Kathmandu, January 14: The Supreme Court (SC) has handed down a verdict against five different companies for their alleged involvement in producing and issuing fake value-added tax (VAT) bills. A joint division bench of Chief Justice Cholendra Shumsher JBR and Justice Prakash Kumar Dhungana yesterday issued the verdict by upholding the erstwhile verdict made by the Revenue Tribunal in the case.
The SC concluded that Bhatbhateni Supermarket and Departmental Stores, IT Pvt Ltd, Arun Intercontinental Trades, Shankar Oxygen Gas Pvt Ltd and Baniya Stores and Firm were found guilty of producing and issuing fake VAT bills.
The SC’s information officer Devendra Dhakal said that the penalty to be paid to the government by those companies would be confirmed once the full text of the verdict is released. RSS