GST fraud: Steel factory MD arrested

The managing director of a leading iron and steel company with multiple manufacturing units in Telangana was nabbed by the Hyderabad GST Commssionerate for fraudulently availing input tax credit to the tune of ₹ 4 crore. The Hyderabad GST Commissionerate, after searches conducted at two premises of the factory and residences, respectively, of a leading iron and steel firm having a ₹ 600-crore turn…