Regulatory & Legal
NewsData.io25 Sept 2026, 12:14 pm ISTDelayed
CGST department investigates tax fraud in Hyderabad
What happened
- The Central Goods & Services Tax (CGST) department is investigating fraudulent claims for tax credits.
- The case involves an alleged fraud of Rs 32.28 crore.
Key terms explained
Financial terms from this story, in everyday words.
- ITC (Input Tax Credit)
- a tax benefit that allows businesses to reduce the tax they pay on sales by the tax they already paid on purchases
Original source
NewsData.io
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