A Hyderabad businessman was arrested on 24 September by the Anti-Evasion Wing of the Secunderabad CGST Commissionerate for alleged input tax credit fraud of Rs 32.28 crore. His company trading in TMT bars, steel pipes and tubes allegedly claimed ITC on invoices from non-existent or dormant suppliers without receiving goods, using the fake credit to pay GST liabilities; investigation is ongoing.
