- The Ghana Revenue Authority (GRA) has conducted a swoop on companies for VAT breaches.
- A woman behind a chain of supermarkets and a warehouse in the Teshie area was arrested for VAT infractions.
- The owner of an iron rod company was also summoned for a similar offence.
- The companies were identified through an undercover test purchasing exercise by GRA officials.
- The companies were found to be non-compliant in issuing VAT invoices.
- The GRA will conduct pre-emptive assessments and take legal actions against the business owners.
- The punishment for non-issuance of VAT invoices includes fines and imprisonment.
- The companies were found to selectively issue invoices and had to call for approval.
Source: graphic.com.gh
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
