VAT (Vat Deduction at Source-VDS) Circle
They demanded that we pay VDS on our earnings, but we clearly informed the revenue officer that we are exempt from paying VAT as per the Supreme Court order. However, he demanded that we pay under the table Tk. 4,000,000; otherwise, they will issue a demand note on our total earnings, which may be Tk. 18,000,000. As we kept refusing payment of 4 million, they came down to Tk. 2 million, but we still refused to pay. We took the matter to the higher authorities and explained our position; they told us they would look into it and get back to us. We are now waiting and hope good sense will prevail.