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Green Delta Ins launches online VAT software

  • Staff Correspondent
  • 22 August, 2021 12:00 AM
  • Print news
Green Delta Ins launches online VAT software

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Green Delta Insurance Company Limited has launched online VAT return processing software on Thursday through an online video conferencing platform.

As per NBR’s circular issued in 2019, it was advised that all organisations with turnover above Tk 5 crore should implement VAT software for automated return processing, said a press release.

 Complying with NBR’s advisement Green Delta Insurance is the first to implement VAT software in the insurance industry. Member of Insurance Development and Regulatory Authority  Md Dalil Uddin was present as the chief guest, while Sheikh Kabir Hossain, President, Bangladesh Insurance Association, Mafiz Uddin Ahmed, Additional Secretary, Financial Institution Division and Wahida Rahman Chowdhury, Commissioner, were also present as special guests.

MD and CEO of Green Delta Insurance Company Limited Farzanah Chowdhury, AMD and Company Secretary, Syed Moinuddin Ahmed and Financial Controller, Syed Aliul Ahbab, were also present at the launching ceremony.

The VAT Software will automate the whole VAT return processing and will ensure transparency, convenience and timely processing of VAT return.