How a biryani joint check in Hyderabad uncovered a ₹70,000 crore tax evasion scam across India

A routine inspection of biryani restaurants in Hyderabad has led to the discovery of a massive tax evasion scheme worth ₹70,000 crore, affecting multiple states across India. The investigation was initiated by local authorities who were conducting checks on food establishments for compliance with health and safety regulations. During these inspections, discrepancies in financial records and tax filings were uncovered, prompting further scrutiny. The investigation revealed a complex network of shell companies and fraudulent practices that allowed the culprits to evade taxes on a grand scale. Authorities have since launched a nationwide crackdown, involving multiple law enforcement agencies to address this widespread tax fraud. This case highlights the need for stricter regulations and monitoring within the food industry, as well as the importance of transparency in financial dealings to combat tax evasion in India. As the investigation unfolds, more details are expected to emerge regarding the individuals and entities involved in this elaborate scheme, which has serious implications for the economy and tax revenue collection in the country.
Originally reported by Hindustan Times India. Read original article
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