Kathmandu, March 25 -- The Department of Revenue Investigation has found several more businesses and firms issuing and purchasing fake VAT receipts during its probe into VAT scam.
On March 3, the department had filed a case at the Kathmandu District Court against 24 individuals associated with 24 firms on charge of evading taxes amounting to Rs1.75 billion by producing and issuing fake VAT bills.
As the investigation moves ahead, the number of firms engaged in the scam has doubled.
"The number of such firms has reached around 50, but we are yet to confirm whether they are part of the same racket, whose members are currently facing trial," said Dirgha Raj Mainali, director general of the department.
The number of companies purchasing fak...