Some 518 business companies have been found using fake vat bills and evading tax worth Rs. 6.59 billion, confirmed the Finance Ministry.
Tankamani Sharma, Director General of Department of Inland Revenue, shared this information at a press meet on Sunday. Speaking at the programme, Finance Minister Barshman Pun vowed to take actions as per the existing law against the firms involved in tax evasion through the use of fake vat bills.
The Ministry, however, has not disclosed the name of any of the companies.
An investigation into the fake vat bills scandal had begun a year ago. The companies have been asked to pay tax they evaded along with fine within the next two months.
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The names of alleged VAT evaders are public. Now what?