In the old rules of VAT, excise duty is decreasing

Before the excise duty of the bank deposited from 1 lakh to 1 million taka, 500 taka for excise duty, now it will be 150 rupees. From 5 lakhs to 10 lakhs taka, which was announced to the tune of 800 taka, it was made to 500 rupees.At the same time, the new Value Added Tax (VAT / VAT) law is not effective. VAT will be applicable now applicable law. The Value Added Tax and Supplementary Duty Act 2012 will be adjourned for the next two years. As a result, the VAT law is not effective from July 1.In a general discussion on the proposed budget for the year 2017-2018, the parliament leader and Prime Minister Sheikh Hasina announced this.