The first case under the Metro Rail Act has been filed after the brickbat damaged a window glass
Bangladesh lifts VAT on metro rail tickets for a year
The move comes as part of an effort to popularise the mode of transport
Published : 23 May 2023, 01:28 PM
Updated : 23 May 2023, 01:28 PM
The government has waived value added tax on metro rail tickets for a year to ‘ease travelling cost’ for the public transport.
In a recent special order, the National Board of Revenue removed VAT on metro rail tickets until Jun 30, 2024.
The government has yet to impose VAT on the tickets since the service was launched in December last year, according to an NBR official.
The NBR said in the order that metro rail would play a ‘significant role’ in resolving traffic jams in the city and help in saving work hours.
It also said the move was made in an effort to popularise the mode of transport in the initial stages.
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Since the introduction of VAT in 1991, all consecutive governments have relied heavily on indirect taxes to generate revenues
The hours between 8 am to 11 am and 3 pm to 6 pm have been marked as 'peak hours'
The 'peak hours' will be from 8 am to 11 am. During this time, trains will arrive at the metro stations from both directions every 10 minutes
