NBR detects Tk 37.6m VAT evasion by online clothing retailer
Bangladesh, Sept. 15 -- The Customs, Excise and VAT Commissionerate, Dhaka (West), has detected an estimated Tk 37.6 million (Tk 3.76 crore) in revenue evasion by J-Creation, an online clothing retailer, the National Board of Revenue (NBR) said Tuesday.
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The commissionerate conducted a sudden raid on J-Creation's premises in Mirpur on September 13 following a tip-off.
The business sells Punjabi outfits, sherwanis and other readymade garments through online platforms, according to a UNB report.
During the raid, officials found evidence of VAT evasion and seized a CPU and relevant documents, according to the NBR.
The authorities subsequently examined the company's sales records and initially found evidence of revenue evasi...
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