The Visakhapatnam zonal unit of the Directorate General of GST Intelligence (DGGI) has arrested Eliyaz Basha in connection with a fraudulent Input Tax Credit (ITC) racket worth ₹19.79 crore, officials said on Tuesday. According to DGGI sources, Basha allegedly operated through a Hindupur-based firm, M/s Dawood Hardware & Cements, reportedly owned by his brother. The accused is said to have issued fake invoices without any physical supply of goods, allowing multiple recipient entities to claim ITC fraudulently, in clear violation of the Central Goods and Services Tax Act, 2017. Basha was produced before the Court of Economic Offences and remanded to 14 days of judicial custody under the provisions of the Bharatiya Nagarika Suraksha Sanhitha (BNSS) 2023. Investigators are continuing to probe the network of recipient entities that may have benefited from the fraudulent transactions. Officials believe that the case could reveal a wider web of firms involved in similar tax evasion practices. A DGGI official told The Coastal Times that this is the second arrest by the Visakhapatnam unit in the 2026-27 fiscal year. “The first arrest of this cycle was T. Venkata Swaroop Kumar, announced on April 2. In the 2025-26 fiscal year, the unit arrested eight individuals and detected GST fraud exceeding ₹352 crore,” the official said. The DGGI has called for heightened vigilance among businesses and urged firms to ensure proper documentation of transactions to avoid falling prey to or inadvertently participating in fraudulent ITC claims. The agency also confirmed that further action would be taken against all entities found complicit in the scheme.
News Visakhapatnam

DGGI arrests man in ₹19.79 crore fake ITC case

The Coastal Times
Iranian sisters in Vizag seek aid after losing family contact
News Visakhapatnam

Iranian sisters in Vizag seek aid after losing family contact

The Coastal Times
90% works complete on ESI Hospital at Sheela Nagar: MP Sribharat
News Visakhapatnam

90% works complete on ESI Hospital at Sheela Nagar: MP Sribharat

The Coastal Times
Vizag–Tirupati IndiGo flight delayed 2 hours over technical snag
News Visakhapatnam

Vizag–Tirupati IndiGo flight delayed 2 hours over technical snag

The Coastal Times
VIMS offers free cochlear implants, emerges as key care hub
News Visakhapatnam

VIMS offers free cochlear implants, emerges as key care hub

The Coastal Times
Private Hospitals End Strike as Govt Promises ₹1,000 Crore Dues
News Vijayawada

Private Hospitals End Strike as Govt Promises ₹1,000 Crore Dues

The Coastal Times
CM Pushes Education, Housing and Welfare Reforms
News Vijayawada

CM Pushes Education, Housing and Welfare Reforms

The Coastal Times
GITAM University, BFI Launch MedTech Incubation Centre
News Visakhapatnam

GITAM University, BFI Launch MedTech Incubation Centre

J Lakshmana Rao
CREDAI Visakhapatnam Announces New Leadership for 2026–27
News Visakhapatnam

CREDAI Visakhapatnam Announces New Leadership for 2026–27

The Coastal Times
BJP’s 75-Year Journey a Testament to Nation-Building, Says Madhav
Amarawati News

BJP Marks 75 Years of Nation-Building, Says Madhav

The Coastal Times

Visakhapatnam

The Visakhapatnam zonal unit of the Directorate General of GST Intelligence (DGGI) has arrested Eliyaz Basha in connection with a fraudulent Input Tax Credit (ITC) racket worth ₹19.79 crore, officials said on Tuesday. According to DGGI sources, Basha allegedly operated through a Hindupur-based firm, M/s Dawood Hardware & Cements, reportedly owned by his brother. The accused is said to have issued fake invoices without any physical supply of goods, allowing multiple recipient entities to claim ITC fraudulently, in clear violation of the Central Goods and Services Tax Act, 2017. Basha was produced before the Court of Economic Offences and remanded to 14 days of judicial custody under the provisions of the Bharatiya Nagarika Suraksha Sanhitha (BNSS) 2023. Investigators are continuing to probe the network of recipient entities that may have benefited from the fraudulent transactions. Officials believe that the case could reveal a wider web of firms involved in similar tax evasion practices. A DGGI official told The Coastal Times that this is the second arrest by the Visakhapatnam unit in the 2026-27 fiscal year. “The first arrest of this cycle was T. Venkata Swaroop Kumar, announced on April 2. In the 2025-26 fiscal year, the unit arrested eight individuals and detected GST fraud exceeding ₹352 crore,” the official said. The DGGI has called for heightened vigilance among businesses and urged firms to ensure proper documentation of transactions to avoid falling prey to or inadvertently participating in fraudulent ITC claims. The agency also confirmed that further action would be taken against all entities found complicit in the scheme.
News Visakhapatnam

