Palak's letter to withdraw e-commerce VAT

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State Minister for Information Technology Junaid Ahmed Palak has sent a letter to the chairman of the National Board of Revenue to pull back the seven percent VAT proposition proposed to be e-commerce business. He told columnists after the formal initiation of 'Tiger Challenge' in a city hotel on Wednesday.

He said the nation's commerce sector is currently developing. It is presently market of at any rate thousand million. It is progressively growing. Again, it is one of the sectors of employment. So it isn't more right than wrong to force VAT on the part at the present time.

He said that a letter has just been sent to NBR Chairman Musharraf Hossain to withdraw the VAT proposition proposed to impose e-commerce in the financial limit for the monetary year 2019-2020. He conversed with the finance minister about the issue and said he would make a move later.

State Minister for Information Technology additionally said that the NBR director gave positive confirmation about the withdrawal of VAT. We're hoping it will be pulled back.

On Thursday, the Finance Minister AHM Mustafa Kamal introduced a spending proposition for the financial year 2019-2020. He said that the Budget proposes to force 7.5 percent VAT on the web-based sector in the nation.