Telangana Commercial Taxes Department has unearthed an illegal GST (Goods & Services Tax) refund of Rs.25.65 crore allegedly by three firms following searches and raids by the officials on three firms allegedly involved in the racket, on Thursday.
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The three firms in the dock are – Naskon Associates LLP, Naskon Soft Solutions Pvt Ltd and Cemetrix (IT) Services Private Ltd. Their method of obtaining refunds illegally was unearthed after a desk audit conducted by the Commissioner’s Office, said an official release.
Source: The Hindu
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