The officials of the Directorate General of GST Intelligence (DGGI), Hyderabad Wednesday arrested the director of a private limited company for fraudulently availing and utilising input tax credit (ITC) by issuing fake invoices without any supply of goods or services. The accused was remanded in judicial custody till October 6.
The Hyderabad headquartered infrastructure company, Smartgen Infra, has its operations ranging from commercial real estate, IT/ITES services, the supply of coal, PCCP and BWC Pipes, execution of drinking water pipeline projects, and to supply and installation of electro-mechanical works.
