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Rao IIT Academy institute director held for 'Rs 14 crore GST fraud'

Times Of India

MUMBAI: A director of Rao IIT Academy has been arrested for an alleged Rs 14 crore GST fraud. The Central GST department claimed the institute had collected GST at 18% on tuition fees from students but declared unrelated and exempt services in the returns filed with the department.  The tuition fees thus collected are believed to have been misappropriated in favour of the company, it said. A…

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