Automated business establishments will not be required to instal electronic cash registers (ECRs) if they incorporate some specific soft wares into their systems to protect the actual sales data.
The National Board of Revenue (NBR) is expected to issue a statutory Regulatory Order (SRO) to this effect soon.
The board has requested the Bangladesh Association of Software and Information Services (BASIS) and Metropolitan Chamber of Commerce and Industry (MCCI) to submit work plan within a week with a view to incorporating some options into the computerised system of business establishments. The work plan will have to be in line with the guidelines of the government on collection of sales tax.
The NBR has taken the move in the backdrop of resentment among a section of businessmen, who have already computerised their operations.
The revenue board Monday discussed al relevant issues in a meeting with all stakeholders, including shop owners, business associations, to resolve complexities involved in the installation of the ECR.
In the meeting, the board has decided to launch a countrywide motivational programme to create awareness among big and medium business establishments about the positive outcome of the ECR installation.
The NBR also decided to frame a policy to regulate the ECR suppliers who will be capable of providing after-sales service.
The policy will also ensure the actual configuration of the ECR machines as required by the law for getting transparent figure of sales tax.
The NBR is also planning to reduce timeframe for obtaining after-sales service of ECR to five years from 10 years.
The NBR is bringing in the flexibility in response to strong resentment among businessmen over the order relating to ECR introduction.
The NBR order is scheduled to come into effect from January 1, 2009 in city corporations and July 1, 2009 in district towns.
The revenue board has made this order for big and middle business establishments in the services sector following far less-than-actual payment of VAT.
The service providers covered by the NBR order are--hotels, restaurants and fast food shops, sweetmeat shops, furniture sales centres, beauty parlours, community centres, posh shopping centres in metropolitan areas and relevant business organisations, departmental stores, general stores and other big and medium (wholesale and retail) business organisations.
NBR to bring changes in order on ECR in shops
Doulot Akter Mala | Published: July 22, 2008 00:00:00 | Updated: February 01, 2018 00:00:00
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