Thursday 18 October 2018 ,
Latest News
  • Legendary singer Ayub Bachhu passes away
  • Dhaka, Riyadh sign 5 MoUs
  • Govt forms taskforce for physical arrangements
  • NBR rolling out e-fiscal devices to check VAT evasion
  • Bangladesh moves down in global competitiveness index
  • 2 female ‘militants’ surrender at Narsingdi hideout
13 March, 2018 08:26:24 AM

Print

VAT collection under LTU witnesses 30pc growth in Feb

Independent Online Desk
VAT collection under LTU witnesses 30pc growth in Feb

Revenue collection under the Large Taxpayer Unit (LTU) of Value Added Tax (VAT) witnessed a 30 per cent growth in February of the current fiscal (FY18) as the unit collected Taka 3,563 crore, up Taka 822.67 crore from February of previous fiscal year (FY17), reports BSS.

During the first eight months (July-February) of fiscal year 2017-18 (FY18), LTU collected a total of Tk 18,272.59 crore, up by 19 per cent from Tk 17,229.36 crore of the same period of FY17.

Talking to the news agency, VAT LTU commissioner Md Matiur Rahman said the unit has been possible to achieve higher growth in revenue collection because it has taken a time-befitting strategy and intensified supervision, VAT auditing and recovery of arrears.

He said the LTU realized a significant amount of outstanding VAT from Petrobangla, mobile-phone operators and other establishments.

KK

.

Comments

Poll
Today's Question »
A DU student continued hunger strike yesterday demanding retake of 'Gha' unit entry test over allegations of question leak. Do you think he can change the tide of question leak?
 Yes
 No
 No Comment
Yes 36.6%
No 55.4%
No Comment 7.9%
Video
More Business Stories

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting