DHAKA, Feb 20, 2025 (BSS) - A record number of 1,723 new business entities completed their registration on Wednesday at Integrated VAT Administration System (IVAS) of the National Board of Revenue (NBR). 

Out of 1723, 46 were in manufacturing category, 862 service recipients, 500 retailers and wholesalers, 29 importers, 9 exporters and 277 were other organizations, said a NBR press release issued today. 

On Wednesday, 579 business entities from Chattogram Commissionerate registered at IVAS while 180 in Dhaka (North) Commissionerate, 266 in Dhaka (West) Commissionerate, 195 in Khulna Commissionerate, 50 in Rajshahi Commissionerate, 47 in Jessore Commissionerate, 41 in Rangpur Commissionerate, 27 in Comilla Commissionerate, and 71 in Dhaka (South) Commissionerate.

Earlier, the NBR declared February as the registration month for commissioners while March will be the VAT registration month for the NBR.

To that end, on Wednesday, the member (VAT Implementation and IT) gave instructions to the representatives of the important platforms iBAS++, iVAS and Genex and all the officials related to VAT implementation to maintain involvement, connection and coordination.