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Kathmandu, January 3: The Department of Revenue and Research (DRI) has filed a lawsuit against two individuals for tax evasion worth Rs.390 crore.
The DRI filed a lawsuit against Siddhi Bahadur Maharjan, a permanent resident of Lalitpur City 11 and owner of Trishakti Traders, in the Patan High Court on Monday. The department is trying to get back from Maharjan his Rs 123.58 crore and the maximum sentence for crimes under the law.
Maharjan is accused of evading government tax of Rs 61.79 crore. Of the amount, VAT avoidance for him was Rs 18.73 lakh and income tax for him was Rs 43.05 lakh. Maharjan was discovered using his fake VAT invoices and manipulated financial transaction details.
In a separate case, DRI filed a lawsuit against Punit Baniya, a permanent resident of Siddhartha City-3 and owner of Sumit and Swayata traders, in Tulsipur High Court, Butwal. The department called for court intervention to recover her Rs 660.7 crore from the accused and police custody for the maximum period by law.
It turns out that Baniya switched financial transactions to another company without paying his actual company’s tax liability.
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