Members of Parliament's Public Accounts Committee (PAC) are unhappy over failure by the management of G-Pak Limited to charge VAT on printing contracts for some churches worth GH ¢ 13,288.63.
The Auditor-General’s 2017 report revealed that 17.5% or GH ¢ 13,288.63 VAT was not charged on eight sales invoices totaling GH ¢ 75,935.00.
It further stated that VAT on printing of items for Action Chapel’s Impact 2016 program totaling GH ¢ 27,820 was also not paid.
Other companies included Raphael Sekle GH ¢ 9,000.00, Mr Bamsah GH ¢ 9,960.00, Choice Link Limited GH ¢ 5,700.00, Shirley Acquah Harrison GH ¢ 8, 450.00 for the printing of 'The Wallet Gang' and Sakoa Press with GH ¢ 2,250.00, all totalling GH ¢ 75,935.00
The report said the action by the management is in breach of Section 1 (1 & 2) of the VAT Act 2013, Act 860 as amended, and the management's disregard to the Act resulted in the loss of GH ¢ 13,288.63 expected tax revenue to government.
Mathias Kwame Ntow, a member of the Committee asked why the management of G-Pak Limited failed to charge 17.5% VAT on invoices of such contracts.
Reacting to the Reviewer General's inquiries at Thursday's PAC sitting, the Overseeing Head of G-Pak, James Edu Dadzie said they are putting forth attempts to arrive at the customers to repay the VAT it neglected to charge.
He further told the committee that three out of the eight solicitations of the customers have settled the VAT for government's formative plan.
Mr Dadzie revealed to PAC that the organization is at present connecting with the administrations of an office to help them in gathering the exceptional assets.
He affirmed that the organization utilized aspect of its Inside Created Assets to pay the Ghana Income Authority since disappointment by the customers to pay the VAT was brought about by the organization and G-Pak is putting forth a valiant effort to recuperate the assets to repay.
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