AUDITOR'S REPORT
Audit completion date: 14-12-2021.
Senior Secretary
Internal Resources Division
Ministry of Finance
Bangladesh Secretariat, Dhaka.
We have audited the accompanying Financial Statement of "Value Added Tax and Supplementary
Duty Act, 2012 Implementation (VAT: Online) Project" financed by IDA credit no.5426-BD of 30
June, 2021 and for the year then ended. Preparation of Financial Statement is the responsibility of
management. Our responsibility is to express an opinion on the Financial Statement based on our
audit.
We conducted our audit in accordance with International Standards on Auditing. Those standards
require that we plan & perform our audit to obtain reasonable assurance about whether the Financial
Statement is free from material misstatement. An audit includes examining on a test basis, evidences
supporting the amounts and disclosures in the Financial Statement. An audit also includes assessing
the accounting principles used & significant estimates made by management, as well as evaluating
the overall Financial Statement presentation. We believe that our audit provides a reasonable basis
for our opinion.
In our opinion, the financial statement gives a true and fair view in all material respects of the
financial position of "Value Added Tax and Supplementary Duty Act, 2012 Implementation (VAT:
Online) Project" as of 30 June, 2021 and the results of its operations and cash flows for the year then
ended in accordance with cash basis of accounting followed by the Government of Bangladesh.
The Project accounts properly present the expenditure for the year ended 30-06-2021.
Opinion status: - Unqualified
(ATM Mahfuzar Rahman)
Director
For Director General
Revenue Audit Directorate
Tel: 028392602


VAT Online Project
Project Financial Statement
30th June, 2021
Notes      Cumulative     Current       Cumulative
Resources                                     Prior Period    Period      Current Period
58,21.36    82,53.71         140,75.07
Government of Bangladesh                          1971,40.31    950.51         206,90.82
Loan from Development Partner
Other resources
Cash opening balance                                                           347,6 9
Total Resources                                  255,61.67    92,04.22
Expenditure and Cash                                  187.19       30-16           217.3
i.. Payment of Salary/Outsourcing                     171        30.1             10.73
2. Festival                                            1.7       0.00107
3. Over Time                                            1.972 09003.97
740.392
4. Office Rent                                        740536        12             23663
5. Mobile Phone/ Internet/ Gas/ Oil /9.1                           41
Electricity/WASA//books/Entertainment               2                             2406.49
isGneatr                                       220       0.0
6. Advertisement& Campaign                                        1   522.841     141.4
Sar Workshop/Training g Bl.2                                                      15.
Consutancy (nt.+ national)                                       8 1815.7
Offening ccu42.03
11.Honrai m Ineni .ve65.70                           27.71            93.41
12  epi  Manance (Building &49652.6485
Motors)-85.22949
13Itertd a  anemnt                           12701123     025.00            1315.20
14. Vehicles                                         19.0.00                       192.60
15. Generator                                       1272.84       13.61           141145U
16. ogistics Viz/Furniture/Equipment.               1256.67   92,0.22         34475
Total Expenditure                                  255,61.67     920422          347,6589
Cash Closing Balance
ImprestAccount
Opening Account (RPA)
Total Expenditure and Cash-256.7                                 90.2'                SR
The accompanying notes are an integral part of this financial statement.
(Kazi Mostafizur Rahman)
Commissioner
IVAS Administrative Unit
Vt-e        ecto?
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VAT Online Project
NOTES TO FINANCIAL STATEMENT
30th June, 2021
1 Govere   o  by the   overnment of Bangladesh to cover GOB's share of eligible project
expenditures, as specified in the Project Proforma and in the Annual Development Programme for each
of the project. Any allocated funds that have not been expended by the end of a fiscal year lapse and
must be returned to GOB. GOB contribution to the project since inception are as follows.
Inception to 30th  For the year    Inception to 30th
June, 2020        2020-21         June, 2021
Disbursement by GOB                   200,40.20        83,85.75          284,25.95
Less: Refund to GOB                   142,18.84          132.04          143,50.88
Toale:eun  oG                        58,21.36        82,53.71          140,75.07
2. LOAN/GRANT FROM DEVELOPMENT PARTNER:
Inception to 30th  For the year    Inception to 30th
June, 2020        2020-21         June, 2021
Initial Deposit (Advance)
DPA (Direct Payment)
RPA (SOE Procedure)
RPA (Non SOEi Procedur                                   905126,08
Others.3                                       90.51           206,90.82
Total                                 197,40.31          950526,08
3. OTHER RESOURCES:
Others resources consist of the following:
Incetio to 30h Fr the year    inception to 30th
June, 2020        2020-21         June, 2021
Project Revenues
Exchange gains/losses
Total
4. CASH:
Inception to 30th  For the year    Inception to 30th
June, 2020        2020-21         June, 2021
!mprest Account
Imprest Account
Opening Account (RPA)
Opening Account (GOB)
Total
(Kazi Mostafizur Rahman)
Commissioner
VAS Administrative Unit
,Ve7aX    to'
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