the same amount of tax payable; or Both	Section 111
8	Provides false, misleading details or statements to tax officer	6 months imprisonment; or Face fines of the tax payable amount; or Both	Section 112
9	Creates or tries to create obstacles for the VAT officer to follow the regulation	6 months imprisonment; or Fine of Tk. 10,000 to Tk. 200,000; or Both	Section 113
10	Any offence committed by a company	Fine unless proven otherwise	Section 116
11	Does not withhold VAT despite being withholding entity	Half yearly 2% interest	Section 127
12	Does not deposit to treasury on time after withholding VAT from supplier	Not more than Tk. 25,000	Section 85
13	Does not deposit VAT payable within due date	Monthly 1% interest	Section 127
14	Non-compliance or irregularity for not filing the VAT or turnover tax return within the prescribed time period	Tk. 5,000	Section 85
15	Non-compliance or irregularity for not applying for registration or enlistment within prescribed time period	Tk. 10,000	Section 85
16	Non-compliance or irregularity for not displaying the registration or turnover tax certificate in visible place	Tk. 10,000	Section 85