Power Grid Corperation of India is a private sector body but the government gives bank guarantee to it.
The first 200 MW was contracted in a medium-term agreement right after the failure of the Southwest monsoon. (Representational image)
Hyderabad: The Power Grid Corporation of India paid Rs 165 crore after sleuths of the Central GST anti-tax evasion wing detected it had not been paid.
According to reports, the public sector body was supposed to pay service tax in the previous regime but after GST came into force, Rs 165 crore was supposed to be paid to Central GST.
Power Grid Corperation of India is a private sector body but the government gives bank guarantee to it.
For the guarantee, they are supposed to discharge commission to the government.
A case was booked by the directorate, Central GST, Hyderabad zone, when it was found that the tax had not been paid.
( Source : Deccan Chronicle. )
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