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The Economic Times

Top News / The Economic Times

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Hyderabad: ITC fraud of Rs 32.28 cr unearthed, company director held

The CGST Secunderabad uncovered a fraudulent Input Tax Credit case involving a significant amount of Rs 32.28 crore. A company director was arrested for utilizing bogus invoices from fictitious firms to claim this credit. Investigations revealed that these supplier companies were non-functional or had cancelled registrations. Field verifications confirmed no genuine business activities took place at their address.

25 Sep 2026 5:42 pm