E-commerce firms to get unique IDs from next month
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
SATURDAY, MAY 28, 2022
SATURDAY, MAY 28, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
E-commerce firms to get unique IDs from next month

Economy

TBS Report
19 January, 2022, 08:30 pm
Last modified: 20 January, 2022, 02:52 pm

Related News

  • Identify individuals, companies involved in e-commerce scam: HC to govt
  • E-commerce giant Alibaba keen to promote Bangladeshi goods 
  • Strides Co: A platform that set out to meet demands for contemporary clothing
  • Savings through MFS: A timely and beneficial approach for financial inclusion
  • ‘The aim of data localisation should be protecting data not controlling users’

E-commerce firms to get unique IDs from next month

The government took the initiative to make a resilient digital commerce ecosystem

TBS Report
19 January, 2022, 08:30 pm
Last modified: 20 January, 2022, 02:52 pm
Representational image. Picture: Collected
Representational image. Picture: Collected

E-commerce firms operating in the country either based on websites or social media will get unique business identification numbers (IDs) from the next month, State Minister for ICT Zunaid Ahmed Palak has said.

"The government is going to bring all the digital businesses under an umbrella with issuing the unique IDs from February. The move will help the e-commerce firms become more viable," he told a programme at the ICT Division office in the capital yesterday.

The event was arranged to review the progress of the platforms, which the Ministry of Commerce with technical support from the ICT Division is developing to monitor the digital business in a more convenient way.

Although the initiative was taken late last year initially for e-commerce businesses following a spate of scams in a number of e-commerce companies including Evaly, the ministry later planned to include all traditional businesses in the system in phases.

The state minister said all digital traders, including Facebook-based ones, must register for the unique IDs soon.

"Customers will have a way to complain if they face any irregularity from the e-commerce firms, and we will settle the issues through the Central Logistics Management System (CLMS), which will also be rolled out in February."

Besides, the government would launch a digital inter-transaction platform called "Binimoy" in March and the Central Logistics Tracking Platform (CLTP) within the next six months, Palak said, in a bid to develop a secured and rich digital commerce ecosystem in the country.

The state minister expressed his hope that the moves would help overcome the challenges including lack of trust, credibility and transparency in the digital businesses.

The review meeting was chaired by ICT Division Senior Secretary NM Ziaul Alam while Aspire to Innovate (a2i) Policy Advisor Anir Chowdhury, its Technical Head Rezwanul Haque Jami, e-Cab Director and Co-Founder of Chaldal Zia Ashraf, Commerce Ministry's E-Commerce Cell Joint Secretary Saeed Ali, and representatives from other ministries and e-commerce platforms were present.

For securing a unique business ID, a business should have a business identification number (BIN), and tax identification number (TIN) from the National Board of Revenue (NBR).

Officials familiar with the matter said it would also help the NBR collect tax from the businesses.
 

Top News

e-commerce / Unique IDs

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Mahbub Ahmed. Illustration: TBS
    Budget should focus more on inflation control than on growth
  • Protecting Hatirjheel would require striking a balance between the preservation of its natural beauty, fisheries and ease of communication. PHOTO: Mumit M
    How the Hatirjheel water taxi service can be stopped?
  • Starlink is ideal in rural or remote locations where internet access has been unreliable or completely unavailable. Photo: SpaceX
    Time for a reality check: How viable is Starlink in Bangladesh?

MOST VIEWED

  • British International Investment (BII) CEO Nick O’Donohoe. Illustration: TBS
    BII to invest $450m in Bangladesh in 5 years
  • Representational image. Picture: Pixabay
    Govt raises regulatory duty to discourage imports of 130 products
  • All banks have to sell dollars at same rate
    All banks have to sell dollars at same rate
  • Representational Image. Photo: Mumit M/TBS
    Govt to list products to suspend imports amid dollar crisis
  • BPC hunts for dollar to import fuel oil
    BPC hunts for dollar to import fuel oil
  • Changes in NBFIs’ deposit, lending rates in the offing
    Changes in NBFIs’ deposit, lending rates in the offing

Related News

  • Identify individuals, companies involved in e-commerce scam: HC to govt
  • E-commerce giant Alibaba keen to promote Bangladeshi goods 
  • Strides Co: A platform that set out to meet demands for contemporary clothing
  • Savings through MFS: A timely and beneficial approach for financial inclusion
  • ‘The aim of data localisation should be protecting data not controlling users’

Features

A male Baya Weaver beating wings. Photo: Enam Ul Haque

Baya Weavers weave: ‘Must be witnessed to be fully credited’

1h | Panorama
Starlink is ideal in rural or remote locations where internet access has been unreliable or completely unavailable. Photo: SpaceX

Time for a reality check: How viable is Starlink in Bangladesh?

2h | Panorama
First Look: Nissan Magnite 1.0L Turbo

First Look: Nissan Magnite 1.0L Turbo

2h | Wheels
Car myths that really need to go away

Car myths that really need to go away

2h | Wheels

More Videos from TBS

Foods that will prevent future famines

Foods that will prevent future famines

28m | Videos
Sustainable initiative of Pcycle creating employment

Sustainable initiative of Pcycle creating employment

1h | Videos
Photo: TBS

Education at Tk1 changing lives, making dreams come true

2h | Videos
Photo: TBS

An electricity bill that connects Brahmanbaria with Tripura

2h | Videos

Most Read

1
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

2
Corporates go cashless…tax cut on cards
NBR

Corporates go cashless…tax cut on cards

3
Photo: Courtesy
Panorama

Misfit Technologies: A Singaporean startup rooted firmly in Bangladesh

4
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

5
British International Investment (BII) CEO Nick O’Donohoe. Illustration: TBS
Economy

BII to invest $450m in Bangladesh in 5 years

6
Representational image. Picture: Pixabay
Economy

Govt raises regulatory duty to discourage imports of 130 products

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab