Mumbai: 3 city businessmen held for Rs 687-cr GST fraud

Three city-based businessmen were arrested by the Central Goods and Services Tax (CGST) department on Wednesday for allegedly using fraudulent means to claim a total Input Tax Credit (ITC) of Rs 687 crore under GST. According to CGST officials, Rahul Saraf, a Juhubased director of Maxgrow Overseas Limited; Rajesh Mehta, CEO of Rajesh Mehta Group of companies; and Urvil Jani, director of  Onew…