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Multiple VAT registration becomes a bane of manufacturers

Most of the manufacturing industries, despite maintaining financial statements centrally, are unable to obtain central VAT registration due to a ‘faulty’ piece of legislation, businesses alleged.

Large companies having multiple distribution centres have to obtain VAT registration for each of their units from VAT offices, as they are unable to meet the complex criteria of central registration rules.

Source: thefinancialexpress.com.bd

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