Keep daily essentials out of new VAT law ambit: CAB
Published : Saturday, 22 June, 2019 at 9:56 PM Count : 292
Consumers Association of Bangladesh (CAB) on Saturday urged the government to keep the daily essentials out of the purview of the new VAT law for the sake of poor people.
It made the call at a press conference at the Sagar-Runi Auditorium of Dhaka Reporters' Unity (DRU), UNB reports.
In the written statement, CAB President Ghulam Rahman said the government has taken steps to implement the VAT Act-2012 in the 2019-20 fiscal year. "There're provisions of realising 5, 7.5, and 10 percent VAT apart from unified 15 percent one which will force consumers to pay extra tax," he said.
Besides, VAT has been proposed on some essential goods, including edible oil, he said. "So, their prices will go up. We hope the government will keep daily essentials out of the purview of the VAT law after discussions in Parliament."