The Telangana State Commercial Taxes department has exposed a tax fraud involving M/s Keshaan Industries LLP, a Hyderabad-based private firm. The company is accused of generating high-value tax invoices without any actual movement of goods.
Following credible intelligence, inspections were carried out at the company’s corporate office on SP Road in Hyderabad, a godown in Bansilalpet, Secunderabad, and two factory units located in Kalakal Automotive Park and Muppireddypally villages in Medak district.
Commissioner of Commercial Taxes K. Haritha said the company issued invoices for the supply of copper materials, but vehicles left Telangana empty while documents falsely showed they were transporting goods to Maharashtra. “Toll gate records obtained from the National Highway Authority of India confirmed that vehicles passed through key checkpoints without carrying any cargo, contradicting the details in the e-way bills,” she explained.
Preliminary findings suggest that fraudulent invoices worth over ₹100 crore were generated in this manner. The company allegedly availed Input Tax Credit (ITC) of approximately ₹33.2 crore using these false transactions, thereby lowering its tax liability.
This method of raising invoices without actual supply of goods has been described by the Commissioner as the first such case detected in Telangana. “The department considers it a serious development indicating a new and sophisticated form of GST-related fraud,” she said.
During the inspections, officials seized crucial documents, including books of accounts, registers, hard disks and CCTV footage.
A formal complaint has been filed with the DCP of the Central Crime Station (CCS) in Hyderabad, requesting the registration of a criminal case against the company’s directors, Vikash Kumar Keeshan and Rajneesh Keeshan.
In a related incident, another case of fraudulent e-way bill generation has come to light. Majid Hussain, Deputy State Tax Officer from Mehdipatnam 1 Circle, Charminar division, found that vehicle number AP29TA7213 had remained immobile since June 2025. Despite this, several e-way bills were generated using the same registration number by different taxpayers. There was no movement of goods. This act is considered a violation of the CGST Act, 2017, and is suspected to involve criminal intent under Sections 318 and 336 of the BNS. A separate complaint has been filed, seeking the registration of an FIR against the vehicle owner.
Published – July 30, 2025 08:17 pm IST
