BSS-49 3 Cement Cos pay TK 30cr VAT

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ZCZC

BSS-49

VAT-PAYMENT

3 Cement Cos pay TK 30cr VAT

DHAKA, Jan 31, 2019 (BSS) – Three multinational cement companies paid
Taka 30.12 crore as arrears value added tax (VAT) to the National Board of
Revenue (NBR).

Large Taxpayers Unit (LTU) Commissioner Muhammad Mubinul Kabir told BSS
today that the companies deposited the payment this month.

He said cement products are sold as approved price, below approved price
and higher approved price but the companies used to pay VAT as per approved
price.

However, when the cement companies sell their product at higher approved
price, they don’t deposit the additional amount of VAT that they receive,
added Kabir.

He said they after conducting audit found the unpaid VAT amount and
issued notice to four cement companies.

The remaining company would pay the arrear VAT in the next week, added
the LTU Commissioner.

BSS/Trans/RI/MAK/ARS/1926 hrs