GST authorities bust ₹32.28 crore bogus ITC fraud in Hyderabad, arrest mastermind

Central GST authorities in Hyderabad uncovered a ₹32.28 crore input tax credit (ITC) fraud involving bogus suppliers. Jurisdictional authorities conducted field verification that confirmed the suppliers were fake entities operating without genuine business activity at their declared addresses.

The investigation led to the arrest of the mastermind behind the scheme. The case highlights continued efforts by tax authorities to crack down on fraudulent ITC claims that inflate input credits and reduce actual tax liability.