15th lottery draw in EFD machine held

The 15th lottery draw for Electronic Fiscal Device (EFD) has been held. The lottery draw for the EFD was held at the conference room of the National Board of Revenue (NRB) on Tuesday (April 5). Where a total of 101 winners' invoice numbers were announced. The event was presided over by NBR Member (VAT Implementation and IT) Abdul Mannan Sikder. The lottery draw was held on the basis of invoices from 1st March to 31st March.  Click on  EFD (1) to view the lottery. The number selected for the first prize in the lottery is 002721GALCULD359. The second prize lottery number is 001322KSIBEZQ323. The third prize winning lottery numbers are- 000022EDIYVZX947, 001122RZDEHDJ978, 003522UHLVFRT580, 0004220XWLZZV633 and 001322KGRIUPD484. Lottery draw has been published on NBR's website. Besides, it will be published in the newspaper after three working days. If there is any problem in receiving the award, NBR has requested to contact this number 01963636554. NBR Chairman Abu Hena Mohammad Rahmatul Munim inaugurated the EFD on August 25, 2019 to ensure transparency and accountability in VAT collection. NBR member (VAT implementation and IT) Abdul Mannan Sikder said that due to lack of publicity, people are not going to be interested in Electronic Fiscal Device (EFD) lottery. He said that although 101 people from NBR were given prizes for EFD invoices, the desired response has not been forthcoming so far. This is because of the lack of awareness among the people. Many people drop VAT invoices or do not participate in the results because they do not know the matter. That is why we are emphasizing on publicity. Abdul Mannan said increasing the use of EFD invoices is a big challenge. Even if the EFD invoice is not taken, the buyer has to pay VAT. Because now VAT is included in the price of the product. So even if no one takes the invoice, VAT has to be paid. Noting that VAT collection has not increased as expected after the installation of EFD machines, the NBR member said there was a lack of awareness among traders and buyers about whether to accept invoices or not. However, our automated system is running. "We have a team at each Commissionerate to monitor the use of EFD invoices and VAT collection," he said. They are monitoring the matter. Hopefully results will be available in the future. EFD is a modern accounting tool. This is an improved version of the Electronic Cash Register (ECR). NBR is able to know the actual transaction or sales information of the organization through this device. How much of this will be known as VAT. As a result, VAT evasion will stop and collection will increase. The EFD machine will be connected to the NBR's server through software to monitor the daily transaction information of the business. The server has already been set up for this purpose. The first lottery draw of EFD invoice was held on 5th February. As of March, this year, NBR has installed EFDs in 4,341 businesses.