VAT intelligence filed case against e-commerce site e-orange in connection of tazx evasion of Tk13 lakh
Talking to the Bangladesh Post, VAT Intelligence Division Director General Dr Moinul Khan confirmed it on Thursday.
Earlier on June 8, a team of VAT Intelligence raided at the head office of e-orange which is located in Gulshan.
The drive was led by VAT Intelligence Division Deputy Director Tanvir Ahmed following allegations that the company was embezzling huge amounts of government revenue.
E-orange sells various products on its online platform. But they did properly deposited the VAT which was levied on the commission received by the e-commerce site.
During the drive, the eorange office was thoroughly searched and the accounts were seized.
According to the calculations, the company purchased a total of Tk245,75,53,215 worth of services/products and sold worth Tk249,63,47,710 in a specified period.
The platform earned a commission of Tk38,798,495 on the sale and the amount of VAT levied at the rate of 5% on the commission received was Tk19,39,924.75. However, the company authorities had paid only Tk6,23,767.
VAT intelligence found that the e-commerce platform had evaded VAT of Tk13,16,158 by concealing the actual sales information.