Managers of Spintex Road China Mall, Sneda Shopping and Junction Mall Shoprite have been arrested for evading E-VAT.
The companies are China Mall, Sneda Shopping Mall, and Fresh First Limited, which were found not to be issuing the e-VAT while Palace Mall and Shoprite at the Junction Mall were faulted for issuing receipts with duplicate signatures of the Commissioner General of the Ghana Revenue Authority.
The Managers were sent to the Customs office at the headquarters for their statements before they were handed over to the Criminal Investigation Department of the Police.
According to GRA, the managers will soon be arraigned before the court.
E-VAT is an electronic means of issuing VAT receipts OR an electronic invoicing system for VAT-registered businesses. E-VAT is not a new tax, but an improvement on how VAT transactions are invoiced.
The new E-invoicing system applies to both the VAT Flat Rate and Standard Rate Schemes. By this, all VAT components for both VAT types still hold in the calculation of liabilities respectively
