Telangana firm created Rs. 100 crore worth of fake tax bills without goods movement
Hyderabad: In a significant enforcement action, the Telangana State Commercial Taxes Department has uncovered a large-scale tax fraud involving Keshaan Industries LLP, a Hyderabad-based private firm.
Based on credible intelligence, department officials conducted coordinated inspections at the company’s corporate office on SP Road, Hyderabad; a warehouse in Bansilalpet, Secunderabad; and its factory units in Kalakal Automotive Park and Muppireddypally villages of Medak district.
Preliminary findings reveal that the company allegedly issued high-value tax invoices for copper supplies without actual movement of goods. Empty vehicles were reportedly dispatched from Telangana to Maharashtra while documents falsely indicated transportation of copper consignments. The value of these invoices is estimated to exceed ₹100 crore.
The fraud came to light through analysis of vehicle movement data, including toll records from the National Highway Authority of India (NHAI). These records showed that vehicles mentioned in the e-way bills passed through toll gates without carrying any goods. Field intelligence further confirmed that no actual supplies took place despite the generation of invoices.
The company is also accused of fraudulently claiming Input Tax Credit (ITC) worth ₹33.20 crore through these fake transactions, reducing its GST liability.
During inspections, officials seized books of accounts, registers, hard drives, and CCTV footage. A formal complaint has been filed with the Deputy Commissioner of Police, Central Crime Station, Hyderabad, seeking registration of a criminal case against the company’s directors, Vikash Kumar Keeshan and Rajneesh Keeshan.
Officials say this is the first instance in Telangana of such a method being used to evade tax under GST law, and it may indicate a new trend in fraudulent practices.
In a related case, Majid Hussain, Deputy State Tax Officer from Mehdipatnam-1 Circle, Charminar Division, detected another irregularity involving vehicle number AP29TA7213. The vehicle has reportedly remained stationary since June 2025, yet multiple e-way bills were generated using its registration number by different taxpayers.
Authorities suspect this was done without any movement of goods, violating provisions of the CGST Act, 2017, and potentially involving criminal intent under Sections 318 and 336 of the Bharatiya Nyaya Sanhita (BNS). A separate complaint has been filed to initiate an FIR against the vehicle owner. The Commercial Taxes Department is continuing its efforts to clamp down on tax evasion, following directions from Chief Minister A. Revanth Reddy.
