1. What are the procedures of enlistment in context with the Value Added Tax and Supplementary DutyAct, 2012? *

2. How to determine the thresholds of turnover of any person which creates obligation to obtain registration and enlistment?

3. Write down the names of items which are not eligible for claiming input tax credit by makingreference to the provisions of the VAT & SD Act, 2012.

4. Under what grounds, no VAT shall be deducted or withheld at source?

5. What is a perquisite? Give some examples of perquisite. What is the residency requirement for a company?

6. State why is input tax credit mechanism the core of Value Added Tax?

7. How does tax evasion differ from tax avoidance?

8. Nidhiram, an indian citizen left Bangladesh on June 30, 2019 after living in Bangladesh for 2 years. Before last 2 years, he worked in Bangladesh for 5 years. He came back to Bangladesh on February 1, 2020 and worked, then leaveleft Bngladesh again on May 30, 2020. He came back on July 1, 2020. Is he a resident for income year 2019-2020?

9. Sumitra devi, an Indian citizen, has a property in Bangladesh and is a resident. She also has property in India where she earns 500,OOO rupees ( 1 rupee =2 BDT)? What is her foreign income?

10. Mr. Faizan is the Head of Taxation of RX Limited. During the financial year 2019-20 he earned followingincome:Mr. Faizan received Taka 12,00,000 as cash salary out of which basic pay was 60%, medical allowancewas 20%, transport allowance was 15% and education allowance for children was 5%. The companyprovided him with a car for official and his family use. He was also provided with a residential houseagainst which the company incurred rental expense of Taka 3,10,000. Though the company has aRecognized Provident Fund, Mr. Faizan did not apply for becoming the member of that Fund. As per theProvident Fund Rules, the contribution to the Fund by the employer is 8% of basic pay. In addition, he made the following transactions relating to financial year 2019-2020:Donation made to the Zakat Fund Taka 10,000, purchased share of a private limited company Taka20,000 and paid Taka 15,000 as Life Insurance Premium. Please compute total income and tax liability of Mr. Faizan for the assessment year 2020-21 consideringthe above information.

11. Please explain 5 score of Bangladesh income tax laws and 5 scope of Bangladesh Value added tax law.

12. Please explain the difference between sales tax and VAT.