Posted by: ne0 September 18, 2014
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I was of the impression that the anugaman was from the counterpart of the IRS in Nepal. If IRS investigates your business then you have to give all the information.
If the wholesalers were putting low sale price but selling to the businessmen at a much higher price then that is a clear case of tax evasion since they show very low revenue to the Revenue Department.
As far as maximum 20% profit law, that is utterly unheard of and it is not something they should be going after. Even a peg of whiskey costs 300-400 Rs so a bar makes over 100% profit on alcohol (in Nepal). Nepali laws need to have same standards for all business.
From consumer point of view, I suppose it's a good move so that the consumers are not screwed too much by businessmen. But from businessmen's point of view it definitely restricts their growth.
If the wholesalers were putting low sale price but selling to the businessmen at a much higher price then that is a clear case of tax evasion since they show very low revenue to the Revenue Department.
As far as maximum 20% profit law, that is utterly unheard of and it is not something they should be going after. Even a peg of whiskey costs 300-400 Rs so a bar makes over 100% profit on alcohol (in Nepal). Nepali laws need to have same standards for all business.
From consumer point of view, I suppose it's a good move so that the consumers are not screwed too much by businessmen. But from businessmen's point of view it definitely restricts their growth.