Posted by: shareds April 16, 2011
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Rs 2.27 Billion Nepal VAT Scam, Biggest firms involved
Around 385 firms have been found to be engaged in producing counterfeit VAT bills in order to evade taxes. In a letter forwarded at the Public Accounts Committee of the Parliament the Ministry of Finance-Revenue Department has stated that as the investigation is ongoing, the names of those firms cannot be made public. However, MySansar and Rajdhani daily have published the names of the VAT defaulters. How can the Nepal Government make progress when the nation's leading business houses don't pay their taxes?
Group
|
Owner
|
Company
|
Presented Fake
VAT Bill (NPR)- Investigation to date
|
Shankar
|
Shankar Lal Golyan
Pawan Kumar Golyan (Chairman NMB Bank)
|
Jagadamba Steels
|
80 Crores
|
Chaudhary
|
Binod Kumar Chaudhary
Arun Chaudhary
Basanta Chaudhary
Nirvan Chaudhary
|
CG Impex, CG Electronics, CG Foods, Arun Intercontinental,
|
45 Crores
|
Golcha
|
Diwakar Golcha
Shekhar Golcha
|
Him Electronics, Neoteric,
|
6 Crores (Investigation to date)
|
Vishal
|
J.P. Agrawal (Chairman NIC Bank)
T.R Agrawal
Nirmal Agrawal (Board Member NIC Bank)
Trilok Chandra Agrawal (Chairman Bank of Asia)
Anuj Agrawal (Board Member Bank of Asia)
|
United Distributors, investments in financial institutions, Insurance Companies, Trading Houses
|
10 crores
|
Bhatbhateni
|
Min Bahadur Gurung
|
Bhatbhateni Super Market (Maharajgunj and Bhatbhateni)
|
8 Crore
|
Barun
|
Rabin Jain Tajpuriya (Indian national)
|
Barun Beverage
KFC and Pizza Hut
|
15 Crore
|
Chameliya Hydropower
|
Chinese Contractor
|
|
60 Crore
|
SARDA
|
Shivratan Sarda
Sandip Sarda
Pradip Sarda
|
|
70 Crore
|