Mosharraf for using modern technology to collect VAT properly


DHAKA, June 26, 2018 (BSS) – Housing and Public Works Minister Engineer Mosharraf Hossain said revenue collection will increase several times if modern technology is used in collection of Value Added Tax (VAT).

He suggested bringing all shops, business establishments and service providing organizations under Electric Cash Register system to ensure collection and deposit of VAT properly.

The minister said this while speaking at a discussion on the national budget for fiscal year 2018-19 here on Monday.

Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized the discussion with its president Mohammad Selim in the chair.