13 firms accused of embezzling Rs 2.19 billion using fake VAT bills

Published On: April 25, 2021 07:50 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 25: The Department of Revenue Investigation (DRI) on Friday filed cases at the High Court in Patan against 16 accused individuals and firm proprietors on a charge of making revenue leakage by using fake value added tax (VAT) bills.

According to the DRI, the accused were found to have evaded the government revenue totaling Rs 2.19 billion. The DRI has sought to recover the amount from Anil Kumar Gupta, proprietor of Anil Gupta and Associates, Nakhkhu, and Prabin Kumar Mahato, proprietor of Ankush Trade and Suppliers, Kuleshwor and 11 other firms charged for doing transactions via fake VAT bills.

The accused have been charged for embezzling Rs 1.55 billion in income tax and Rs 645.09 million in VAT.     


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