Welcome

To
Presentation on

BSRM Steels Limited (Melting-2)

How we calculate VAT?

VALUE * RATE= VAT AMOUNTS

Code Service Previous Rate New Rate
S008.10 Printing Press 15% 10%
S009.00 Auctioneer 15% 10%
S013.00 Automated Laundry 15% 10%
S014.00 Indenting Firm 15% 5%
S018.00 Film Studio 15% 10%
S023.10 Cinema Hall 15% 10%
S023.20 Film Distributor 15% 10%
S031.00 Repair & Servicing 15% 10%
S036.20 Air Condition Launch Service 15% 5%
S040.00 Security Service 15% 10%
S042.00 Automated Sawmill 15% 10%
S047.00 Sports Organizer 15% 10%
S053.00 Board Meeting Attendee 15% 10%
S063.00 Tailoring Shop & Tailors 15% 10%
Organization Performing the works of
S065.00 Cleaning and maintenance of Building & 15% 10%
Floor
S066.00 Seller of Lottery ticket 15% 10%
S076.00 Social & Sport Club 15% 10%
S004.00 Construction Firm 7% 7.5%
S024.10 Furniture Manufacturers 7% 7.5%
S037.00 Procurement Provider 5% 7.5%
S060.00 Purchaser of Auctioned Goods 5% 7.5%
S064.10 Amusement park & theme Park 5% 7.5%
S078.00 Own branded readymade Garments 5% 7.5%
S079.00 Social media and virtual business 5% 7.5%
AKHTAR@STEELS
Challan Patra
With VAT
Challan Patra
without VAT

Saikat@STEELS
Enlistment & Registration

 BDT 50 Lakh >Turnover

No Enlistment & Registration

 BDT 50 Lakh <Turnover>Tk. 3 crore

Enlistment

 BDT 3 crore <Turnover

Registration

Saikat@STEELS-2
Rates
• VAT rate 15%, 10%, 7.5%, 5%, 4.5%, 2.4%, 2%
• VAT Fixed Amount BDT 4, 200, 450,500, 700, 1000,
1200, 1600, 2000
• VAT rate for export 0%
• Turnover Tax Rate 4%
• Supplementary Duty Rate as per 2nd Schedule
• Advance tax (AT) 5%
• Withholding VAT (VDS) Full VAT amounts
except 15% paid Goods & Service.

Value Added Tax shall be imposed and payable on Taxable import &
Taxable supplies
Some Decisions
• No inter Company Purchase of Ribbed wire, MS Rod, Angle,
Channel, scrap etc. It will attract VAT Tk. 1000, 5% trading
VAT and AIT 3%.
• Locally procured (we supplied to different projects by
procuring from local sources) items VAT will be 10% (5% at
purchase and 5% at sale).
• Both from buyers and sellers BIN or NID to be Collected and
inserted in 6.3 as well as purchase/Sales book.
• If purchase or sale value is more than Tk. 2.00 lac then we
need to submit monthly 6.10 (List of purchase and Sales).
Some Decisions
• If we procured Locally imported items, the item name in
Mushak 6.3 will be same in bill of entry of importer.
• All suppliers of Jubilee Road will be considered as “Traders”
and we will deduct 5% VAT.
• All project contractors will be considered as “যোগানদার
(Procurement Provider) “ and
• we will deduct 7.5% VAT If they will not issue mushak 6.3.
• We will deduct total mentioned VAT amounts if they provide
Mushak 6.3.
• We will not deduct VAT If they issue mushak 6.3 with 15% VAT.

AKHTAR@STEELS