+
Ambica Constructions' Bengaluru CEO arrested for Rs 1.16 bn tax evasion
ECONOMY & POLICY

Ambica Constructions' Bengaluru CEO arrested for Rs 1.16 bn tax evasion

The Directorate General of Goods and Services Tax Intelligence (DGGI), Bengaluru Zonal Unit, has intensified its efforts against tax evasion by uncovering a multi-crore fraud allegedly linked to Ambica Constructions and Contractors, a Bengaluru-based company involved in work contract services. The company's CEO, Praveesh Kuzhipally, has been arrested in connection with the case.

The investigation revealed that the company violated provisions of the GST Act, 2017, through fraudulent practices. These included the wrongful availing of ineligible input tax credit (ITC), suppressing taxable turnover, and failing to remit collected taxes to the government, amounting to approximately Rs 1.16 billion.

A DGGI release stated that the company fraudulently availed ITC using invoices from fictitious suppliers. It explained that advanced data analytics tools and RFID-based vehicle movement tracking were used to uncover the illegal claim of over Rs 110.8 billion in ITC from non-existent suppliers.

The Directorate General of Goods and Services Tax Intelligence (DGGI), Bengaluru Zonal Unit, has intensified its efforts against tax evasion by uncovering a multi-crore fraud allegedly linked to Ambica Constructions and Contractors, a Bengaluru-based company involved in work contract services. The company's CEO, Praveesh Kuzhipally, has been arrested in connection with the case. The investigation revealed that the company violated provisions of the GST Act, 2017, through fraudulent practices. These included the wrongful availing of ineligible input tax credit (ITC), suppressing taxable turnover, and failing to remit collected taxes to the government, amounting to approximately Rs 1.16 billion. A DGGI release stated that the company fraudulently availed ITC using invoices from fictitious suppliers. It explained that advanced data analytics tools and RFID-based vehicle movement tracking were used to uncover the illegal claim of over Rs 110.8 billion in ITC from non-existent suppliers.

Next Story
Infrastructure Transport

India Tests First Hydrogen-Powered Train Coach

Union Railway Minister Ashwini Vaishnaw announced on 25 July 2025 that Indian Railways has successfully tested the country’s first hydrogen-powered coach at the Integral Coach Factory (ICF) in Chennai. The coach is part of a 1,200 horsepower hydrogen train under development, aimed at positioning India among global leaders in hydrogen-powered rail technology.Vaishnaw shared the milestone via a post on social media platform X, stating: “First hydrogen-powered coach (Driving Power Car) successfully tested at ICF, Chennai. India is developing 1,200 HP hydrogen train. This will place India amon..

Next Story
Infrastructure Transport

Rs 10 Billion Rail Plan for Nashik Simhastha 2027

In preparation for the Nashik–Trimbakeshwar Simhastha 2027, the Ministry of Railways has begun early planning, drawing on lessons from the Prayagraj Maha Kumbh 2025. Union Railway Minister Ashwini Vaishnaw and Minister of State Ravneet Singh Bittu recently reviewed the progress with senior officials.A total of Rs 10.11 billion has been allocated for 65 projects, 33 of which have already been sanctioned. These works will enhance five key stations — Nashik Road, Devlali, Odha, Kherwadi, and Kasbe Sukene — to manage the expected influx of 30 million pilgrims. Upgrades will include new platf..

Next Story
Infrastructure Urban

RailTel Wins Rs 502 Million IT and Internet Orders

RailTel Corporation of India has secured two significant work orders worth a combined Rs 502 million. The first, valued at Rs 100.5 million, involves implementing comprehensive IT solutions for the Department of Social Security and Empowerment of Persons with Disabilities (SSEPD), Government of Odisha. This project is scheduled for completion by 20 January 2026.The second contract, worth Rs 401.9 million, entails providing 8.4 Gbps high-speed internet connectivity to Central Coalfields Limited (CCL), also set for execution by the same deadline.The company clarified that there is no related par..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?