200 firms sell fake VAT bills worth Rs 15 billion leading to huge tax evasion: Revenue probe department

The racketeers who sold the fake VAT bills have been found to have registered firms in the name of poor and ignorant people from rural areas so that they can avoid being indicted by law enforcement agencies.

In the latest fake VAT bill scandal, the revenue investigation department has uncovered a major case that showed that bills estimated to be worth Rs 15 billion were sold to different firms, causing huge losses to the national revenue.