Uttar Pradesh Commercial Tax Department and Special Task Force (STF) unearthed a major Goods and Services Tax (GST) fraud being allegedly carried out by a Direct-to-Home (DTH) company in the state.
During the joint-action conducted at various locations in Prayagraj, Lucknow and Pratapgarh, the sleuths came across a DTH company in Lucknow's Gomti Nagar which by allegedly carrying out an illegal transaction of Rs 72.7 crore to a fake company, filled its pocket with the tax credit of Rs 13.9 crore.
After the raid, the owner of the DTH company agreed to pay the taxes, confirmed the officials.
As much as 6 Terabyte (TB) of data was also recovered from the location, which is being investigated by the Commercial Tax Department.
Further investigation in this regard is underway.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app