Kathmandu, March 6 -- The Department of Revenue Investigation has filed a case at the Kathmandu District Court against 24 individuals on the charge of evading taxes amounting to Rs1.75 billion by producing and issuing fake Value Added Tax bills.
This is the second time in nearly a decade that a racket of producing and issuing fake VAT bills has been busted. In the fiscal year 2010-11, the Inland Revenue Department had busted such a racket. The action made national headlines as influential businessmen and their firms had also been named in the fake VAT bill scandal.
The department told a news conference on Tuesday that they filed the case against Jaya Kishore Sah, who, the department believes, is the mastermind behind the scam, his associa...