Thirteen Companies Nabbed for VAT falsification

Thirteen companies, including White Chapel and Krif, alleged to have defrauded VAT Secretariat, have been nabbed by the Commercial Crime Unit of the Police CID.Other defaulting companies are, WINTES Enterprise, CODAMS, ALDERS, Citizen and Gold and AKOF Enterprise. They allegedly failed to register to collect VAT.

Sources at the Commercial Crime Unit told the Ghana News Agency on Tuesday that a 26-year-old Lebanese owner of Aladen Restaurant at Osu, Hussein Habbib Ghadder, had been charged with tax evasion and falsification of tax invoice.

The source said White Chapel, Krif, FM & B Technical, City and City, WALGRA NECO 06 Enterprise, MABKING and NAZARENE had failed to issue invoice to customers.

In the case of Ghadder, investigations revealed that he had been under-declaring on the VAT invoice by recording different figures on the original invoice, the duplicate and triplicate receipts.

The sources said for instance on VAT invoice number 05117927, an amount of 243,000 cedis was written on the original invoice while the duplicate and triplicate had 12,000 cedis declared as VAT. Another invoice number 05117930 had 282,000 cedis declared on the original while the duplicate and the triplicate had 39,000 cedis recorded.

On invoice number 05117903, an amount of 123,000 cedis was recorded on the original but 18,000 declared to the VAT secretariat.