Quick Summary
The Telangana Commercial Taxes Department has unveiled a sophisticated Input Tax Credit (ITC) fraud orchestrated by Mr. Chanda Sai Kumar. The fraudulent activities, amounting to a staggering Rs. 138 Crores, came to light following a preliminary enquiry conducted by the department, as revealed in a statement released on Wednesday. Modus Operandi Mr. Chanda Sai Kumar, a resident of Jagtial, employed novel techniques to execute the fraud. The alleged offender stealthily acquired GST login cre
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FAQ :
The total value of the Input Tax Credit fraud uncovered in Telangana is Rs. 138 Crores.
Mr. Chanda Sai Kumar, a resident of Jagtial, is accused of orchestrating the ITC fraud.
The fraud was allegedly carried out by acquiring GST login credentials from cancelled taxpayers and using them to generate fraudulent transactions.
Mr. Chanda Sai Kumar has been presented before the Economic Offences Court and remanded to judicial custody.
Legitimate businesses unknowingly availed the fraudulent Input Tax Credit to evade tax payments, jeopardising the GST system's integrity.
The Telangana Commercial Taxes Department uncovered this fraud.
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