Case filed against 13 firms for VAT fraud of worth over 2 arba rupees

Kathmandu, April 23

The Department of Revenue Investigation has filed a case against 13 firms for VAT fraud.

The department has filed a case in the Patan High Court against 16 people, including Anil Gupta, the director of Anil Gupta & Associates, on charges of fraudulently collecting revenue by making false and fake VAT sacrifices.

According to the department, 13 firms, including Prabin Kumar Mahatto, the operator of Ankush Trade and Suppliers in Kuleshwor, Kathmandu-14, have been found to have evaded VAT amounting to Rs. 2 arba 19 crore 87 lakh 95 thousand 614. It has been found that these firms have not paid the amount as per the tax invoice and have not filed it in the government fund. They have also been found to have cheated VAT and income tax.

It has been found that they have leaked revenue of Rs. 64 crore 50 lakh 97 thousand 872 from VAT, Rs. 1 arba 55 crore 36 lakh 97 thousand 742 from income tax, which will be of total Rs. 2 arba 19 crore 87 lakh 95 thousand 614.

In the name of Ankush Trade and Suppliers, Sandhya Traders, Lucky Trade, Muan Trading, Divya Enterprises, Nikki K Traders, NKD Traders, Jean Traders, Suvarna Trade, Sanjay International, Anshu Trade Link, Komal Trade Link, PNR Enterprise has been found to have cheated. The department has demanded strict action against them.