Outsourcing firm Genex Infosys to facilitate 3 lakh Vat collecting machines | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Outsourcing firm Genex Infosys to facilitate 3 lakh Vat collecting machines

NBR

TBS Report
15 September, 2022, 08:35 pm
Last modified: 15 September, 2022, 08:40 pm

Related News

  • NBR withdraws advance tax on imports of cotton, man-made fibres
  • 8 more tax, VAT officials suspended over defying transfer orders
  • Body formed to assess economic losses due to NBR officials' shutdown
  • NBR selects over 15,000 tax files for audit via random selection
  • 14 NBR officials suspended for 'openly tearing up transfer orders'

Outsourcing firm Genex Infosys to facilitate 3 lakh Vat collecting machines

TBS Report
15 September, 2022, 08:35 pm
Last modified: 15 September, 2022, 08:40 pm
Outsourcing firm Genex Infosys to facilitate 3 lakh Vat collecting machines

Genex Infosys Limited, a leading outsourcing firm, will facilitate installing 3 lakh Vat collecting machines in Dhaka city, adjoining areas and Chattogram city in the next three years.

Genex Infosys got selected as a vendor to collect value-added tax (Vat) on behalf of the government, which was approved by the Cabinet Committee on Government Purchase (CCGP), at a virtual meeting on Wednesday.

Finance Minister AHM Mustafa Kamal presided over the virtual meeting where CCGP members were also present.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Genex Infosys was selected through an open tender, said Additional Secretary of the Cabinet Division Abdul Barik while briefing on the decisions of the committee.

He also mentioned that Genex as the lowest bidder won the contract in three lots to supply and install Electronic Fiscal Device (EFD) and Sales Data Controller (SDC) or Vat collecting machines at different types of retail shops.

Earlier, the Cabinet Committee on Economic Affairs gave its nod in principle to this decision of the National Board of Revenue (NBR) on 31 August.

Abdul Barik said the vendor will supply and install the machines at its own cost and it will get 0.52%-0.538% of the collected money as a service charge in return while depositing it to the government.

It will also carry out the operation and maintenance work as well, he added.

According to NBR officials, it's not possible for the government to operate so many machines across the country, that's why service outsourcing is being done.

Although the installation operation of EFD machines started two years ago, the progress is somewhat slow.

Top News

Genex Infosys / vat / NBR

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • File photo of Bangladesh Bank. Photo: TBS
    Governor Mansur orders withdrawal of BB dress code
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 
  •  ABM Khairul Haque. File Photo: Collected
    Former chief justice Khairul Haque detained

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
    BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 

Related News

  • NBR withdraws advance tax on imports of cotton, man-made fibres
  • 8 more tax, VAT officials suspended over defying transfer orders
  • Body formed to assess economic losses due to NBR officials' shutdown
  • NBR selects over 15,000 tax files for audit via random selection
  • 14 NBR officials suspended for 'openly tearing up transfer orders'

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

12h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

Thai-Cambodian troops clash over disputed border

Thai-Cambodian troops clash over disputed border

27m | TBS World
Former chief justice Khairul Haque detained

Former chief justice Khairul Haque detained

1h | TBS Today
Why are there renewed tensions between Iran and Israel?

Why are there renewed tensions between Iran and Israel?

2h | Others
Coca-Cola is launching a 'Trump version' made with cane sugar

Coca-Cola is launching a 'Trump version' made with cane sugar

3h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net