Good News About Metro Rail Fares – Bangladesh Diplomat

The National Board of Revenue (NBR) has decided to exempt metro rail services from VAT in order to reduce the cost of travel. On Monday (January 6), the second secretary of NBR, Barrister Md. This announcement was made in a special order signed by Badruzzaman Munshi.

It is said in this order that Metrorail is playing an important role in reducing traffic congestion and saving working hours as a modern and popular public transport in Bangladesh. Therefore, to increase its popularity, it is necessary to reduce the cost of transportation.

Exemption of VAT levied on fast, safe, eco-friendly and state-of-the-art metro rail services under sub-section (3) of section 126 of the NBR, Value Added Tax and Supplementary Duties Act, 2012 (Act No. 47). decided to give

This decision is said to be effective till December 31 this year.