- NBR and BTRC are in conflict over VAT audits for telecom operators.
- VAT department requested documents from BTRC on VAT deductions.
- BTRC is hesitant to provide the requested documents.
- VAT law allows audits of various entities including government and private companies.
- VAT audit directorate expects cooperation from BTRC.
- BTRC conducts audits through chartered accountants and comptroller and auditor general.
- BTRC unclear on document requirements from VAT authorities.
- VAT wing requested documents or exemption proof from BTRC within 15 days.
- VAT audit wing can confiscate documents for non-compliance.
- BTRC deducts 15 percent VAT from cell phone operators.
- VAT wing prefers mutual understanding over conflict.
- BTRC claims regular audits by chartered accountants and comptroller and auditor general.
- BTRC argues VAT law sections do not apply to them.
- VAT directorate seeks cooperation for auditing responsibilities.
Source: today.thefinancialexpress.com.bd
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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