Chennai businessman held for Rs 61 crore GST evasion

A commodities trader and dealer from Sowcarpet in north Chennai was arrested on Monday for evading Rs 61 crore in  GST by opening multiple ‘fake’ registrations. Tax authorities said businessman Danaram used fake bills to show expenditure and availed input tax credit, which is illegal. “During a search, a racket of fraudulent companies involved in trading of fake tax invoices for availing inpu…