Business Desk :
The National Board of Revenue (NBR) on Sunday held its 10th lottery on value added tax (VAT) receipts generated through electronic fiscal devices (EFD) against purchases made by consumers from stores.
The move aims to encourage people to ask salespeople for machine-generated receipts in order to ensure that the actual amount of VAT, a type of consumption tax, goes to the state coffers properly.
The lottery was held on the invoices issued throughout October.
The invoice numbers of 101 winners were announced in the EFD lottery held at the conference room of the National Board of Revenue (NBR) headquarters in the capital.
The first prize of Tk1 lakh went to invoice/coupon number 001321VRCULXL034 while invoice number 003821YWBYDED207 won the second prize of Tk50,000.
Five consumers also won the third prize worth Tk25,000 each while 94 consumers won the fourth prize worth Tk10,000 each.
The third prize winning invoice numbers are 001921MGNXOJV598, 000121RXHKGFB661, 001921MGNXOJV598, 000021QOHITIU888, 002321MIBMAGO006 and 001921SYMDETF334.
NBR member (VAT implementation and IT) Abdul Mannan Shikder presided over the event.
The revenue board holds this lottery every month on EFD generated VAT invoices of the previous month to encourage consumers to buy products from shops that had installed EFDs and to obtain EFD-generated VAT invoices against any purchase.
It will also ensure that the VAT collected from consumers by shopkeepers will go to the government exchequer.
So far, NBR has installed EFDs in 3,393 businesses in Dhaka and Chittagong, which have been provided free of cost.
But recently NBR has moved away from the decision to distribute free VAT machines to at least 100,000 business organizations.
NBR Chairman Abu Hena Mohammad inaugurated the EFD on August 25, 2019, to ensure transparency and accountability in VAT collection.
The first lottery draw for EFD invoices was held on February 5 earlier this year.
