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VAT detectives raid ‘The Mirage’ cum Sisabar restaurant in Gulshan, an elite area of the capital. Photo: collected
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VAT detectives raid ‘The Mirage’ cum Sisabar restaurant in Gulshan, an elite area of the capital. Photo: collected
VAT detectives have discovered a VAT evasion worth Rs 2.54 million Tk against Kam Sisabar restaurant ‘The Miraj’ in Gulshan, an elite area of the capital. IVA detectives filed a case against Sisabar on Monday alleging fraud.
According to the VAT detective’s investigation, The Mirage has concealed sales data of Tk 9.33 crore through which a value added tax (VAT) evasion of Tk 1.39 crore has occurred.
Today, a case was filed under the VAT Law against the company registered with the Dhaka North Commissionerate.
Based on specific charges of VAT evasion, a team of VAT detectives conducted a raid on The Mirage Sisabar located at 9 / A, Road No. 3, Gulshan on November 12.
During the operation, detectives saw that Sisabar was operating behind the restaurant. Unable to produce any valid documents, they seized 15 kg of lead and several lead delivery items from the Sisabar facility. Detectives also seized the company’s business documents.
According to the company’s VAT registration, the trade name is ‘The Friends House’; VAT registration number 003279048-0101.
The operation was led by Deputy Director of IVA Detective Tanvir Ahmed and Deputy Director Muhammad Mohi Uddin.
Subsequently, based on the information and documents collected through the seizure and investigation, VAT evasion of Tk 1.40 crore was discovered only on sales between July 2013 and October 2020. According to the VAT Law, interest of Rs 96 lakh is applied on this evaded VAT at a rate of 2% per month.
A search of the data at the time also revealed that Sisabar was involved in VAT evasion at the source of Rs 6.40 lakh on various purchases of services. Interest will be applied at a rate of 2 percent per month on the basis of 7.8 lakh.
A total VAT evasion of Tk 1.46 crore was discovered against The Miraj for sale and deduction at source. A total of Tk 1.07 crore will be applied on the VAT evaded interest. In other words, the company is involved in a total revenue evasion of Tk 2.54.
The main authorities were unable to show the legitimate source of the lead and the seized lead products. According to the law, it has been recommended to confiscate them in favor of the state.
Following the investigation, the VAT Intelligence Department today filed a VAT evasion case worth Tk 2.54 crore against The Miraj.
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