Bashundhara Steel Complex sued for Tk8.48cr VAT evasion
BI Report || BusinessInsider
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Bashundhara Steel Complex Ltd, a concern of Buildtrade Group, has been sued for evading Tk 8.48 crore value added tax or VAT.
Moinul Khan, director general of the VAT Audit, Intelligence and Investigation Directorate said this in a statement on Wednesday.
Mahidul Islam, assistant director of the directorate, found the evidence of VAT evasion by examining papers of the steel maker for a period from July 2015 to June 2019.
Earlier, Bashundhara Group owned the steel mill that was later purchased by Buildtrade in August 2015, according to the statement.
The mill is located at Golora, Jagir under Manikganj district.