Rs 165 crore recovered from Powergrid Corporation in Hyderabad

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The GST Hyderabad Commissionerate has recovered Rs 165 crore from the Powergrid Corporation in a case related to non-payment of service tax, GST under Reverse Charge Mechanism (RCM), sources said. “It’s nothing but commission paid on guarantee in respect of the corporation and the corporation has paid Rs.165 crore,” an official said. Senior officials congratulated Directorate General of GST Intelligence (DGGI) Senior Intelligence Officer (SIO) Raji Reddy for his performance.

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