Dhaka, June 30 -- The National Board of Revenue (NBR) has introduced a new system allowing VAT-registered manufacturing companies to file their VAT returns directly from their own ERP software with a single click, through integration with the iVAS (Integrated VAT Administration System).

Previously, manufacturing firms could not submit VAT returns directly from their ERP (Enterprise Resource Planning, that many offices use)systems.

They had to prepare returns in their own software and then manually input all the data again into the iVAS platform, which was time-consuming and reduced system efficiency.

In a major step towards automation and simplification, the NBR has initially enabled two companies to complete the full VAT return proces...