ABB India accused of misclassifying equipment to evade GST

The Directorate of Goods and Services Tax Intelligence that investigates indirect tax evasions has accused power and automation technology company ABB India of evading GST by misclassifying equipment, reported BloombergQuint. ABB allegedly misclassified turbochargers it supplied to the Railways and used to boost engine efficiency to make it eligible for a lower GST rate of 5 pe…