Transcom Beverage opts for PrismVAT for the submission of online VAT returns
Transcom Beverage Limited is a soft drink manufacturer of Transcom Group. The company is the exclusive PepsiCo Franchisee for Bangladesh which also operates plants for bottling renowned soft drink brands such as, Pepsi, Mirinda, 7UP, Mountain Dew, Slice, Pepsi Diet, and 7UP Light.
On 30th June 2019 Bangladesh Board of Revenue introduced the policy to use an Online based VAT software for all business establishments to submit VAT returns online. But considering the lack of required and skilled human resources to implement and operate software; the time period of the VAT Act 2012 was extended till February 26, 2021.
Divine IT Limited is one of the first software company in Bangladesh to build an ERP and VAT software. PrismVAT, the most renowned VAT system is ranked highest in NBR’s list of qualitative software. PrismVAT is an easy-to-use VAT management software that is capable of integrating with any other software including PrismERP to generate VAT returns.
Transcom Beverage Limited is considered to be one of the leading companies in digitizing revenue in the food and beverage industry through submitting VAT returns using PrismVAT. This step taken by the prominent company is seen as an exemplary action in connection with the enactment of the VAT Act 2012.
PrismVAT will automate the company’s VAT proceedings including an efficient and timely submission of VAT returns.
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