CGST Recovers ₹117 Crore in Search of Gurugram Real Estate Developer

 

Gurugram: Regulatory scrutiny of the real estate sector has intensified, with the Central GST (CGST) department conducting searches at multiple premises linked to a prominent real estate developer in Gurugram.

According to officials, the operation resulted in the recovery of ₹117 crore towards GST liability. Authorities also seized documentary and digital evidence that allegedly indicates suppression of taxable supplies and cash transactions involving brokers and channel partners.

In a follow-up search at the residential premises of a linked broker or channel partner, officials reportedly recovered ₹7.9 crore in concealed cash. The CGST department said further leads are being developed and the investigation remains underway.

The action highlights the increasing focus of tax authorities on compliance and financial transparency in the real estate sector, particularly transactions involving developers, brokers and channel partners. The identity of the developer was not disclosed in the official statement.

By : The Realty Times — Real Estate News, Property Insights & Market Updates