Telangana: CGST Officers Detect ₹5.6 Crore Tax Evasion
During the investigation, officers found that Kishore had allegedly obtained GST registration: Reports
HYDERABAD: Rangareddy CGST officers detected alleged GST evasion of ₹5.6 crore by Sri Tirumala Services after the firm allegedly obtained GST registration by fraudulently declaring itself as a Special Economic Zone (SEZ) unit.
Officers of the Rangareddy CGST Commissionerate inspected the principal place of business of Sri Tirumala Services at Sri Nagar Colony, Palwancha, Bhadradri Kothagudem, and the residence of its proprietor, Dara Ravi Kishore.
During the investigation, officers found that Kishore had allegedly obtained GST registration for the firm by declaring it as an SEZ unit, enabling it to procure goods as zero-rated supplies without payment of GST despite not being eligible for the benefit.
The Letter of Approval purportedly issued by the Development Commissioner, Visakhapatnam Special Economic Zone (VSEZ), on the basis of which the firm claimed SEZ status, was found to be bogus or fabricated during verification. The firm allegedly procured goods worth about ₹30 crore as zero-rated supplies. The GST evasion was estimated at ₹5.6 crore.
Kishore was arrested on September 24 under Section 69 of the Central Goods and Services Tax Act, 2017, and produced before the jurisdictional court. The court remanded him to judicial custody for 14 days. Further investigation is under way.