Enforcement Officers of the Ghana Revenue Authority (GRA) have closed a Chinese company, Cheng Gong Ghana Limited for not complying with electronic tax
The Company is said to have failed to comply with the e-invoicing system for Value Added Tax (VAT) introduced by the GRA.
Unlike the manual system, the e-invoicing system allows the GRA to monitor live transactions in companies where it has been deployed, thereby making it impossible for taxpayers to either under-invoice or avoid the payment of VAT.
When the GRA officials inspected some selected businesses at Spintex, the Cheng Gong company together with other businesses were operating without complying with E-VAT.
The Accra Area Enforcement Manager of GRA, Assistant Commissioner Joseph Annan, explained that the Authority had been engaging management of some selected businesses on how to commence the system but most of them had failed to comply.
According to him, GRA decided to lock up the facility with the Commissioner General Seals because the management of the facility failed to comply with their tax laws.
He warned that it is only Seal, any attempt to take it off is an offence against the law and until the right things were done on their part, the place would remain closed.
Some of the places visited included, Cheng Gong Ghana Ltd, Betje Enterprise, Zee Nails and Beauty, New Place Fabrics, New Place Collections, and Paul Right Shoes and Bags.
Others were; Celebrity Style, Jolisaeko Enterprise, Zilla Home Trading Enterprise
According to Joseph Annang, the owners of these businesses will come to the GRA office to take their statements then the CID will take over from there but their offence is the issuance of non-electronic VAT invoices which means that they are not issuing VAT through the electronic system.
