The Public Accounts Committee (PAC) of the legislature parliament on Friday directed the government to initiate action against 480 business firms that have been booked for presenting fake bills of Value Added Tax (VAT), causing revenue loss worth over Rs 4 billion.
Following a discussion, the PAC asked the government to publicise the names of the VAT defaulters as soon as possible and furnish the 'progress report' to the committee within 15 days.
At the meeting, most of the PAC members emphasised that the government take quick action against the business firms involved in fake VAT bill racket.
ources at the Inland Revenue Department (IRD) say the actual loss caused by these tax evaders could exceed Rs 10 billion.
The PAC also directed the finance and home ministries to immediately initiate action against the promoters of Unity Network over their financial irregularities and inform the committee on the progress within four days.
Meanwhile, the committee also instructed the government to ensure proper management of resources at the local level and give priority to the recommendations made by the district councils while preparing the budget for the upcoming fiscal year.
Speaking at the meeting, education minister Gangalal Tuladhar, who also looks after the local development portfolio, said that works at the local level had not gained pace because of lack of skilled manpower and failure of the concerned authorities to release the allocated budget in time.
He also told the committee that the government would appoint secretaries in 600 VDCs within the next two months. nepalnews.com
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