ACC urges cabinet secy for ensuring ECR installation at all shops

Staff Correspondent | Published: 00:05, Nov 15,2017 | Updated: 22:20, Nov 14,2017

 
 

Anti-Corruption Commission has requested the cabinet secretary for taking measures to ensure installation of electronic cash registers (ECR) at all shops across the country for ensuring revenue collection and preventing corruption.
In a letter sent to cabinet secretary Mohammad Shafiul Alam on November 8, ACC secretary Md Shamsul Arefin said that installation and use of ECR at 11 types of business houses was made mandatory in 2009.
But, most of the shops have not installed the device yet, he said.
Value-added tax is the major source of revenue of the country, but sales record along with information related to VAT are not be preserved by the shop owners as they are not using the ECRs, he added.
There are many allegations that non-installation of ECRs keeps the option of VAT evasion open, the letter read.
In this context, ACC thinks, it is necessary to ensure installation and use of ECR at all shops across the country for getting VAT-related information instantly and bringing transparency in business.
The National Board of Revenue in 2009 made installation and use of ECR mandatory for shops under 11 categories, including hotels, restaurants, sweetmeat shops, departmental and general stores, all shops at shopping malls in metropolitan areas, and medium and large wholesale and retail shops across the country.
Since 2009, field-level VAT officials have identified 11,005 shops eligible for using the technology, of which 8,559 shops have been selected for installation of the system.
But, only 2,970 shops have installed the technology, according to NBR data.
Facing the gloomy picture, the NBR has decided to allow duty-free import of around one lakh ECRs and fiscal printers by private importers to provide the devices at cheaper prices to shopkeepers.

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

images

 

Advertisement

images