The government has publicised the name of firms involved in the Value Added Tax (VAT) bills embezzlement on Sunday.
The Finance Ministry has initiated to publicise the report, ‘Study and Investigation of Fake and Fictitious VAT bills–2011’ of VAT bill defaulters following the directive of the National Information Commission (NIC). The ministry had formed a committee under a deputy director general at the Inland Revenue Department (IRD) to investigate on the multi-billion VAT evasion on February 21.
The 33-page report unveils the name of the firms that are involved in VAT bills scam which was prepared by the committee and submitted to the Freedom Forum on March 4, 2011.
The report has named Morang Auto Works, BM Enterprises, United Distributors, Him Electronics, Associated Automobiles, Himalayan Enterprises Pvt Ltd, AIT Pvt Ltd, Arun Intercontinental Traders, Wheels Auto, Surya Automobiles, Jyoti Overseas, Shakti Commercial Enterprises, United Shayam Sundar and Danfe Construction JV, United Builders, Bishwokarma Cement, Bama Motors, CGGC Cameliya Project Department of Nepal, Jagadamba Steels, Barun Developers, Bhatbhateni Department Stores, Maruti Cement, CG Electronics, CG Impex, CG Foods, Rasuwa Construction Company, Rajesh Sanitary Ware, CTCE/Kalika JV, Shree Dugar Brothers and Sons, Shree Dugar Auto Clinic, Chandan Wala International, Guras Engineering, M Trade House, Usma Traders, Nistha Traders as major suspects involved in the VAT bills scam.
As per the report, the government has refunded the VAT to Sarita Enterprises (Rs. 5.04 million), Sarita International Business (Rs. 5.31 million), Ashutos Impex (Rs. 17.22 million), Shivashakti Impex (Rs. 16.95 million), Digambar Trade House (Rs. 11.26 million), Digambar Trade International (Rs. 45.60 million), and Bhimeshwor Trade House (Rs. 14.33 million).
The government has also already slapped Rs. 3.45 billion tax to defendants in the 365 cases who have been found involved in the VAT bill scam out of 518 cases. nepalnews.com