Dhaka West VAT Commissionerate fetches Tk 3,000cr revenue

Business Desk :
The Customs, Excise and VAT Commissionerate (Dhaka West) under the National Board of Revenue (NBR) fetched Taka 3,000 crore as revenue from VAT in the last fiscal year (2020-2021) having a 7 percent growth.
The revenue collection from this VAT Commissionerate totaled Taka 2,822 crore in the previous fiscal year (FY20).
The concerned authorities said that apart from checking tax evasion, the Dhaka West Commissionerate witnessed higher growth in revenue collection despite the pandemic as revenue generation increases to a significant rate in the productive sector.
 Talking to BSS, Commissioner of Customs, Excise and VAT (Dhaka West), Syed Mushfiqur Rahman, said that the international trade fair did not take place this time due to the pandemic.
Side by side, he said the Bangabandhu International Conference Center remained closed, the implementation rate of development projects also remained a bit low for which there was less realization of tax at source in the last fiscal year.
 “But, the VAT collection increases despite the pandemic since revenue collection increases in the productive sector as well as efforts were made to check VAT evasion,” he added.