• Friday, Oct 23, 2020
  • Last Update : 11:38 am

Cases filed against 203 businesses for VAT evasion

  • Published at 08:37 pm September 27th, 2020
Tax Evasion
Photo: Bigstock

Many of those shops are involved in import of products, but only 60 of those are registered under the new VAT Act

The VAT Intelligence Unit under the National Board of Revenue (NBR) has filed cases against some 203 business establishments in Chittagong for not having VAT registration.

The VAT Intelligence Unit after conducting a drive at a posh shopping mall in the port city found evidence of VAT evasion against these shops and thus filed cases against them.

According to the survey of the VAT Intelligence of NBR, there are some 263 shops at Mimi Super Market situated on the Nasirabad-Bayezid Bostami Road and those had long been selling various types of local and foreign branded products.

Many of those shops are involved in import of products, but only 60 of those are registered under the new VAT Act. The rest 203 shops do not have VAT registration and they do not pay VAT.

Acting on a tip off, the VAT Intelligence unit conducted a drive at the Mimi Super Market in the port city today and filed cases against those 203 shops for not having VAT registration and also for VAT evasion.

Besides, some 50 out of those 60 shops which have VAT registration have been fined Taka 10,000 each for not displaying VAT registration certificates in their shop.

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