Nepal Can Move Pvt. Ltd., based in Tinkune, Kathmandu, has been accused of tax evasion amounting to NPR 1.37 Arba, according to the Department of Revenue Investigation (DRI).
The company allegedly hosted servers in Australia to facilitate its services while failing to disclose these transactions in its value-added tax (VAT) and income tax filings. The investigation revealed concealed taxable transactions worth NPR 68.44 crore, which, combined with a 100% penalty, led to a total recovery claim of NPR 1.37 Arba. A case has been filed in the High Court, Patan, seeking recovery of the amount.
Key individuals implicated in the case include Sudip Acharya (holding 55.33% of shares), Jeevan Gyawali (16% shareholder), Gangabahadur Thapa, Manish Prasad Acharya, Mithu Poudel, and Deputy Executive Director Sangam Poudel. They have been accused of violating the Revenue Leakage (Investigation and Control) Act, 2052, and face prosecution. Notably, Sudip Acharya and Jeevan Gyawali have absconded despite being summoned for questioning. Deputy Executive Director Sangam Poudel has been identified as playing a supporting role and faces reduced penalties compared to the primary offenders.
The company reportedly conducted business through the NCM Portal since 2076/77. By hosting servers in Australia, it allegedly concealed its revenue through manual billing, bypassing Nepal’s Inland Revenue Department.
This activity came to light following a sudden inspection of the company’s office, where critical financial documents, trial balances, and digital systems were seized by the DRI.The DRI has filed a legal case at the High Court, Patan, demanding full penalties for the primary offenders and reduced penalties for accomplices.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
