Latest news with #KHaritha
Time of India
31-07-2025
- Business
- Time of India
T flags Rs 100 cr fake invoice fraud to Maha
Hyderabad: In a major move to curb tax fraud across state lines, the Telangana commercial taxes department has decided to formally notify the Maharashtra govt about the large-scale GST input credit scam involving fake invoices and empty vehicle shipments , a racket suspected to have siphoned off over ₹100 crore in taxes. At the heart of the scam is a Hyderabad-based company that issued high-value tax invoices for copper supplies to a company in Maharashtra, but with no actual movement of goods. According to preliminary findings, vehicles were dispatched empty from Telangana, while documentation falsely showed substantial consignments being transported. The fraudulent scheme revolves around the use of bogus input tax credit, one of the most common and damaging forms of GST fraud. These schemes typically involve shell or paper-only companies that issue invoices for goods or services that were never actually supplied, allowing colluding firms to illegitimately claim input tax credit from the govt. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad How the scam worked The operation followed a layered method of deception. A Hyderabad company generated fake invoices for copper goods, billing a Maharashtra firm without delivering any actual materials. The receiving company in Maharashtra then claimed to have paid 18% GST and sought input credit based on that fabricated transaction. The scam didn't end there. The Maharashtra firm recycled the fraud, issuing its own set of fake invoices to a third company, again falsely claiming to have supplied goods and paid tax. This chain of deceit allows each party to benefit from tax credits on taxes never actually paid, creating significant revenue losses for the govt. Vigilance intensified Commercial taxes commissioner K Haritha emphasised the expanding scope of the department's crackdown. "We are increasing vigilance regarding companies that create fake invoices or claim fraudulent input credits. Typically, this type of scam involves a chain of companies," she said. "We previously focused on identifying firms within our state, but now we will inform state govts about companies participating in this crime. If vigilance is heightened across all states, such fraudulent activities will decrease," she added. Big push against GST fraud Hyderabad: Since April 25, the commercial taxes department has stepped up enforcement and uncovered 304 fake GST cases. In these, ₹170 crore in fraudulent input tax credit was blocked, notices worth ₹49.7 crore were issued and ₹8.36 crore has already been recovered.
Time of India
30-07-2025
- Business
- Time of India
City co runs empty vans to fuel 100 cr GST scam
Hyderabad: The commercial taxes department has unearthed a GST fraud of over Rs 100 crore involving a Hyderabad-based private firm for allegedly issuing fake invoices without any actual movement of goods. Senior officials said it was the first such instance in the state. The company allegedly raised high-value tax invoices for copper consignments, while sending empty vehicles from Telangana to Maharashtra. Preliminary findings estimate the value of these fictitious transactions at over Rs 100 crore, with fraudulent input tax credit claims amounting to Rs 33.20 crore, significantly reducing the company's actual tax liability. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Commercial taxes commissioner K Haritha said the fraud was uncovered through detailed analysis of vehicle movement data, including toll gate logs from the National Highways Authority of India. "Many of these vehicles passed through toll gates without carrying any goods, which contradicted the e-way bill records," Haritha said. Field intelligence also indicated the issuance of fake invoices exceeding Rs 100 crore without any corresponding goods movement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Ken Koh revived ailing family business in S'pore to produce the 'Rolls-Royce' of soya sauce CNA Read More Undo Acting on credible intelligence, officials launched simultaneous raids at multiple locations linked to the company, its corporate office on SP Road, a warehouse at Bansilalpet, and two factory sites at Kalakal Automotive Park and Muppireddypally in Medak district. During the raids, authorities seized key evidence, including financial records, registers, hard drives and CCTV footage. A formal complaint has been submitted to the deputy commissioner of police, central crime station, Hyderabad, seeking the registration of a criminal case against the company's directors. Investigations are also underway to determine if other entities are adopting similar fraudulent methods. In a related incident, Majid Hussain, a deputy state tax officer in Mehdipatnam, Charminar division, identified a vehicle that had been stationary since June 2025. Despite this, multiple e-way bills were issued using its registration number by various taxpayers. A separate complaint has been filed to initiate criminal proceedings against the vehicle owner. "The commercial taxes department is actively working to curb all forms of tax evasion and ensure recovery of rightful dues to the govt," Haritha said.
Hans India
04-05-2025
- Business
- Hans India
Akshaya Tritiya gold sales under lend for GST evasion
Hyderabad: Large-scale evasion of GST payments by top jewellery showrooms in Hyderabad in the sale of gold ornaments on the auspicious occasion of Akshaya Tritiya on April 30, is now under investigation. The State Commercial Taxes Department started scrutiny of the invoices for gold sales of higher values on that day. Following reports that many showrooms have not generated GST payment bills on exchange of old ornaments, the tax wing directed jewellers to submit details of all gold sales during the period. It is learnt that a few jewellers had insisted on cash payments from customers. A team of officials of Commercial Taxes wing in the city visited top jewellery stores in Panjagutta, Basheerbagh, Kukatpally, Dilsukhnagar and Hitec areas. It sought all the details of the gold sales from the management on May 1 and 2. The data furnished by the enforcement officials who conducted surprise visits to the jewellery shops on the auspicious day was also being scrutinized to ascertain if any jeweller had violated GST rules in the sale of gold ornaments. 'We received information that some jewellers had not generated invoices on the sale of ornaments in exchange for the old ones. As per the rule, gold showrooms should also collect three per cent goods & services tax (GST) on the entire old ornaments which consumers bought. However, many showrooms did not generate invoices with GST for old ornaments. Instead, they collected only IGST (1.5 per cent) and SGST (1.5 per cent) on the new ornaments from the buyers who sold old ones', a top official said, adding that on the Akshay Tritiya, most of the buyers purchased new ornaments by selling the old in the showrooms. Such violations were noticed in many jewellery showrooms and thereby depriving the state of earning precious revenue. The State government was already serious about the decline of the GST collections from Telangana in the recent months, officials said, adding that since Akshaya Tritiya was a big occasion to generate good revenues, the Commercial Tax Department was scrutinizing all invoices and the stock details in the showrooms which reported huge gold sales this week in the city. State Commercial Taxes Commissioner K Haritha instructed officials to examine the payment modes adopted by the showrooms for the sale of gold ornaments. The authorities received complaints that a group of showrooms in Basheerbagh rejected digital, debit and credit card payments and the buyers were allowed only to pay cash on the purchase of gold. However, the officials did not divulge names of jewellery retail chains, which violated GST norms.
