Rs 50 crore tax evasion: DGGI, Hyderabad arrests Orange Travels, Trillion Lead MDs
The action follows the development of specific intelligence through data analytics and inter-agency coordination aimed at dismantling inter-state fraud networks
By - Newsmeter Network
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Hyderabad: Directorate General of GST Intelligence (DGGI), Hyderabad, arrested two key accused for Rs 50 crore tax evasion.
Organised GST evasion under scanner
The arrests are part of intensified enforcement action by the Directorate General of GST Intelligence, Hyderabad, against organised GST evasion rackets.
The action follows the development of specific intelligence through data analytics and inter-agency coordination aimed at dismantling inter-state fraud networks.
Rs 28.24 crore collected, not paid to government
One of the arrested persons, M/s Orange Passenger Transport Pvt. Ltd., managing director, and Congress leader Sunil Kumar, allegedly collected Rs 28.24 crore as GST from customers but failed to deposit the amount with the government even after three months from the due date.
Fake ITC of Rs 22 crore detected
In a separate case, Chethan N, Managing Director of M/s Trillion Lead Factory Pvt. Ltd., is accused of masterminding a fake Input Tax Credit (ITC) fraud amounting to Rs 22 crore by creating and utilising bogus transactions.
Arrests under CGST Act
Considering the gravity of the offences and to maintain sustained pressure on organised tax fraud networks, DGGI Hyderabad arrested both accused under the provisions of the CGST Act, 2017.
Continued crackdown on fraud networks
Officials said the department will continue intelligence-led enforcement actions to identify masterminds behind organised GST evasion, prevent revenue leakage, and dismantle large-scale inter-State fraud syndicates.
