What Tax Fraud of Rs 100 Crore Has Been Uncovered in Telangana?
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Synopsis
In a groundbreaking discovery, the Telangana State Commercial Taxes Department has unveiled a massive tax fraud scheme involving Keshaan Industries LLP, amounting to over Rs 100 crore. This case highlights a sophisticated new trend in GST fraud that could have wider implications for businesses across the region.
Key Takeaways
- The Telangana State Commercial Taxes Department has uncovered a tax fraud of over Rs 100 crore.
- Keshaan Industries LLP is accused of generating false invoices for copper materials.
- Coordinated inspections led to the discovery of empty vehicles being falsely documented.
- The fraud represents a new trend in GST-related evasion.
- The department has initiated legal action against the company's directors.
Hyderabad, July 30 (NationPress) The Telangana State Commercial Taxes Department has revealed an alleged tax fraud exceeding Rs 100 crore involving Keshaan Industries LLP, a private firm based in Hyderabad.
This company is accused of creating high-value tax invoices for the supply of copper materials, despite no actual movement of goods.
Following reliable intelligence, officials executed synchronized inspections at the firm's corporate office on SP Road, Hyderabad; a warehouse in Bansilalpet, Secunderabad; and its manufacturing units at Kalakal Automotive Park and Muppireddypally villages in Medak district.
Initial findings suggest that empty vehicles were dispatched from Telangana to Maharashtra, while documentation falsely claimed significant consignments were being transported. The total worth of these fraudulent invoices is believed to surpass Rs 100 crore.
The department discovered the fraud through analyzing vehicle movement data, including toll gate records from the National Highway Authority of India (NHAI). These records revealed that numerous vehicles passed through major toll points without carrying goods, contradicting the e-way bills. Field intelligence further substantiated that invoices exceeding Rs 100 crore may have been issued without any actual deliveries.
This advanced form of tax evasion, which involves invoicing without real supply, marks the first instance of its kind detected in Telangana. It signifies a perilous new trend in GST-related fraud. The company illicitly claimed Input Tax Credit (ITC) of approximately Rs 33.20 crore through such fraudulent transactions, significantly lowering its output tax obligations.
In response to this, officials confiscated vital documents, including accounting books, registers, hard drives, and CCTV recordings during their inspections. A formal complaint has been filed with the Deputy Commissioner of Police (DCP), Central Crime Station (CCS), Hyderabad, seeking to initiate a criminal case against the firm's directors, Vikash Kumar Keeshan and Rajneesh Keeshan.
Investigations are ongoing to ascertain whether other businesses are employing similar strategies.
Point of View
This incident underscores the urgent need for enhanced vigilance and improved mechanisms for monitoring tax compliance. The emergence of such sophisticated tax evasion tactics poses a significant challenge to regulatory authorities, reinforcing the importance of transparency and accountability in the business sector.
NationPress
31/07/2025
Frequently Asked Questions
What is the total amount involved in the Keshaan Industries tax fraud?
The total amount involved in the tax fraud is alleged to exceed Rs 100 crore.
How did the Telangana State Commercial Taxes Department discover the fraud?
The fraud was discovered through the analysis of vehicle movement data and toll gate records from the National Highway Authority of India (NHAI).
What actions have been taken against Keshaan Industries LLP?
Officials seized crucial documents and filed a formal complaint with the Deputy Commissioner of Police (DCP) to initiate a criminal case against the company's directors.
What does the fraudulent scheme involve?
The scheme involves generating high-value tax invoices for the supply of materials without any actual movement of goods.
Is this type of tax fraud common in Telangana?
This is the first instance of such sophisticated tax evasion being detected in Telangana, indicating a concerning new trend.
