73. Repeal and savings.-
73. Repeal and savings.-
(1) On the enactment of this Act the Business Turnover Tax Ordinance, 1982 (XVII of
1982) and the Sales Tax Ordinance, 1982 (XVII of 1982), hereinafter referred to as the said Ordinances, shall stand repealed.
(2) Notwithstanding the repeal of the above Ordinances in the said manner
(a) any proceeding concluded, action or measure under taken under the said ordinances shall, to the extent so far it is not inconsistent with the provisions of this Act, without affecting the action already taken or measure undertaken, be deemed to have been completed or undertaken under this Act;
(b) all rules, orders or notices framed or issued under the said Ordinances shall, subject to their consistency with the provisions of this Act and until they are repealed or amended, remain in force, and shall be deemed to have been made, given or issued under this Act;
(c) any arrear of tax, fees or other dues charged by or under any of said Ordinances which remained outstanding immediately before commencement of this Act, shall be recovered according to the provisions of the said Ordinances as if the Ordinances were not been repealed.
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(3) The VAT Ordinance, 1991 (XXVI of 1991), is hereby repealed.
(4) Notwithstanding the repeal under sub-section (3), under the repealed ordinance
(a) all proceedings completed or measures undertaken shall be deemed to have been completed or undertaken under this Act; and
(b) all rules, orders and notices framed and issued shall, subject to their consistency with the provisions of this Act and until they are repealed or amended remain in force, be deemed to have been made, given or issued under this Act. 739 hitsRead more »
72A. Publication of en English Text etc.-
72A. Publication of en English Text etc.-
(1) After the enactment of this Act, the Government may, if it deems fit, publish an authentic English text of this Act.
(2) In case of any conflict between Bangla and English Text the Bangla text shall prevail. 855 hitsRead more »
72. Power to make rules.-
72. Power to make rules.-
(1) The Board may, for carrying out the purposes of this Act, make rules by notification in the official Gazette.
(2) Specially, and without prejudice to the generality of the aforesaid powers, the rules may be made containing about all or any of the following provisions, namely:
(a) imposition, fixation and collection of value added tax or supplementary duty and for the purpose of such fixation price declaration, price determination and process relating to this, taking rebate (credit) of input tax and defining authorities to discharge duties under this Act;
(b) removal and transportation of goods liable to levy of value added tax from the place of production, manufacture or business;
(c) appointment of Government officer to supervise the application of any rule made under this Act;
(d) storage separately at the place of production or manufacture or supply of taxable goods and exempted goods, and the inputs used for production, Manufacture or supply thereof;
(e) providing necessary information by a person engaged in supply of taxable goods
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or rendering of taxable service under this Act;
(f) supply of taxable goods in particular packets, bags or containers only and compulsory printing, inscribing or knitting of retail price on the packets, bags or containers containing the goods;
(g) confiscation of any goods in relation to which any provision of this Actor any rule is contravened;
(h) collection and examination of samples of goods produced or manufactured or imported, purchase, acquired or procured in any other manner and inspection, search or seizure of transport carrying taxable goods;
(i) export of goods or services and procedure of rebate and drawback related to the export;
(j) authorization to the Commissioner, value added tax to issue written order on any matter arising out of any rule made under this Act;
(k) grant reward in accordance with the provisions of section 71 AA.
(3) The Board may, in accordance with provisions of this section make such Rules without prejudice to any provisions relating to taking any other action under this Act, to impose on the person who contravenes any rule a monetary penalty not exceeding two and half times of the amount of value added tax or, where applicable, value added tax and supplementary duty payable on the relevant goods or service and the goods or service to which the contravention relates shall be forfeited in favour of the Government. 737 hitsRead more »
71AA. Reward for detection unearthing of tax evasion, violation of law,
71AA. Reward for detection unearthing of tax evasion, violation of law, etc.- Notwithstanding anything contained to the contrary in this Act or in any other law for the time being in force, the Board may, in such circumstances and in such manner and to such extent as may be prescribed by rules, grant reward to the following persons:
(a) any person who supplies to ‘a value added tax officer information about violation of any provisions of this Act or of any other law for the time being in fore or regards to evasion or attempt of evasion of tax or revenue payable thereunder, or
(b) any value added tax officer or an officer or employee of any other Government organization or of a local authority who detects or unearths the evasion or attempted evasion of tax or revenue payable under this Act or any other law for the time being in force or identifies violation of any provision thereof and, as a result of supply of such information, detection or unearthing it leads to the following situations, namely.
(i) the seizure and confiscation of goods or other things in relation to which such evasion or attempted evasion of tax or revenue or violation of the provisions of law takes place: or
(ii) the value added tax’ or relevant revenue is collected or, as the case may be, the fine charged upon the person liable is collected under this Act or any other law for the time being in force; or
(iii) the person, guilty under this Act or any other relevant law is prosecuted. 811 hitsRead more »
71A. Power to write off Government dues.
71A. Power to write off Government dues.- In the case of insolvency of a person or dissolution of an organization or for any other reasons, it is certain that value added tax or, where applicable, value added tax and supplementary duty imposed or monetary penalty charged or any amount of money demanded under any undertaking or other document executed under this Act or the rules made thereunder cannot be recovered under section 56 of this Act, the Government may, write off such dues:
Provided that whatever be there in the provisions of other Acts, following writing off of government dues, if it is proved that any property of the responsible person or establishment has been arisen anew, or previously with the view to be immune from
government dues, the concerned person or establishment has become bankrupt with unfair objective of handing over their own properties to other persons or establishments; then there will be priority upon those properties to realize government arrear and that will be realized in the manner as if all responsibility of paying government arrear has been fallen upon the person having the newly arisen property or receiver of property with dishonest desire. 879 hitsRead more »
71. Rectification typographical errors etc.-
71. Rectification typographical errors etc.- Any mistake or mathematical or typographical error made by the Government, the Board or a VAT officer in any assessment of tax, adjudication, decision or order may be rectified by the Government, the Board or any value added tax officer or any person replacing him. 664 hitsRead more »
70A. Value Added Tax Data Processing, Etc
70A. Value Added Tax Data Processing, Etc.- The Board, under its direct supervision and under provisions laid down in Rules and realizing fees could perform through non- government organizations; Value Added Tax registration, return submission, payment of tax electronically and to perform any other related function including data processing, report generation, etc.. 876 hitsRead more »
70. Cases where drawback shall not be allowed
70. Cases where drawback shall not be allowed.- Without prejudice to the provisions of section 13 and notwithstanding anything contained in sections 68 and section 69, no drawback shall be allowed in a case where the conditions specified in section 39 of the Customs Act are applicable. 846 hitsRead more »
69. Drawback on goods used during the period between import and export.-
69. Drawback on goods used during the period between import and export.- Notwithstanding anything contained in section 68, value added tax or, where applicable, value added tax and supplementary Duty in respect of goods which have been used during the period between its import and export, shall be refunded as drawback in accordance with the provisions of the rule made in this behalf. 654 hitsRead more »
68. Drawback on imported goods used for export
68. Drawback on imported goods used for export.- Subject to the provisions of Chapter VI of the Customs Act, value added tax or, where applicable, value added tax and supplementary duty paid on easily identifiable goods during the import into Bangladesh be repaid as drawback if such goods are exported to anywhere outside Bangladesh or have been used as per provisions or stored on board in any foreign going vessel. 842 hits
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