2024-06-07 18:12:46
There’s at present a VAT (Worth Added Tax) waiver on Metrorail tickets, which is legitimate until June 30. From July 1, 15 p.c VAT will probably be levied on metro rail tickets. Finance Minister Abul Hasan Muhammad Ali didn’t say something concerning the extension of the VAT waiver interval within the proposed finances for the fiscal yr 2024-25. As VAT is often paid by the patron, if there is no such thing as a determination on VAT waiver on Metrorail tickets by June 30, Metrorail fares will enhance.
Finance Minister Abul Hasan Mahmud Ali proposed the proposed finances within the Jatiya Sangsad on Thursday (June 6) chaired by Speaker Shirin Sharmin Chowdhury. The proposed finances will probably be mentioned within the parliament. The finances will probably be handed on June 30. It should come into impact from July 1 if no new determination is taken inside this era.
Metrorail from Uttara to Agargaon was launched in December 2022. Metrorail is working from final yr to Motijheel in full swing. At current, this city transport system transports roughly two and a half lakh passengers day by day.
From the start of 2023, NBR has taken the initiative to impose VAT on metro rail tickets. On January 22 of that yr, Commissioner of Dhaka South VAT Commissionerate Shaukat Ali wrote to Dhaka Mass Transit Firm Restricted (Metrorail Firm) calling for the imposition of VAT.
Later NBR additionally held a number of conferences with Metrorail authorities. Nonetheless, the NBR ultimately backtracked on the imposition of VAT. In Could 2023, the NBR had issued a notification stating that there can be VAT exemption on metro rail tickets until June 2024.