VAT collection from LTU surges 19pc in six months

Revenue collection under the Large Taxpayer Unit (LTU) of Value Added Tax (VAT) witnessed a 19 per cent growth in the first six months of the fiscal 2017-18.

During the July-December period of FY18, LTU collected Tk 198.74 (19874 crore), up Tk 31.36 billion from the same period of the previous fiscal year (2016-17), reports BSS.

"There was fear of a shortfall in revenue collection due to non-implementation of the VAT law but we've been able to remove this concern. LTU usually collects 56 percent of the total revenue collected target," said VAT LTU commissioner Md Matiur Rahman.