The Commercial Taxes department has unearthed an over ₹1,000-crore GST fraud in refunds and input credit tax (ITC) cases after the Congress party came to power in Telangana. And this could be just the tip of the iceberg, informed official sources on Monday.
Preliminary desk audits by senior CT officials have exposed fraudulent refunds and input tax credits which it appears was deliberately suppressed by the previous regime. But, with Chief Minister A. Revanth Reddy giving a free hand to tax-generating departments to find ways and means to increase tax revenues, CT officials have been going through the cases with a fine tooth comb.
