NBR detects Tk 37.6m VAT evasion

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.

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 evasion amounting to around Tk37.6 million (Tk3.76 crore).

The seized documents are now being examined further, and legal proceedings to file a case are underway, the NBR said.