New VAT law ‘definitely to take effect on July 01’

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Economic Reporter :
There is no possibility to defer implementation of the new VAT law from July 1 next, state minister for finance MA Mannan said on Sunday.
state minister for finance MA Mannan said on Sunday
The National Board of Revenue (NBR) has now planned to introduce new the VAT law from next fiscal year,
“We will implement the new VAT law this time,” he said categorically, addressing a workshop on roadmap to ensure compliance with the new VAT law.
Foreign Investors’ Chamber of Commerce and Industry (FICCI) and the VAT online project of the National Board of Revenue (NBR) jointly organised the day-long workshop at a city hotel to build awareness about the new VAT and Supplementary Duty (SD) Act – 2012.

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