Sunday, October 18, 2015
Thursday, October 15, 2015
Wednesday, October 14, 2015
Monday, October 12, 2015
Saturday, October 10, 2015
VAT Collection
Date: 10.October.2015
NOTICE
Dear
Parents,
The
school authority strongly feels the necessity of informing the parents
regarding the recent changes in the VAT collection.
The
Government of Republic of Bangladesh had started collecting 4.5 % VAT from English
Medium Schools from 2007 and the earlier SRO No: 173 has been replaced by the
Honorable the High Court Division of Supreme Court of Bangladesh with the new
SRO dated on 5th June 2014. This had replaced the previous 4.5% VAT
with 7.5%. Therefore, the school had collected 7.5% VAT for the Academic year
of 2014-2015.
On
17th September 2015, the Honorable High Court of Division of Supreme
Court of Bangladesh has issued an order in response to Writ Petition (No: 10127
of 2015). With this order the educational institutions are asked to suspend the
existing VAT amount (7.5%) until the matter is fully clarified. In the
meantime, the school has attempted to understand the nature of the order by
seeking an answer from the respective authorities.
Taking
the aforesaid facts into consideration, until this ambiguity has been
clarified, the school will collect the VAT in order to deposit the collected
amount to the VAT office in case the Government decrees that the schools are
required to deposit the VAT.
If the
VAT is fully nullified in favor of parents of educational institutions
preceding the 6-month suspension, the school will adjust the collected amount
in the last installment of the tuition fees.
The
school is committed to act in accordance with the government’s specification.
Please
bear with us while we try to alleviate the situation.
Thank
you for your understanding and cooperation.
For
further enquiry, you can e-mail us at: gulshansection@ithsbd.net
The School Authority
Thursday, October 8, 2015
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