The finance ministry said it would provide 10,000 electronic cash registers at purchase price to business including shops and restaurants in a bid to curb VAT dodging in retail sales. The authorities made the use of ECR mandatory 11 types of businesses in 2008. But the use of this ECR remains low due to lack of monitoring.
The businesses could suppress the numbers and dodge the customer paid VAT if they do not use this device which keeps a data on sales. That’s why the shops without this device have tendency to sell goods at lower price than that of shops with ECRs.
Comments
Post a Comment