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VAT Fine and Penalties in Bangladesh 2022

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 NoParticularsPenaltyReference
1Fake or wrong VAT registration certificate or Turnover tax certificate and Certificate of tax deduction at sourceOne year imprisonment; or Fine of the same amount of tax payable; or BothSection 111
2Fake or wrong tax invoice, credit note, debit note, consolidated tax invoice and Certificate of tax deduction at sourceOne year imprisonment; or Fine of the same amount of tax payable; or BothSection 111
3Fake or wrong or reused stamp or band roll production, preservation, marketing or usingOne year imprisonment; or Fine of the same amount of tax payable; or BothSection 111
4Fake or wrong or reused stamp or band roll production, preservation, warehousing, marketing or sellingOne year imprisonment; or Fine of the same amount of tax payable; or BothSection 111
5Fake or wrong or reused stamp or band roll production, preservation, warehousing, marketing or selling such product when band roll and stamp is mandatoryOne year imprisonment; or Fine of the same amount of tax payable; or BothSection 111
6Tax evasionOne year imprisonment; or Fine of the same amount of tax payable; or BothSection 111
7Claims tax rebate even if not eligibleOne year imprisonment; or Fine of the same amount of tax payable; or BothSection 111
8Provides false, misleading details or statements to tax officer6 months imprisonment; or Face fines of the tax payable amount; or BothSection 112

9Creates or tries to create obstacles for the VAT officer to follow the regulation6 months imprisonment; or Fine of Tk. 10,000 to Tk. 200,000; or BothSection 113
10Any offence committed by a companyFine unless proven otherwiseSection 116
11Does not withhold VAT despite being withholding entityHalf yearly 2% interestSection 127
12Does not deposit to treasury on time after withholding VAT from supplierNot more than Tk. 25,000Section 85
13Does not deposit VAT payable within due dateMonthly 1% interestSection 127
14Non-compliance or irregularity for not filing the VAT or turnover tax return within the prescribed time periodTk. 5,000Section 85
15Non-compliance or irregularity for not applying for registration or enlistment within prescribed time periodTk. 10,000Section 85
16Non-compliance or irregularity for not displaying the registration or turnover tax certificate in visible placeTk. 10,000Section 85

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