- The National Board of Revenue (NBR) has renamed the VAT Automation System (IVAS) to e-VAT, with no changes to its functions or services.
- The name change aims to avoid confusion with the Integrated Budget and Accounting System (IBAS).
- The e-VAT system will manage all online VAT activities, including registration, returns, e-challan, e-payment, and input-output filings.
- Efforts are ongoing to make the e-VAT system more efficient, user-friendly, and effective.
Source: observerbd.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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