Siliguri, March 11 -- The Central Goods and Services Tax (CGST) authorities in North Bengal's Siliguri have initiated a wide-ranging investigation over alleged irregular availing and utilisation of Input Tax Credit (ITC) running into crores of rupees by several works contractors engaged in executing government infrastructure projects.
According to sources familiar with the development, the probe is focused on certain business practices adopted by principal contractors who secure high-value infrastructure contracts from government departments and project authorities but subsequently subcontract a substantial portion of the execution work to smaller contractors.
Reliable sources said the CGST Commissionerate in Siliguri has already issued l...