H yderabad: The Greater Hyderabad Municipal Corporation (GHMC) has admitted to duplicate and excess payments to contractors through the Trade Receivables Discounting System (TReDS), but put the amount involved at ₹6.92 crore, against reports alleging irregular payments of more than ₹100 crore.
The corporation also rejected claims regarding an alleged 10% commission and an 18% GST component in the payments.
It said any excess GST paid on an amount that was not actually due could be refunded by the GST Department to GHMC. However, such a refund would not reduce a contractor’s obligation to return any excess payment received. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad