Friday 26th November 2021

Case Filed Against Five Firms for Embezzling NPR 410 Mn Using Fake VAT Bills

The DRI has sought to charge these proprietors with fines equivalent to the evaded tax amount and jail terms as per the law.
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Case Filed Against Five Firms for Embezzling NPR 410 Mn Using Fake VAT Bills

The Nepali Department of Revenue Investigation (DRI) on Wednesday filed a case against proprietors of five firms in the country for embezzling the government revenue worth NPR 410 million.

The DRI found that the five firms evaded NPR 410 million in Value Added Tax (VAT) by using fake VAT bills.

The case was filed at the High Court in Patan against the following proprietors:

 
Proprietor NameFirm Name Evaded Tax Amount
Lahuman MajhiPRK Trade International, DolakhaNPR 55.68 Million
Nabikarik AnsariCreta Enterprises, ParsaNPR 82.46 Million
Ram Babu SahaniMinaja International Pvt Ltd, BaraNPR 21.91 million
Bal Ram MahatoRaman Construction Pvt Ltd, DhanushaNPR 208.76 million
Kamal Bahadur RautRaut Trade Concerns, UdayapurNPR 41.64 Million

The DRI has sought to charge these proprietors with fines equivalent to the evaded tax amount and jail terms as per the law.


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