simecsystem

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VAT Management System

VAT Management System

SIMEC has developed a comprehensive VAT Management Software that is officially approved by the National Board of Revenue (NBR), Bangladesh. In line with the VAT & SD Act, this software is designed to help businesses across various sectors maintain accurate, compliant, and digital VAT records as mandated by the government.

With the NBR making it mandatory for VAT-registered entities having an annual turnover exceeding BDT 50 lakh to use NBR-approved VAT software, SIMEC’s solution provides a ready-to-implement, end-to-end platform for seamless VAT compliance.

Key Features of VAT Management System

  • User Management: Role-based access control for secure operations across departments.
  • System Configuration: Easy setup and customizable configurations based on business needs.
  • Supplier & Customer Management: Centralized management of supplier and customer profiles and transactions.
  • Product Management: Define VAT rates, HS codes, and units; supports multiple product categories.
  • Purchase Management: Records local and import purchases with real-time VAT calculations.
  • Warehouse & Stock Management: Tracks stock levels, inventory movement, and valuation.
  • Treasury Challan Management: Automated preparation and submission of treasury challans.
  • Sales Management: Handles VAT invoices, price declarations, and credit notes with full audit trails.
  • Product Transfer: Tracks inter-branch or inter-warehouse product movements.
  • Mushak Generation: Automated generation of all NBR-prescribed Mushaks (e.g., Mushak-6.3, 6.4, 6.5, 9.1, etc.).
  • MIS Reports: Real-time dashboards and customizable management reports for business insights and audit readiness.

Benefits of VAT Management System

  • Full NBR Compliance: Built according to the latest VAT & SD Act guidelines ensuring error-free submission.
  • Operational Efficiency: Reduces manual paperwork and speeds up VAT-related processes.
  • Accurate Tax Filing: Ensures proper VAT calculations, minimization of human error, and timely filing.
  • Audit Ready: Maintains digital audit trails for all transactions, aiding internal and external audits.
  • Scalability: Supports businesses of all sizes, from SMEs to large enterprises.
  • User-Friendly Interface: Intuitive design with multilingual support for easy adoption across teams.
  • Cloud or On-Premise Deployment: Flexible deployment options based on client requirements.

Clients of the Software

SIMEC’s VAT Management Software is a trusted solution for businesses seeking hassle-free VAT compliance and streamlined tax operations. With full support for all business verticals, it is the smart choice for modern enterprises in Bangladesh.

Bangladesh Gas Field limited (BGFCL)

Minister Group

Rangs Group

Padma Oil

Eastern Cables Ltd.

MBM Group

Shamsul Alamin

Aman Graphics

Ventura Leather