City police on Saturday arrested the kingpin in the way bills racket, V.V. Subba Reddy hailing from Kadapa of Andhra Pradesh, while his associates were still at large.
Subba Reddy and his accomplices obtained Taxpayer Identification Numbers (TINs) by presenting forged documents of rental agreements and fake addresses of business centres. A TIN is required for a trader to pay commercial and sales taxes to the Government.
Subba Reddy and his associates led the Government believe that they were into the business of edible oils and pulses. To substantiate their claims they presented forged rental agreements to show they were operating business from a specific address.
The kingpin admitted to the police that he secured TINs from Commercial Tax department with the help of U. Laxminarayana Raju by presenting identity proofs of the other accused Ramachandraiah, G. Prasad, P. Ramanjaneyulu Reddy, P. Divakar Reddy, G. Prakasham and others.
Using these TINs the gang secured way bills. “They used to sell these way bills to traders dealing in edible oils and pulses, who had no TIN. By using these way bills, the traders would avoid paying taxes,” Hyderabad Central Crime Station DCP Avinash Mohanty said. The gang’s sale of way bills resulted in a loss of ₹5.58 crore to the Government.
