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NBR sues 43 shops for not displaying VAT certificate

Staff Correspondent | Published: 23:45, Jul 13,2020

 
 

VAT intelligence of the National Board of Revenue on Monday lodged cases against 43 shops, including pharmacies, fast food shops, departmental stores and jewellery shops, in Dhaka for irregularities, mainly for not displaying business identification number (BIN) certificates at a place visible to customers.

The VAT Audit, Intelligence, Investigation and Intelligence Directorate of the revenue board filed the cases after conducting drives in various areas in the capital, said a statement issued by the directorate.

The shops include Lazz Pharma at New Eskaton, Mr Bekar and Swiss Bakery on Baily Road, Akij Motors at Bara Magh Bazar, Sananda Jewelers and Khawaza Jewelers at  New Rajdhani Super Market of Tikatuli, Diamond Hardware, Alamin Traders, Asian Tools at Nababpur, Tangail Chamchamghar on Hatkhola Road, Friday Fast Food, Hi-fashion Gallery, Saslic Food, Sapura Silk Mills Ltd at Gulshan Avenue, Ma Electronics at Gulshan 1, Rozi Departmental Stores on Green Road, Medallion Plus at North Dhanmondi and Spring Well Pharmacy and Departmental Store at Panthapath, the statement said.

According to the section 13 of the Value-Added Tax and Supplementary Duty Act-2012, businesses are supposed to display their VAT registration certificates in a place visible to customers on their premises.

Consumers are cheated due to the non-compliance with the rule, it said.

Four teams of the directorate conducted the drives following an instruction of the revenue board which in the first week of July asked the field offices to ensure compliance with the provision of the VAT law.

As per the VAT law provision, VAT officials can impose Tk 10,000 in penalty for not displaying VAT certificate in a place visible to customers in shops and the other business establishments.

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