SC indicts Bhatbhateni for tax evasion

sc-indicts-bhatbhateni-for-tax-evasion

Kathmandu, January 15

, a reputed shopping chain, has been found to have evaded and value added tax worth Rs 724.04 million since 2007.

Hearing the case filed by different firms against the decision of the that they should pay the determined tax amount, a division bench of Chief Justice Cholendra Shumsher JB Rana and Justice Prakash Kumar Dhungana on Monday concluded that five firms, including , had evaded taxes and directed the government to initiate legal proceedings for tax collection from the companies.

The other companies against which the SC made the decision in cases of tax evasion include , AIT Pvt Ltd, and . The apex court had decided that companies had evaded income tax and value added tax.

As per the SC decision, the five companies have evaded tax worth Rs 787.32 million. Bhatbhateni evaded income tax worth Rs 485.56 million and VAT worth Rs 238.48 million. Arun Intercontinental dodged income tax worth 20.08 million and VAT worth Rs 4.75 million. AIT evaded VAT worth Rs 24.18 million. Shankar Oxygen Gas is liable to pay income tax worth Rs 12.91 million and VAT worth Rs 1.06 million and BS Baniya Store and Firm evaded income tax worth Rs 208,427 and VAT worth Rs 115,096.

The SC had rejected the claims made by the defendants that they did not use fake VAT bills or evade income tax.

Bhadrakali Pokharel, spokesperson for SC, confirmed that the apex court had ordered the aforementioned companies to pay the income tax, VAT, as well as fines and interest.

“The responsible government agencies will now have to determine the fines and interests on the tax amounts and adopt l


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