Two companies of S Alam Group evaded Tk 3,538 crore in Value Added Tax through various ways in three years between 2019 and 2022.
The two companies----Vegetable Oil Ltd and S Alam Super Edible Oil Ltd--- evaded Tk 3,538 crore in VAT and they were also fined another TK 3,531 crore for evading the VAT amount.
The National Board of Revenue found the incident during an audit by the NBR鈥檚 VAT wing of Customs Excise & VAT Commissionerate, Chattogram.
Of the amount, S Alam Vegetable Oil Ltd evaded Tk 1,917 crore and S Alam Super Edible Oil Ltd evaded Tk 1,621 crore between FY 2019-20 and FY 2021-22, according to the audit report.
Syed Mushfequr Rahman, commissioner of Customs Excise & VAT Commissionerate, Chattogram, told 抖阴精品 that the companies had 90 days鈥� time to appeal in this regard.
'Now the issue is out of our hand and only the tribunal will take decision after their appeal within the stipulated time,' he added.
The NBR official also said that the companies had denied the results now, but the audit was carried out by the field office of Customs, Excise & VAT Commissionerate, Chattogram, and was subsequently reviewed by a five-member committee headed by an additional commissioner, Chattogram VAT Commissionerate, which drew the same conclusion.
S Alam Group鈥檚 company lawyer Mustafizur Rahman, however, told media that the VAT auditors had legal obligations to inspect the factory to assess the sales records and hear them, but they reached the decision without doing any of these.
He also said that they were not given the opportunity to be heard.
