KATHMANDU, March 6: The Inland Revenue Department (IRD) on Tuesday filed a case against 24 business firms accusing them of evading taxes amounting to Rs 1.75 billion by registering fake companies.
They have also been accused of producing fake invoices to evade taxes.
The scam was exposed after two illiterate workers—Parmeshwar Sah and Jaya Kishor Sah—were arrested on charge of evading taxes.
DRI sues three firms for using fake VAT bills to evade taxes
Firms were registered in the name of the illiterate workers and taxes were evaded by producing fake invoices, it was revealed after investigation into the two arrested.
Later, it was revealed that a total of 24 businesses had registered fake firms to evade taxes.
IRD investigations show multiple firms have been registered in the name of one individual accused of tax evasion. For example DJ Pro-link Trade and Resham Trade and Suppliers are registered by Resham Mukhiya. Shayab Ansari’s two firms —Rider International P Ltd and Intel International P Ltd have been accused of evading taxes by setting up fake firms.
Gopal Prasad Yadav, who owns two companies—On The Way Trade P Ltd and B2B Business Link P Ltd -- is also implicated in tax evasion. Rustam Ansari of Tavya International Suppliers and Rose and Business Suppliers, Saddham Husain Ansari of Lucky Trade and Suppliers and Good Luck Trade and Suppliers, Sona Lal Prasad Yadav of Daffodil Concern P Ltd and Manir Ansari of Dikshyant Trade P Ltd are also accused of tax evasion.
Other firms implicated in tax evasion include Supreme Business Trade Link P Ltd registered in the name of Tejmul Ansari; Kamana Trade and Suppliers P Ltd registered in the name of Rijwan Ansari; and Kyamari International P Ltd registered in the name of Rustam Dewan; and World Star Trade P Ltd owned by Tejmul Ansari.
Likewise, Ohab Minya Ansari of Dip Son Enterprises, Nabikarim Ansari of Bronji Trade P Ltd, Narendra Kumar Mahato of A-one International P Ltd, Ohab Minya Ansari of Axieta Trade P Ltd, Hari Narayan Sah Turha of Jamsin Suppliers, Chandan Kumar Sah Kanu of Mount Peak International, Sunil Sah Turah of Janakidevi Suppliers and Chandan Kumar Sah Kanu of Shuva Lava Traders have been charged with tax evasion.
