📘 Bangladesh VAT Compliance - Product Overview

👋 Introduction

Welcome to the Bangladesh VAT Compliance app for Frappe.

Navigating the complexities of Value Added Tax (VAT) regulations in Bangladesh can be a daunting task for any business. Manual calculations, disparate record-keeping, and the constant risk of non-compliance penalties create significant operational burdens.

This application is designed to solve these challenges by automating your VAT compliance lifecycle. Built on top of the robust Frappe framework and seamlessly integrated with ERPNext, it ensures accuracy, transparency, and efficiency. From generating compliant Mushak challans to managing complex VDS (VAT Deducted at Source) scenarios and treasury deposits, our solution empowers you to focus on your business while we handle the compliance.

👥 Target Audience

This application is tailored for a wide range of businesses operating in Bangladesh, ensuring adherence to the National Board of Revenue (NBR) regulations.

Business Types

• Traders: Manage inventory and VAT with the Purchase-Sales Ledger (Mushak 6.2.1).

• Retailers: Manage transactions and consumer VAT.

• Manufacturers: Track raw material consumption and finished goods VAT.

• Service Providers: Issue VAT compliant invoices for services.

Key Users

• Accounts Managers: To oversee daily transactions, reconcile ledgers, and ensure every entry is VAT-compliant.

• Compliance Officers: To generate statutory reports (Mushak 6.1, 6.2, etc.) and ensure timely deposits to the government treasury.

🛠️ Features & Capabilities

Understanding the full scope of the application helps you maximize its value for your organization.

✅ What's Included

The app covers the core VAT compliance requirements with deep integration into your daily workflows:

Statutory Forms & Registers

These are the official documents required by the NBR.

• Mushak 6.3 (Tax Invoice): Generate compliant Mushak 6.3 Challans automatically from your Sales Invoices. Track and upload received Mushak 6.3 forms from suppliers to claim rebates.

• Mushak 6.1 (Purchase Register): Automatically updated in real-time as you book Purchase Invoices.

• Mushak 6.2 (Sales Register): Automatically populated from your Sales Invoices, ensuring your sales records are always audit-ready.

• Mushak 6.2.1 (Purchase-Sales Ledger): A combined, automated view of your inventory and VAT liability.

• Mushak 6.6 (VDS Certificate): Generate these certificates with one click when you withhold VAT, ensuring you and your suppliers remain compliant.

Compliance Management

Tools to manage your financial obligations to the government.

• VDS Management: Track VAT Deducted at Source (VDS) from purchases and manage treasury deposits.

• Sales VAT Management: Monitor VAT collected from sales and track payments.

• Treasury Deposits: Create Journal Entries for VAT deposits directly from the compliance reports.

• TIN & BIN Verification: Verify Taxpayer Identification Number (TIN) and Business Identification Number (BIN) for customers and suppliers to ensure compliance.

❌ What's Not Included

To set the right expectations, here is what is currently outside the scope:

• Direct NBR API Integration: Real-time data submission to the NBR server is currently under development.

• Full Income Tax Compliance: This app focuses exclusively on VAT. Income Tax management is a separate domain.

• Auto-generated Mushak 9.1: The monthly VAT return form (9.1) is not yet auto-generated, though the data required for it is available in the registers.

🚀 Product Roadmap

We are committed to evolving with the regulatory landscape. Here is what's coming next:

1. Automated Mushak 9.1: One-click generation of the monthly VAT Return form.

2. NBR API Integration: Direct integration with NBR systems for real-time compliance.

3. Advanced Analytics: Dashboards for deeper insights into your VAT liabilities and input tax credits.

4. Income Tax Compliance: Comprehensive tools for managing income tax obligations and reporting.

🎥 Video Tutorial

Check out our tutorial video to get started: Watch Tutorial