The government implemented much-talked-about ‘Value Added Tax (VAT) and Supplementary Duty Act 2012’ from July 1, with four slabs including the existing 15%.
Also there will be three different VAT rates like 10%, 7.5% and 5% rate for specific goods and services.
The government enacted the law seven years ago but had to retract its implementation amid protests from business community several times demanding some reforms.
Even the registration process is much critical under this act. you may required following document for VAT Registration,
Trade License
Income Tax Certificated of Directors
Bank Statement for last at least 2 months
NID Cards of Directors
Office rent deed or ownership deed
IRC/ERC (If Applicable)
Previous BIN/VAT Registration Number (If Applicable)