Bangladesh, Sept. 24 -- Large companies that are producing backward linkage products are facing difficulties in obtaining business identity.
The National Board of Revenue issues central Business Identification Numbers.
In the 1991 Vat law, companies that maintain a central accounts system were enjoying the central registration facility.
However, the complexities erupted after the new Vat law, in place from July 1, 2019, has offered the central registration facility for the manufacturers that are producing 'similar and identical' products.
Some companies, especially from the pharmaceuticals sector, have raised the complaints after the field-level Vat offices declined to issue central registration in their favour.
The Bangladesh Associat...