Hyderabad: The anti-evasion branch of the CGST Secunderabad Commissionerate has arrested a Musheerabad-based businessman in connection with an alleged ₹32.28 crore fraudulent input tax credit (ITC) case, involving bogus invoices and suppliers that officials said had no genuine business activity.
Based on evidence gathered during the probe and statements recorded, CGST officials arrested the accused on Sept 24 under Section 69 of the CGST Act. He was produced before the duty magistrate and remanded to judicial custody for 14 days.
Further investigation is underway, officials said. The investigation found that the company had availed ITC on invoices issued by firms that were allegedly non-existent or non-functional, while some had GST registrations that had been cancelled. Accused sent to judicial custody The case was detected as part of the ongoing enforcement drive by the CGST Secunderabad Commissionerate against fraudulent ITC claims.