Massive GST fraud has come to light in Telangana. This affair was exposed in the raids conducted by anti-evasion officers under the supervision of Principal Chief Commissioner of Hyderabad Zone Central Tax and Customs and Principal Commissioner of Ranga Reddy CGST. The CGST officials conducted a surprise inspection at the headquarters of 'Mrs. Sri Tirumala Services' company, which is run in Palvancha Srinagar Colony of Bhadradri Kothagudem District, and at the residence of its proprietor, Dara Ravikshore.
Shocking facts have come to light during the investigation. The owner of the company, Ravikshore, had registered his company as a Special Economic Zone (SEZ) unit in the GST portal with false details against the rules.For this a duplicate Letter of Approval was created as if issued by Visakhapatnam Special Economic Zone (VSEZ) Development Commissioner. Taking advantage of the zero-rated tax exemption available to SEZ units, they procured goods on a large scale without paying any tax. Officials have found that GST has been evaded to the extent of Rs.5.68 crore on taxable supplies worth Rs.30 crore.
The accused Dara Ravikshore was arrested by the authorities under Section 69 of the Central Goods and Services Tax (CGST) Act, 2017. The accused was produced before the court and the judge remanded him to 14 days judicial remand.CGST officials have warned of strict legal action, including prosecution of fraudsters who illegally avail statutory exemptions and do business without paying taxes.
