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Kathmandu,Sunday February 27, 2000 Fagun 15, 2056.
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Action
against VAT defaulters
By
a Post Reporter
KATHMANDU,
Feb 26 - With a view to bring more effectiveness in the implementation
of Value Added Tax (VAT), investigations against VAT defaulters and
VAT Act violators have been initiated.
Investigations,
on the basis of sudden monitoring conducted by the VAT Department,
Kathmandu, and VAT office, Lalitpur, have been initiated against 20
business enterprises.
The
list of enterprises against which investigations have started include
Padam Furniture Factory, Padam Shree Pvt. Ltd. and Altech Pvt. Ltd. in
Gyaneshwor, Pradidha Trading and Laxmi Enterprises in Buddhanagar,
Chandanwala International in Kantipath, Goyal Overseas Pvt. Ltd.
Sissor Fashion Industries in Battis Putali, Mangal Maruti Enterprises
in New Road, Minda Enterprises in Jai Bageshwori, Jagat Nirman Sewa in
Putali Sadak, Rame Chhap Sherpa in Shantinagar, Groom Seven Pvt. Ltd.
in Kamal Pokhari, Four Season Tours and Travels in Patan Dhoka, Summit
Trading Pvt. Ltd. and Parimita International and Greenline
International in Kupondole, Star Kasta Udyog in Thasikhel, Khosi
Marketing in Lalitpur and Skyline Suppliers in Satdobato.
Sudden
monitoring conducted against these firms revealed that they were not
only involved in the manipulation of accounts to avoid tax but also
did not issue proper bills to consumers. In addition, some enterprises
were found not registered with the VAT department although their
business on taxable goods exceeds the threshold level of Rs 2 million.
The crackdown and investigation aim to bring all potential taxpayers
into the VAT net.
VAT
was enforced from November 17, 1997 and was fully implemented from
July 17, 1999.
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