Indian hotel's account sealed in Kathmandu

The account has been sealed for failing to deposit a large amount of Value-Added Tax collected from customers.

Revenue authorities in Nepal have sealed the accounts of the five-star hotel 'Everest', owned by an Indian national, for failing to deposit a large amount of Value-Added Tax collected from customers, the state-run media reported on Wednesday.

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The accounts of Everest, owned by Indian businessman PS Larry, were sealed along with another hotel 'Blue Star' by the Inland Revenue Department in Kathmandu, The Rising Nepal daily said.

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Despite repeated warnings, five-star Everest and four-star Blue Star did not submit a large amount of Value-Added Tax collected from customers, it said.