₹427-crore bogus GST billing racket busted in Ludhiana, two held

The central GST commissionerate, Ludhiana, has busted a nexus of 32 bogus firms that fraudulently claimed ₹65 crore as input tax credit (ITC) via fake bills worth ₹427 crore.  According to officials, the nexus is being managed by Gurbax Lal, alias Happy Nagpal. His two accomplices, Sandeep Kumar, alias Puri, and Rajinder Singh, have been arrested. They operated some of these 32 firm…