VAT Matters! | The Daily Star
12:00 AM, March 20, 2019 / LAST MODIFIED: 01:48 AM, March 20, 2019

VAT Matters!

In expediting the economic development of the country, there is no alternative to increasing Value Added Tax (VAT) revenue collection. It is compulsory to use National Board of Revenue (NBR) approved software for sale or transaction in the company's (whose turnover is yearly 5 core taka or more). From 2019 onward this rule of NBR has come into effect.

According to the rules of NBR, 11 companies have created VAT software through which the VAT of the purchased raw materials can be easily calculated. It will also help company owners easily determine the correct prices including VAT of the finished product. Hence make profit out of the business. These software's will properly calculate VAT part of each transaction so that NBR & companies stay on the same board.

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NBR approved organisations are –Mediasoft, Dhrupadi Techno Consortium Limited, Best Business Bond Ltd., Symphony Softtech Ltd., UY Systems Ltd, Ennova Technologies, Unisoft Systems Limited, CSL Software Resources Limited, Allied Information, Jabosoft Information, Divine IT Limited.

BASIS SoftExpo 2019 will be a great opportunity for the business institutions to get all of these NBR approved VAT software companies under one umbrella. In BASIS SoftExpo, these companies have participated at VAT Zone. So corporates can easily compare between the software functionalities and find the best solution for their company.

BASIS SoftExpo has started yesterday, will go on till 21 March, 2019 at ICCB, Bashundhara.

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