Steel co director held for Rs 333 crore GST fraud

The Central Goods and Service Tax and Central Excise has unearthed a case where three companies fraudulently claimed a credit of Rs 333 crore under provisions of GST.  Officials on Friday arrested Nagalingam Goli, director of Indore-based  National Steel and Agro Industries Ltd , for availing an input tax credit ( ITC ) of Rs 333 crore. ITC is paid by businessmen during a purchase and it…