July 18, 2017<\/strong><\/p>\n Alcoholic beverage companies received a major tax exemption from the Tax Settlement Commission (TSC), revealed the Commission for Investigation of Abuse of Authority (CIAA) in its recent charge-sheet, filed at the Special Court on July 16, 2017.<\/p>\n The anti-graft body filed a Rs 10.2 billion graft case, each against TSC Chairman Lumba Dhwoj Mahat, member Umesh Dhakal and member secretary Chudamani Sharma, and the suspended Director General of the Inland Revenue Department.<\/p>\n These officials were booked for doing illegal tax settlement of almost 45 companies, with some of them getting 99 percent rebate.<\/p>\n Triveni Distillery (Rs 4.01 billion), followed by Shree Distillery (Rs 2 billion), Gorkha Brewery (Rs 914.06 million) and Mt. Everest Brewery (Rs 717.62 million), received a major tax exemption.<\/p>\n All the four companies, together, accounted for a tax exemption worth Rs 7.66 billion.<\/p>\n Besides, a total of 16 companies under probe in revenue tribunal and more than 20 companies which evaded taxes through fake VAT bills, were given tax exemption.<\/p>\n According to the Commission, tax exemption given to various companies is higher than what was mentioned in the TSC report.<\/p>\n The amount could go up as the anti-grant body is yet to investigate 1,000 more files related to tax exemption, CIAA informed.<\/p>\n \u201cTSC did not even follow tax settlement work plan prepared by it for these companies,\u201d says the CIAA charge-sheet.<\/p>\n","protected":false},"excerpt":{"rendered":" July 18, 2017 Alcoholic beverage companies received a major tax exemption from the Tax Settlement Commission…<\/span><\/p>\nList Not Exhaustive<\/h4>\n
1000 More Files Under Probe<\/h4>\n