** Influentials hamper reform process : Economists ** BNP announces march prog on February 11 ** Probe alleged enforced disappearances ** Stolen device worth Tk 47 lakh recovered ** Spy balloon row: High-altitude spying marks new low for US-China ties ** 642 killed in road accidents in January: JKS ** Buriganga River, the lifeline of Dhaka city, suffers from a terrible pollution problem. Every day chemical and household waste, sewage, medical waste, and mountains of plastic continue to pollute Buriganga. Besides, hundreds of plastic recycling factories have been built on both sides of the river. This photo taken on Saturday shows, recycled plastic is being dried in the sun along the banks of the river. Agency photo ** Prisoner dies after being sent to Pabna jail ** FBI searches Biden’s vacation home ** Messi acknowledges Bangladesh's love ** Infection found in 28 districts ** 2 US officials to visit Dhaka this month ** Book Fair sees huge crowd on weekend ** Adani’s $108b crisis shakes investors’ faith in India ** BNP's divisional rallies today ** Shell reports highest profits in 115 years ** Dhaka, Colombo seek greater cooperation through promoting shipping, air connectivity ** People’s sufferings do not move this government ** BERC jacks up LPG price by Tk 266 per 12kg cylinder ** Many motorcyclists chose to ride on the footpaths of Shaheed Tajuddin Ahmed Sarani amid severe traffic congestion in the capital on Thursday, disrupting movement of pedestrians. Agency photo ** A mushroom cultivator plants mushrooms in polythene bags stuffed with sawdust, wheat husk and jute sticks inside a shade made of cogon grass, bamboo in Natore's Jugipara area on Thursday. NN photo ** Export earnings rise by 5.89pc in Jan ** ‘DCs, UNOs run country’ ** Missing B’baria by-polls candidate Asif returns home ** HAAB announces Tk 6.72 lakh private hajj package **

Revenue Board to intensify surveillance as issuing invoice drops

06 December 2022

Staff Reporter :
The National Board of Revenue (NBR) collected Tk 32.29 crore in November this year, up 6 per cent from 30.40 crore in October this year through value-added tax (VAT) machines installed in various retail outlets in Dhaka and Chattogram.
The earnings came through 8,399 Electronic Fiscal Devices (EFDs) and Sales Data Controllers (SDCs) installed in five commissionerates of VAT in the districts.
Meanwhile, the issuing invoice through the devices has declined by 1 per cent to 31.71 lakh while it was 31.89 lakh in October this year.
NBR revealed the data at the Electronic Fiscal Device Management System (EFDMS) lottery programme held at the conference room of its headquarters in the capital on Monday.
NBR member on VAT implementation and IT Moinul Khan said that "The overall performance of the commissionarates is not satisfactory even though the revenue collection through EFDs increased by a little bit."
Khan urged the field officials to enhance the monitoring over the retail sectors so that the VAT evasion is not happening. At the same time, the officials have to increase close surveillances over the potential sector. He stressed that "Any kind of laxness is not desirable from the officials."
"The overall VAT collection increased by a huge through the EFDs operation, assuming that the process is very much effective," Khan also added.
NBR held a draw of its 23rd lottery of the EFD-generated invoices against purchases made by consumers throughout November. The first and second winners, who were not named, received Tk 1 lakh and Tk 50,000, respectively, as prize money. Besides, five consumers were awarded Tk 25,000 five person as the third prize, while 94 others won the fourth prize worth Tk 10,000 each.
The lottery draw is held every month based on the previous month's challans. NBR Chairman Abu Hena Md Rahmatul Muneem inaugurated the EFDMS on August 25, 2019. Later, on February 5, 2020, the revenue board started the lottery system for the first time to motivate customers to provide VAT through EFD machines.

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