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GP pays Tk 100cr unpaid VAT

Published : Thursday, 5 December, 2019 at 12:00 AM  Count : 59
Business Report

Grameenphone (GP), the leading mobile phone operator in the country has deposited Taka 100 crore to the national exchequer as unpaid Value Added Tax (VAT) after a long dispute with the National Board of Revenue (NBR).
The money was deposited to the exchequer last week for unpaid VAT of a total amount of around Taka 700 crore unearthed through a special NBR audit, official sources said.
A senior official in Large Taxpayer Unit (LTU) at NBR said GP did not deposit the VAT amount during their payment to different organizations against receiving services. "Now, a portion of the total unpaid VAT was deposited by GP after the audit claim."
The official, however, said GP raised a few observations regarding the audit although they deposited Taka 100 crore as unpaid VAT. NBR has now formed a committee led by an additional commissioner of LTU to scrutinize the GP's observations.

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