Bizman held for availing Rs 120 cr input tax credit

The  Anti-Evasion wing  of the Raigad Commissionerate has arrested a Mulund-based businessman for Goods and Services Tax (GST) fraud involving fake invoicing to the tune of Rs 887 crore on which he allegedly availed an input tax credit of Rs 120 crore.  As per investigators, Pritesh Kirtikumar Shah, 36, had floated 40 shell companies dealing in iron and steel in Mumbai, Navi Mumbai…