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You can change place of your business concern by applying to the Commissioner in VAT-2.7 Form, 15 (Fifteen) days before transfer of the place of work, topic to justification of such utility. After verification of paperwork and knowledge The commissioner shall enlist or register inside three (three) working days and problem a Business Identification Number in VAT 2.3 from in your favor. One can get the registration certificates On-line or can get from VAT On-line help centre as exhausting copy. You have to take Registration or Enlistment within 15 (Fifteen) days of arising the necessity of Registration or Enlistment. Registration or Enlistment shall take impact from the first date of the next month. Furthermore, the annual turnover of your corporation shall decide applicability of VAT in the business.
In case of imported goods, if no tax apart from Import Obligation is levied, value on which Import Obligation is imposable, shall be the VAT imposable price of the stated items or service. But it won’t impose on items and companies mentioned within the exemption schedule. If any non-resident particular person likes to operate financial activity from a specific place in Bangladesh, he’ll operate his financial exercise or business by appointing a VAT agent. Single registration is enough for all companies/Branch underneath a group (if similar financial activity).This is known as central registration. If separate branch take separate registration, separate accounts should be maintained.
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