KATHMANDU, Jan 11: The Department of Revenue Investigation (DRI) on Sunday filed cases at the High Court in Patan against the proprietors of 14 firms on the charge of revenue leakage by using fake value added tax (VAT) receipts.
According to the DRI, these firms are found to have evaded government tax totaling Rs 1.34 billion. Of the accused, the DRI has sought to recover Rs 1.22 billion from proprietors, including Bibek Magar of New Sayapatri Enterprises. Magar, a permanent resident of Simara-Pipara-3 in Bara district, was found creating 13 counterfeit firms to issue fake VAT receipts.
In the incident, Magar was accused of evading Rs 373.66 million in VAT, Rs 842.90 million in income tax and Rs 5.44 million in capital gains tax.
Separately, the DRI filed a case against Subodh Sah, proprietor of Sankit General Suppliers and a resident of Balara Rural Municipality-2 in Sarlahi district for selling fake VAT receipts to other firms. The department has sought to recover Rs 127.55 million from Sah.