Charuta accused of not paying Tk 30cr VAT

The VAT Intelligence yesterday field a case against Charuta Private, a construction and interior decoration firm, on allegation of evading paying Tk 30 crore in VAT, said the National Board of Revenue's (NBR) field office yesterday.

The VAT Audit, Intelligence and Investigation Directorate (VAIID) filed the case under the VAT law following an inquiry. It found a discrepancy between the company's income and expenditure, said Moinul Khan, director general of the VAIID.

"We have sent the case to the Dhaka North VAT Commissionerate for further action to realise the revenue for the state," he said.

The VAT Intelligence carried out an inquiry into financial transactions of Charuta from fiscal 2012-2013 to 2016-2017. It also summoned the company management for hearing and documents, said a statement of the VAIID.

After verifying documents, the VAT detectives found that the company evaded paying VAT of Tk 30.36 crore, said the VAIID.

Contacted, Syed Raquib Uddin, personal secretary to the managing director of Charuta, denied the allegation.

"Dodging VAT is beyond question. Firms for which we work deduct VAT at source. The jobs of embassies that we have done are exempted from VAT and we have submitted our documents," he said.