Hyderabad: The Telangana Commercial Taxes Department has uncovered a ₹100 crore tax fraud by Hyderabad-based Keshaan Industries LLP, in what officials called an unprecedented case of invoice manipulation without goods movement.
Inspections carried out simultaneously at the firm’s SP Road office, a Secunderabad godown, and factories in Kalakal Automotive Park and Muppireddypally villages exposed large-scale generation of tax invoices for copper supplies that never occurred. Preliminary findings suggest that trucks listed in transport records travelled empty to Maharashtra, while documents falsely claimed high-value shipments.
But toll gate records and GPS tracking from the National Highway Authority of India (NHAI) told a different story. Several trucks passed through highway tolls without a scrap of cargo, directly contradicting what was filed in the e-way bills.
Officials peg the value of the fake invoices at over ₹100 crore. But the real sting? Keshaan Industries is accused of claiming ₹33.2 crore in phoney Input Tax Credit—essentially erasing its GST bill through transactions that existed only on paper.
Investigators are calling this the first operation of its kind in Telangana—a blueprint for how tax fraud is evolving. They say the scam reflects a more calculated, tech-savvy form of evasion that could point to a broader network of misuse.
During the raids, officers seized account books, hard drives, and CCTV footage. A formal complaint has been filed with the Central Crime Station, naming company directors Vikash Kumar Keeshan and Rajneesh Keeshan as key accused.
In a twist, one dormant truck—bearing registration AP29TA7213—popped up repeatedly in transport logs. It hadn’t budged from its spot since June, yet somehow, it was listed in multiple e-way bills as if it were hauling goods across state lines.
Majid Hussain, DSTO of Mehdipatnam-1 Circle, flagged the fraud and filed a separate complaint seeking criminal charges under the CGST Act and BNS Sections 318 and 336.
Commercial Taxes Commissioner K. Haritha, I.A.S., confirmed that enforcement efforts are being intensified under the directives of the Chief Minister, A. Revanth Reddy, to curb all forms of tax evasion.
