BSS
  26 Aug 2021, 20:57

Case filed against E-orange for VAT evasion

   DHAKA, Aug 26, 2021 (BSS) - The VAT intelligence today filed a case
against e-commerce firm E-orange for dodging over Taka 13 lakh as VAT
under the VAT Act.

  A team of VAT Audit, Intelligence & Investigation Directorate, led
by its deputy director Tanvir Ahmed, conducted a drive at the Gulshan
office of the e-commerce firm recently and unearthed the VAT evasion
of Taka 13,16,158.

   During the drive, it was found that although E-orange sells various
products through online platform, but they do not deposit the imposed
VAT properly on their received commission.

   A press release of the Directorate said that the firm purchased
goods and services worth Taka 245,75,53,215 for a certain period of
time, and thus sold those goods and services with Taka 249,63,47,710
earning a commission of Taka 3,87,98,495.

   Out of that commission, 5 percent VAT has been imposed amounting
Taka 19,39,924, but the firm has paid Taka 6,23,767 only as VAT.