Presented by: Mohammad Kamrujaman, ACCA
Date: 1 May 2020

Books and Records to be maintained by a registered person under VAT
and SD Act.

Preparation and submission of VAT Return (Mushak-9.1).
A registered person shall maintain the following documents and records, whichever is applicable,
in the form and procedure mentioned against them in his place or places of supply
Mushak-6.1: Books of Accounts for purchase
Mushak-6.2: Books of Accounts for sale
Mushak-6.2.1: Combined Books of Accounts for purchase & Sales
Mushak-6.3: VAT Invoice
Mushak-6.4: Invoice for contractual manufacturing
Mushak-6.5: Invoice of transfer of goods
Mushak-6.6: Certificate for tax deduction at source.
Mushak-6.7: Credit Note.
Mushak-6.8: Debit Note.
Mushak-6.9: Turnover Tax invoice
Mushak-6.10: Invoice data for purchase/sales over two lakh taka
Books of Accounts for purchase
A registered person shall maintain and preserve “Mushak-6.1” accounts/register for
all his purchases related to his economic activity.
Books of Accounts for sales
A registered person shall maintain and preserve “Mushak-6.2” accounts/register for
all his sales to his economic activity.
Combined Books of Accounts for purchase & Sales
A registered person shall preserve “Mushak-6.2.1” form accounts of all his purchases &
sales related to his economic activity if he sells the same goods without any changes
in nature, shape and quality of the goods, which he purchases.
VAT Invoice
Every registered supplier shall, at the date when VAT becomes payable
on the taxable supply, issue, on or before such date, a serially
numbered VAT invoice as per rule.
A VAT invoice will issue against each supply in “Mushak-6.3” form
The name, address and business identification number (BIN) of the
buyer is mandatorily to be mentioned if the value of the supply is
more than Taka 25,000.00 (twenty- five thousand) only.
Certificate for tax deduction at source
A registered person, if that person is a withholding entity or authorized by law, shall
issue “Mushak-6.6”, after VAT deduction at source for supplies those are other than
standard rated supply.
Credit notes and debit notes:
For issuing credit notes and debit notes following information must be
provide in Mushak-6.7 and Mushak-6.8
• serial number.
• issue date and time.
• name, address and BIN number of supplier.
• the serial number, date and time of the relevant original tax invoice .
• the nature of the adjustment.
• the effect on the amount of VAT.
• name, address and BIN number of recipient if the amount is more
then Tk. 5,000.
Book & Record keeping:
Every taxpayer shall, in such form and manner as may be prescribed, keep,
for a period of 5 (five) years, all accounts documents and other records of his
economic activities to facilitate assessment of his tax liability and other
obligations.
It is 3 years for 100% export-oriented company.
Registered person shall submit VAT return in “Mushak-9.1” form.
Enlisted person shall submit Turnover Tax return in “Mushak-9.2” form.
Late filing of return:
Time for filling a return can be extended by 1 month through application to the
Commissioner.
If a person wants to submit return with delay in a tax period, he may file an
application to the Commissioner in “Mushak-9.3” form minimum 7 (seven)
days before the end of the said tax period by citing proper reasons.
If late submission of return is approved and if it is submitted within the
approved time, then the concerned registered or enlisted person shall not
have to pay fine under Clause (f) of Sub-Section (1) of Section 85 but he will
have to pay interest U/S 127 of the VAT & SD Act, 2012.
Example
XYZ Ltd.
Last Date of
Submission
Able to
Submit
Mushak-9.1
for April’20
Yes
No
Permission
taken for late
submission
Yes
No
1. Tk.10K shall be fine
Note
2.1 2% monthly interest on VAT payable.
2.2 2% per six months on VDS payable.
Penalty/
Interest
15 May’20
No
15 Sept’19
Note 2
Note 1
Note 2
Amendments to return:
• By prior permission of commissioner, amendment to return is applicable
for clerical error, errors in calculation and any other error.
• As result of any amendment made under this section and returns may be
filed without paying monetary penalty.
• Amendment can be made with in 4 years after submission of said return.
Immediately after such errors are identified, the taxpayer shall address
the errors via VAT online system or to the Commissioner by submitting
application in form “Mushak-9.4”.
Preparation of monthly VAT Return i.e. Mushak-9.1
Presenter’s details
Mohammad Kamrujaman, ACCA
Deputy Manager, Finance & Accounts
Ifad Multi Products Limited
+8801911258624 (Available on WhatsApp)
mk.jaman7@gmail.com