GRA shut down Pasico Ghana

The Ghana Revenue Authority (GRA) has locked up Pasico Ghana for nonpayment of taxes in excess of GH¢4.8 million.

The company is known to be the best producer of aluminum frames and Louvre blades; the most popular is the Pasiguard security grills.

GRA’s action follows a similar exercise where two Chinese nationals managing Dada Foods Company Limited, producers of artificial fruit juices located at Kpone were arrested for evading taxes and falsifying VAT invoices.

Prior to this, the GRA through its intelligence team at down of October 19, 2019, around 2 am, impounded two trucks loaded with beverages produced by the aforementioned company.

Head of Revenue Tax Mobilization, Henry Bradford Sam explained in an interaction with the media that, “We picked up intelligence to the effect that DADA Food Company Limited, a company that is duly registered with the Ghana Revenue Authority was suppressing sales, falsifying the VAT invoice and evading payment of lawful taxes due the state. An interception took place on the motorway on Saturday and we accosted two vehicles.”

Upon further interrogations, the GRA uncovered that tax invoices issued to the company had different amounts.

“We have invoice number, 11574796 with the face value of GHC11,000, when you trace it to the duplicate copy, you have 1,100, so the 11,000 would have been supplied to the customer for payment to be made. When you come to the VAT invoice booklet, the duplicate copy with the same serial number, it has a different value which has been heavily suppressed.”

These are not the only suppressed figures discovered by the GRA as several other VAT invoices had also been taken through the same fraudulent effects.

Pasico Ghana is a company that carries out inspections and certification on cranes, forklifts, reachstackers, lifting and rigging gear, overhead and pedestal cranes and trains and certifies operators of forklifts, reachstackers and cranes.