E-commerce platform eorange has been sued by the VAT intelligence for evading VAT even as a case was filed against the entity under the VAT and Supplementary Duty Act recently.
Media reports maintained this citing a press communique of the VAT Audit, Intelligence & Investigation Directorate (VATAIID), which is under the country’s National Board of Revenue or NBR.
A team of the VATAIID had earlier carried out a drive at eorange’s office in Dhaka’s Gulshan area on 8 June and found evidence of VAT evasion to the tune of Taka 13 lakh — eorange bought products or services worth Taka 245.75 crore (in a certain period) and earned a commission of Taka 3.88 crore by selling those at Taka 249.63 crore even as it was supposed to pay VAT of Taka 19.39 lakh at the rate of 5 per cent on the commission, but instead it had paid only Taka 6.23 lakh — and thus suppressed the actual sales information and evaded VAT of Taka 13.16 lakh, underlined the VATAIID press note.