DGGI arrests man in ₹19.79 crore fake ITC case

The Coastal Times
Iranian sisters in Vizag seek aid after losing family contact
News Visakhapatnam

Iranian sisters in Vizag seek aid after losing family contact

The Coastal Times
90% works complete on ESI Hospital at Sheela Nagar: MP Sribharat
News Visakhapatnam

90% works complete on ESI Hospital at Sheela Nagar: MP Sribharat

The Coastal Times
Vizag–Tirupati IndiGo flight delayed 2 hours over technical snag
News Visakhapatnam

Vizag–Tirupati IndiGo flight delayed 2 hours over technical snag

The Coastal Times

Vizianagaram

Collector’s Compassion: Helping a Differently-Abled Citizen in Person
News Vizianagaram

Collector’s Compassion: Helping a Differently-Abled Citizen in Person

The Coastal Times
Safety norms must be strictly followed, says transport official
News Vizianagaram

Safety norms must be strictly followed, says transport official

The Coastal Times
Helmet, Seat Belt Use Key to Curb Road Accidents: Vizianagaram SP
News Vizianagaram

Helmet, Seat Belt Use Key to Curb Road Accidents: Vizianagaram SP

The Coastal Times
Devotees Throng Temples Across North Andhra on Ugadi
News Srikakulam Visakhapatnam Vizianagaram

Devotees Throng Temples Across North Andhra on Ugadi

J Lakshmana Rao

Vijayawada

Private Hospitals End Strike as Govt Promises ₹1,000 Crore Dues
News Vijayawada

Private Hospitals End Strike as Govt Promises ₹1,000 Crore Dues

The Coastal Times
CM Pushes Education, Housing and Welfare Reforms
News Vijayawada

CM Pushes Education, Housing and Welfare Reforms

The Coastal Times
YSRCP Slams Chandrababu Over Amaravati Debt, Calls for Reform
News Vijayawada

YSRCP Slams Chandrababu Over Amaravati Debt, Calls for Reform

The Coastal Times
Narayana Backs Amaravati, Flags Gaps on AP Promises
News Vijayawada

Narayana Backs Amaravati, Flags Gaps on AP Promises

The Coastal Times
Naidu, Pawan welcome Amaravati Bill passage in Parliament
News Vijayawada

Naidu, Pawan welcome Amaravati Bill passage in Parliament

The Coastal Times

Crime

City police bust fake currency racket, arrest 60-year-old man
Crime News

City police bust fake currency racket, arrest 60-year-old man

The Coastal Times
Alcohol Crimes Decline in Andhra Pradesh, Other Offenses Climb
Crime News

Alcohol Crimes Decline in Andhra Pradesh, Other Offenses Climb

The Coastal Times
Escaped Prisoners Re-Arrested Within 24 Hours
Crime News

Escaped Prisoners Re-Arrested Within 24 Hours

J Lakshmana Rao
Visakhapatnam Police Crack Down on Property Crimes, Recover Rs 1.2 Crore in July
Crime

Visakhapatnam Police Crack Down on Property Crimes, Recover Rs 1.2 Crore in July

The Coastal Times

People

Sir Mark Tully, iconic BBC voice on India, passes away at 90
News People

Sir Mark Tully, iconic BBC voice on India, passes away at 90

J Lakshmana Rao
AI can transform healthcare, but safeguards are key: Dr. Ragunatha Rao
News People

AI can transform healthcare, but safeguards are key: Dr. Ragunatha Rao

J Lakshmana Rao
From Waste to Innovation”: Dr. Rasheeda Khanam on Turning Dairy Residue into Bioplastic
News People

From Waste to Innovation”: Dr. Rasheeda Khanam on Turning Dairy Residue into Bioplastic

J Lakshmana Rao
Mahesh Babu: When Stardom Meets Social Conscience
People

Mahesh Babu: When Stardom Meets Social Conscience

The Coastal Times

Subscribe for Latest News