First Kolkata GST fraud arrests in Rs 40 crore 'scam'

The Directorate General of  GST Intelligence (DGGI) has arrested two persons, marking the first  GST fraud-related arrests from the city since the new tax regime rolled out last July.  S K Bhuwalka and  Neeraj Jain are in judicial custody for GST evasion to the tune of more than Rs 40 crore, but sources suggested that the real magnitude of the fraud could be well over Rs 100 cr…