MUMBAI: The Central Goods and Services Tax (CGST) department on late Wednesday arrested four businessmen from Mumbai for a Rs 400 crore GST evasion.
Directorate General of GST Intelligence, arrested director of Rane Megastructure Pvt Ltd, proprietor of ACS Hardware & Networking, director/ promoter of Keshariya Metal Pvt Ltd and its group companies, managing director of Shailaja Commercial Trade Frenzy Ltd for availing, utilizing and passing on fictitious input tax credit of Rs 408.67 crore based on invoices without any supply of goods or services.