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Electronic fiscal devices to replace ECR, POS

FE Report | June 08, 2018 00:00:00


The finance minister has proposed mandatory use of new electronic fiscal devices (EFD) in business units to check revenue leakage.

AMA Muhith announced this while placing the budget for the next fiscal year (FY) in parliament on Thursday.

The new electronic fiscal devices will replace the electronic cash register (ECR) and the point of sale (POS).

Muhith said the use of EFD instead of ECR and POS would be made mandatory in all hotels, restaurants, resorts and shops across the country.

This will enable the National Board of Revenue (NBR) to have real-time access to business transactions which will eventually protect revenue leakage and increase revenue collection significantly, he added.

rezamumu@gmail.com


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GLOBALINS 12.8 14.0 12.7 14.0 9.375%
MEGHNACEM 91.1 99.9 92.1 98.1 7.6839%
PROVATIINS 16.4 17.7 16.5 17.5 6.7073%
PURABIGEN 12.4 13.5 12.5 13.2 6.4516%
ASIAINS 16.7 17.7 17.0 17.6 5.3892%
KARNAPHULI 15.0 15.9 15.0 15.8 5.3333%
REPUBLIC 25.1 27.2 25.3 26.4 5.1793%
MIDASFIN 23.1 24.4 23.3 24.2 4.7619%
PRIMEINSUR 12.7 13.6 12.9 13.3 4.7244%
COMPANY YCP HIGH LOW CLOSE %CHG
GLOBALINS 14.0 14.0 12.7 12.7 10.2362%
PARAMOUNT 18.7 18.7 16.7 17.0 10%
GREENDELT 58.9 59.0 52.5 54.0 9.0741%
PURABIGEN 13.3 13.5 12.5 12.5 6.4%
PROVATIINS 17.4 17.7 16.5 16.5 5.4545%
MEGHNACEM 97.0 99.9 92.1 92.1 5.3203%
IFIC1STMF 4.2 4.2 4.0 4.0 5%
POPULAR1MF 4.2 4.2 4.0 4.0 5%
DAFODILCOM 34.9 35.1 33.3 33.3 4.8048%
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ALLTEX 14.0 14.4 12.6 12.6 -10%
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IBP 36.9 37.0 33.5 33.8 -8.4011%
GQBALLPEN 82.5 84.5 75.0 76.1 -7.7576%
COMPANY YCP HIGH LOW CLOSE %CHG
AL-HAJTEX 88.4 105.3 88.4 101.3 -12.7345%
ALLTEX 12.6 14.4 12.6 14.4 -12.5%
GQBALLPEN 75.0 84.5 75.0 84.4 -11.1374%
CAPMIBBLMF 10.4 11.6 10.4 11.6 -10.3448%
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ARAMIT 431.1 463.0 429.0 463.0 -6.8898%