GST dept arrests bizman for Rs 2,285 crore fraud

He allegedly floated 30 companies to issue invoices for Rs 2,100 cr and based on that claimed income tax credit worth Rs 185 cr The  Maharashtra  Department of Goods and Services Tax has arrested a Mumbai-based businessman for allegedly defrauding the state by issuing bogus invoices worth Rs 2,100 crore and claiming  input tax credit  (ITC) worth Rs 185 crore. The accused alleg…