The New Nation - Internet Edition

UNB, Sylhet

Divisional Customs, Excise and VAT Commissionerate reaslised Tk 55.45 crore as VAT in fiscal 2007-08 surpassing all previous records.

Sources said the amount was collected against the target of Tk 47.26 crore. In 2006-07 fiscal Tk 38.18 crore was collected against the target of Tk 47.14 crore.

District Excise and VAT circle sources said the VAT was realised in different rates from retail and wholesale traders in two phases.

The sources said private clinics and hospitals paid 2.25%, construction companies 4.5%, transport contractors 4.5%, lease holders 15% and suppliers 2.5% VAT during the last fiscal year.

Customs, Excise and VAT commissioner Shahabuddin Nagari said the success was achieved as various fruitful measures were taken in this regard.

He said the four VAT circles in Sylhet, Sunamganj, Moulvibazar and Habiganj under the Divisional Excise and VAT Department collected the VAT.